@-Wade- wrote:Is this a new card ? I have not seen it before.
- Every purchase earns rewards that can help you save toward a new Chevrolet, Buick, GMC or Cadillac vehicle
- Get 5% Earnings on your first $5,000 in purchases every year
- Unlimited 2% Earnings on every purchase after that
- Your Earnings don't expire and there's no limit on how much you can earn or redeem
- For an even better value, use your Earnings on top of your best agreed-upon price and most current GM offers
- 0% intro APR on purchases for 12 months, then 11.9% - 19.9% variable APR on purchases
- No foreign transaction fees
- No annual fee
Is the cash back only applicable to purchasing an car i am confused?
@-Wade- wrote:
@mongstradamus wrote:
@-Wade- wrote:Is this a new card ? I have not seen it before.
- Every purchase earns rewards that can help you save toward a new Chevrolet, Buick, GMC or Cadillac vehicle
- Get 5% Earnings on your first $5,000 in purchases every year
- Unlimited 2% Earnings on every purchase after that
- Your Earnings don't expire and there's no limit on how much you can earn or redeem
- For an even better value, use your Earnings on top of your best agreed-upon price and most current GM offers
- 0% intro APR on purchases for 12 months, then 11.9% - 19.9% variable APR on purchases
- No foreign transaction fees
- No annual fee
Is the cash back only applicable to purchasing an car i am confused?
Yeah, that's the way i read it. Looks like a good card for people who are looking to buy a new Chevrolet, Buick, GMC or Cadillac vehicle
The thing that i don't understand is i didn't think you could buy vehicles with credit cards, or am i missing something. I am thinking maybe the rewards apply to accessories for after you purchase/lease your car?
@-Wade- wrote:Is this a new card ? I have not seen it before.
- Every purchase earns rewards that can help you save toward a new Chevrolet, Buick, GMC or Cadillac vehicle
- Get 5% Earnings on your first $5,000 in purchases every year
- Unlimited 2% Earnings on every purchase after that
- Your Earnings don't expire and there's no limit on how much you can earn or redeem
- For an even better value, use your Earnings on top of your best agreed-upon price and most current GM offers
- 0% intro APR on purchases for 12 months, then 11.9% - 19.9% variable APR on purchases
- No foreign transaction fees
- No annual fee
Previously called the GM card...CapOne acquired from HSBC
http://www.bankrate.com/financing/credit-cards/cap-one-unveils-new-gm-card/
@NoAnchoviesPlease wrote:
@mongstradamus wrote:
@-Wade- wrote:
@mongstradamus wrote:
@-Wade- wrote:Is the cash back only applicable to purchasing an car i am confused?
Yeah, that's the way i read it. Looks like a good card for people who are looking to buy a new Chevrolet, Buick, GMC or Cadillac vehicle
The thing that i don't understand is i didn't think you could buy vehicles with credit cards, or am i missing something. I am thinking maybe the rewards apply to accessories for after you purchase/lease your car?
I believe you accumulate the equivalent of vouchers for the cash back. You can then pay part of the cost of your car with them:
"As a down payment, to lower your monthly payment, to add extra optional equipment...the choice is yours."
That being said, you may be able to purchase a vehicle with a charge card. I contracted for a guy 20ish years ago who bought 2-3 cars for his family on his Amex and PIFed, and it got his card upgraded big time. You may lose a little bit of haggling power with that ~2-3% surcharge being involved, but I believe it can be done.
Ahhh i see well I learn something new every day :-) Didn't know that i have always put an down payment on the car and would get an 36 month loan or something like that. This plan seems interesting if you going to buy those types of cars i suppose.
@mongstradamus wrote:
@NoAnchoviesPlease wrote:I believe you accumulate the equivalent of vouchers for the cash back. You can then pay part of the cost of your car with them:
"As a down payment, to lower your monthly payment, to add extra optional equipment...the choice is yours."
That being said, you may be able to purchase a vehicle with a charge card. I contracted for a guy 20ish years ago who bought 2-3 cars for his family on his Amex and PIFed, and it got his card upgraded big time. You may lose a little bit of haggling power with that ~2-3% surcharge being involved, but I believe it can be done.
Ahhh i see well I learn something new every day :-) Didn't know that i have always put an down payment on the car and would get an 36 month loan or something like that. This plan seems interesting if you going to buy those types of cars i suppose.
it's definitely good if you have a lot of spend and want one of their included cars. 5% on first $2500/year and 2% unlimited after that. So if you spend half a million in one year you get $10k toward a car. 