GM Card members are entitled to receive $1,000 in bonus earnings with the purchase of a new Chevrolet, Buick or GMC vehicle throughout January and February, which can then be used toward the purchase price of the vehicle.
Capital One GM Card
This promotion, which kicked off this week, is open to customers who have been GM Card members since January 4th, 2021 or earlier. The $1,000 bonus earnings can be used toward the purchase or lease of eligible, new 2021 or 2020 model-year GM vehicles and can also be used in addition to applicable GM Rewards Cards program limits. The only vehicle that cannot be purchased with the $1,000 GM Card bonus earnings is the 2021 Corvette.
Let’s take a look at how this promotional deal would play out in the real world. The 2020 Chevrolet Equinox crossover is offered with a $5,500 cash allowance and the $1,000 GM Card bonus earnings, totaling savings of $6,500 over the vehicle’s MSRP. An Equinox in the LS trim level with FWD and the turbocharged 1.5L LYX four-cylinder engine starts at $27,495 including destination, so under this promotion, the customer could pay an MSRP of $21,000 before tax.
It’s a similar scenario with the 2020 Chevrolet Silverado LT Trail Boss, which is offered with $5,500 cash on the hood and $1,000 in bonus earnings under this January promotion. A Silverado LT Trail Boss with the 5.3L L84 V8 engine has a starting MSRP of $50,695 including destination. Under this deal, customers can expect to pay as little as $44,195 before tax.
This offer is not available with special financing and lease offers and cannot be combined with all other active GM promotions and deals. The $1,000 in bonus earnings also expire on March 1st, 2021, so customers looking to capitalize on this deal will want to act sooner rather than later. Customers can only receive one $1,000 bonus earnings payment per GM Card account, as well.
GM sold its captive credit card business to bank Goldman Sachs last year for $2.5 billion. The GM Card enables users to accumulate rewards points from their everyday purchases that can then be used toward the purchase of a new GM vehicle, service appointments or official GM accessories.
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Comments
Of course, Chevy dealers will also be discounting them as well.
I got that $1000 offer in the mail today, and the bonus offer jumps to $3000 on a Bolt
$3000 on a Bolt
I also received the $1000 (and $3k for bolt) bonus. Problem is, i already have 7k+ in earnings and I’m in the market for a suburban where the redemption limit is $3k (older platinum/copper card). Is that 1k bonus of any use to me? Back in the day when the called it “top-off” it used to essentially remove the redemption limit when you received a top-off.. I’m afraid this isn’t the case here.. which means the $1k doesn’t give me anything.. last year they gave me – different kind of incentive; an “increased redemption allowance” (for suburban a redemption allowance of $5k).. that would be more helpful in my case. Unless I have it wrong?
According to the mailer I received, the $1000 can be used on top of redemption limits.
You have it wrong. You can use the $1000 bonus plus the normal $3000 redemption limit for a total of $4000. Read all the fine print. It is pretty clear. I also answered this on GMinsidernews. Check back on there too.
Do your homework before going to auto dealers.Sales are slow but you can get a fair deal.Watch out for your trade offers.So far mine have been low .Nada,Black Book and KBB are a good reference.Look at them all.
I have used this $1000 perk the past and was able to go over my $3500 limit.
I have aBUY POWER CARD Iam I getting to use the $1000 bonus on a TRAVERSE lease?
IT’S Bull crap you can’t use all your earnings
Toward any vehicle!
i had a GM card several years ago and let it lapse. Can i apply for a new credit card to pay off my granddaughters college loan?
When will they offer the extra $1000 earnings again in 2021?
so is ten points on my scotia bank gm visa worth ten dollars off thee price of a new truck thank you