As its debut in 1992, GM Card earns rewards for every dollar that is used on purchases of almost 7 million new GM vehicles, trucks, SUV's and other crossovers. If your credit history is excellent, you could possibly be eligible for a credit line on your card, while those with less than perfect credit scores may not. The interest rates, however, are usually higher than credit cards, so there is more of a risk for you to use it.
If you use the card wisely, then there is a great interest rate to be earned. If you use your card wisely by making purchases on the card that you can pay off at the end of the month, you'll pay significantly lower interest rates. In other words, if you make your payments on time, then the interest will be reduced, which will allow you to earn more points.
If you're unsure of how to use your card properly, you should talk to your credit card company about a plan or tutorial. They should provide you with information on how to use the card, tips on paying off outstanding balances on time, and information on earning additional points by making purchases on your card.
For those with poor credit, there are options available for GM Credit Cards to help improve your credit score. These include GM CareCredit, a new program that allows credit users to get a second line of credit at an approved lender, and GM SecureCredit, which allow users to apply for loans at banks. For those who don't qualify for the programs, there are still some other options available. You can also use the card to get an auto loan and you can use it to pay for home improvements.
With a good credit score, you may qualify for more perks, and these include getting cash back on gas purchases, free or discounted merchandise, access to an ATM machine and even access to special financing programs. But it's important that you use your GM card responsibly. You need to use it to make purchases, such as car payments, and not spend all of your money at one store.
If you find your GM card isn't . . . . . . working well for you, don't hesitate to switch companies. There are many others to choose from and it won't hurt to switch and see what happens. It could be that you will enjoy better benefits but find the same problems you had with your GM card. If this is the case, you can apply for another card and try again.