Buying A Car By Buying Groceries: Capital One and GM Linked Card

A Girls Guide To Cars | Buying A Car By Buying Groceries: Capital One And Gm Linked Card - Img Thing

Capital One and GM Credit Card

There are all sorts of ways to save for a car, from putting aside a little bit each month to giving up a treat and using that money towards a car.

But the Capital One and GM credit card actually encourages you to spend money, with points accumulated towards buying a new car.

You can use the money towards any new Chevrolet, Buick, GMC or Cadillac, and you get 5% back on the first $5,000 spent every year.

At that rate, you can save for your toddler’s first Caddy, or your tween’s first Chevy Spark – if you are just looking at buying your teen a car you won’t get much money back. But you do get 2% back after that first $5,000 so if you are a big credit card user and are willing to forgo airline miles you can accumulate a fair amount.

Note that points never expire and car holders qualify for all incentives and discounts, so along with that college savings account, parents can start saving now for money towards their kid’s first car.

Car Shopping

Need a new car? Whether shopping for a new car or a used car we recommend using our car shopping service

Tire Shopping

Need new tires? We recommend Tire Rack

Car Repair

Need to get your car repaired? We recommend Repair Pal. Exclusively just for Girls Guide to Cars readers, call (877) 323-1708 to speak to RepairPal Car Genius for FREE automotive repair advice and if needed to find the right shop for you!

Judy Antell, who is's Free in 50 States editor, lives in Park Slope, Brooklyn, with her husband and... More about Judy Antell