The GM Card is it worth it - Page 7 - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

cwahl · 09-24-2011, 01:36 AM

I saved 2K off my 2011 with my card. They are constantly changing the incentives based upon what card you have.

PatsRS · 09-24-2011, 07:06 AM

Traded up today another 823 dollars saved!

jonm38 · 09-24-2011, 07:47 AM

Those that might not know, the GM Card is owned by HSBC and HSBC is selling the GM Card to Capital1 with in the year. I have GM card through HSBC right now and don't know what the rates will be with Cap1.

Quote:

Originally Posted by TestDrive

Is getting a GM card worth it?................ anyone

Sam The Plumber · 09-24-2011, 09:43 AM

i got rid of the gm card after they started limiting the earnings you could use. ive had the card since 2004. when i bought my latest camaro they only let me use 1000 of my 3500 points. if cars are selling well gm will only allow minimum earnings to be used on that vehicle. i got the chase freedom card and i am much happier.

DarkneSS · 09-24-2011, 10:42 AM

I got $2,000 off my 1Lt with my card. I'd say the Card is worth it if you were going to spend that money anyway.

swagled · 09-24-2011, 10:53 AM

Quote:

Originally Posted by jonm38

Those that might not know, the GM Card is owned by HSBC and HSBC is selling the GM Card to Capital1 with in the year. I have GM card through HSBC right now and don't know what the rates will be with Cap1.

Interesting. I have mixed opinions on Capital One.

I used to like them, I had a 9.9% card with them back when it was unheard of for personal credit to be in the single digits. And I used their "no fee" checks regularly.

But I accidentally wrote a check once that went $300 over my limit. I called Capital one to ask them to raise the limit before the check cleared and they would NOT do it, despite a perfect payment history over a decade long. So I got to pay overdraft fees for a few months until I paid it down. Then they told me the card would be closed. I figured, "Fine. F-you. I have other cards I can use anyway."

So I paid off the balance, and now Capital One keeps mailing me "Please come back" fliers in the mail. HEY! YOU CANCELED ME!!1!1 Dumbaxes.

I will say however, that GM Card is the very worst card, for the interest rate of any card that I've ever used. I think mine is 22% or 23%.You *MUST* pay it off monthly for the points to be worth it. I think the crummy rate is an effort to push the "Old Card" people to give up and go away.

snizzle · 09-24-2011, 10:58 AM

I've been getting top off flyers recently but they've all excluded 2012 MY Camaros (among other 2012s)

WHITEOUT · 09-24-2011, 12:00 PM

Yes, it is worth it!! Back in July, I had +/-$1,500.00 in GM Card Earnings and I received notice from GM that they were going to double my Earnings to $3,000.00 off of ANY GM vehicle, no matter what the current redemption limits were. I had been waiting and waiting and waiting on the right time to buy my next Camaro and that was now the time. Now in addition, I also had another $1,000.00 discount available to me because we owned a 09 Pontiac and GM had this "Loyalty" type of discount available as well. So to make the story short, these two discounts combined gave me an additional $4,000.00 discount off of the best price I could negotiate, which was over more than $2,000.00 off MSRP. Bottom line, a $40,000.00 2011 Camaro for $34,000.00 plus tax, etc. Yes, the GM CARD IS WORTH IT!

Also, they continuously do this "double your earnings" deal. Since I have had my GM Card, which has been over 10 years, I have redeemed more than $12,000.00 in earning towards the purchase of new GM vehicles. If you have a credit card, and almost everyone does, why not go GM Card?? It is one of the best reward cards there is as far as I am concerned. That is my $.02.

Andys562 · 09-24-2011, 12:10 PM

With a GM card, do you get discounts on Official GM products?

swagled · 09-24-2011, 02:48 PM

I think that's one flexibility for the current Card. The "old terms" were strictly for purchases. No special deals on GM parts, or leases.

Sirwestofash · 09-25-2011, 01:55 AM

There are different types of GM cards which is the best?

rarrazz · 09-25-2011, 12:28 PM

When I read the terms, it states cannot be combined with any other discounts.
Well through work I get employee discount pricing, which is equal to the max I could put towards a camaro.
So it would be pointless for me.

kiteman · 09-25-2011, 02:34 PM

it's probably not worth it right now if you're in the market for a camaro, since you would have to spend a lot to get any back...and then the question of "why didn't you just spent the money on the car instead of the card" would pop up.

the only thing i don't like about the card is that you may not want to buy a GM in 5+ years...

CHEAPHP · 11-30-2011, 04:17 PM

I have points to sell if anyone is interested. Under old plan so no restrictions. Have used twice before for my Suburban and a car my sister bought. Never sold them though which is what I need to do this time. Have $3400 roughly and would like to get $2200 for them. Let me know if interested or if you have any experience to share on how this would work.

09-24-2011, 07:06 AM	#86
PatsRS Drives: 2012 45th Anniversary Edition Join Date: Aug 2010 Location: North West NJ Posts: 890 View My Garage	Traded up today another 823 dollars saved! __________________ 2012 45th Anniversary Edition 2LT Auto with Sunroof 2014 Acadia Denali 2012 Chevy Cruze RS GM ALL THE WAY!

09-24-2011, 09:43 AM	#88
Sam The Plumber Drives: 2012 Black 2SS/RS Auto Join Date: Jun 2011 Location: New Jersey Posts: 44	i got rid of the gm card after they started limiting the earnings you could use. ive had the card since 2004. when i bought my latest camaro they only let me use 1000 of my 3500 points. if cars are selling well gm will only allow minimum earnings to be used on that vehicle. i got the chase freedom card and i am much happier. __________________

09-24-2011, 12:00 PM	#92
WHITEOUT Drives: 11 SW 2SS/RS M6, 69 RS/SS396 M20 Join Date: Sep 2011 Location: NE Florida Posts: 31	Yes, it is worth it!! Back in July, I had +/-$1,500.00 in GM Card Earnings and I received notice from GM that they were going to double my Earnings to $3,000.00 off of ANY GM vehicle, no matter what the current redemption limits were. I had been waiting and waiting and waiting on the right time to buy my next Camaro and that was now the time. Now in addition, I also had another $1,000.00 discount available to me because we owned a 09 Pontiac and GM had this "Loyalty" type of discount available as well. So to make the story short, these two discounts combined gave me an additional $4,000.00 discount off of the best price I could negotiate, which was over more than $2,000.00 off MSRP. Bottom line, a $40,000.00 2011 Camaro for $34,000.00 plus tax, etc. Yes, the GM CARD IS WORTH IT! Also, they continuously do this "double your earnings" deal. Since I have had my GM Card, which has been over 10 years, I have redeemed more than $12,000.00 in earning towards the purchase of new GM vehicles. If you have a credit card, and almost everyone does, why not go GM Card?? It is one of the best reward cards there is as far as I am concerned. That is my $.02. __________________ 2011 2SS/RS M6 Summit White w/Silver Rally Stripes 1969 RS/SS396 M20 Garnet Red w/White Hockey Stripes 2006 LT Silverado Crew VortecMax HO6.0 (Daily Driver)

09-25-2011, 01:55 AM	#95
Sirwestofash Drives: afeafeafeafaefae Join Date: Sep 2011 Location: ageagea Posts: 452 View My Garage	There are different types of GM cards which is the best? __________________

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09-24-2011, 01:36 AM	#85
cwahl Drives: 2011 Camaro SS1 RS M6 Join Date: Sep 2011 Location: Scottsdale, Az Posts: 102	I saved 2K off my 2011 with my card. They are constantly changing the incentives based upon what card you have.

09-24-2011, 10:42 AM	#89
DarkneSS Account Suspended Drives: 2010 Camaro 2SS/RS 6MT Join Date: Apr 2010 Location: Westchester, New York Posts: 3,715	I got $2,000 off my 1Lt with my card. I'd say the Card is worth it if you were going to spend that money anyway.

09-24-2011, 10:58 AM	#91
snizzle Recalled user Drives: '12 Camaro SS, '18 Colorado Z71 Join Date: Mar 2009 Location: Richmond, VA Posts: 3,536	I've been getting top off flyers recently but they've all excluded 2012 MY Camaros (among other 2012s)

09-24-2011, 12:10 PM	#93
Andys562 Drives: Black 2011 2LT RS Join Date: Jan 2011 Location: Southern California Posts: 629	With a GM card, do you get discounts on Official GM products?

09-24-2011, 02:48 PM	#94
swagled Drives: Y2000 Olds Intrigue Join Date: Feb 2011 Location: NC Posts: 180	I think that's one flexibility for the current Card. The "old terms" were strictly for purchases. No special deals on GM parts, or leases.

09-25-2011, 12:28 PM	#96
rarrazz Drives: 01 gp gt Join Date: Aug 2009 Location: Eagle River, AK Posts: 31	When I read the terms, it states cannot be combined with any other discounts. Well through work I get employee discount pricing, which is equal to the max I could put towards a camaro. So it would be pointless for me.

09-25-2011, 02:34 PM	#97
kiteman Drives: 2012 45th Camaro, 2SS/M6 Join Date: Mar 2011 Location: At my computer Posts: 1,327	it's probably not worth it right now if you're in the market for a camaro, since you would have to spend a lot to get any back...and then the question of "why didn't you just spent the money on the car instead of the card" would pop up. the only thing i don't like about the card is that you may not want to buy a GM in 5+ years...

11-30-2011, 04:17 PM	#98
CHEAPHP Drives: 2003 Suburban ; 1998 Trans Am Vert Join Date: May 2009 Location: Rockford, il Posts: 12	I have points to sell if anyone is interested. Under old plan so no restrictions. Have used twice before for my Suburban and a car my sister bought. Never sold them though which is what I need to do this time. Have $3400 roughly and would like to get $2200 for them. Let me know if interested or if you have any experience to share on how this would work.