GM BuyPower Enterprise Card from Capital One Evaluation

Vital

The GM BuyPower Credit score Card is now not out there.

The GM BuyPower Enterprise Card from Capital One® is just not one among our prime rated enterprise bank cards. You may evaluation our listing of the most effective enterprise bank cards for what we expect are higher choices.

Full Evaluation of GM BuyPower Enterprise Card from Capital One

desk of contents

Develop

• Professionals Defined

• Cons Defined

• Who This Card Is Finest For

• Rewards Incomes Particulars

• Rewards Redemption Particulars

• The way to Maximize Your Rewards

• Excellent Advantages

• Commonplace Advantages

• Cardholder Expertise

• Safety Options

• Our Verdict

Professionals

• Excessive rewards fee on GM service and equipment

• Introductory 0% APR on purchases

Cons

• Just one choice to redeem rewards

Professionals Defined

• Excessive Rewards Fee on GM Service and Equipment: In case you personal a fleet of GM autos—Chevrolet, Buick, GMC, and Cadillac—you seemingly spend a large quantity to keep up and restore these autos. This card primarily returns 5% of such expenditures made at GM dealerships to you in an effort to assist you to purchase extra GM autos. It might be tough to seek out higher rewards on automobile bills, particularly for those who additionally benefit from the cardboard’s 3% earnings on gasoline. Nevertheless, incomes a web monetary achieve from the 5% bonus fee assumes that it is sensible in your firm to keep up your GM fleet at GM dealerships, moderately than unbiased upkeep outlets, and to switch your present GM autos with additional GM ones. 
• Introductory 0% APR on Purchases: The GM BuyPower Enterprise card affords a 0% APR on all purchases for the primary 12 months after opening an account. That’s an unusually beneficiant provide for a card with no annual charge, and will enable a enterprise some welcome respiratory room to juggle payables made to the cardboard with out having to pay curiosity expenses.

Cons Defined

• Solely One Choice to Redeem Rewards: You may redeem your rewards and bonus earnings on this card in just one method: Making use of them to the acquisition of a brand new GM automobile; used autos, for instance, are ineligible even when purchased from the automaker. In contrast, different enterprise bank cards sometimes help you redeem your rewards in ways in which vary from assertion credit and present playing cards to airfare and merchandise. Be aware, nonetheless, that cardholders could use rewards not solely to purchase autos for the enterprise however for private use, and even for the usage of fast members of the family. You can even mix the cardboard’s rewards with the GM School Low cost, GM Navy Low cost, GM First Responder Low cost, or GM Educator Low cost to additional decrease your price.

Who This Card Is Finest For

With its greatest earnings on automotive upkeep and fuel bills, and its solely redemption choice to assist purchase a brand new GM automobile, the GM BuyPower Enterprise card from Capital One most closely fits enterprise house owners who preserve a fleet of GM autos and intend to purchase extra of them, whether or not for work or private use.

The cardboard’s enchantment additionally will increase for a fleetholder who seeks a break on cash-flow for the 12 months after they obtain the cardboard. The 0% APR provide means that you can carry all or any purchases in that interval with out paying curiosity. 

Rewards Incomes Particulars

With this card, you’ll get: 

• 5% earnings on purchases of GM elements, equipment, and repair at approved GM sellers
• 3% earnings on purchases at fuel stations, eating places, and workplace provide shops
• 1% earnings on all different purchases

There’s no restrict to how a lot you possibly can earn with the cardboard, and rewards by no means expire so long as your account is open. 

Rewards Redemption Particulars

The GM BuyPower Enterprise card affords just one strategy to redeem your rewards: to use them in direction of shopping for a brand new GM automobile. 

To redeem your rewards, you’d go to a certified GM dealership and choose a brand new Buick, Cadillac, or GMC automobile. You’re employed with the vendor to agree on a value, then deduct from the worth earnings you’ve got in your GM BuyPower Enterprise card. 

The way to Maximize Your Rewards

To get essentially the most worth out of your card, use it to handle and preserve your fleet of GM autos at approved GM sellers. You’ll get 5% in earnings on elements, service, and equipment at approved GM sellers. You possibly can additionally use the cardboard to earn 3% earnings on purchases at fuel stations, eating places, and office-supply shops, and even to earn 1% money again on all different purchases, assuming you don’t have any higher choice for these miscellaneous purchases.

To make sure you’re getting all of the rewards doable from proudly owning this card, contemplate getting extra playing cards for any or your whole workers who make purchases for the enterprise, particularly in the event that they’re for fuel or made at GM dealerships. As much as 99 extra playing cards could be distributed for a similar account and, as with most enterprise playing cards, there’s no extra cost for issuing every.   

To exhibit how rewards can add up, let’s say you personal a contracting enterprise and have a fleet of 10 autos. 

In response to AAA, it prices $942 per 12 months to keep up and restore the common new automobile. With 10 autos, which means you’d spend $9,420 on upkeep alone. Assuming you acquire your whole elements and repair at approved GM sellers, and so earned 5% on these expenditures, you’d get $471 in rewards. 

Because it prices $2,094 per 12 months, on common, to gasoline a automobile, you may simply spend an extra $20,940 yearly to cowl your fleet’s gasoline. With the three% rewards fee for purchases at fuel stations, these fuel expenditures would contribute an extra $628.20 in earnings. 

An extra $5,000 per 12 months on different purchases, on the default 1% rewards fee, would contribute an additional $50 to your annual rewards. 

All advised, this situation includes spending $35,360 and incomes $1,149.20 in rewards. The value of a brand new 2020 Chevrolet Silverado 2500HD begins at $34,100. In case you utilized your annual rewards to purchasing that automobile, you’d drop the worth to $32,950.80. 

The GM BuyPower Enterprise Card’s Excellent Advantages

Standout extras you get with the GM BuyPower Enterprise card embrace: 

• Mastercard 24/7 Concierge: Converse with a concierge 24 hours a day at no cost to get help.
• Misplaced Baggage Insurance coverage: Pays as much as $1,500 a declare and a pair of claims per 12 months.
• Free Shoprunner membership: This profit entitles you to free two-day delivery and free return delivery on purchases from greater than 140 on-line shops.
• Mastercard Simple Financial savings: Use your card at eligible retailers and rebates will likely be utilized to your month-to-month assertion. For instance, you may get 5% in rebates for those who hire a automotive by way of Avis. 

Different enterprise bank cards provide related advantages, however lots of them have annual charges. Having the ability to take pleasure in these advantages with out paying a yearly charge is a major benefit. 

Commonplace Advantages

• Prolonged guarantee safety
• Buy safety
• Identification theft decision providers
• Occasions and experiences: Cardmembers get unique entry to occasions and experiences corresponding to spa providers, golf outings, and superstar meet-and-greets. 
• Mastercard Journey Providers: Use your card to guide your journey and luxuriate in free advantages, upgrades, VIP standing, and complementary journey planning. 
• Journey safety: The cardboard consists of emergency journey help providers and journey accident insurance coverage
• Automobile rental insurance coverage: secondary to your private auto insurance coverage 

Cardholder Expertise

Whereas this card is a branded card from GM, it’s serviced by Capital One. That’s a superb factor; Capital One is well-known for its glorious customer support. J.D. Energy ranked CapitalOne fourth out of eight nationwide card issuers within the 2020 U.S. Small Enterprise Credit score Card Satisfaction Examine. CapitalOne earned a rating that was a bit greater than the common.

You may attain buyer assist with questions on your account by way of safe electronic mail or by calling 1-800-867-0904. 

Safety Options

This card has some normal options which can be typical of enterprise bank cards, together with zero legal responsibility safety and fraud alerts.

Our Verdict

In case you personal a fleet of GM autos and sometimes go to approved GM sellers for elements and repair, the GM BuyPower Enterprise card could also be a wise addition to your pockets. You’ll earn as much as 5% in rewards on elements, equipment and repair, and you’ll redeem your rewards whenever you buy a brand new GM automobile. With no annual charge, there’s no price to utilizing this card. And you may even take pleasure in an preliminary 12 months of carrying purchases with no curiosity expenses, because of the cardboard’s 12-month 0% APR provide.

However, aside from that no-interest interval, the cardboard actually affords nothing if shopping for a brand new GM automobile is just not in your future, since there’s no different strategy to take pleasure in its rewards than to make such a purchase order. For a substitute for assist cut back the prices of sustaining a fleet, look to enterprise playing cards that haven’t any annual charge, beneficiant rewards on fuel purchases, and versatile redemption choices. One instance is Chase’s Ink Enterprise Money which has no annual charge and affords 2% money again on as much as $25,000 of fuel and restaurant purchases per 12 months.