3 years ago I opened a GM Visa Card. The reason was simple! One day I will go and purchase a car. I was told that the GM card is the only VISA card in Canada
that lets me accumulate GM card earnings towards the total purchase price or lease down payment on ANY new GM vehicle. Also they told if they will change the
rules - it would be better for customers...
So far I could accumulate $500.00 per year (5%) from my yearly spending.
Also it was maximum to use towards new vehicle ($3,500.00) ANY VEHICLE!!!
Also they sent me a letter to use my points with 0% financing on top of that, during GM's Holiday Ring In And WIN event. But the best they wrote in the letter was: "and remember, your earnings come off AFTER you've negotiated the lowest possible total purchase price".
My plan was to wait until I will have full $3,500.00 savings.
Wait for the best time so I can get the best price after negotiations, then use my full credits ($3,500.00)
But I never was planning to buy cadillac or corvette... My goal was to buy SUV or
Mini Van.
Now, they changed the rules so they will tell you what kind of vehicle you can save from $1,500.00 to $3,500.00... Go and see www.gmcanada.com
They also changed the percentage for unlimited purchase (3%) just to cover up the rip-off they have done with limiting customers with freedom of choice.
Who cares if customers can earn 3% from money that they spend?
If you are poor, and you tried to buy the cheapest GM car after negotiations with your extra $3,500.00 on top of that... Now your dream is toast! Because for
that vehicle you will never receive from them your full savings!
Right now I call myself a stupid naive idiot! I could use the same spending on my Master Card towards Air Miles and today have over 1,500.00 points.
I never flu using these points, but at least I received a lot of products using
air miles points.
I did CANCEL my GM Visa Card with $1,500.00 saving points, and I promised
myself that I will NEVER buy any GM car as long as I live.
Robert
Calgary
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