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The GM Flexible Earnings
Card, issued by HSBC Bank Nevada, N.A.
Through the reward program, cardholders have their choice of three ways to
redeem their rebates. They can triple their earnings and receive a 3% rebate
toward the purchase or lease of an eligible, new GM car, truck, or SUV; they can
receive a 1% rebate toward the purchase of a Saturn, Saab, or any other non-GM
vehicle; or they can receive a 1% cash rebate in increments of $100. There is no
limit to the amount of cash rebates that can be earned; however, the 3% rebate
that can be redeemed toward GM vehicles has various redemption limits based on
the model of the vehicle. Rebates expire in seven years.
The interest rate for purchases and balance transfers is reasonably low for
those who qualify, but it is important to note that there are minimum APR caps
for all transactions; so no matter how low the Prime Rate falls (the APRs are
tied to the Prime Rate), the interest rates will not go below their minimum
caps. However, this card has no annual fee and an attractive 0% introductory
rate for purchases and balance transfers for the first twelve months.
This card also provides common benefits such as various online services, lost
and stolen card reporting, and no liability for unauthorized transactions.
The GM Flex Card is great for anyone looking to possibly get a GM vehicle or a good all around credit card that can earn you cash back.
Review Date: May 1st, 2007 |
