No annual fee, but interest charges for missed payments are high. The vertical format just seems silly.
Capital One Financial, General Motors and MasterCard have just the launched a new GM Card that offers consumers a 5% kickback on their first $5,000 worth of annual purchases that can be used to purchase or lease of a new Chevrolet, Buick, GMC or Cadillac. The latest credit card from Capital One comes with no annual fee and offers no limits on the rewards consumers can accumulate and redeem toward the purchase or lease of a GM vehicle. There is also an unlimited 2% credit on all other purchases.
There is no annual fee. In addition, rewards do not expire and as with all other Capital One cards, there are no foreign transaction fees. Since its launch in 1992, GM Card Earnings have been redeemed toward the purchase of nearly 7 million new GM cars, trucks, SUVs and crossovers.
The new GM Card, designed in collaboration with the General Motors design staff, has a vertical card design and is available in five options including a universal design, as well as four division card designs with Chevrolet, Buick, GMC and Cadillac for consumers who take pride in their brand affinity. Regardless of the design, customers can redeem their rewards toward the purchase or lease of any Chevrolet, Buick, GMC or Cadillac vehicle.
GM Card from Capital One Summary:
- 5% earnings on the first $5,000 of net card purchases every year and unlimited 2% earnings on all other purchases
- No limits on the amount of earnings a customer can accumulate
- No expiration of earnings
- No limit on the amount of Earnings that can be redeemed toward the purchase or lease of a new Chevrolet, Buick, GMC, Cadillac vehicle
- No annual fee
- Access to World Elite MasterCard benefits including Trip Cancellation Insurance, Emergency Card Replacement, and MasterCard Travel Services
