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Old 11-09-2007, 01:54 AM   #1
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Question GM flexible earnings card

Does anyone know how much you actually need to spend on this card to gain a reasonable amount of cash to use towards a new Camaro? and do you know if you gain cash or points or whatever the incentive is count from balance transfers? Cause I only have one credit card and was thinking why not have a credit card that would actually help me out towards the Camaro. Thanks in advance for any info.
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Old 11-09-2007, 02:01 AM   #2
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They have such a thing? If so, I will hound you until I get this knowledge from you on where to aquire such a card. =)
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Old 11-09-2007, 02:06 AM   #3
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I heard someone talking about that not too long ago. But, I remember them saying you could only redeem your "points" or cash back on certain vehicles and you couldn't use any other offers, etc. In other words, there was a catch. Now...I don't know that for sure. But, I'm pretty sure that's how it went. I'm sure someone can get this answer soon for you.
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Old 11-09-2007, 10:54 AM   #4
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I just was approved for the GM extended family card yesterday, but the flexible earnings is pretty similar. As I understand it, you get 3% back off any purchase you make towards a GM vehicle. The limitation is that there is a redemption limit. Usually the nicer cars have a lower maximum redemption amount.

Keep in mind that it can't be combined with an employee or supplier discount. If you have one of those, get the extended family that gives you only 1% back but an unlimited redemption amount and can be combined with your employee/supplier discount.

I hope I got all that right. Oh, and it's cash towards the car, not points. I'm pretty sure balance transfers don't count.

Last edited by Croathlete; 11-09-2007 at 11:09 AM.
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Old 11-09-2007, 10:58 AM   #5
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It was probably me Tag.

Yes, GM has a credit card that you can get. It is just a MasterCard. But, being a GM MasterCard, you can earn "points" which when redeemed at the dealership, convert 1-for-1 into dollars that just come right off the top of the price. (I don't remember the conversion for "how much you spend vs how many points you earn").

However, they have some restrictions when redeeming those points. When I bought my '99 Silverado, I could only use a maximum of like 1800 points to redeem. Our '03 Tahoe we could only use 2000 points. And for my '06 Silverado, I could only use 1500 points. But, there are certain vehicles for which you aren't allowed to use points from your GM Card towards the purchase. I'm pretty sure you couldn't use any points on the Vette, the XLR, and the Solstice (this was like a year ago, so it may not be the same now), and I won't be surprised if you can't redeem points on the Camaro when it comes out.

Go to www.gmcard.com to apply for a card and to read about it.
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Old 11-09-2007, 11:11 AM   #6
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Quote:
Originally Posted by Silverado View Post

I'm pretty sure you couldn't use any points on the Vette, the XLR, and the Solstice (this was like a year ago, so it may not be the same now), and I won't be surprised if you can't redeem points on the Camaro when it comes out.
The Corvette does have a $1,000 redemption allowance. That's why I'm banking on the Camaro having at least that much.

https://www.gmflexcard.com/GMFlexCar...les/lookup.jsp
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Old 11-09-2007, 12:08 PM   #7
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I might just have to look into one of those...it's not like I'm gonna be buying anything but GM vehicles anyways....
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Old 11-09-2007, 12:23 PM   #8
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Quote:
Originally Posted by Silverado View Post
It was probably me Tag.

Yes, GM has a credit card that you can get. It is just a MasterCard. But, being a GM MasterCard, you can earn "points" which when redeemed at the dealership, convert 1-for-1 into dollars that just come right off the top of the price. (I don't remember the conversion for "how much you spend vs how many points you earn").

However, they have some restrictions when redeeming those points. When I bought my '99 Silverado, I could only use a maximum of like 1800 points to redeem. Our '03 Tahoe we could only use 2000 points. And for my '06 Silverado, I could only use 1500 points. But, there are certain vehicles for which you aren't allowed to use points from your GM Card towards the purchase. I'm pretty sure you couldn't use any points on the Vette, the XLR, and the Solstice (this was like a year ago, so it may not be the same now), and I won't be surprised if you can't redeem points on the Camaro when it comes out.

Go to www.gmcard.com to apply for a card and to read about it.
Maybe you have a different card than I do...

Mine is the GM Flexible Earnings card (www.gmflexcard.com). I don't have points, just earnings. My earnings are 1% in cash (only redeemable in units of $100) or 3% towards a GM vehicle. I'm not sure what the restrictions are in terms of the Camaro, but I figured I might as well take the chance. I'm going to spend money anyway, and I'm going to get the car.

Here's the info on redemption allowances per GM vehicle.

https://www.gmflexcard.com/GMFlexCar...eId=GMFLEXCARD
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Old 11-09-2007, 12:29 PM   #9
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Quote:
Originally Posted by ChevyNut View Post
Does anyone know how much you actually need to spend on this card to gain a reasonable amount of cash to use towards a new Camaro? and do you know if you gain cash or points or whatever the incentive is count from balance transfers? Cause I only have one credit card and was thinking why not have a credit card that would actually help me out towards the Camaro. Thanks in advance for any info.
To answer your actual question:

Seeing as how you can redeem $1000 for the '08 Vette, I would assume the same would hold true for the Camaro. In that case, you would have to spend $33,333.33 in order for 3% to equal $1,000 exactly. I know there's no way in hell that I'm going to reach that by 1st quarter of '09.
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Old 11-09-2007, 12:31 PM   #10
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I wonder which card will give you more within that time span...I can't really see much difference between the two...
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Old 11-09-2007, 01:44 PM   #11
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Maybe you have a different card than I do...

Mine is the GM Flexible Earnings card (www.gmflexcard.com). I don't have points, just earnings. My earnings are 1% in cash (only redeemable in units of $100) or 3% towards a GM vehicle. I'm not sure what the restrictions are in terms of the Camaro, but I figured I might as well take the chance. I'm going to spend money anyway, and I'm going to get the car.

Here's the info on redemption allowances per GM vehicle.

https://www.gmflexcard.com/GMFlexCar...eId=GMFLEXCARD

I think it is a different card. Same idea, just a different way of going about it.

Mine was just a regular credit card. I've had it since '92. I maxed out on points awhile back, so I've stopped using it. But, I am going to get to redeem some of those points soon.....we're probably getting an Acadia or an Enclave (trading in the Tahoe), so I'll redeem some then.

Of course, then I'll have to start using it again to make sure I have plenty to use on the Camaro (if possible).

Thanks for the tip on this option as well.
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Old 11-09-2007, 01:48 PM   #12
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How much would you have to spend on your card in order to get $1,000 towards a car? I'm just curious as to why GM even has two different cards available if there's no real difference?
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Old 11-09-2007, 02:00 PM   #13
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So with both cards, you just buy stuff, and it accumulates "points" towards a GM vehicle.

The one card made it sound like you buy cars, and get points towards more cars
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Old 11-09-2007, 02:14 PM   #14
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Right, they're both just regular credit cards with a rewards program. That's why I'm wondering why they go through the overhead of having two different cards that do the same thing?
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Old 11-09-2007, 02:22 PM   #15
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I'm going to guess that the one I have is their older program and the one you're talking about is the replacement program. They probably have just kept the old one going since so many people signed up for it and it doesn't really cost them much to keep it going. Of course, maybe they converted my program to the new one already.

I haven't been using that card for a long time now since I had maxed out on earnings. I don't even carry it any more. So, maybe now I'm on the "new" program. I'll have to check into it when I get home and find my account number and password for the website.
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Old 11-09-2007, 05:15 PM   #16
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The current (new) GMCard goes by dollar amounts earned. There were some differences with the older GMCard as mentioned.

I used to have one a few years ago, cancelled it, and now have a new one.

I have just over $400 toward a new car at the moment.

Is it worth it? Yeah if you're someone that's going to totally pay the card off every month. Unfortunately I don't. So I've really paid them more in interest (cause the GMCard has a ridiculous interest rate) than I've earned.

I don't understand WHY the GMCard has such a high interest vs. other Mastercards. I'll probably cancel it after I've redeemed my $.
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Old 11-09-2007, 06:14 PM   #17
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I've really paid them more in interest (cause the GMCard has a ridiculous interest rate) than I've earned.

I don't understand WHY the GMCard has such a high interest vs. other Mastercards.
I think you answered your own question
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Old 11-09-2007, 08:12 PM   #18
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I think you answered your own question
True, but other cards offer rewards about equal to GMCard's without the crazy interest rate.
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Old 11-09-2007, 10:11 PM   #19
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Ahhhh...the "minimum payments".... Credit Card companies hate me: somehow I manage to pay off every bill on time

so maybe the GM card might do me some good...I'm gonna look into it.
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Old 11-10-2007, 01:36 AM   #20
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Yeah, I pay mine off in full every month as well. I treat it like a debit card, yet I'm building my credit for that eventual $35,000 car loan.
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Old 11-10-2007, 10:14 AM   #21
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I don't understand WHY the GMCard has such a high interest vs. other Mastercards. I'll probably cancel it after I've redeemed my $.
Don't quote me word for word on this, but I've heard from more than a couple friends that you really just need to call the company and tell them to lower your interest rate and if they won't, you're going to cancel the card and move to another lower interest provider.

If you don't have a decent to good track record, it might not work, but like I said, more than a couple of my friends have done it.
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Old 01-14-2008, 05:41 PM   #22
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will GM credit card earnings work for the camaro?

ok so i have a GM credit card and i use it every day. i get 5% credit (of my total purchases) towards a new gm vehicle. i was curious if anyone knows if the points will be able to work on the camaro,you know ,being a new car and all. i checked out other cars to see what ones didnt apply, but most if not all of them do so far. even the vette, and most of the time discounts and certain incentives dont work on the vette. so if anyone knows anything about this, please help.
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Old 01-14-2008, 05:49 PM   #23
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I'd like to assume it will. I would guess that you can use up to $1,000 towards the Camaro, that's how it is with the Vette.
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Old 01-14-2008, 06:14 PM   #24
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Now...what is this GM credit card. I mean, how does it work? Just like a normal Credit card, but you get these points?

EDIT: Oh, dang...found a previous thread. Merged...
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Old 01-14-2008, 06:32 PM   #25
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I'd assume that you'd get anywhere between $500.00 to $2,000.00

but it's probably best to make sure you can get the car without it as you may not be able to use the card on the camaro for the first couple years

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