New GM Card Could Pay for Your Next Car On Points

Luke Vandezande
by Luke Vandezande

If Capital One’s confrontational Viking commercials weren’t enough, maybe the potential for thousands in new car purchase discounts will sell you on signing up.

General Motors announced a new credit card today with Capital One and Mastercard that offers holders five

The new GM Card from Capital One provides consumers with a straightforward way to earn accelerated savings toward the purchase or lease of a new Chevrolet, Buick, GMC or Cadillac vehicle, with no annual Earnings cap and rewards that don't expire. Consumers can choose from five card designs, including a universal design and four brand…
percent earnings toward the purchase of a new GM vehicle. Users can gather up to $5,000 at five percent every year. After that, the rate lowers to two percent but can accumulate uncapped at that pace for the rest of the year.

There are no annual fees and the rewards don’t expire. Over the course a few years, someone who spends heavily could wind up with a free car. More realistically, it could cover your downpayment.

This is the most generous GM Card since the company began offering it 21 years ago. Capital One card partnerships executive Bill Cilluffo said the card sets “a new standard in this category.”

Discuss this story at our General Motors forum.

Luke Vandezande
Luke Vandezande

Luke is an energetic automotive journalist who spends his time covering industry news and crawling the internet for the latest breaking story. When he isn't in the office, Luke can be found obsessively browsing used car listings, drinking scotch at his favorite bar and dreaming of what to drive next, though the list grows a lot faster than his bank account. He's always on <A title="@lukevandezande on Twitter" href="http://twitter.com/lukevandezande">Twitter</A> looking for a good car conversation. Find Luke on <A title="@lukevandezande on Twitter" href="http://twitter.com/lukevandezande">Twitter</A> and <A title="Luke on Google+" href="http://plus.google.com/112531385961538774338?rel=author">Google+</A>.

More by Luke Vandezande

Comments
Join the conversation
Next