Justin McHenry, research director for IndexCreditCards.com, discusses how to best use branded credit cards when purchasing a new vehicle or service. (‘Branded’ meaning affiliated to a particular organization or company) The well-known GM card, for example, puts up to five-percent of purchases made on the credit card towards the lease or purchase of a new GM vehicle. The Citi Driver’s Edge card, on the other hand, gives rebates to any manufacturer’s new or used vehicles.
Other automakers who issue cards include BMW, DaimlerChrysler (separately as Chrysler and Mercedes-Benz), and Lexus. A full listing can be found on a link at the article or here.
[Source: American Chronicle]