Card Briefs: GM Says 500,000 Redeem Card Rebates

General Motors Corp. announced that, through May, 500,000 holders of GM cobranded credit cards had redeemed their rebates to buy or lease a GM car or truck.

Detroit-based GM estimated that 1,000 consumers had redeemed rebates every day this year.

The company said more than 12 million consumers own a GM card. The program was launched less than three years ago, issued by Household International.

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