djrez4 wrote:I was curious about what it would take to get a reasonable GM vehicle for free every five years using the BuyPower card. Assuming my math is right, it takes $1,438,750.00 in spending to come up with $30,000 in rewards. That's only $287,750.00 per year!
(5% x $5000 = $250 x 5 = $1250. Leaves $28,750 to account for at the 2% level - $28,750 / 2% = $1,437,500)
Almost, but not quite. You are adding the actual spend
of the second part (to get the $28,750) to the reward
of the first part. In order to get those $1250, the spend level is actually $25,000 (5000/yr. x 5 yrs). You add this $25K to your $1,437,500 and get a total spend of $1,462,500.