Capital One Financial and General Motors have expanded their co-brand card partnership with the launch of the BuyPower Business Card from Capital One.
Go deeper with GlobalData
The new card will cater to small business owners offering an earnings structure that includes 5% earnings on GM parts, accessories and services at authorized GM dealers, 3% earnings at gas stations, restaurants and office supply stores, and 1% earnings on all other purchases.
The BuyPower Business Card will replace the existing GM Business Card issued by Chase Bank USA, with Capital One commencing the acceptance of applications later in 2015.
The product will charge no annual fee and allow customers to combine earnings on top of existing GM offers besides enabling them to access World MasterCard benefits, including concierge services, emergency card replacement, lost luggage support, travel accident insurance, travel assistance service and roadside assistance.
Capital One executive vice president of card partnerships Jimmy Cannon said: "Small business owners will now be able to benefit from a one-of-a-kind card that will help them manage business expenses and offers a unique earnings program that allows them to save toward new Chevrolet, Buick, GMC or Cadillac vehicles."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
