GM BuyPower Card® review

How to apply for the GM BuyPower Card®

1. Visit the Capital One website and click Apply now.
2. Choose your card design and click Continue to my application.
3. Complete the application with information such as your full name, date of birth, Social Security number, contact information, employment status, monthly rent or mortgage payment and total annual income.
4. Review your information and submit your application.

What credit score do I need?

You’ll have better odds of approval for this card if you apply with a good to excellent credit score of 670 or higher.

The GM BuyPower Card® is a $0-annual-fee card with straightforward value: As you spend with your card, you’ll receive earnings you can put toward eligible GM purchases. You’ll get 5% earnings on your first $5 in purchases each account year, then 2% earnings.

You can later put these earnings toward the purchase or lease of a new Buick, Cadillac, Chevrolet or GMC vehicle. Alternatively, you can redeem them for statement credits — up to $250 per calendar year — for eligible GM vehicle care or GM extras.

The card isn’t the best choice if you’re uncertain you’ll use your earnings for qualifying GM purchases. It could be worth earning less-powerful rewards with another card if it means getting flexible cash back, points or miles.

However, the GM BuyPower Card® does offer very strong rewards, and it could be the right pick if you already own a GM vehicle or you’re sure you’ll become a GM customer soon.

Card benefits

• No annual fee.
  The card doesn’t cost anything to own.
• Earnings toward eligible GM purchases.
  You’ll receive a 5% rewards rate on the first $5,000 in purchases you make each account year. After that, you’ll receive 2% earnings for the rest of your account year.
• Get no interest on purchases for a period of time.
  Receive 0% intro APR on purchases for the first 12 months, then 14.4%, 18.4%, 21.4% or 24.4% variable. That’s not a bad deal, but you can find other cards with 15- 18- or 20-month purchase intro APRs.
• World Elite Mastercard benefits.
  Since this is a World Elite Mastercard, it includes features such as cell phone protection and access to World Elite Concierge. You’ll also find discounts, credits and rewards for services such as Lyft and Boxed.
• No balance transfer fees.
  This is an unusual benefit, as most credit cards charge balance transfer fees. However, the card doesn’t include an intro APR or grace period for transfers.

What to watch out for

• Penalty APR.
  If you make a late payment, Capital One may raise your APR on all balances to 30.9% variable.
• You can’t redeem earnings for cash.
  You must use your earnings for eligible GM purchases, as there are no other redemption options.
• No signup bonus.
  Cobranded cards often have signup bonuses, even if they don’t have annual fees.

Compare cashback credit cards

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Name	Product	Welcome offer	Rewards	Annual fee	Filter values
Blue Cash Preferred® Card from American Express		$300 after spending $3,000 in the first 6 months	6% on select US streaming services, 3% on transit and US gas stations, 6% at US supermarkets on up to $6,000 annually, then 1% after that and on all other purchases	$0 intro annual fee for the first year ($95 thereafter)		Perfect for families: Get up to 6% on everyday purchases and a welcome offer worth $300. This heavy-hitter rewards card has uncontested value. Terms apply, see rates & fees	Apply now View details	Compare	loading Fetching your data...
Blue Cash Everyday® Card from American Express		$200 after spending $1,000 in the first 3 months	2% at US gas stations and select US department stores, 3% at US supermarkets on up to $6,000 per year, then 1% after that and on all other purchases	$0		This everyday cashback card offers a higher than average welcome offer for no annual fee, letting you earn $200 after you spend $1,000 in the first 3 months. Terms apply, see rates & fees	Apply now View details	Compare	loading Fetching your data...
Chase Freedom Unlimited®		$200 after spending $500 in the first 3 months	5% cash back on travel purchased through Chase, 5% on Lyft, 3% on dining and drugstores and 1.5% on all other purchases	$0		This solid 1.5% cashback card gets even better with the addition of up to 5% back in categories like travel, drug stores and dining.	Apply now View details	Compare	loading Fetching your data...

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Bottom line

The GM BuyPower Card® can be a wise pick if you’re a current GM customer or you’ll soon be getting a Buick, Cadillac, Chevrolet or GMC. If you’re not a current GM customer, consider the likelihood you’ll become one. If you don’t end up joining the GM family, all of your earnings will be unusable.

A card with easily redeemable rewards could be a good alternative, in which case you might want to consider a cashback card or get a card with travel rewards.

Frequently asked questions

• Do earnings expire?

  Earnings don’t expire as long as your account is open.

• Is there a minimum starting credit line?

  Yes. The minimum starting credit line is $500.

• When can I ask for a balance transfer?

  You can make a transfer request 10 days after Capital One opens your account.