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  GM BuyPower Card®

GM BuyPower Card®

in Personal Credit Cards from Capital One

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GM BuyPower Card®

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in Personal Credit Cards from Capital One

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Highlights
Highlights
Purchase APR  (Variable APR) 14.4% - 24.4%
Balance Transfer APR  (Variable APR) 14.4% - 24.4%
Credit Score Range 700 - 850
Annual Fee $0

GM BuyPower Card® Review

GM BuyPower Card® is a store cashback credit card issued by Capital One. If you're wondering whether GM BuyPower Card® is the right card for you, read on. This is everything you need to know to make a good choice.

Key Takeaways
  • Generous reward rate. You will get a cashback rewards rate of up to 5%.
  • Earn 5% cash back on everyday purchases. This is higher than the average reward rate (1% cash back) for everyday purchases.
  • 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 12 months.
  • Competitive APRs. GM BuyPower Card® has a variable purchase APR that ranges from 14.4% up to 24.4%.
  • No annual fee. This is a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card, but you don't have to pay an annual fee for the privilege.
  • $0 foreign transaction fee. This card does not charge foreign transaction fees, which makes a great credit card to carry with you when traveling abroad.
  • Multiple credit card benefits. Includes generous credit card perks, such as access to a concierge, purchase protection, and fraud protection.
  • Good or better credit required. You should probably try with another card if your credit score is below 700.
GM BuyPower Card® Pros & Cons
The Good The Bad
  • 5% Earnings on first $5,000 in purchases every year, then 2% unlimited Earnings on purchases after that.
  • Redeem Earnings to receive up to $250 in statement credits each year for in-dealership purchases of Certified Service, parts and accessories or GM extras. Earnings must be redeemed within 90 days of purchase.
  • Redeem them whenever you’re ready to purchase or lease a new GM vehicle*, or toward care and certain GM extras for your current ride.
  • Earn and redeem as much as you want toward a new GM vehicle. Plus, enjoy no annual fee.
  • Lower than average purchase APRs.
  • 0% APR on new purchases during the first 12 months.
  • No annual fee.
  • Multiple credit card perks.
  • Access to a concierge.
  • No foreign transaction fee.
  • Earn rewards on every purchase.
  • GM BuyPower Card® reports to multiple credit bureaus.
  • Requires good to excellent credit.
  • Does not offer a signup bonus.
  • Does not offer rewards or cash back.
GM BuyPower Card® FAQ

Is there a GM BuyPower Card® cash back or rewards program?

No, GM BuyPower Card® does not offer a rewards program. GM BuyPower Card® is a cashback card. This means you earn a percentage of your purchase as a cash reward. With GM BuyPower Card® you receive 2% cash back on every purchase. For example, if you buy a $1,000 laptop, you will receive $20 back in cash. However, you can earn up to 5% for purchases in a bonus category.

What are the GM BuyPower Card® benefits?

GM BuyPower Card® provides the following benefits:

  • ID Theft Protection
  • Reports to major credit bureaus

What are the relevant APRs for GM BuyPower Card®?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. GM BuyPower Card® has lower than average purchase APRs.

GM BuyPower Card® has a variable purchase APR that ranges from 14.4% up to 24.4%. The card has a variable balance transfer APR that ranges from 14.4% up to 24.4%. It also has a variable cash advance APR of 26.4% . Note that late payments are subject to an APR of 30.9% if you are late or miss your payments. Typically, the penalty APR applies for a minimum of six months but can go on indefinitely.

Does GM BuyPower Card® have an introductory APR offer on balance transfers?

No, GM BuyPower Card® does not come with an introductory APR offer for balance transfers.

Does GM BuyPower Card® have an introductory APR offer on new purchases?

This card does offer an introductory APR rate of 0% on qualified purchases for a period of up to 12 months.

GM BuyPower Card® Purchase Intro Offer
Description
Introductory Rate 0%
Purchase Intro APR Period (months) 12

What are the fees for GM BuyPower Card®?

The following fees apply to GM BuyPower Card®:

GM BuyPower Card® Fees
Fees Amount
Annual Fee $0
Foreign Transaction Fee 0%
Returned Payment Fee up to $25
Late Payment Fee up to $38

Does GM BuyPower Card® have a foreign transaction fee?

GM BuyPower Card® does not charge foreign transaction fees. If you are a frequent traveler, this can save you hundreds of dollars in credit card fees when you travel out of the country.

Does GM BuyPower Card® report your account activity to credit bureaus?

GM BuyPower Card® reports your account activity to the following credit reporting agencies:

  • Equifax
  • Experian
  • Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit.

How to apply for GM BuyPower Card®

  • Visit the GM BuyPower Card® website.
  • Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
  • Check the information is accurate and submit your application.
  • If you're denied click here to find out why your application may have been rejected and what you can do about it.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Eligible In-Store Purchases 2%
Every Purchase (Points) 5% Earnings on your first $5,000 in purchases every year, then 2% unlimited Earnings on purchases after that.
Introductory Rate 0%
Purchase Intro APR Period (Variable APR) 12 months
Foreign Currency Transaction Fee 0%
No Annual Fee  
No Foreign Transaction Fee  
Annual Fee $0
No Interest Grace Period for Late Payment 25 days
Cash Advance Fee Minimum $10
Cash Advance Fee (%) Up to 3%
Minimum Cash Advance Fee ($) Starting at $10
Returned Payment Fee Up to $25
Late Fee Amount Up to $38
Customer Type Personal
Minimum Age 18
Supported Income Types
  • 1099 Misc. Income
  • Cash
  • Direct Deposit (W2, SSA, SSDI)
  • Payroll Check or Prepaid Card
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Credit Score Range 700 - 850
Credit Bureau Reporting
  • Equifax
  • Experian
  • TransUnion
Credit Card Benefits
  • Auto Rental Collision Damage Waiver
  • Concierge
  • Emergency Support
  • Extended Warranty Protection
  • Fraud Liability
  • Free Credit Score
  • Identity Theft Protection
  • Purchase Protection
  • Travel Accident Insurance
  • Travel Assistance
Rewards Rates Every Purchase
Rewards Type Cash Back
Cash Advance APR (Variable APR) 26.4%
Balance Computation average daily balance (including new transactions).
Penalty APR (Variable APR) 30.9%
Purchase APR (Variable APR) 14.4% - 24.4%
Balance Transfer APR (Variable APR) 14.4% - 24.4%
Balance Transfer Fee Minimum $0
Balance Transfer Fee % 0%

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