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Selling GM Card earning??? #5337390 01/31/20 01:59 PM
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GoobSoCold Offline OP
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I've got about $3500 in GM card earnings, plus another $1000 bonus they just sent me. I'm not going to be using them anytime soon and was thinking about selling them.

Has anyone done this before? Any tips or advice you could give me?

Thanks!

Re: Selling GM Card earning??? [Re: GoobSoCold] #5337394 01/31/20 02:06 PM
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Lou_Boyle Offline
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We've tried to just give ours to other family members. No dice. They weren't transferable.

Re: Selling GM Card earning??? [Re: GoobSoCold] #5337407 01/31/20 02:22 PM
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gathermewool Offline
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How exactly does your card work? How did you earn so much?



14 Forester XT Touring FA20DIT (Cobb Stage 1)
Castrol Magnatec 5W-30 D1G2 + FU filter (72,320mi, 8/24/19)
15 Legacy Premium FB25
Magnatec 5W-20 + FU filter (47,300mi, 5/11/19)
Re: Selling GM Card earning??? [Re: GoobSoCold] #5337413 01/31/20 02:34 PM
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edwardh1 Offline
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wish Toyota did that?


These products are all new every year?? They are a revolution!!! Razor blades, mens shirts, TVs, wiper blades, gutter guards, hearing aids... according to the ads. But also all new last year
Re: Selling GM Card earning??? [Re: gathermewool] #5337421 01/31/20 02:43 PM
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Rat407 Offline
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Originally Posted by gathermewool
How exactly does your card work? How did you earn so much?



At least the GM card I have you earn 5% cash back up to $500 per year to a total of $3,500 in 7 years max. So you have to wait 7 years to get the full $3,500, the extra $1k is what GM might offer on top of it to get you in to purchase a vehicle.


2002 Silverado 5.3 0w-20 AMSOIL®
Re: Selling GM Card earning??? [Re: Lou_Boyle] #5337435 01/31/20 03:06 PM
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GoobSoCold Offline OP
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Originally Posted by Lou_Boyle
We've tried to just give ours to other family members. No dice. They weren't transferable.
Thanks. I read something about adding the person who was buying them as an authorized user and it would work, but was unsure if that would be wise.

Re: Selling GM Card earning??? [Re: gathermewool] #5337443 01/31/20 03:13 PM
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GoobSoCold Offline OP
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Originally Posted by gathermewool
How exactly does your card work? How did you earn so much?



I earn 5% up to $500 per year for 7 years. I'm into the 8th year now and I'm starting to loose what I earned. For example, I'll loose what I earned in January 2013 at the end of this month.

Re: Selling GM Card earning??? [Re: GoobSoCold] #5337620 01/31/20 06:34 PM
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tcp71 Offline
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I passed about $1000 to my sister in laws family years ago. It could only be passed to a family member (extended was fine) and I had to sign her up for a card on my account before they could be used. I still get a card for her when the expiry date comes around but I just cut it up. I don’t think selling it to a stranger would work.

Last edited by tcp71; 01/31/20 06:36 PM.

2016 F150 Eco: Edge 0w40
2005 Sienna 3.3: NAPA 5w30 syn. (varies)
Re: Selling GM Card earning??? [Re: GoobSoCold] #5337645 01/31/20 06:59 PM
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deanm11 Offline
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People on corvetteforum do it. Recent thread below. As mentioned, it could nvolve making someone an authorized user - not totally sure.

https://www.corvetteforum.com/forums/c7-corvettes-for-sale/4359315-2142-worth-of-gm-card-points.html

Last edited by deanm11; 01/31/20 07:16 PM.

2012 Subie Impr 2.0 142k M1EP 0w20 7.5k
2002 Tahoe 5.3 171k 5w30 syn 7.5k
Re: Selling GM Card earning??? [Re: GoobSoCold] #5337818 01/31/20 11:53 PM
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alchargo Offline
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I sold my GM card earnings to a friend back in August. He put them towards the purchase of a new Colorado. All I had to do was add him as an authorized user and wait a few days for Capital One to update the required information on their end.

Re: Selling GM Card earning??? [Re: alchargo] #5338293 02/01/20 03:55 PM
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GoobSoCold Offline OP
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Originally Posted by alchargo
I sold my GM card earnings to a friend back in August. He put them towards the purchase of a new Colorado. All I had to do was add him as an authorized user and wait a few days for Capital One to update the required information on their end.


Thanks!

Re: Selling GM Card earning??? [Re: GoobSoCold] #5339930 02/03/20 10:59 AM
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gathermewool Offline
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Have you since changed to a different card with more practical cash-back options?


14 Forester XT Touring FA20DIT (Cobb Stage 1)
Castrol Magnatec 5W-30 D1G2 + FU filter (72,320mi, 8/24/19)
15 Legacy Premium FB25
Magnatec 5W-20 + FU filter (47,300mi, 5/11/19)
Re: Selling GM Card earning??? [Re: gathermewool] #5340606 02/04/20 08:02 AM
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GoobSoCold Offline OP
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Originally Posted by gathermewool
Have you since changed to a different card with more practical cash-back options?


I've got a few. The GM was the best % return. We just didn't like the start-stop on the Blazer and the Equinox wasn't very comfortable.

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