GM Rewards Card
Thread Starter
Race Director
Joined: Feb 2008
Posts: 19,691
Likes: 320
From: Alexandria VA
GM Rewards Card
Sooo, usually I just use discover for 1% cashback. Typical CC bill is 3k a month, throw everything on it and pay it off monthly. Looking to get some extra cashback for my upcoming C7 purchase so went and got the Capital one GM card. Questions:
How much cashback can you use towards a C7? Does it make a difference if its the gofast version? (Zo6 or Zr1)
Is it something you just throw at the end of the deal? IE right before paperwork signed say "Oh, btw, I'm using these points"?
Thanks!
How much cashback can you use towards a C7? Does it make a difference if its the gofast version? (Zo6 or Zr1)
Is it something you just throw at the end of the deal? IE right before paperwork signed say "Oh, btw, I'm using these points"?
Thanks!
Le Mans Master
Joined: Oct 2004
Posts: 5,040
Likes: 416
From: hardyston new jersey
St. Jude Donor '09-'25
I've used the GM card for years. If you have an old card, you can get $500.00 per year up to $3,500. If you have one of the newer cards I believe you are limited to $1,000. I have saved over $9,000 over the years. Great deal.
Drifting
Joined: Aug 2013
Posts: 1,303
Likes: 11
From: Omaha
I've had my GM Mastercard for well over 10 years. Iam going to get $3,000 off my new C7 when she arrives. I have accumulated almost $8,000 points on the card but they limit you to $3,000 on the new C7. You have a 5 year window and then the points on a monthly basis start to dissapear. I guess it gives you a strong incentive to not only use the card constantly but also buy a GM product when you need a new vehichle. My wife drives a Tahoe and we saved $3,000 on that as well.
Safety Car
Joined: Jul 2001
Posts: 4,661
Likes: 67
From: Ocean Springs MS
I have used points both on my '13 427 convertible, and on our new C7. I told my dealer when the paperwork phase started. (No paperwork done on car until it went to status 3000, scheduled for production.). At that time, the $680 worth of points I had accumulated were thrown in along with the $1000 deposit as down payment on the paperwork. It takes the dealer only a few minutes to find out and apply your point balance.
Tech Contributor
Joined: Aug 1999
Posts: 16,376
Likes: 404
From: Should this thoughtful, valuable contribution meet with no acknowledgement or 'thanks' this post----
Also, from time to time your point total with be rounded up. For example, when I had 600 points my account was rounded up to 1000. I now have 1800 and it will get past 2000 soon, then hopefully it gets rounded up to 3000 by next spring when I purchase. You can usually use the points on top of any other incentives like dealer amounts and GM employee discounts; sometimes there are Corvette owner loyalty bucks as well. If all the stars line up correctly next April-May I should be getting close to $12k off a C7....fingers crossed. Then again, if I happen on a dealer lot and I see the car I want before then, I may just say 'hell with it' and do the impulse buy.
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Racer
Joined: Sep 2013
Posts: 362
Likes: 0
With the newer card you can apply up to 3000 dollars towards a 2014 c7. The 5% of purchases is how you get these points. It accrues monthly and is applied at the time of invoice by your dealer. I was able to apply 1300 dollars towards my invoice.
Drifting
Joined: Sep 2000
Posts: 1,888
Likes: 230
From: Livingston County, Michigan
There are several versions of the GM Card. Currently they have their latest iteration of the GM Card, the Extended Family Card, and a Business card. They all have varying amounts in terms of how you earn dollars, if you can apply to a GM employee or supplier deal, if you can get cash back, expiration of earnings.
The original GM Card (and some of us still have them) accumulated earnings at a 5% clip, but was limited to $500/year and expired after 7 years. But a benefit is that the amount you can apply is uncapped.
The latest GM Card (if you apply for one today) doesn't have an expiration date for your earnings, and accumulates earnings at 5%, but only for the first $5000 of how much you spend. Then it declines to 2%. And there's a cap on how much you can apply. As others have posted, it's $3k on a 2014 Stingray.
I use the GM Card to my $500/year limit . . . saved $3.5k on my '09 Z06 and a similar amount on my '00 Tahoe.
The original GM Card (and some of us still have them) accumulated earnings at a 5% clip, but was limited to $500/year and expired after 7 years. But a benefit is that the amount you can apply is uncapped.
The latest GM Card (if you apply for one today) doesn't have an expiration date for your earnings, and accumulates earnings at 5%, but only for the first $5000 of how much you spend. Then it declines to 2%. And there's a cap on how much you can apply. As others have posted, it's $3k on a 2014 Stingray.
I use the GM Card to my $500/year limit . . . saved $3.5k on my '09 Z06 and a similar amount on my '00 Tahoe.
Melting Slicks
Joined: Dec 2000
Posts: 2,076
Likes: 86
From: San Jose CA
When I got my 2012, I had about $2,300 in earnings, plus I got a 3,000 bonus!
Last Redemption Date 04/04/2012
Last Redemption Amount $5,281.06
Last Vehicle Redeemed CHEVROLET Corvette 2012
Lifetime Earnings Redeemed $9,005.92
Last Redemption Date 04/04/2012
Last Redemption Amount $5,281.06
Last Vehicle Redeemed CHEVROLET Corvette 2012
Lifetime Earnings Redeemed $9,005.92
Burning Brakes
Joined: Apr 2013
Posts: 1,035
Likes: 280
From: OH
Race Director
Joined: Nov 2004
Posts: 11,059
Likes: 1,260
From: Central Ma
I've used 13k so far in total.
Used to allow 1k/year up to 7k total. I took $5200 off a silverado years ago.
Now mine is 500/year up to 3500. I'll be at 2400 for my year soon and plan on using that on a 2015.
Make your best deal and the dealer makes a simple phone call to confirm your earnings total.
Used to allow 1k/year up to 7k total. I took $5200 off a silverado years ago.
Now mine is 500/year up to 3500. I'll be at 2400 for my year soon and plan on using that on a 2015.
Make your best deal and the dealer makes a simple phone call to confirm your earnings total.
Burning Brakes
Joined: Oct 2006
Posts: 786
Likes: 181
From: Woodbridge Ca
$1,100.00 was applied towards my 2014 Corvette purchase. Dealer handles all paperwork. All you do is sign a form assigning your accumulated points to the selling dealer. Great deal. Used it towards purchase of my 2008 Corvette as well. With Kerbeck offing $2,000 off MSRP + GM card credits, saved $3,100.00 off MSRP.
Tech Contributor
Joined: Aug 1999
Posts: 16,376
Likes: 404
From: Should this thoughtful, valuable contribution meet with no acknowledgement or 'thanks' this post----
