How Many GM Earnings Can You Use on a Vehicle?

The price of a new GM car can be reduced by using GM MasterCard earnings.

The General Motors MasterCard provides unlimited 5 percent earnings on credit card purchases. Earnings count toward the purchase of a new GM vehicle, up to that vehicle's allowable redemption amount.

Base Earnings Redemption Allowances

Base earnings redemption allowances vary from $1,000 to $3,000 on new 2011 GM vehicles, depending on make and model. For example, for most cars the allowance is $1,000, though for some Buick and Cadillac model cars, it is $1,500 or $2,000. SUVs and trucks vary from $1,000 to $2,000, and full-sized vans can have an allowance of $3,000. The GM Card's website provides a redemption allowance look-up.

Bonus Earnings

GM offers bonus opportunities to accrue earnings that are redeemed above and beyond the vehicle's redemption allowance. By making purchases online at participating merchants through the GM Card member bonus shop, cardholders can accrue both the regular earnings of five percent and bonus earnings as specified by the particular retailer. Bonus earnings can be added to the redemption allowance for the particular vehicle you are purchasing.

Expiration

Both regular earnings and bonus earnings are valid for seven years from the last day of the billing cycle in which they were earned.

References

• GM Card: FAQ
• GM Cardmember Bonus Shop
• GM Card: Redemption Allowance Lookup

Resources

• GM Card: About the Card