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GM Credit Card – An exceptional reward program

By Anthony Samuel

Republish: EasyPublish™
Published: 02Aug2007
Word count: 496
Viewed: 305 time(s)

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One thing that's exceptional about this GM credit card is that it is very rewarding. Just envisage using your spending authority to increase savings on a new Vauxhall or Saab as part of its reward program. To avail all these, only use your GM Card every time you shop. The GM Card permits you to get ‘Rebate' points on your everyday credit card purchases. This rebate point could be realized at a rate of 3% of your spend which can be redeemed against the cost of a new Vauxhall or Saab.

The sum that can be gained through GM credit card is pegged at a maximum of $2000 off a new Vauxhall and $2500 off a new Saab. In spite of this limitation, a figure of multipurpose features makes the GM Credit Card reward programme more tempting. The cardholder gets 1000 praising points on their first card purchase which is equal to $100. Moreover, these accumulated points can be redeemed at any time and even transferred to family members who are not GM cardholders. Furthermore, if two GM cardholders are living at the same address, then these points can be pooled. Together with this incentive, the GM Credit Card features a restricted introductory interest-free period on purchases and balance transfers. Only 2% fee applies with variable interest rate and no annual fee.

There are numerous credit cards that let you to build up points and rewards, but what could be better than a card that earns you credit towards the purchase of a new GM vehicle. For a good number of people, a car falls amongst the largest purchase they'll ever make. You will be benefit by using GM Credit Card to earn up to 5% credit towards the purchase of your second largest expense. The grand obsession about this card is that you receive credit towards a GM car when you buy things you'd already be buying anyway. Each time you make use of the card, you get points towards the purchase of a new GM car. With no annual fee, all along you will receive a great introductory APR.

The GM Credit Card reward contains a typical 14.9% APR which is variable. For the very first five months of card holding, you get to pay 0% per annum on all purchases and balance transfers. After that period, it will revert to the variable rate. Balance transfer handling fee applies at a meager rate of 2% with minimum $5. The GM Credit Card rebate Points could be gained only if you spend at the rate of 3%. Subject to the Model Line Maximum, 1 Rebate Point is equivalent to a $1 saving off the price of your new Vauxhall or Saab. Along with it, the Partner Points might be earned on top of your normal Rebate Points whenever you shop at The GM Card Partners. The Partner Points rate is similar to that of simple rebate, which is same as 3% of your spend.

This article was brought to you courtesy of Anthony Samuel, the webmaster of http://www.apply-for-a-credit-card-now.com. A credit card directory where you can search, compare and apply for credit card offers from leading credit card companies as well as find tools and credit card articles to help you choose the right credit card.

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