GM MasterCard®

0% Intro APR No Annual Fee Online Balance Transfers Online Account Management

Review: The GM MasterCard®, issued by HSBC Bank Nevada, N.A., is designed for those who plan to purchase or lease a GM car, truck, or SUV in the near future. Through the reward program, cardholders earn a 5% rebate toward the purchase or lease of an eligible, new GM car, truck, or SUV (excluding Saturn, Saab, and HUMMER H1). Although rebates have no yearly limit, they do expire within seven years. Nevertheless, this card offers one of the highest rebates of all the auto reward cards. The interest rate for purchases varies for this credit card, and only those with very good credit will qualify for the lowest rate offered. In addition, 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. Cardholders are also provided with travel accident insurance and various online services. Therefore, those who plan to pay in full each month after the introductory rate expires (to avoid finance charges) and plan to purchase or lease a GM vehicle in the near future will benefit most from what the GM MasterCard® has to offer.

Date of Review: 2006-04-08 00:00:00

Notes: The minimum APR for purchases varies according to the applicant's credit history and is either 10.99%, 15.99% or 17.99%. The minimum APR for cash advances is 20.99%. See website for complete terms and conditions of card usage and application disclosure.

Additional Perks: Various Internet account related services. Travel accident insurance. Lost and stolen card reporting. Emergency cash replacement. Emergency card replacement. Option to download account information directly into Microsoft Money™ and Quicken™. See website for additional benefits.