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The GM Card credit card reviews

The GM Card credit card details and credit card application link.

The GM Card, issued by the Toronto-Dominion Bank, is a Visa card that gives you 3 percent in earnings when paying for all eligible purchases. By obtaining the card, you are automatically entitled to the benefits of the GM Card Earnings and Redemption Allowance Program at no extra charge. The earnings you accumulate with every purchase could be used towards the price or leasing of a General Motors vehicle. The GM Card not only comes without an annual fee but allows for an unlimited amount of GM Credit to be accumulated over the year. Once you have collected the needed amount of credit, you can cash it in at any time, purchasing a brand new Cadillac, GMC, SUV, Chevrolet or Buick. The Redemption Allowance, or the maximum amount of earnings you can use against the payment of a vehicle, is determined for each model at its introduction to the list of eligible vehicles and varies up to $3500.

Other benefits of the GM card are Common Carrier Travel Accident Insurance, with up to $150,000 coverage for your family and the opportunity to save up to 25 percent off, through the Avis and Budget Rent A Car Partner Rates. Optional travel medical and balance protection insurance are also featured with the card. For optimal convenience, you can take advantage of the Visa payWave technology, which lets you pay small amounts by only waving your card in front of a terminal, and chip enabled technology, guaranteeing your security through a personal identification number. The GM Card is accepted in more than 160 countries, and guarantees immediate, uninterrupted access to cash and 24-hour access to your account. It also allows you to cash any cheque in Canada if it is within your credit limit and under $2000 a day.

The total amount of earnings you have collected is stated in the monthly billing statements you receive from TD Canada, given there is activity on the respective account. Besides, you can take advantage of the GM Card Customer Center, available to answer inquiries about your record at any time. Earnings will expire if they are unused for a period of 7 years from the date they were earned. However, the expiration of earnings occurs on a month to month basis, that is, at the eight year, earnings from the first are replaced by those from the eighth, so that earnings for seven years are always sustained. In case the bank terminates your card agreement for not being in “Good Standing”, all you have accumulated up to that point expires; if GMCL cancels your participation in the programs, you are allowed 90 days to use the earnings.

If you prefer to apply for a regular cash back card, you can check the Capital One Cash Back Gold MasterCard. This product is an excellent choice for persons who do not carry a balance, have a household income of over $30,000, and prefer to earn cash back. The card goes with no annual fee and interest rate of 19.8 percent on cash advances, balance transfers, and purchases. Card holders earn up to 1 percent cash back when shopping and enjoy the multiple beneficial features of the card: Travel Accident Insurance, zero fraud liability, Car Rental Collision/ Loss Damage Waver, extended warranty, price protection, and others.

Credit Card Details
NameThe GM Card Apply Now
Interest Rate19.99%
Annual Fee$0
Cash BackNo
Low InterestNo
Auto and GasNo
Instant ApprovalNo
Balance TransferNo
US DollarNo
No Annual FeeYes