New GM Card from Capital One Helps Consumers
Earn Rewards Fast and Redeem Easily Toward a New Chevrolet, Buick,
GMC or Cadillac
Today, Capital One Financial Corporation (NYSE:COF) and General
Motors (NYSE:GM) along with MasterCard (NYSE:MA) announced a
multi-year extension of their co-brand card partnership and the
launch of the new GM Card from Capital One, a transformational new
product in the automotive rewards credit card category. This new
card delivers tremendous value and rich automotive rewards by
offering consumers 5 percent Earnings on their first $5,000 worth
of net card purchases annually and an unlimited 2 percent on all
other purchases.
Today, Capital One Financial Corporation
(NYSE: COF) and General Motors (NYSE: GM) along with MasterCard
(NYSE: MA) announced a multi-year extension of their co-brand card
partnership and the launch of the new GM Card from Capital One, a
transformational new product in the automotive rewards credit card
category. (Photo: Business Wire)
The new GM Card from Capital One comes with no annual fee and
offers no limits on the rewards consumers can accumulate and redeem
toward the purchase or lease of a new Chevrolet, Buick, GMC or
Cadillac vehicle. In addition, rewards don’t expire and as with all
other Capital One cards, there are no foreign transaction fees.
“We are very excited about the new GM Card from Capital One and
value the commitment of our strategic partners to offer
best-in-class products to our customers,” said Bill Cilluffo,
Executive Vice President, Card Partnerships at Capital One.
“Consumers told us they wanted a straightforward way to earn
greater benefits than their current auto rewards card. Together, in
partnership with General Motors, 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.”
Since its launch in 1992, GM Card Earnings have been redeemed
toward the purchase of nearly 7 million new GM cars, trucks, SUVs
and crossovers. With the launch of the new card consumers can
obtain and enjoy one of the richest automotive rewards credit cards
available today.
“Our customers have never had a better or bigger lineup of new
Chevrolet, Buick, GMC and Cadillac models to choose from to meet
their needs,” said Chuck Thomson, general manager, GM Retail Sales
and Marketing Support. “We are introducing 27 new or refreshed
cars, trucks and SUVs in 2013 and 2014 – an average of one per
month – and the new GM Card is the key for customers to put one in
their driveways.”
Features of the new GM Card from Capital One include:
- 5 percent Earnings on the first $5,000
of net card purchases every year and an unlimited 2 percent
earnings on all other purchases
- NO LIMITS on the amount of Earnings a
customer can accumulate
- NO EXPIRATION of Earnings
- NO LIMIT on the amount of Earnings that
can be redeemed toward the purchase or lease of a new Chevrolet,
Buick, GMC, Cadillac vehicle
- NO annual fee
- Access to World Elite MasterCard
benefits including Trip Cancellation Insurance, Emergency Card
Replacement, and MasterCard Travel Services™ --- a suite of travel
benefits including amenities, upgrades, VIP Status, premium travel
offers from best-in-class travel companies, and world-class travel
advisors available 24/7 to address cardholders’ specific interests
and provide complimentary travel planning.
The new GM Card, designed in collaboration with the General
Motors global design staff, features a vertical card design and is
available in five options including a universal design, as well as
four division card designs featuring Chevrolet, Buick, GMC and
Cadillac for consumers who take pride in their brand affinity.
Regardless of the design, customers can redeem their rewards toward
the purchase or lease of any Chevrolet, Buick, GMC or Cadillac
vehicle.
“Today's consumers are savvy and realize that it's smart to
leverage their spending while still saving money on major purchases
like a new automobile,” said personal finance expert Lynnette
Khalfani-Cox, founder of AskTheMoneyCoach.com. ”As a GM car
owner, I am excited about the great benefits that Capital One and
General Motors are delivering with this new card.”
Capital One’s continued partnership and extension of the
agreement with General Motors reinforces the company’s commitment
to building its credit card partnership business. To learn more
about the new GM Card from Capital One, visit www.gmcard.com
About Capital One
Capital One Financial Corporation (www.capitalone.com) is a
financial holding company whose subsidiaries, which include Capital
One, N.A., and Capital One Bank (USA), N.A., had $209.9 billion in
deposits and $296.5 billion in total assets as of June 30, 2013.
Headquartered in McLean, Virginia, Capital One offers a broad
spectrum of financial products and services to consumers, small
businesses and commercial clients through a variety of channels.
Capital One, N.A. has more than 900 branch locations primarily in
New York, New Jersey, Texas, Louisiana, Maryland, Virginia and the
District of Columbia. A Fortune 500 company, Capital One
trades on the New York Stock Exchange under the symbol "COF" and is
included in the S&P 100 index.
About General Motors Co.
General Motors Co. (NYSE:GM, TSX: GMM) and its partners produce
vehicles in 30 countries, and the company has leadership positions
in the world's largest and fastest-growing automotive markets. GM,
its subsidiaries and joint venture entities sell vehicles under the
Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Isuzu, Jiefang,
Opel, Vauxhall and Wuling brands. More information on the company
and its subsidiaries, including OnStar, a global leader in vehicle
safety, security and information services, can be found at
http://www.gm.com.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20131016005653/en/
Capital One Contact:Sukhi Sahni,
703-720-2390sukhi.sahni@capitalone.comorGeneral Motors
Contact:Ryndee Carney, 313-549-1524ryndee.carney@gm.com
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