The GM Credit Cards have rewards that can help you attain that GM vehicle of your dreams. Your purchases earns you credit towards your future wheels.
The GM family of reward cards consist of 4 members. Each of them can earn you credits for your purchases towards a new GM vehicle. Some of them even give you the option to get cash back rewards instead. Almost all of them are powered by MasterCard and offered through HSBC.
Yes, almost all of them. This card is the odd sibling out. Not only is it powered by MasterCard World it’s also offered by a different bank – that of Chase. And since its focus is on business among the four it can be considered a heavyweight.
To start with Chase offers a 0% fixed introductory APR rate for purchases and balance transfers for the first 6 billing cycles your account is open. After that, depending on your creditworthiness, you get anywhere between 13.24% to 20.24% variable APR based on the prime rate.
There is no annual fee and you get the benefits of MasterCard membership and worldwide acceptance. You also get the tools to take care of your account such as online bill pay and email and text alerts. You can organize, consolidate and analyze all your GM Business Card accounts from a single management point. You can get additional employee cards, with set individual spending limits and you also are able to track each individual card activity.
Its earnings percentage is tiered; meaning that depending on the type of purchase you make you will get a different percentage rate. The biggest earnings percentage is at 5% and you get that when you use the card at any authorized Chevrolet, Buick, GMC or Cadillac Dealers on GM parts and services. This means if you bought your GM car in to have it serviced you earn 5% in credits.
The next level down is for those purchases that include paying for gas at the pump, buying office supplies or simply dining out. With these purchases you get 3% earnings. All other purchases that don’t fall under the top two categories get a 1% earnings rate.
The best part of this card concerns the earnings itself. While the other three cards in the GM rewards card family have a 7 year expiration date for the credits that you earn, the GM Business Card doesn’t have any. This means that everything you’ve earned stays with you until you decide to use them – whenever that may be.
The other thing it has that at least two of its siblings doesn’t have has to do with the redemption of the earnings. While the others have a redemption allowance, this card doesn’t. That means that you can redeem all the credits that you’ve earned towards the purchase of your new GM vehicle.
And for added bonus how about this? You can combine your earnings with GM’s cash back incentives or low APR financing. That means the price of that new GM vehicle just got smaller. But wait there’s more, as they say during those late night cable infomercials; you also get to combine them with the GM Employee or Supplier Discount incentive as long as the vehicle you’re purchasing is for personal use.
That great deal for a new GM vehicle just got sweeter. So if you have a business, use credit cards anyway, and are looking to buy a new car or SUV soon then why not take a look at the GM Business Card by Chase Bank.
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