GM Card

UPDATED; see last para. This is NOT a card for people who have trouble clearing their balance monthly. The retail rate is 19.9% which can easily bettered elsewhere on many other cards. However, if you always clear your balance and you are after a new Vauxhall then this is the card for ALL of your spending. It gives £3 for every £100 spent off a new car, currently up to a maximum of £2500 discount. I opened one as soon as they came onto the market some years back and have had discount off 3 cars, amounting to ~£5000 and I've never paid them (GM card) a penny. As well as substantial discount off new cars the card also gives smaller ...  Read the complete review

Do you want to save a lot of money on your next car? I did, and at the end of last year saved £4000 off my new car - on top of the discount negotiated with the dealer. Even though UK prices are probably still higher than Europe, it meant I didn't need to leave the UK to get a bargain. I managed to buy a car in the UK and get all the benefits with going through my local dealer. How did I do this? By having a GM visa card and using it for most of my purchases. So how does it work? The GM visa now gives you 3% back towards any new Vauxhall car - a maximum of £2,500 can be saved over 5 years. You get 3 rebate points for every £100 spent on the ...  Read the complete review

I have a dire warning to any of you out there who enjoy entering competitions – be VERY careful if you’re stopped in the street by a market researcher with a clipboard asking you to ‘enter a competition’. I’ll share my story with you….. My parents, both in their seventies, started to get junk mail regarding a GM card. What made warning bells sound was that the letters were addressed to my father but at the house two doors away. At least junk mail usually has the correct address on it. Then a letter arrived enclosing my father’s credit card, which he had not requested, and giving him a credit limit of ...  Read the complete review

For APRIL update, please see end of Review UPDATE February 2002 I have decided to include the reason for why I have down-rated this product from 5 stars to 2 stars at the beginning, leaving the original (Crowned) opinion below largely unaltered. There have been previously unannounced and damaging changes to the GM card Conditions of Use to take effect from 1st February 2002 that reduce substantially the advantages that the credit card had previously. The major change is the limit of the discount that you can get. The limit is now £1,000 for a Corsa/Agila/Frontera/VX220 and vans; £1250 for Astras and Zafiras; £1500 for a Vectra; and £2,500 for ...  Read the complete review

The GM Card, like the Goldfish card, is issued by the HFC Bank. There is only one choice of design, and it is only available as a Visa card. The APR on balance transfers from other credit cards for the first six months is an excellent 4.9%, however after that it rises to the same APR as for purchases - 19.9%. APR on cash withdrawals is a staggering 21.8%, and is associated with the usual credit card handling fee for cash withdrawals. The real benefit with the GM Card is that it offers the highest reward rate of any credit card issuer - 3% on purchases made using the card (for every 100 pounds you spend, you get 3 rebate points). While this sounds great, this has ...  Read the complete review