BuyPower Card®
The Capital One Rewards Mastercard allows frequent shoppers to stock up on reward points from purchases made at the retail giant.
Card Summary
General Motors is an affiliate of the BuyPower Card. This card earns rewards which can be used to purchase a new GM car.
You earn 5% on your first $5,000 of purchases each year, then 2%. All other purchases are unlimited at 2%.
The BuyPower Card does not have an annual fee, balance transfer fee, or foreign transaction fees. However, a late fee might apply.
BuyPower Card's annual percentage rate is between 15.24% and 24.24%. Variable APR.
Card Summary - Cons
Rates and fees
Highlights
Your first $5,000 of purchases earns you 5%, and then every purchase thereafter gets you 2% unrestricted earnings.
To save money on your next Chevrolet, Buick or GMC, redeem your Earnings at any GM Dealer.
You can redeem Earnings for up to $250 each year in statement credits to be eligible to purchase certified service, parts and accessories or GM extras from your dealership.
All earnings must be used within the first 90 days after purchase. Your Earnings + Vehicle Offers = Total Potential Value. You can redeem your earnings whenever and wherever you are ready. You can redeem and earn as many points as you like towards a new GM car.
Enjoy no annual fees and World Elite Mastercard benefits.
Comparative Analysis with Other Cards
Capital One Quicksilver Cash Reward Credit Card and BuyPower Card
Annual Fee: There is no annual fee for the card.
Reward: You can earn 5% for every $5,000 that you spend with the BuyPower Card, as well as 2% on any purchases thereafter, without limits. Capital One Quicksilver Rewards Credit Card rewards program offers 1.5% cashback on all purchases without limits.
No sign-up bonus for the BuyPower Card Capital One Quicksilver Cash Reward Credit Card offers a $200 bonus cash after you have spent $500 within three months of account opening.
Benefits: BuyPower Card Cardholders get a trip cancellation insurance waiver, price protection, and one year extended warranty coverage for most purchases made with the card. The Capital One Quicksilver cash rewards credit card benefits include rental car collision damage waivers, zero liability coverage and extended warranty coverage. There are also travel upgrades, savings and no foreign transaction fees.
Chase Freedom Flex vs. Chase Power Card
Annual Fee: There is no annual fee for the card.
Reward: You can earn 5% for purchases above $5,000 each year with the BuyPower Card, as well as 2% on any purchases thereafter, without limits. Chase Ultimate Rewards earns you 5%, 3% at restaurants and drugstores and 1% for all purchases made with Chase Freedom Flex.
Sign up bonus: The BuyPower Card doesn't offer any sign-up bonuses. After you have spent $500 in the first three months of account opening, you will receive a $200 bonus. Earn 5% Cash Back on Groceries (not Target, Walmart) on purchases up to $12,000 in your first year.
Benefits: BuyPower Card Cardholders get a trip cancellation insurance waiver, a rental car collision coverage waiver, price protection, and extended warranty coverage for most purchases made with the card.
The Chase Freedom Flex card offers zero liability, purchase protection and extended warranties coverage.
Conclusion
Note: Credit Card summary is for informational purposes only and is not an endorsement of the product. Products and services described are offered by third parties and not Bright Money or its partner banks. Bright Money strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider, or specific product’s site and the information has not been reviewed or provided by the issuer of the product before publication.
