On the official website of the GM Flex Card (www.gmflexcard.com), you can access your GM credit card to manage your GM Flexible Earnings Card account or earnings. Get information about how to apply for GM Flexible Earnings Card and how to access for login.
GM Flex Card is one type of MasterCard automotive rebate rewards card which is issued by HSBC Bank Nevada N.A. People can save much from purchasing a new vehicle with the GM Flexible Earnings Card. This card is very attractive for people who are fond of GM vehicles. The Annual Percentage Rate may differ among applicants, depending on your credit worthiness, however the lowest standard APR is 13.74*% and may be as high as 18.65%*. The current APRs are 14.24%, 18.24%, and 21.24% as of 6/1/07. The average daily balance method (including new purchases) is used to calculate monthly balances.
The GM Flexible Earnings Card doesn’t charge any annual fee. The new GM Flexible Earnings Card allows customers to redeem Earnings for Cash Back in addition to GM Vehicle Rewards, giving them even more choice for rewards. New cardholders get a 0% APR on balance transfers for 12 months. There is a balance transfer fee of either 3% of the balance transfer (not less than $15.00). The GM Flexible Earnings card offers users an introductory APR of 0% for a full 12 months and 1% Earnings on every single credit card purchase.
With the GM Flexing Earnings Card, you can earn 1% rebate for every dollar that is used on the card. You can rebate your card in three ways. First, Cardholders can select to redeem rebates for the purchase or lease of a new (eligible) GM vehicle. If you decided to do this your rebate increased from 1% to 3%. Each eligible GM vehicle allows up to a certain maximum amount of rebates that can be redeemed for each model. Second way is to use the cash rebates to redeem for the purchase of a "new" non-GM vehicle. Non-GM vehicles are Saturn and Saab or you can simply redeem your cash rebates (at 1% rate).
There are three steps for online registration for GM Flexing Earnings Card. In first step you have to fill account information, your identification, create a username and password, security questions, email address, statement delivery preference, and your email/text alerts in the form. After that, click on ‘continue’ option and do as per instruction. Through online access, you can pay your bill, check your current earnings, view your account balance, statements and activity since last statement, transfer your balance even you can make a request to increase your credit limit. For all the above purpose, you have to do login in your account by entering username and password, then click on ‘login’ button. You have to do separate login for ‘Manage Your Earnings’ and ‘Manage Your Accounts’ options are available on the right of the homepage.
Benefits of GM Flex Card:
- No annual fee
- Additional cards at no extra cost
- A competitive interest rate
- A full 1% cash back option
- Triple your earnings to 3% toward an eligible, new GM vehicle
- GM perks, like discounts on GMAC Insurance
- A full 1% earnings toward any other new vehicle
- Balance Transfer Checks, convenience checks and cash advances
- No liability for unauthorized charges on your card*
- Automatic travel accident insurance for Card members
- 0% introductory APR for 12 months (on balance transfers)
Table showing Cost/Fees/Interest rates of GM Flexible Earnings Card:
|GM Flexible Earnings Card|
|Introductory rate||0% apr on balance transfer for through first 12 billing cycles|
|Annual Fees||No annual fee|
|Purchase APR||As of 6/1/07, the current APRs are14.24%, 18.24%, 21.24%|
|Balance Transfer APR||As of 6/1/07, the current APRs are14.24%, 18.24%, 21.24%|
|Cash Advance APR||Prime rate plus 15.4%|
|Penalty/Default Rate||Prime Rate plus 21.99%|
|Min Finance Charge||$1.00|
|Grace Period||20 days|
|Balance Calculation Method||Average Daily Balance (including new purchases)|
|Balance Transfer Fee||3% min $15.00|
|Cash Advance fee||3% min $15.00|
|Foreign Currency Conversion fee||3%|
|Late Payment fee||$19.00 - up to $100.00|
$29.00 - $100.00-$1,000.00
$39.00 - more than $1000.00
Source : www.gmflexcard.com