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EllwynX · 11-09-2007, 06:15 PM

The current (new) GMCard goes by dollar amounts earned. There were some differences with the older GMCard as mentioned.

I used to have one a few years ago, cancelled it, and now have a new one.

I have just over $400 toward a new car at the moment.

Is it worth it? Yeah if you're someone that's going to totally pay the card off every month. Unfortunately I don't. So I've really paid them more in interest (cause the GMCard has a ridiculous interest rate) than I've earned.

I don't understand WHY the GMCard has such a high interest vs. other Mastercards. I'll probably cancel it after I've redeemed my $.

11-09-2007, 06:15 PM	#16
EllwynX Drives: 2010 Camaro SS Join Date: May 2006 Location: Southern NJ Posts: 2,259	The current (new) GMCard goes by dollar amounts earned. There were some differences with the older GMCard as mentioned. I used to have one a few years ago, cancelled it, and now have a new one. I have just over $400 toward a new car at the moment. Is it worth it? Yeah if you're someone that's going to totally pay the card off every month. Unfortunately I don't. So I've really paid them more in interest (cause the GMCard has a ridiculous interest rate) than I've earned. I don't understand WHY the GMCard has such a high interest vs. other Mastercards. I'll probably cancel it after I've redeemed my $.