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I have $2300 rebate on GM Card, I don't want a GM car, what to do?

Hi,

I have been using the GM Card for years. I have the original card that allows you to earn 5% rebate on all purchases, earn up to $500 per year, and use up to $2500 (I think, maybe $3500) towards a new car purchase.

We used it in 2001 when we bought an Olds Silhouette van. This was my first US car purchase. I previously owned two Camry's. I suspected at the time I was saving money up front (because of the rebate) that I'd have to pay later to maintain the car. This has turned out to be somewhat true: some of the dash lights are out, the driver's side seat heater is broken (was fixed once under warranty, now broken again), one of the rear side power window motors is broken. I haven't paid to fix these things so I'm not really out the money, but it's irritating. I've never had problems like these with my Camry's.

Anyway, because I didn't stop using the GM card I currently have a $2300 rebate. There is no way I'm buying another GM car. I've stopped using the GM card am now using a Citi rebate card.

Is there anything else I can do with the rebate?

I'd be willing to split it with someone else who wanted a GM car. I suspect I'd have to buy it in my name and then transfer it to them. Right? I'm not sure if it's worth $1150 of savings to go through this hassle. Has anyone done this before?

I'm in Ellicott City, Maryland.

Thanks, John

Reply to
johnfofawn
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You don't have to buy or lease the car. You can add the purchaser as an authorized user of the credit card, complete the vehicle transaction, and then remove the person.

Reply to
pjhartman

Reply to
jerryl

"You don't have to buy or lease the car. You can add the purchaser as an authorized user of the credit card, complete the vehicle transaction, and then remove the person."

OH I LIKE THAT IDEA!

You know, I have had a GM MasterCard for years and have purchased two new cars during that time and gotten a few thousand off each transaction due to the card rebates.

However, I have another $3,000 and GM simply doesn't have any vehicles that interest me. I never thought of adding someone as an authorized user and doing the above.

You know, a couple of years ago they DID some out with a program where you could use your GM card rebate dollars for other things (discounts on travel, etc.) and then they stopped it without any notice. I went to find it a while back and it was gone.

Reply to
Ryan

I don't believe you can "remove" an authorized user from a GM card and still maintain the plan where you accumulate dollars off towards a new car.

I wanted to remove an ex-wife and they told me if I did that I could no longer participate in the plan.

That was in 2005, maybe things have changed.

Reply to
ACP

What a great idea! I didn't think of this.

Even if I can't later remove the person I, don't want the GM card anymore anyway so I'll just cancel it.

Now the trick is to find someone who wants to buy a GM vehicle! :-)

THANK YOU!!!

John

Reply to
johnfofawn

Since he doesn't intend to use the card any more, this would not be a problem. Just close the card instead of removing the user.

Reply to
Rich Greenberg

Yes, that certainly will work. I just posted my experience for those who thought of adding someone and NOT closing the account.

Reply to
ACP

Reply to
uccoskun

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