GM Beefs Up Rewards on Credit Card

DETROIT — A new GM credit card from Capital One offers consumers 5 percent earnings toward the purchase or lease of a new GM vehicle, up to $5,000 in purchases annually. After that, users earn 2 percent on remaining purchases.

The card has no annual fee, no limit on rewards consumers can accumulate and the rewards don't expire, GM said.

"We have set a new standard in this category and are providing a better solution for consumers to plan for and save toward their next new Chevrolet, Buick, GMC or Cadillac vehicle," said Bill Cilluffo, executive vice president of card partnerships at Capital One.

The new GM Card from Capital One is available immediately. The existing Capital One card caps earnings at $500 a year. In addition, the points expire.

This is the latest announcement in a string of new GM sales promotions.

Last week, GM enhanced discounts for members of the military. The improved GM Military Discount Program features an increased discount for greater savings, offering an invoice model and options price below the suggested retail price plus destination fees and a $150 program fee for eligible vehicles.

GM also rolled out a new employee-pricing program recently.

Under the new program, employees, retirees and family can buy any 2013-'14 GM vehicle other than the Chevrolet Corvette Stingray for 4 percent less than invoice price, plus a $150 program fee. Under the previous version of the program, discounts varied by model.

GM says the discount price "is now one easy number."

Edmunds says: GM's new sales promotions are good news for consumers.