GM Flexible Earnings Card

0% Introductory APR for 12 Months A Full 1% Cash Back Option A Full 1% Earnings toward Any Other New Vehicle Triple the Earnings to 3% toward an Eligible, New GM Vehicle

Review: The GM Flexible Earnings Card, issued by HSBC Bank Nevada, N.A., is designed for those who plan to purchase or lease a new GM car, truck, or SUV in the near future. 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. Therefore, those who plan to purchase or lease a new GM vehicle in the near future and will take advantage of the introductory offer will benefit most from what the GM Flexible Earnings Card has to offer.

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

Notes: The minimum APR for purchases varies according to the applicant's credit history and is either 11.99%, 16.99% or 18.99%. 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. No liability for unauthorized transactions. Emergency card replacement. Emergency cash replacement. Lost and stolen card reporting. See website for additional benefits.