angle-up angle-down

GM BuyPower Business Card from Capital One® review

Published: June 27, 2018

Partner Offer: carefully review product terms on Capital One's site before applying

Apply Now
Published: June 27, 2018

Partner Offer: carefully review product terms on Capital One's site before applying

Apply Now
Ratings Policy
Business Rating:
2.9 rating
2.9 rating
2.9 / 5
Rewards Value 3.3
Annual Percentage Rate 1.0
Rewards Flexibility 2.1
Features 3.0

In a Nutshell:

The GM BuyPower Business Card from Capital One offers rewards you can use to buy a new Chevrolet, Buick, GMC or Cadillac vehicle.

Learn more about this card

Rewards Rate

  • 5% on GM parts, accessories and service at authorized GM dealers
  • 3% on gas, dining and office supplies
  • 1% on other purchases

Introductory Bonus
Limited time offer: $250 in BuyPower card earnings once you spend $3,000 in first 90 days (expires 7/31/18) 

Annual Fee
$0

Average Yearly Rewards Value ($4,000 monthly spend)
$890

APR
18.74% (Variable)

Rewards Redemption
Pros

  • Rewards don’t expire
  • Unlimited earnings
  • Use your points to upgrade your vehicle
  • Use your rewards alongside other GM discounts and incentives (except for employee/supplier discounts)

Cons

  • Can only use rewards toward Chevrolet, Buick, GMC and Cadillac purchases, car payments and upgrades

Other Notable Features: No foreign transaction fees, EMV chip technology, World Elite MasterCard benefits, $1 million in travel accident insurance, car rental insurance, concierge service, extended warranties, identity theft services, emergency card services, price protection, trip cancellation & interruption insurance, MasterCard travel services, Priceless cities, travel assistance

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. This card lets you earn tiered rewards that can add up to big savings on a new car. Plus, you can use the rewards you earn in conjunction with other discounts and rebates.

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. The rewards you earn are unlimited and they don’t expire as long as your card account is open.

The rewards aren’t for everyone

Before you sign up for this card, it’s important to note the very limited ways you can use your rewards. Basically, you can only use your rewards toward Chevrolet, Buick, GMC or Cadillac purchases, upgrades and car payments.

You can’t use them toward a used vehicle or a car sold by another brand. You also can’t redeem them for cash back, travel or gift cards. 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. If you aren’t in the market for a new car, the rewards you earn will be useless.

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.

Earn $250 in rewards for a limited time

New cardholders who manage to spend $3,000 in the first 90 days from account opening can earn a one-time bonus of $250 in BuyPower points. This is a great time to sign up for the card, since the card typically doesn’t offer a sign-up bonus, and $250 is a very valuable offer. However, you’ll need to keep in mind that it isn’t a cash back bonus — you can only redeem it as a discount on a qualified car purchase. Also, you’ll need to apply soon, since the offer expires on July 31, 2018.

Big earnings on gas, restaurants and office supplies

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. 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.

Pool your rewards with other discounts

Negotiate the price for your new car first then take advantage of any special promotions or financing that may be available. 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. These savings can reduce your monthly payment each month or lower your sales price.

One caveat: You cannot pool your rewards with a GM employee or supplier discount, so keep that in mind.

Other benefits for cardholders

The GM BuyPower Business card comes with no foreign transaction fees, which makes it a good option for purchases made abroad.

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.

Why get GM BuyPower Business card?

  • You are definitely getting a new Chevrolet, Buick, GMC or Cadillac vehicle in the near future and want to save money.
  • You don’t need the option to redeem your points for cash back or travel.
  • You want a business card without an annual fee.

How to use GM BuyPower Business card:

  • Use it for all your expenses to save as much as you can on your new Chevrolet, Buick, GMC or Cadillac vehicle.
  • Get free employee cards for all your workers so you can rack up more rewards on all your business expenses.

Our reviews and best card recommendations are based on an objective rating process and are not driven by advertising dollars. However, we do receive compensation when you click on links to products from our partners. Learn more about our advertising policy

All reviews are prepared by CreditCards.com staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including card rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the bank’s website for the most current information.

Responses to comments in the discussion section below are not provided, reviewed, approved, endorsed or commissioned by our financial partners. It is not our partner’s responsibility to ensure all posts or questions are answered.

Partner Offer: carefully review product terms on Capital One's site before applying

Apply Now