GM Card
May 31, 2005, 2:00 pm
#1
Original Poster
Join Date: Jan 2005
Location: Cleveland, OH
Programs: hoarding miles
Posts: 1,561
GM Card
My wife has a GM Card from before we got married, and she still has some points left on it. Is there any way to transfer those points to something we'll actually use? (no offense to GM...allright maybe some offense). It looks like the only way to use them is to buy a GM car, but I thought maybe there is a loophole I don't know about.
May 31, 2005, 8:43 pm
#2
Join Date: Apr 2004
Location: DCA/IAD
Programs: AA Gold, Amex Plat
Posts: 4,007
I'm not aware of any way to transfer GM card points.
But if you and/or your wife travel abroad with any frequency, the card will be very useful. It's issued by Household Bank (HSBC) which is one of the few banks that still charges only a 1% foreign exchange fee. Most of the major card issuers assess a 3% fee for all purchases made in another currency, so you can save a considerable amount by using the GM card when you go out of the country.
But if you and/or your wife travel abroad with any frequency, the card will be very useful. It's issued by Household Bank (HSBC) which is one of the few banks that still charges only a 1% foreign exchange fee. Most of the major card issuers assess a 3% fee for all purchases made in another currency, so you can save a considerable amount by using the GM card when you go out of the country.
Jun 1, 2005, 8:26 am
#4
Join Date: Mar 2002
Location: Vancouver, BC
Posts: 454
Originally Posted by JerryGuitar
My wife has a GM Card from before we got married, and she still has some points left on it. Is there any way to transfer those points to something we'll actually use?
Jun 9, 2005, 12:05 am
#5
Join Date: Mar 2005
Location: PA
Posts: 127
Originally Posted by Duckman
I believe there is a process where you can let a friend use your GM points to buy a car. It would need to be a close, trusted friend, because you have to get an additional card issued in their name (at least temporarily) in order for them to redeem your GM points.
Jun 9, 2005, 2:28 pm
#6
Join Date: Mar 2002
Location: Vancouver, BC
Posts: 454
Originally Posted by davesdog
I never knew this, I just assumed it had to be someone in your household. My points will soon have a home !!
Please report back on your experience with this, either on this thread, or via PM if you prefer. I and perhaps others are interested in using this approach...
Jun 19, 2005, 5:29 pm
#10
Join Date: Jan 2003
Location: FLL
Programs: delta pm, aa exp, hilton diamond
Posts: 411
Originally Posted by zz7777zz
I have been using the GM card for about 10 years now. I buy 2 or 3 GM's per year. So far I have used about $15,000.00 in GM/MC rebate cash. That is equal to a free car!
How are you able to us $15,000 over 10 years? I have the original gold card and they cap me at $500.00 a year. Which card do you have?
Jun 20, 2005, 9:56 am
#11
Join Date: Mar 2000
Location: Bronx, NY, USA
Programs: UA Premier Executive, Hilton Gold
Posts: 58
The original gold GM card allowed up to $1000 a year - later reduced to $500 a year. Six year ago when we bought a Malibu we were able to save almost $6400 on it because of the GM card. Also it originally had partners that matched the 5% credit making it 10% (Mobil was one such partner). Balance transfers also counted toward the annual $1000 limit. Annual fee also was rebated when you redeem. Great card!
Jun 20, 2005, 10:41 am
#12
FlyerTalk Evangelist
Join Date: Dec 2003
Location: USA
Programs: UA Platinum, 1MM
Posts: 13,462
The cap that was put in place awhile ago really diminished the value. My family has used it to reduce the purchase price of a Chevrolete Tahoe and Silverado. Not what I would have chosen, but it's not my moolah!
Jun 20, 2005, 2:18 pm
#13
Join Date: Mar 2002
Location: Vancouver, BC
Posts: 454
Originally Posted by CApreppie
The cap that was put in place awhile ago really diminished the value.
I got the GM Platinum Card in late 2004, and there is NO annual cap on earnings. Earnings are valid for 7 years, and then they expire (so my 04 earnings are good til 2011, 05 til 2012 etc).
Redemption allowances range from $1,000-3,500 depending on model. http://www.gmcard.com/GMCard/apply/r...allowances.jsp
Nothing like the $6,400 that hernande got off a Malibu, but its something.
Jun 28, 2005, 4:11 pm
#15
Join Date: Mar 2005
Location: PA
Posts: 127
Originally Posted by Duckman
Davesdog-
Please report back on your experience with this, either on this thread, or via PM if you prefer. I and perhaps others are interested in using this approach...
Please report back on your experience with this, either on this thread, or via PM if you prefer. I and perhaps others are interested in using this approach...