12/4/2023 0 Comments Capital one sign in buypowerUse it for all your expenses to save as much as you can on your new Chevrolet, Buick, GMC or Cadillac vehicle.You want a business card without an annual fee.You don’t need the option to redeem your points for cash back or travel.You are definitely getting a new Chevrolet, Buick, GMC or Cadillac vehicle in the near future and want to save money.You also get access to an array of World Mastercard benefits, including $1 million in travel accident insurance, car rental insurance, concierge services, extended warranties, identity theft services, emergency card services, price protection, trip cancellation and interruption insurance, MasterCard travel services, Mastercard Priceless cities and travel assistance. The GM BuyPower Business card comes with no foreign transaction fees, which makes it a good option for purchases made abroad. One caveat: You cannot pool your rewards with a GM employee or supplier discount, so keep that in mind. These savings can reduce your monthly payment each month or lower your sales price. Once all those details are squared away, you can use the rewards from your credit card to save even more off your new car price. Negotiate the price for your new car first then take advantage of any special promotions or financing that may be available. This could be a huge benefit if you spend a lot in these categories each year and want to parlay your spending into a huge discount off a new vehicle. While the 5-percent earnings category for GM parts, accessories, and service at GM dealerships is fairly unimpressive since you can’t maximize it, it’s nice to know you’ll earn 3 percent for all your gas station, restaurant and office supply store purchases. Big earnings on gas, restaurants and office supplies Without an annual fee, the rewards you earn are just gravy as long as you pay your credit card balance in full each month. This detail makes the lack of a sign-up bonus more understandable. However, the GM BuyPower Business card doesn’t charge an annual fee. This is a disappointment since many comparable business rewards cards offer bonuses worth several hundred dollars. While the rewards this card offers can add up to big savings, you don’t have the option to earn a sign-up bonus. If you want to have more flexibility in how you redeem your rewards, you may want to consider a general rewards card or a cash back credit card that lets you redeem points for statement credits or gift cards. If you aren’t in the market for a new car, the rewards you earn will be useless. For this reason, the card is only a good idea for someone who is assured of purchasing a new Chevrolet, Buick, GMC or Cadillac vehicle every few years. You also can’t redeem them for cash back, travel or gift cards. You can’t use them toward a used vehicle or a car sold by another brand. Basically, you can only use your rewards toward Chevrolet, Buick, GMC or Cadillac purchases, upgrades and car payments. The rewards aren’t for everyoneīefore you sign up for this card, it’s important to note the very limited ways you can use your rewards. The rewards you earn are unlimited and they don’t expire as long as your card account is open. The card’s rewards scheme is fairly simple: You get 5-percent earnings on purchases of GM parts, accessories and service at authorized GM Dealers, 3-percent earnings on purchases at gas stations, restaurants and office supply stores and 1-percent earnings on all other purchases. Plus, you can use the rewards you earn in conjunction with other discounts and rebates. This card lets you earn tiered rewards that can add up to big savings on a new car. If you’re a car enthusiast who buys a new Chevrolet, Buick, GMC or Cadillac vehicle every few years, the GM BuyPower Business Card from Capital One may make sense for you. Get personalized offers from our partners in seconds. Find card offers for you: This card is not currently available on, but you can still find a great card offer for you! Our CardMatch tool can help match you with prequalified offers and cards that align with your credit history – with no harm to your credit score.
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