» This article is out of date
For more up-to-date information, see our review of the BuyPower Card from Capital One®.
The BuyPower Card from Capital One® just got an upgrade, and now it’s an even better deal for anyone looking to buy or lease a Chevy, Buick, GMC or Cadillac. It already had an awesome rewards rate, but now it earns unlimited rewards, has no expiration dates, and comes with some pretty cool perks. We’ll break down the card and explain why it’s a good value for anyone looking to buy a GM vehicle.
Basics of the BuyPower Card from Capital One®
The BuyPower Card from Capital One® gives 5% earnings on the first $5,000 spent annually and 2% thereafter, earnings that can be used toward the lease or purchase of a new Chevrolet, GMC, Cadillac or Buick vehicle. Its annual fee is $0, and it has no foreign transaction fee. And unlike its previous iteration, this card has no limits on how much you can earn and no expiration on your rewards.
Perhaps most excitingly, the BuyPower Card from Capital One® is a World Elite MasterCard, which means you’ll get perks like complimentary upgrades on airlines, trip cancellation insurance, an airport concierge and more.
Is the card a good value?
If you’re planning on buying or leasing a new GM car, it could be. Plus, the BuyPower Card from Capital One® has no foreign transaction fee, so it’s good for use overseas.
Even if you’re not looking for a new car, here are a few more reasons you might want to get the card:
- You’re traveling on one of the following airlines: Aer Lingus, LAN, AeroMexico, Eithad, Asiana Airlines, Lufthansa, Qatar Airways, Thai Airways and Virgin Atlantic. WEM status gives you bonuses like free companion tickets, free business class upgrades and discounts of up to 20%.
- You park at airports. You’ll get 15% off Park ‘N Fly parking.
- You’re traveling to one of MasterCard’s Priceless Cities. These offer destination-specific perks like 40% off your second night at Westin hotels or a VIP shopping experience at Saks Fifth Avenue.