General Motors wants to help you save for your next car. By simply using a GM credit card issued by Capital One, you can enjoy earning from your purchases every day. Here’s the plan: Every year, and year after year, enjoy 5 percent on the first $5000 in purchases. Spending above $5000 in the same year GM will give you an additional 2 percent on all other purchases for the balance of the year. The chart below will give you a sense of the savings you can achieve.
|Year 1||Year 2||Year 3||Year 4|
|Spending $5000,00 @ 5%||$250.00||$500.00||$750.00||$1000.00|
|Spending $10,000 @5%then 2%||$600.00||$1100.00||$1600.00||$2100.00|
One of the great things about this card is that your earnings do not expire and there is no annual fee in this card. There is also no limit on how much you can earn or redeem with the new GM card from Capital One.
Redeeming your Earnings – Use your earnings towards over 30 new vehicles – Buick, GMC Chevrolet or Cadillac
GM Business Card – Let your hard pay off with unlimited rewards. The GM Business Card gives you unlimited earnings on your business purchases. You can even add additional employee cards that link to your account, set individual spending limits and track individual spending activity.
- 5 % earnings on GM parts, accessories and service at authorized GM dealers
- 3 % earnings at gas stations, restaurants and office supply stores.
- 1 % earnings on all other purchases
For the GM Business Card users will enjoy a 0% APR for the first six months
Click here for more information and to apply for the GM Card from Capital One