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GM BuyPower Business Card from Capital One Review

overall rating
2.9

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Aimed at business owners who manage a fleet of vehicles, the GM BuyPower Business card from Capital One offers rewards you can use to purchase GM vehicles. The card has no annual fee or foreign-transaction charges, and also offers decent rewards on spending on gas, dining, and office supplies. There's also a 12-month 0% APR offer on new purchases.

BuyPower Business Card™

Overall Rating
2.9
BuyPower Business Card™
On Capital One's Secured Site.
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 16.99% variable
Annual Fee $0
Rewards Earning Rate 5% Earnings on purchases of GM parts, accessories and service at authorized GM Dealers. 3% Earnings on purchases at gas stations, restaurants and office supply stores. 1% Earnings on all other purchases.
INTRO PURCHASE APR 0% for 12 Months
Cash Advance APR (%) 24.9%
Cash Advance Fee Either $10 or 3% of the amount of each Cash Advance, whichever is greater.
how this card stacks up
When compared among all business cards in our database:
Rewards
Benefits
Low Fees
Security/Customer Experience
Low Interest
worst best

The GM BuyPower Business Card from Capital One® is not one of our top rated business credit cards. You can review our list of the best business credit cards for what we think are better options.

Full Review of GM BuyPower Business Card from Capital One

Pros
  • High rewards rate on GM service and accessories

  • Introductory 0% APR on purchases

Cons
  • Only one option to redeem rewards

Pros Explained

  • High Rewards Rate on GM Service and Accessories: If you own a fleet of GM vehicles—Chevrolet, Buick, GMC, and Cadillac—you likely spend a sizable amount to maintain and repair those vehicles. This card essentially returns 5% of such expenditures made at GM dealerships to you in order to help you buy more GM vehicles. It would be difficult to find better rewards on vehicle expenses, especially if you also take advantage of the card's 3% earnings on gasoline. However, earning a net financial gain from the 5% bonus rate assumes that it makes sense for your company to maintain your GM fleet at GM dealerships, rather than independent maintenance shops, and to replace your current GM vehicles with further GM ones. 
  • Introductory 0% APR on Purchases: The GM BuyPower Business card affords a 0% APR on all purchases for the first 12 months after opening an account. That’s an unusually generous offer for a card with no annual fee, and could allow a business some welcome breathing room to juggle payables made to the card without having to pay interest charges.

Cons Explained

  • Only One Option to Redeem Rewards: You can redeem your rewards and bonus earnings on this card in only one manner: Applying them to the purchase of a new GM vehicle; used vehicles, for example, are ineligible even when bought from the automaker. By contrast, other business credit cards typically allow you to redeem your rewards in ways that range from statement credits and gift cards to airfare and merchandise. Note, however, that cardholders may use rewards not only to buy vehicles for the business but for personal use, and even for the use of immediate family members. You can also combine the card’s rewards with the GM College Discount, GM Military Discount, GM First Responder Discount, or GM Educator Discount to further lower your cost.

This Card is Best For

  • Avatar for Cash Back Strategist Persona
    Seeks to maximize cash back earnings across spending categories
    Cash Back Strategist
  • Avatar for Business Owner Persona
    Earning a primary or side income from a small business
    Business Owner
  • Avatar for Driver/Commuter Persona
    Incurs gasoline or other commuting expenses each month
    Driver/Commuter

With its best earnings on automotive maintenance and gas expenses, and its only redemption option to help buy a new GM vehicle, the GM BuyPower Business card from Capital One best fits business owners who maintain a fleet of GM vehicles and intend to buy more of them, whether for work or personal use.

The card’s appeal also increases for a fleetholder who seeks a break on cash-flow for the year after they receive the card. The 0% APR offer allows you to carry any or all purchases in that period without paying interest. 

Rewards Earning Details

With this card, you’ll get: 

  • 5% earnings on purchases of GM parts, accessories, and service at authorized GM dealers
  • 3% earnings on purchases at gas stations, restaurants, and office supply stores
  • 1% earnings on all other purchases

There’s no limit to how much you can earn with the card, and rewards never expire as long as your account is open. 

Rewards Redemption Details

The GM BuyPower Business card offers only one way to redeem your rewards: to apply them towards buying a new GM vehicle. 

To redeem your rewards, you’d go to an authorized GM dealership and select a new Buick, Cadillac, or GMC vehicle. You work with the dealer to agree on a price, then deduct from the price earnings you have on your GM BuyPower Business card. 

How to Maximize Your Rewards

To get the most value from your card, use it to manage and maintain your fleet of GM vehicles at authorized GM dealers. You’ll get 5% in earnings on parts, service and accessories at authorized GM dealers. You could also use the card to earn 3% earnings on purchases at gas stations, restaurants, and office-supply stores, and even to earn 1% cash back on all other purchases, assuming you have no better option for those miscellaneous purchases.

To ensure you’re getting all the rewards possible from owning this card, consider getting additional cards for any or all of your employees who make purchases for the business, especially if they’re for gas or made at GM dealerships. Up to 99 additional cards can be distributed for the same account and, as with most business cards, there’s no additional charge for issuing each.   

To demonstrate how rewards can add up, let’s say you own a contracting business and have a fleet of 10 vehicles. 

According to AAA, it costs $1,186 per year to maintain and repair the average new vehicle. With 10 vehicles, that means you’d spend $11,860 on maintenance alone. Assuming you bought all of your parts and service at authorized GM dealers, and so earned 5% on those expenditures, you’d get $593 in rewards. 

Since it costs $1,500 per year, on average, to fuel a vehicle, you might easily spend an additional $15,000 annually to cover your fleet’s fuel. With the 3% rewards rate for purchases at gas stations, those gas expenditures would contribute an additional $450 in earnings. 

An additional $5,000 per year on other purchases, at the default 1% rewards rate, would contribute a further $50 to your annual rewards. 

All told, this scenario involves spending $31,850 and earning $1,093 in rewards. The price of a new 2020 Chevrolet Silverado 2500HD starts at $34,100. If you applied your annual rewards to buying that vehicle, you’d drop the price to $33,007. 

The GM BuyPower Business Card's Outstanding Benefits

Standout extras you get with the GM BuyPower Business card include: 

  • Mastercard Airport Concierge: With the Mastercard Airport concierge, you can have an agent escort you through the airport on departure, arrival or any connecting flights at over 450 destinations.
  • Rental home access: Book stays at luxury rental homes across the globe and get 10% off through One Fine Stay. 
  • Free Shoprunner membership: This benefit entitles you to free two-day shipping and free return shipping on purchases from more than 140 online stores.
  • Mastercard Easy Savings: Use your card at eligible retailers and rebates will be applied to your monthly statement. For example, you can get 5% in rebates if you rent a car through Avis. 

Other business credit cards offer similar benefits, but many of them have annual fees. Being able to enjoy these benefits without paying a yearly fee is a significant advantage. 

Standard Benefits

  • Extended warranty protection
  • Purchase protection
  • Identity theft resolution services
  • Events and experiences: Cardmembers get exclusive access to events and experiences such as spa services, golf outings, and celebrity meet-and-greets. 
  • Mastercard Travel Services: Use your card to book your trip and enjoy free benefits, upgrades, VIP status, and complementary travel planning. 
  • Travel protection: The card includes emergency travel assistance services and travel accident insurance
  • Car rental insurance (secondary to your personal auto insurance) 

Cardholder Experience

While this card is a branded card from GM, it is serviced by Capital One. That’s a good thing; Capital One is well known for its excellent customer service. In J.D. Power’s Credit Card Satisfaction Study, Capital One was third out of 11 national card issuers in customer satisfaction. 

You can reach customer support with questions about your account via secure email or by calling 1-800-446-5347. 

Security Features

This card has some standard features that are typical of business credit cards, including zero liability protection and fraud alerts.

Our Verdict

If you own a fleet of GM vehicles and typically visit authorized GM dealers for parts and service, the GM BuyPower Business card may be a smart addition to your wallet. You’ll earn up to 5% in rewards on parts, accessories and service, and you can redeem your rewards when you purchase a new GM vehicle. With no annual fee, there’s no cost to using this card. And you can even enjoy an initial year of carrying purchases with no interest charges, thanks to the card’s 12-month 0% APR offer.

But, except for that no-interest period, the card literally offers nothing if buying a new GM vehicle is not in your future, since there’s no other way to enjoy its rewards than to make such a purchase. For an alternative to help reduce the costs of maintaining a fleet, look to business cards that have no annual fee, generous rewards on gas purchases, and flexible redemption options. One example is Chase’s Ink Business Cash which has no annual fee and offers 2% cash back on up to $25,000 of gas purchases per year.

Apply Now
For BuyPower Business Card™
on Capital One's Secured Site.
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CURRENT CARD
BuyPower Business Card™
overall rating
2.9
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Good - Excellent
Regular APR (%) 16.99% variable
Annual Fee $0
Rewards Earning Rate 5% Earnings on purchases of GM parts, accessories and service at authorized GM Dealers. 3% Earnings on purchases at gas stations, restaurants and office supply stores. 1% Earnings on all other purchases.
Investopedia Credit Card Rating Methodology
Investopedia is committed to delivering the best credit card recommendations in the industry. We’ll tell you when a card is good, we’ll tell you when a card is bad, and we’ll only call a card the best if we would recommend it to our friends or family members.
Overall Star Rating Explained
To rate credit cards we objectively assess, score and weight nearly 100 individual card features which roll up into five major feature sets: fees, interest, rewards, benefits and security/customer service. Here’s how we weighted those feature sets for the overall star rating of a card:
We have applied our proprietary rating methodology to every generally-accepted credit card in the U.S. domestic market to allow consumers to make fully informed choices. It’s important to note that for our overall score that we make a number of assumptions about how you would be using your credit card:
  1. While we make no assumption as to whether balances are carried on a given card we do assign varying weights to all credit cards’ introductory APR (if present) in addition to the regular, long term purchase and balance transfer interest rates.
  2. We utilize BLS (U.S. Bureau of Labor Statistics) income and average category spending data to calculate annual earnings rates for rewards cards that offer cash back, points or miles rewards at a set rate on all spending or in consideration of bonus rewards for certain spending categories, like gasoline, groceries, restaurants or travel.
  3. We determine the maximum points value of rewards cards by dividing the points, cash back or miles required to exchange for the retail price of the most valuable redemption option (for example, in the case of a card that offers a domestic roundtrip airline ticket as a redemption option vs. another redemption option of lesser value that requires the same amount of points or miles to acquire, we would base the rewards value on the airline ticket).
  • Cards that are selected best overall in their respective categories generally feature most if not all of the following attributes:
  • Low or Reasonable Fees Credit card fees come in many forms but the primary ones involve those for annual card membership and balance transfer. There are a myriad of reward and non-reward card options that charge no annual fee but for the many that do assess an annual fee the cost is often justified by their lucrative ongoing rewards and initial signup bonuses. Balance transfer fees are occasionally waived during introductory periods with certain cards, a factor which is heavily and positively weighted in our scoring model for cards offering this benefit. When charged, balance transfer fees range between 3% - 5%, which we grade accordingly. Other standard fees can generally be avoided, such as those for paying late or taking cash advances but we rate those relative to other cards in the market for reference, though with less weight assigned
  • Competitive Interest Many cards offer 0% introductory APR on purchases and balance transfers for varying lengths and then revert to a permanent or regular APR (based on a variable rate tied to the prime rate) that applies to any balances not paid in full. We rate both introductory APR percentage and length (in months) along with the midpoint of the variable regular APR interest rate range.
  • Valuable Rewards Credit card reward programs can be based on cash back, points or travel rewards (which can be generic or travel partner-specific, as with airline and hotel co-brand card programs). For cards that offer rewards we determine the value per dollar spent along with average redemption values and assign more favorable ratings to cards that offer superior consumer value. We also assign value to sign-up bonus offers and their initial spending requirements, when present.
  • Excellent Benefits Credit card benefits cover a range of offerings like concierge service, TSA Pre-check, auto rental coverage, travel accident insurance, lost luggage assistance and free credit scores. We rate cards on the number and level of over a dozen standard and upscale benefits and provide extra weighting emphasis for those travel-related perks that apply to premium travel cards when present.
  • Solid Security/Customer Service Security and customer service features like lost or stolen card replacement, being able to lock one’s card from an issuer app and 24 hour customer support are becoming more standard across the card market and we provide a significant amount of weighting to features in this area.
  • You can also read the full version of our methodology for a more in-depth look at how we assess cards and award them the best in various categories.