GM MasterCard

0% Intro APR No Annual Fee Online Balance Transfers Online Account Management 5% Earnings

GM MasterCard 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 the GM MasterCard, 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, the GM MasterCard 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.