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#1 |
![]() Drives: Hyundai Sante fe :( Join Date: Jul 2015
Location: Denver, CO
Posts: 18
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Is the GM credit card worth it?
I noticed that some people actually have the GM card and it saves them money, but how does it work? Also I read about only being able to redeem a certain amount for a car even though you might have more?
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#2 |
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Drives: 2022 Lt1 A10 Join Date: Nov 2015
Location: clark, mo
Posts: 8,882
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Yes and mine is about 800.00 now but GM is running double points till 2/29/16, so when my 16 arrives next month I'll get 1600.00 off at my GM dealer. Its on all models till that date.
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#3 |
![]() Drives: . Join Date: Jul 2015
Location: .
Posts: 121
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#4 |
![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() ![]() Drives: 2013 Triple Black ZL1 Vert M6 ECF Join Date: Mar 2011
Location: Trenton, Michigan
Posts: 7,046
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As you use the GM card, you accumulate 'points' that can be used towards the purchase of a GM car. The more you use the card, the more points you accumulate.
Usually, around the beginning of the year, GM will have special promotions where they bump up your points for a period of time. Sometimes they just double your points for 30 days, sometimes they offer bonus points good for a period of time. The points you accumulate can be used in addition to any other GM discounts available at the time of purchase. Go here for more information. https://www.buypowercard.com/buypowercard/overview/ |
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#5 |
![]() Drives: 2016 Camaro 2SS Join Date: Sep 2015
Location: Cincinnati Ohio
Posts: 460
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I have one of the older cards that earns 5% with no limit..i think the newest ones earn 5% but only up to a certain $ amount..then its 2%?? correct me if i am wrong on this...
...I pay my card off every month...so basically...free money towards the Camaro... I just received a mailer from GMCard...$1000 bonus earnings...and according to what the mailer says...this is on top of normal redemption values..Hopefully mine shows up before 2/29/16...so i can use $2500.. |
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#6 |
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Hail to the King baby!
Drives: '19 XT4 2.0T & '22 VW Atlas 2.0T Join Date: Dec 2008
Location: Illinois
Posts: 12,301
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Not sure about that. I've used my earnings on many cars at employee pricing. My last two in fact.
__________________
"Speed, it seems to me, provides the one genuinely modern pleasure." - Aldous Huxley
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#7 |
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Drives: 2022 Lt1 A10 Join Date: Nov 2015
Location: clark, mo
Posts: 8,882
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Just received my notice in the mail. Its good till end of February.
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#8 |
![]() Drives: 2015 Red Rock Camaro 1LT RS Join Date: Feb 2015
Location: Cedar Park, Texas
Posts: 428
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I got the card about 2 years ago and usually in Jan or Feb of each year I get topped off to 3k when only I may have $200+ points. Used the 3k bonus points in the past for a Volt and another year on my current 2015 Camaro. Looking to see if I get it this year and use it to upgrade to a 2016 RS 1LT model.
Ian B |
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#9 |
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Hail to the King baby!
Drives: '19 XT4 2.0T & '22 VW Atlas 2.0T Join Date: Dec 2008
Location: Illinois
Posts: 12,301
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Thought I remembered this. GM has two cards. We have the old one. Different limits annually.
http://www.autonews.com/article/2013...on-credit-card
__________________
"Speed, it seems to me, provides the one genuinely modern pleasure." - Aldous Huxley
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#10 |
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General Motors Aficionado
Drives: 2023 GMC Canyon, 2023 Expedition Join Date: Aug 2008
Location: Florida
Posts: 37,375
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If you have the Extended Family card you can combine with GMS. I don't think you can with the regular ones.
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2023 GMC Canyon Elevation 2023 Ford Expedition SSV (State-Issued) |
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#11 |
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376 cubic inches of fun
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I've had one for years and have redeemed about $9,000 on GM cars.
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#12 |
![]() Drives: 2016 Camaro RS, 2LT Join Date: Aug 2010
Location: Metairie, LA
Posts: 131
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I got almost $3k of my 2011 camaro, and now have about $2+K on my card for an upcoming '16 camaro purchase. Show it when they prepare the paperwork, AND, this is MOST IMPORTANT: Review the paperwork for bogus fees, like a security fee, or undercoat fee, etc. They will try to sneak in a bogus fee if they can get away with it.
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#13 |
![]() Drives: 2SS - Hyper Blue/Ceramic White Join Date: Dec 2015
Location: Littleton, CO
Posts: 262
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I haven't received a mailer yet...I'll have to make sure I get one some how...
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2SS - Hyper Blue/Ceramic White, A8, MRC, Npp, Sunroof, Low-Gloss Black Wheels, White Rally Stripes.
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#14 |
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Lethal Camaro
Drives: 16 2SS, 71 Std, Suburban RTS Join Date: Jun 2013
Location: Temecula, CA
Posts: 3,855
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Keep in mind, you only get points / cash back on what you pay off. I started using my card in August and paid it off every month. Overall gaining 5% points for the first $5K and then 2% after. I was able to get almost $400 off my 16' purchase with my GM card alone.
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Last edited by Sledgehammer70; 01-03-2016 at 06:43 PM. |
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