GM BuyPower Card Review: Earn Rewards Toward a New GM Vehicle


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The BuyPower Card is a Capital One credit card that offers users a unique incentive: a way to accumulate earnings toward the lease or purchase of a new General Motors vehicle. With a high earnings rate, 0% APR for the first year and no annual fee, this card has the potential to benefit GM fans in a big way.

Find out more about this GM Mastercard to decide whether it’s one of the best credit card offers for you.

GM BuyPower Card at a Glance

GM BuyPower Card Features and Benefits
Earnings 5 percent on the first $5,000 in purchases; 2 percent thereafter
Purchase APR 14.65% to 24.65% variable APR
Annual Fee $0
Foreign Transaction Fee $0
Balance Transfer Fee $0
Additional Benefits World Elite Mastercard benefits such as price protection, identity theft services and travel insurance

Compare: Best “No Annual Fee” Credit Cards

What You Need to Know About the GM BuyPower Card

The earnings you’ll accumulate with this card must be used toward the purchase or lease of a GM vehicle. GM brands include Chevrolet, Buick, GMC and Cadillac. Used GM-brand vehicles are not eligible for this offer, only new models. Your earnings can be combined with other GM offers and incentives to help you get a better deal on the car you want.  

Best for: people who are loyal to the GM brand

Best Features of the GM BuyPower Card

In addition to having the ability to combine card earnings with certain GM vehicle offers and incentives, the GM BuyPower Card has plenty of other advantages for users. Each year you can earn 5 percent on the first $5,000 in purchases. After that, you’ll earn unlimited 2 percent earnings on everything else you purchase for the rest of the year. 

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Plus, as long as the account is open, your earnings will not expire. Additionally, no redemption limits apply, and this GM credit card doesn’t carry an annual fee or a foreign transaction fee. 

Perks and Terms of the GM BuyPower Card

When considering whether to apply for a GM BuyPower Card, it’s helpful to evaluate the perks and terms. Here’s what you need to know:


  • 5 percent earnings on the first $5,000 in purchases per year; 2 percent on unlimited purchases after that
  • 0% APR for the first 12 months 
  • No annual fee
  • Earnings can be combined with most current GM offers or incentives

Learn: The Best and Worst Time to Buy a New Car


  • No cash-back option on earnings
  • Earnings only go toward the purchase or lease of a new GM vehicle
  • Accumulating substantial earnings can be lengthy

Other Considerations of the GM BuyPower Card

For extra earnings opportunities, you can sign up for the My GM Rewards program. The My GM Rewards program works in tandem with the GM BuyPower Card. Once you sign up, and after you’re approved for the Capital One BuyPower Card, you’ll be credited 10,000 My GM Rewards points, which can be combined with your other GM BuyPower earnings to purchase or lease a new vehicle

Although all GM dealers will redeem earnings, only participating dealers will accept My GM Rewards points toward the lease or purchase of a GM vehicle.  

Is the GM BuyPower Card Right for You?

Because the earnings can only be applied to a new GM vehicle, this card will only be useful to those who are committed to buying or leasing a new GM model. Racking up substantial earnings with the GM BuyPower Card could take a while, however.

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Even with its high earnings rate, an average spend of $3,000 monthly, or $36,000 per year, would only accumulate $870 in annual earnings. But $870 combined with a GM dealer’s offer or incentive, plus any eligible My GM Rewards points you might have could lead to a sweet deal on a new GM vehicle of your choice.

Click through to learn about six surprising uses for your credit card rewards.

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This content is not provided by the companies mentioned. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author alone and have not been reviewed, approved, or otherwise endorsed by General Motors or Capital One.


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