If you plan on buying a new GM car, from Chevy, Buick, GMC, or Cadillac, there’s only one rewards card for you. While some rewards card effectively have 5% bonus categories, like Citi Forward with restaurants, books, music & movies, and Amex Blue Cash with gas & groceries, the newest version of the GM card gets you 5% back on EVERYTHING – towards a new GM car.
The GM Card has a new version that gives you unlimited 5% earnings on your credit card towards new car purchases. The second, older version of the GM Card, gives you 3% towards new car purchases or the option of taking 1% cash back. The only obstacle to consider is the vehicle redemption limits, which ranges from $1,000 on most passenger cars to $3,000 for bigger trucks.
So, 5x your rewards. Get $1,000 off, for each $20,000 you spend, instead of earning $200 with your run of the mill 1% cash back card.