The limited redemption options on the BuyPower card are a major drawback that, unfortunately, render it a poor value for most cardholders. However, if you are looking for redemption options beyond the purchase of a new vehicle, a 2 percent cash back card may still be your best bet. The bonus really adds up: If you max it out, you could earn $150 on top of what you would normally earn with a 2 percent rate. While there are a couple of cash back cards on the market that offer a 2 percent cash back rate with no annual fee, in terms of overall earnings, the BuyPower card bests these cards by offering a 5 percent bonus rate on the first $5,000 in purchases every year. This is an exceptionally high rewards rate matched by only a few other cards, most of which come with an annual fee. The BuyPower card offers a 2 percent rewards rate on all purchases across the board, with no limits on how much you can earn. To get the most use out of the card, however, you’ll need to be willing to stick to the BuyPower card’s list of eligible vehicles and delay your purchase for a year or two so that you can accumulate the needed rewards. You can either apply your rewards to the purchase of a brand new GMC, Buick, Cadillac or Chevrolet vehicle, or, in a few specific cases, redeem rewards as a statement credit. For card users who are not interested in travel rewards and who want to avoid a card with an annual fee, the 2 percent rate on the BuyPower card may seem like a dazzling incentive, especially with the preliminary 5 percent bonus to give it some extra oomph.īut reward redemption is quite limited with the BuyPower card. The card promises 5 percent earnings on your first $5,000 in purchases in your first year of membership and unlimited 2 percent earnings on purchases after that.Ī credit card with a 2 percent rate on general purchases is rare and highly sought after in the rewards card world, a category that includes a handful of premium travel rewards cards and a couple of cash back cards. The first thing you’ll notice about the BuyPower card from Capital One is a pair of very flashy numbers: 5 percent and 2 percent. Get personalized offers from our partners in seconds. Find card offers for you: This card is not currently available on, but you can still find a great card offer for you! Our CardMatch tool can help match you with prequalified offers and cards that align with your credit history – with no harm to your credit score.
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