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GM BuyPower Business Card from Capital One® review

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Have a vehicle-dependent company that's constantly on the road? This may be the credit card for you.

  • Get this card if your business spends thousands of dollars at gas stations, office supply stores and restaurants. It’s especially advantageous if you have more than one GM vehicle and want to purchase another.
  • Pick something else if you want cashback rewards or an intro APR on balance transfers.
  • Apply with fair credit or better.

Up to 5x

Points

$0

Annual fee

0%

Intro Purchase APR

for the first 12 months (then to variable)

740

Recommended credit score

Details

Product NameGM BuyPower Business Card from Capital One®
Card typeMastercard
Annual fee$0
Purchase APR0% intro for the first 12 months (then from 19.24% variable)
Balance transfer APRN/A
Cash advance rate27.15% variable
Cash advance fee$10 or 3% of the cash advance amount, whichever is greater
Penalty APR27.24% fixed
Interest free periodUp to 25 days
Late payment feeUp to $38
Returned payment feeUp to $25
Additional cardholder fee$0

The basics

The GM BuyPower Business Card from Capital One® by Capital One is designed for businesses that have more than one GM vehicle — Chevrolet, Buick, GMC and Cadillac — and want rewards toward leasing or purchasing new GM vehicles or adding additional equipment to new vehicles.

What is the GM BuyPower Business Card from Capital One® Rewards program?

Rewards break down into three categories:

  • Earn 5% per dollar spent on purchasing GM parts, accessories and services at authorized GM dealers.
  • Earn 3% per dollar spent at gas stations, at office supply stores and restaurant purchases.
  • Earn 1% per dollar spent on all other business purchases.

If you’re planning to make a large purchase early on, presumably to acquire GM vehicles, you may find the 0% intro APR on purchases for the first 12 months valuable. The APR on purchases is 19.24% variable after the promotional period ends. However, Capital One may end your intro APR early and impose a penalty APR of 27.24% if you’re late on a payment.

Consider this card for business gas rewards

Universal Premium Mastercard®

  • Accepted at nearly 160,000 fueling locations throughout the United States
  • Choose the most convenient and cost saving sites for your business
  • Prevent unwanted non-fuel spending by limiting purchases only to the pump
  • Open cards to make purchases at over 400,000 maintenance locations
  • Save up to 6¢ per gallon with volume rebates on purchases within the Retail Savings network
  • Save up to 15% on fuel management costs
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The perks

  • Earning rewards.

    You earn 5% per dollar spent on all GM parts, accessories or services purchased at authorized GM dealers, 3% per dollar spent at gas stations, office supply stores and restaurants and 1% per dollar spent on all other purchases. You can redeem your earnings toward purchasing or leasing new GM vehicles or put them toward customizing your new car.

  • Intro APR on purchases.

    The 0% intro APR on purchases for the first 12 months, and 19.24% variable APR thereafter, may be useful for keeping down the costs of any big initial purchases. Keep in mind that if you make a late payment, Capital One may end your intro APR and impose a penalty APR of 27.24%. Penalty APRs can last indefinitely.

  • $0 annual fee or foreign transaction fees.

    Your small business can save big in the long run with $0 annual fee and fees to use your card internationally.

You’ll also like

  • Mastercard concierge service.

    You have access to 24/7 complimentary personal concierge service when you use this card.

  • Mastercard travel assistance.

    With World Mastercard perks, you get a set of complimentary benefits, upgrades, VIP status and premium travel offers.

  • Mastercard rental insurance.

    When you use this card to pay for your rental vehicle, Mastercard rental insurance covers damages and theft of the vehicle.

  • Mastercard easy savings program.

    You can save up to 25% on qualified purchases at participating merchants in the Mastercard easy savings program. You can save on hotel, restaurant, fuel and maintenance and travel-related purchases.

  • Zero liability.

    You only pay for purchases that you authorize. That means no getting stuck paying off unauthorized purchases.

  • Travel accident insurance.

    Tickets purchased for a common carrier with this card cover you and your family against accidental death or dismemberment.

What to watch out for

  • No balance transfer APR.

    The GM BuyPower Business Card from Capital One® has no balance transfer feature. If you’re looking to transfer your debt from another card, this is not a card for you.

  • No variety for redeeming rewards.

    You won’t find an option to use your earnings to redeem airline tickets, gift cards or to get cashback rewards. Your earnings can only be applied towards the lease or purchase of a new GM vehicle.

  • Penalty APR.

    If you make a late payment, you may lose your intro APR on purchases and you may have to pay a penalty APR of 27.24%. The penalty APR has the possibility of sticking around indefinitely, too.

Compare business credit cards

Name Product Rewards Purchase APR Annual fee
2% cash back on all purchases on up to $50,000 per calendar year, then 1%
0% intro for the first 12 months (then 14.99% to 20.99% variable)
$0
Earn 2% cash back on all purchases on up to $50,000 per calendar year, then 1%. Rates & fees
2x points on everyday business purchases on up to $50,000 annually, then 1x points
0% intro for the first 12 months (then 14.99% to 20.99% variable)
$0
Earn 2x Membership Rewards® points on everyday business purchases on up to $50,000 with no category restrictions. Rates & fees
3x points on the first $150,000 on travel and select business categories annually, then 1x after and on all other purchases
17.99% to 22.99% variable
$95
100,000 bonus points after you spend $5,000 on purchases in the first 3 months after account opening. That's $1,000 toward travel rewards when you redeem through Chase Ultimate Rewards®
3 cents off per gallon when you buy 30,000 or more gallons in a month plus 3 cents off at the Retail Savings Network
29.24% variable
Up to $120
Earn 3 cents off per gallon when you buy 30,000 or more gallons in a month plus 3 cents off at the Retail Savings Network.
2x miles on Delta purchases and 1x miles on all other purchases
17.49% to 26.49% variable
$0 intro annual fee for the first year ($95 thereafter)
Earn 30,000 miles after spending $1,000 in the first 3 months plus $50 after making a direct Delta purchase in the same timeframe. Rates & fees
2% cash back on all purchases
18.74% variable
$0 intro annual fee for the first year ($95 thereafter)
Earn $500 after spending $4,500 in the first 3 months.
1.5% cash back on all purchases
0% intro for the first 9 months (then 14.74%, 18.74% or 22.74% variable)
$0
Unlimited 1.5% cash back on every purchase, every day.
2x miles on all purchases
18.74% variable
$0 intro annual fee for the first year ($95 thereafter)
Earn unlimited 2x miles on every purchase for your business, with no blackouts or seat restrictions, and no minimum to redeem.
1.5x miles on all purchases
0% intro for the first 9 months (then 14.74%, 18.74% or 22.74% variable)
$0
Unlimited 1.5x miles on every purchase, every day.
4x points on two categories on up to $150,000 combined annually, then 1x points after that and on all other purchases
15.99% to 23.99% variable
$295
Up to $500 back in the form of statement credits by purchasing qualifying services with FedEx using your American Express® Business Gold Card within the first 3 months, offer ends November 6, 2019. Rates & fees
5x points on flights and prepaid hotels through Amex Travel, 1.5x points if you spend $5,000 on a single eligible purchase on up to 1 million additional points per year and 1x points on all other purchases
N/A
$595
Earn 50,000 points after spending $10,000 and an extra 50,000 points after spending an additional $15,000 on purchases in the first 3 months from account opening. Rates & fees
1.5% cash back on all purchases
0% intro for the first 12 months (then 15.24% to 21.24% variable)
$0
$500 bonus cash back after you spend $3,000 on purchases in the first 3 months after account opening.
5% at office supply stores, on Internet, cable and phone up to $25,000 combined annually (then 1%), 2% on gas and dining up to $25,000 combined annually then 1% after that and on all other purchases
0% intro for the first 12 months (then 15.24% to 21.24% variable)
$0
$500 bonus cash back after you spend $3,000 in the first 3 months.
N/A
0% intro for the first 12 billing cycles (then 12.24% to 20.24% variable)
$0
Enjoy a 0% intro APR on purchases and balance transfers for the first 12 billing cycles, reverting to a variable 12.24% to 20.24% APR. Rates & Fees
1% cash back on all purchases
24.74% variable
$0
Get the credit you want for your business and unlimited 1% cash back on every purchase, every day.
3% cash back on gas, cell phone services, and office supply stores and 1% back on all other purchases
0% intro for the first 15 billing cycles (then 14.24% to 25.24% variable)
$0
Earn $500 cash back after you spend $4,500 on purchases in the first 150 days from account opening. Rates & Fees
3x points in a chosen category and 1x points on all other purchases
0% intro for the first 9 billing cycles (then 14.24% to 25.24% variable)
$0
Earn 20,000 bonus points when you spend $1,000 in net purchases within the first 90 days after opening your account. Rates & Fees
2x points in the category you spend the most each month - gas stations, office supply stores or airlines, plus on cellular providers and 1x on all other purchases
14.24% to 25.24% variable
$0 intro annual fee for the first year ($55 thereafter)
Earn 25,000 bonus FlexPoints worth $375 on airfare, hotel stays, car rentals and more when you spend $2,000 in purchases within the first 4 months of account opening. Rates & Fees
2x points in the two categories you spend the most in each month and 1x points on all other purchases
18.74% variable
$0 intro annual fee for the first year ($95 thereafter)
Earn up to 100,000 bonus points in the first 365 days of account opening with an additional point on all eligible net purchases. Rates & Fees
1.5% discount when you pay early
N/A
$0 intro annual fee for the first year ($250 thereafter)
Get a 1.5% discount when you pay early, with no cap on what you can earn back. Rates & fees
3x points at U.S. restaurants and direct hotel and airfare purchases on up to $50,000 (then 1x), 2x points on purchases through Amex Travel and 1x points on all other purchases
N/A
$95
Earn 3x points at U.S. restaurants and direct hotel and airfare purchases on up to $50,000 (then 1x), 2x points on purchases through Amex Travel and 1x points on all other purchases. Rates & fees
12x points at Hilton, 6x points on select business and travel and 3x points on all other purchases
17.49% to 26.49% variable
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Earn 125,000 Hilton Honors Bonus Points after you spend $3,000 in eligible purchases on the card within the first 3 months of card membership. Rates & fees
2x points on Southwest Airlines and 1x points on all other purchases
17.74% to 24.74% variable
$99
Earn 60,000 points after spending $3,000 in the first 3 months and 6,000 points after your card anniversary.
3x points on Southwest Airlines, 2x points on social media and search engine advertising, Internet, cable, and phone services and 1x points on all other purchases
17.74% to 24.74% variable
$199
Earn 70,000 points when you spend $5,000 on purchases in the first 3 months.
6x points at Marriott Bonvoy, 4x points at US restaurants, US gas stations and on US wireless telephone and shipping services, 2x points on all other purchases
17.49% to 26.49% variable
$125
Earn 75,000 bonus points after you use your new card to make $3,000 in purchases within the first 3 months of card membership. Rates & fees
2x miles on direct Delta purchases and 1x miles on all other purchases
17.49% to 26.49% variable
$450
Earn 40,000 bonus miles and 10,000 Medallion Qualification Miles (MQMs) after you spend $3,000 in purchases on your new card in your first 3 months. Rates & fees
2x miles on direct Delta purchases and 1x miles on all other purchases
17.49% to 26.49% variable
$195
Earn 35,000 miles and 5,000 MQMs after spending $1,000 in the first 3 months plus $100 after making a direct Delta purchase in the same timeframe. Rates & fees
7x points on rideshares, 4x on Brex Travel, 3x at restaurants, 2x on software subscriptions and 1x points on all other purchases
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$0
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N/A
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2x miles at restaurants, gas stations and office supply stores, 2x miles on United and 1x miles on all other purchases
17.74% to 24.74% variable
$95
Earn 50,000 miles after spending $5,000 in the first 3 months. Earn another 50,000 miles after spending $25,000 total in the first 6 months.

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What size business is the GM BuyPower Business Card from Capital One® good for?

This card is designed for small businesses that have one or more GM vehicles, including those from the Cadillac, Buick, GMC or Chevrolet lines. The value comes in especially if your company spends thousands of dollars at gas stations, office supply stores, restaurants or on vehicle maintenance — and you’re loyal to the GM brand.

You can redeem the earnings you build over time toward a new GM vehicle purchase or lease, or to customize your new purchase.

For example, let’s say that your monthly business expenses are:

Monthly expenseEarnings percentageEarnings
GM maintenance: $2,0005%$100
Gas stations: $6,0003%$180
Restaurants: $1,5003%$45
Office supply stores: $1,5003%$45
All other purchases: $5,0001%$50
Total spending: $16,000 per monthTotal earnings: $420 per month

Total spending in this scenario is $16,000 per month or $192,000 per year, with total earnings of $420 per month or $5,040 per year. Your earnings never expire as long as your account is open, so if you renew your GM vehicles every four years, you can use your accumulated earnings any time or at the end of those four years. In our example, four years of earnings would get you $20,160, which you can use as a down payment, to lower your monthly payment or to add optional equipment toward a new GM vehicle.

What should I know before I apply?

When you apply for the GM BuyPower Business Card from Capital One®, you’ll have to provide information about yourself and your business, including:

  • Business name and address
  • Year the business was established
  • Legal structure
  • Whether your business legally formed in the US
  • Whether your business is headquartered in the US
  • Whether your business is based in the US
  • Business ownership type
  • Annual business revenue
  • Industry type
  • Business Tax ID number (TIN)
  • Personal information of the credit card owner, including annual income, residence type and monthly mortgage or rent amount

What credit score do I need?

You can apply with a fair business credit score, but to increase your chances of getting approved, it’s better to apply with a good credit score or higher.

What do customers say about the GM BuyPower Business Card from Capital One®?

Capital One has been accredited by the Better Business Bureau (BBB) since 1995. As of this writing, the credit card provider gets an A+ rating and a composite score of 3.79 out of 5 stars, based on more than 150 customer reviews — 90% of which are negative. Customers in general complain of poor online support, issues disputing unauthorized credit card charges and problems receiving monthly bill statements.

Meanwhile, others praise the credit company for helping those with poor or no credit get a credit card, giving them a chance to rebuild their credit score.

How to apply for the GM BuyPower Business Card from Capital One®?

  1. Go to the BuyPower card website.
  2. Select the GM BuyPower Business Card from Capital One® and click Apply Now.
  3. Complete the application form with all the required information on your business and the employee who will receive the card.
  4. Review your application and submit it.
  5. Alternatively, you can apply by phone at 1-800-458-4165.

How long will it take to be approved?

If the information you provided is accurate and complete and all requirements are met, the card can be approved within a minute.

I got the card. Now what?

  • Avoid paying fees. Make timely payments to avoid penalty fees, which can be up to $38. Late payments can also result in Capital One ending your intro purchase APR period before the 12 months are up. You may also be charged a penalty APR of 27.24%, which can last indefinitely.
  • Contact customer service. Call BuyPower’s customer service team at 1-800-446-5347 with any questions you may have.

Bottom line

A vehicle-dependent small business will likely get more out of the GM BuyPower Business Card from Capital One® than any other. The more GM vehicles your company has in use, the more you’ll benefit from this card.

If you’re a small business owner with more than one GM vehicle and you spend thousands of dollars each month at gas stations, restaurants and office supply stores, then GM BuyPower Business Card from Capital One® may be the right card for you.

Before you apply, you may want to compare your credit card options. Another card may have a better set of features, APR or fee structure that makes more sense for your particular business.

Frequently asked questions

Images: buypowercard.com

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