Today I received an offer from GM Flexcard that would "top off" my credit card rebate to $2,000 on a qualifying GM car. However, the website where I’m supposed to find more information isn’t working. Is this a bona fide offer? If so, is it a good deal?
Don’t worry, the Flexcard offer is a legit incentive from General Motors that will give you a leg-up if you plan on buying a new GM car. GM’s Flexible Earnings Card is a reward-based credit card that accrues dollars as you use it. The accrued money, which they’ve upped to $2,000 for you, can be used toward the purchase of a new GM vehicle.
The extra credits can’t be redeemed for cash. Only a few models have been excluded from the list of eligible vehicles (see below). According to GM Flexcard’s website, the money can be used as a down payment or for adding optional equipment. The offer is also good with other incentives, including loyalty bonuses (trading in a 1999 or newer GM product) and regional incentives like cash-back rebates or interest rates.
Whether it’s a good deal depends on factors like how much money you already had accrued as well as which model you’re looking at. Some vehicles have a redemption cap that limits how much Flexcard rewards money can be used. For example, the Chevrolet Malibu has a cap of $1,000.
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It's a valid offer.
If you can't access the website given, you go to HSBC site, the issuer of the flexcard.
Otherwise, you can go to credit comparisons and online application websites for a review. A simple search on google will returns many credit cards comparison site.
However, it's no longer easy to obtain a credit card today. This card requires you to have a good credit rating.
Credit crisis has somehow raise the bar for someone to qualify for a credit card. And if you're approved, do not expect a generous credit limit. The lenders are in protection more to safeguard their interest against bad debt.