McLEAN, Va. and DETROIT -

Capital One and General Motors recently expanded their co-brand credit card partnership to enhance the potential of boosting new-model turns as well as business in dealership service drives.

Officials highlighted the BuyPower Business Card from Capital One is specially designed for small business owners, aiming to deliver a powerful earnings structure. That policy includes 5-percent earnings on GM parts, accessories and services at authorized GM dealers; 3-percent earnings at gas stations, restaurants and office supply stores; and 1-percent earnings on all other purchases.

This product replaces the existing GM Business Card issued by Chase Bank. Capital One will begin accepting applications for this product later this year.

"We have one of the strongest lineups of cars, trucks, SUVs and crossovers in our history, so it's a great time to step up our game with our small business customers,” said Chuck Thomson, general manager of GM retail sales and marketing support. “The card is designed to address small businesses' needs and help them plan for the future.”

Features of the new BuyPower Business Card from Capital One include:

— 5-percent earnings on GM parts, accessories and service at authorized GM dealers; 3 percent earnings at gas stations, restaurants and office supply stores; and 1 percent earnings on all other purchases         

— No limits on the amount of earnings a business can accumulate

— No expiration of earnings

— No limit on the amount of earnings that can be redeemed toward the purchase or lease of a new Chevrolet, Buick, GMC or Cadillac vehicle

— No annual fee

— Ability to combine earnings on top of current GM offers and incentives, as well as GM’s supplier discount

— Access to the World MasterCard benefits, including concierge services, emergency card replacement, lost luggage support, travel accident insurance, travel assistance service and roadside assistance.

“Following the success of the BuyPower Card launch in 2014, we decided to expand the BuyPower brand to serve small business owners," said Jimmy Cannon, executive vice president, card partnerships, Capital One.  "Small business owners will now be able to benefit from a one-of-a-kind card that will help them manage business expenses and offers a unique earnings program that allows them to save toward new Chevrolet, Buick, GMC or Cadillac vehicles. The expansion of this program is a compelling model for growth that demonstrates our commitment to building long-term strategic relationships with great corporate partners like GM."

To learn more about the new BuyPower Business Card from Capital One, visit BuyPowerBusinessCard.com.