Over 110 UK credit cards independently reviewed by Fiscus Credit Cards
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Platinum from GM
This card was last reviewed on Wednesday, 15 March 2006.
| Overall Rating: |
 |
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| Issued By: |
GM |
| Card: |
Platinum |
| Network: |
MasterCard |
| Category: |
Rewards |
| Acceptance: |
 |
| Insurance: |
Travel Accident |
| Service: |
24 hour telephone line. Online account management. |
| Comments: |
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| Pitch: |
"" |
| Typical APR: |
14.9% |
| Interest Free Days: |
56 |
| Minimum Repayment: |
- |
| Annual Fee: |
No annual fee. |
| APR: |
0% interest |
| Period: |
5 months |
| Charges: |
2% of the amount of each Balance Transfer (min £5, max £50). No fee in first 5 months |
| APR: |
0% APR |
| Period: |
5 months |
| Type: |
Reward points, members shop |
| Description: |
Using your GM Card for everyday purchases earns you Rebate Points, which can be redeemed as a saving of up to £2000 off a new Vauxhall or up to £2500 off a new Saab. |
| Reward Rate: |
3 |
| Period: |
- |
| Aimed At: |
People that are looking to buy a new Vauxhall or Saab car in the next few years, As with most reward cards we recommend you take this card if you clear your balance each month. |
| Review: |
Are you looking to buy a new Vauxhall within the next three years? Do you regularly spend large amounts of money on a credit card? Do you repay the balance in full most months? If you have answered yes to all the above questions, then the GM credit card could be a very attractive offer to consider. Whereas most rewards-based credit cards offer you a return of less than one pound for every £100 you spend, the GM card offers a generous rebate of up to 3%. However, while most cards give you a cashback deal or some form of loyalty bonus points, the GM Platinum card enables you to gain a substantial reduction on the purchase of a new Vauxhall. As a point of merit, Vauxhall accept the GM Card discount in addition to any other reductions on offer, not just a discount on the full retail price. The GM Platinum card is the only card in the UK with rewards points geared towards car purchases. However, as with any rewards scheme, the GM card requires heavy spending in order to make it worthwhile. To get a discount of £900 off a new Vauxhall, you would have to spend £10,000 each year on your GM card. If you spend these sums of money each year on a credit card, it is probable that you drive a more upmarket car. It would be interesting to see if other car manufacturers introduced similar cards. For example, a credit card which offered a cashback discount on a prestige car, such as a BMW or Mercedes, might be a particularly popular card for wealthier individuals that are likely to benefit from rewards schemes. This GM card is quite a specific product, so if you know you will be buying a Vauxhall, and you usually clear your balance in full, then this will obviously save you some money when you get round to buying your new car. For everyone else, there are much more attractive general rewards schemes, most notably on the American Express Blue credit card. |
| Verdict: |
- |
| Apply Online: |
Click here to apply for this Platinum from GM
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| Overall Rating: |
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