REFINANCE: Five Benefits of the GM BuyPower Card

Sunday, December 13, 2015

Five Benefits of the GM BuyPower Card

buypower_cardThe GM BuyPower Card, issued by Capital One, is one of the most unique and rewarding credit cards available for consumers. Keep reading to learn why the GM BuyPower Card is so popular among car aficionados and global travelers.

The Best Rates for Rewards
The GM MasterCard offers one of the best available reward rates among all available credit cards. The GM MasterCard provides a whopping five percent earning rate for the first 5,000 dollars of purchases every year. Afterwards, the rate is adjusted to two percent, but the earnings never expire and there is no reward earning limitation. However, the reward points cannot be cashed out, applied to the credit balance or used to purchase merchandise. Instead, GM MasterCard reward earnings can only be used to buy a new GM car, which includes GMC, Buick, Chevrolet and Cadillac. The process is actually quite straight forward for cardholders with enough redeemable points: the cardholder simply chooses a new GM vehicle, negotiates the price with the dealer and applies their reward earnings towards the total purchase price.

World Elite MasterCard Ticket Benefits
The GM BuyPower Card offers some of the best travel benefits. First, if travel tickets are purchased with the GM BuyPower Card, the cardholder and their family members are automatically enrolled in travel insurance that will cover up to one million dollars against accidental death or dismemberment. Second, trip cancellation insurance means that the cardholder will be reimbursed for the cost of any unforeseen canceled events or travel tickets. Third, the MasterCard airport concierge service will provide a complimentary agent to meet and guide the cardholder in the airport for arrivals, departures and even connecting flights. This service is available every day of the year at almost 500 destinations.

World Elite MasterCard Travel Benefits
First, if a cardholder rents a vehicle with a GM BuyPower Card, the MasterRental insurance program will pay for any damages, such as theft and physical damage, which the rental company cannot cover. Second, the MasterCard travel services provides a host of free benefits, upgrades and offers through top-rated travel companies. For example, first-rate travel advisors will provide free travel consultations to help the cardholder plan their trip. Third, the Priceless Cities Offers means that cardholders have exclusive access to unique travel offers in international cities. Finally, the MasterAssist travel assistance service offers around the clock travel-related assistance for things such as medical emergencies, lost luggage and travel documents.

World Elite MasterCard Local Benefits
The world elite MasterCard program also offers local benefits. For example, the local concierge service will help cardholders search and secure event and dinner tickets and reservations. They also assist with purchasing and delivering gifts. The extended warranty program will automatically double the store’s or manufacturer’s brand warranty for up to one year if the item is purchased with the GM BuyPower Card. The unique Identity Theft Resolution Services with Wallet Protection service provides cardholders with exclusive anti-identity theft services, such as notifying credit bureaus and sending a replacement credit card. Next, the MasterCard Global Service means that cardholders can receive emergency assistance from almost any location in the world and in any language. Finally, price protection means that cardholders will receive a reimbursement for the price difference if they find a lower priced item within 60 days of purchasing a product with the GM BuyPower Card.

Extra Benefits
The GM BuyPower Card has no annual fee and comes with a zero percent APR rate for the first year. Afterwards, the variable interest rate rises to at least 11.9 percent, but is capped at 19.9 percent. The cash advance APR is 24.9 percent and the grace period is 25 days. There are no balance transfer or foreign transaction fees with the GM BuyPower Card. There are no rotating purchase categories or limitations, so the GM BuyPower Card will allow cardholders to earn as many points as possible.

The GM BuyPower Card offers excellent reward benefits for cardholders who enjoy cars and traveling.

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