My GM Rewards Mastercard Review

Don’t settle for mere rewards on your spending! Fear not! This card offers exclusive advantages for GM aficionados – discover the My GM Rewards Mastercard.

As the average price of new cars steadily climbs, achieving the dream becomes increasingly challenging. Depending on your budget and initial payment, you may find yourself burdened with hefty monthly installments, putting strain on your financial situation.

However, the silver lining shines bright with the My GM Rewards Mastercard. Facilitating purchases, leases, and even car maintenance expenses, this card, issued by the renowned US bank Goldman Sachs, carries no annual fee. Earn substantial rewards on General Motor Co. purchases and beyond.

CREDIT CARD

My GM Rewards Mastercard

High rewards rate 15,000 bonus points

You’ll get rewarded for the everyday spending you do.

Watch an ad to apply for your card

High rewards rate

With the My GM Rewards Mastercard, every dollar spent earns you 4 points, no matter how you choose to use it.

Additionally, for every dollar spent on qualifying GM purchases, like GM Certified Service, parts and accessories from GM dealerships or online, as well as OnStar and Connected Services plans, you’ll receive a whopping 7 points.

With such a generous rewards rate, accumulating points is a breeze. Whether you’re stocking up on groceries, dining out, or grabbing your morning coffee, each purchase adds to your points tally, ready to be redeemed at your nearest participating GM dealer.

Automatic Gold status

You don’t have to wait to hit a three-year spending threshold of $45,000 on GM purchases to reach Gold Tier status. The moment you’re approved for the My GM Rewards Mastercard, you’re instantly granted Gold status. As a Gold Tier member, you unlock exclusive offers and enjoy unlimited earning and redemption capabilities.

Whether your vehicle runs on electricity or not, the second tier of GM’s rewards program offers enticing benefits. Qualify for a $100 statement credit by spending $1,500 on gas or paying for six electric bills between January and December.

Redemption

A standout feature of this credit card is the consistent value of its points, each worth a penny, and they never expire as long as your account remains open. When it comes to redemption, the options are diverse:

• Buying or leasing an eligible new GM vehicle: Redeem points without limit when purchasing or leasing a qualifying new GM vehicle at any dealership participating in the My GM Rewards program.
• Buying a certified pre-owned vehicle: Enjoy up to $1,000 in redemption per calendar year when acquiring a certified pre-owned Chevrolet, Buick, GMC, or Cadillac vehicle.
• Non-vehicle GM purchases: Make the most of your points by redeeming them limitlessly for GM certified service, purchases of car parts and accessories at GM dealerships, OnStar or Connected Service plans, SiriusXM subscriptions, or protection plans.
• Gift cards: Treat yourself with up to $250 in redemption per calendar year toward gift cards from eligible stores and restaurants.

GM Rewards Mastercard benefits

Bonus after approval

Among the top features of this credit card is its enticing welcome offer. For new cardholders, spending $1,000 on the My GM Rewards Mastercard within the initial 3 months unlocks a generous bonus of 15,000 points. In simpler terms, that’s equivalent to $150 ready to be spent on any GM-related purchases.

No fees

Curious about the cost of accessing all these perks and benefits? Wonder no more! The My GM Rewards Mastercard comes with a $0 annual fee. Furthermore, it boasts $0 foreign transaction fees and no cash advance transaction fees, ensuring you can enjoy its advantages without any additional financial burden.

Introductory APR promotion

As if having no annual fee wasn’t appealing enough, this credit card goes the extra mile by offering a 0% introductory APR (Annual Percentage Rate) for the initial 9 months. This feature can prove immensely valuable, especially when financing a car, as you won’t need to fret about accruing interest charges during this period.

No impact to your credit score

When it comes to your credit score, this card offers a reassuring advantage: checking your pre-approval status won’t affect it whatsoever. You can explore your eligibility without any impact on your credit score. The hard inquiry only occurs if you choose to proceed with accepting the card, ensuring your credit remains unaffected until you’re ready to make a decision.

No expiring points

Your points with this card remain evergreen – there’s no expiration date attached. So, whether you’re saving up for a rainy day or planning a big redemption down the line, your points will patiently wait for you, ensuring they’re always there when you need them.

Mastercard benefits

Have you ever imagined having a no-fee credit card which offers all World Elite Mastercard benefits? This Mastercard comes with valuable benefits like Price Protection, Extended Warranty, Purchase Protection, Identity Theft Protection, Travel Assistance Services, Roadside Assistance, and Mastercard Global Service, ensuring peace of mind and security wherever you go.

Who can apply?

This credit card is tailored for those 18 years or older residing in the U.S.. While you can check your approval status without affecting your credit score, a minimum credit score of 690, indicating good credit, is required.

How to apply?

Applying for My GM Rewards Mastercard is easier than you think:

1. Go to the GM credit cards website
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 credit limit on My GM Rewards Mastercard?

Goldman Sachs doesn’t establish an initial credit limit. Therefore, your credit limit will likely be based on your credit score, income, credit history and more.

CREDIT CARD

My GM Rewards Mastercard

High rewards rate 15,000 bonus points

You’ll get rewarded for the everyday spending you do.

Watch an ad to apply for your card