GM Business Card Review

Having a fleet of vehicles for your business has become easier with the GM Business Card. Enjoy all its perks and benefits without worrying about credit card fees.

During COVID pandemic, small businesses were extremely affected in every way we can imagine. Moreover, because of the continuous increase of a new car’s average price, everyday has been more difficult to have a fleet of vehicles as part of a business. 

However, GM Business Card makes buying, leasing or even paying car-maintenance costs much easier for your company. Issued by one of the most notorious US banks, Goldman Sachs, this $0-annual-fee card makes you earn impressive cashback to use on General Motor Co. purchases and more.

CREDIT CARD

GM Business Card

1% to 5% cashback $750 bonus cashback

The card rewards small business owners with special benefits.

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GM Rewards Mastercard benefits

• High earnings rate: Getting earnings with the GM Business Card is pretty easy. You can get 5% earnings on any GM qualifying purchase, such as GM Certified Service, parts and accessories purchased at GM dealerships or online and OnStar and Connected Services plans. Plus, 3% earnings on every purchase at gas stations, restaurants and office supply stores and 1% earnings on all other purchases.
• Buying or leasing an eligible new GM vehicle: redeem unlimited points when you buy or lease an eligible new GM vehicle in any dealership that participates in the My GM rewards program.
• Buying a certified pre-owned vehicle: redeem up to $1,000 per calendar year when you buy a certified pre-owned Chevrolet, Buick, GMC or Cadillac vehicle.
• Non-vehicle GM purchases: redeem unlimited points when you use GM certified service, purchases of car parts and accessories at GM dealerships, OnStar or Connected Service plans, SiriusXM subscription or protection plans.
• Gift cards: redeem up to $250 per calendar year toward gift cards from eligible stores and restaurants.
• Automatic Gold status: No more waiting to complete a three-year spend minimum of $45,000 on GM purchases to become a Gold Tier. At the moment you’re approved for the My GM Rewards Mastercard you’ll get automatic Gold status. Gold Tiers members have access to special offers and unlimited earning and redemption power. No matter if your car is electric or not, with the second level of GM’s rewards you can receive a $100 statement credit when you spend $1,500 on gas or pay for six electric bills between January and December.
• Welcome offer: One of the best things about this credit card is its welcome offer. New cardholders can earn 75,000 bonus points after spending $5,000 on My GM Business Card in the first 5 months. In other words, $750 to spend on any GM-related purchases.
• No fees: You must be wondering how much you’ll need to pay to have all these perks and benefits, right? Well, GM Business Card is a $0-annual-fee card. In addition, it has $0 foreign transaction fee and no cash advance transaction fee.
• Introductory APR promotion: As if it wasn’t enough being no-annual-fee, this credit card offers a 0% intro APR (Annual Percentage Rate) for the first 12 months. It’s an amazing opportunity to invest in your business without worrying about interest charges during this period.
• No impact to your credit score: Getting a new credit card sometimes can be a stressful moment for the cardholder, since it makes a hard inquiry on your credit score and you still have chances to not be approved. However, this card allows you to see if you’re approved with no impact to your credit score. The hard inquiry will only happen if you accept a card.
• No expiring points: Most programs give you a lot of points but have expiring dates. On the other hand, with this credit card you can enjoy all your points without any pressure, since it never expires as long as your account stays open and in good standing.
• No-cost employee card: Another reason this credit card is incredible is how its employee cards work. You can issue unlimited employees additional cards with no cost, increasing your rewards even more. Also, set individual spending limits and track all individual spending activity.
• Mastercard Easy Savings: Earning cashback is one way to save your money, but besides that, GM Business Card allows you to save on everyday purchases. With the Mastercard Easy Savings Program you receive incredible discounts on participating merchants nationwide.
• World Elite benefits: GM Business Card is not a simple Mastercard credit card. Have you ever imagined having a no-fee credit card which offers all World Elite Mastercard benefits? With My GM Rewards Mastercard you can have discounts on select streaming services; access to select hotel, flight and car upgrades; gold concierge access; ID theft protection; zero liability fraud protection; emergency assistance, and more.

Who can apply?

If you are 18 years or older, own at least 25% of the business and live in the U.S., this credit card was made for you! Also, you must have a driver license, be in business for at least a year and have your business bank statement or tax returns available. Although you can see if you’re approved with no impact to your credit score, you must have at least 670, which means a good credit score.

How to apply?

Applying for a GM Business Card is easier than you think:

1. Go to the GM credit cards website and look for GM Business Card
2. Click on Apply Now
3. Read Terms and Conditions
4. Fill your personal and financial details
5. Submit your application

Frequently asked questions

How can I redeem my points?

You can redeem My GM Rewards points online or at your participating GM dealer. You can find step-by-step instructions from each reward in the Redeem section or chat with a Member Support Specialist if you still need assistance.

Do I need to pay to enroll in the My GM Rewards program?

Believe it or not, signing up is totally free and you don’t need to purchase anything. Having problems doing it? Find your participating dealer or the GM Rewards Member Support Center for assistance.

How do I check my GM Rewards Card balance?

You can check it online through Goldman Sachs website, by phone (1-833-773-0988) or by Goldman Sachs app.

What is the APR rate after 12 months?

After the introductory promotional period, your APR will be 19.24% to 29.24%, based on your creditworthiness.

CREDIT CARD

GM Business Card

1% to 5% cashback $750 bonus cashback

The card rewards small business owners with special benefits.

APPLY NOW You will be redirected