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August 28, 2005 08:25 PM

Although rebates have no yearly limit, they do expire within seven years. Nevertheless, the card offers one of the highest rebates in comparison to other auto reward related cards.

The interest rate for purchases varies for this credit card, and only those with very good credit will qualify for the lowest rate offered. In addition, there are minimum caps on the APR for all transactions; so no matter how low the Prime Rate falls (the APRs are tied to the Prime Rate), the interest rates will not go below their minimum caps.

However, this card has no annual fee, an attractive 0% introductory rate for purchases and balance transfers for the first twelve months, and cardholders are provided with travel accident insurance and various online services.

Therefore, those who plan to pay in full each month after the introductory rate expires (to avoid finance charges) and plan to purchase or lease a GM card in the near future, or use the card at one of the participating merchants or retailers (to redeem rebates), will benefit most from what the GM MasterCard® has to offer.