GM Credit Card Review
When you use your rewards
card, you are sometimes left with the feeling that the rewards you
gain wouldn’t be of any use to you. Well why settle for simple
cashback and stationary rewards. Get the most out of your reward
card…how about a car. Yes you read correctly, you could gather
reward points that are redeemable off the purchase or lease of a
brand new car.
Who has this offer?
GM, that’s who. With the
new GM Credit Card once you make a purchase you earn points towards
a new GM vehicle.
I know what you are
thinking; it would take forever to earn enough points to purchase a
new car. GM knows this, and the card was created to offer a maximum
redemption allowance based on the GM model you want.
As an example, if you want
to purchase the 2007 GMC CANYON, the maximum you can redeem towards
this vehicle is $1500. Allowances offered by GM are as high as
$3500.
To see what the maximum
allowance is on different vehicles why not check out the
Redemption Allowance Calculator.
Other Vehicles
If you’re not a fan of GM
cars, you can choose any other vehicle, but you should know that you
won’t build your points as quickly as if you were purchasing a GM
vehicle.
Let me explain.
When you get your new GM
Credit card you have three rewards options to choose from:
-
TRIPLE EARNINGS to 3% toward an eligible, new GM
vehicle
- 1%
EARNINGS toward any other new vehicle, including
Saturn and Saab
- 1%
CASH BACK in $100 increments
So when purchasing a non GM vehicle your reward
points would only be 1% as opposed to the 3% that’s on offer with
the first option.
If you already own the car of your dreams then
you might want to choose the GM Credit Card Cashback option and earn
1% on all purchases.
What Are The Main Other
Benefits
The GM Credit Card has some
nice benefits aimed at saving you time and money firstly and best of
all:
No Annual Fee. I don’t
believe in paying a vendor to use a card that charges me interest
each time I use it. And this brings me to the second benefit.
There is a 0% Introductory
APR after which the APR moves to 14.24%, 18.24%, or 21.24%
depending on your credit status.
For busy people, take
advantage of the Complete Online Account Access and Online Earnings
Management to manage your GM Credit Card at home or on the go.
How Do You Redeem Your Rewards?
Redeeming is quite simple, just follow the next
three steps and you’d be on you way to owning your new vehicle.
- Go to your local GM dealer and choose any
new GM vehicle you want.
- Use the available incentives to negotiate a
price that suits you.
- Inform the dealer that you are a GM Credit
Card holder and ask for your available earnings to be deducted.
And that’s it, after a bit of paperwork you’ll
be driving out the showroom in GM style.
If you are redeeming your points for a non GM
vehicle, the process is a bit different. Obviously you can’t redeem
at a GM dealer so instead you’ll have to visit
www.gmflexcard.com and perform the redemption there.
Likewise for cash redemptions, they are also
redeemed at
www.gmflexcard.com .
Additional Benefits
The GM Credit Card offers
additional benefits that are available to members only. These range
from exclusive GMAC educational loans to the On-Star security
system.
These benefits sound great,
don’t they. So what are you waiting for? Apply for your GM card
today!
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