The Gm MasterCard is intended for those cardholders who intend to buy or lease a Gm car in the near future. Through the rewards program that is offered with this card, cardholders earn a 5% rebate that is applied toward the buy or lease of an eligible new Gm car, truck, or Sport Utility car not together with Saturn, Saab, or Hummer.
Although the rebates have no every year limit, they expire within seven years. It is foremost to remember, though, that this card offers one of the top rebates among card issuers who offer auto bonus cards. The card offers an preliminary rate of 0% for twelve months for both purchases and equilibrium transfers. After the preliminary period, the interest rate will vary based on the cardholder's prestige history. The rate charged with will 10.99%, 15.77%, or 17.99%. The minimum rate for cash advances is 20.99%.
Bank Orchard
The card has no every year fee, but there is a cash expand fee of 3% with a minimum of , and a equilibrium exchange fee of 3% with a minimum of and maximum of . This fee, however, does not apply to equilibrium transfers during the preliminary period.
The Gm MasterCard will furnish the most benefits to those cardholders who plan to pay their catalogue in full after the preliminary rate expires in order to avoid paying finance charges and who plan to buy or lease a Gm car in the near time to come and therefore plan to take benefit of the rebate program. Though the rate may be a small higher, especially for those with borderline credit, the rebates offered toward the buy or lease of a new car tend to offset that, at least for those who plan to use the rebates before they expire.
Some of the other benefits cardholders can expect to procure from the use of this card include the following:
o Online way to catalogue information
o Travel urgency insurance
o Reporting of lost and stolen cards
o Emergency cash and card replacement
o Ability to download catalogue data into Quicken or Microsoft Money programs
Details of the Gm MasterCard Application
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