Why does GM have a credit card?
The GM™ Mastercard®† rewards you with Earnings on everything you buy — Earnings you can then use toward the purchase or lease of an eligible, new Chevrolet, Buick, GMC or Cadillac vehicle.
The GM Extended Family™ Mastercard® lets you combine Earnings with GM discounts and special offers toward the purchase or lease of an eligible, new Chevrolet, Buick, GMC or Cadillac vehicle and the GM Business™ Mastercard® allows you to put your expenses to work and earn toward an eligible, new GM vehicle for your ...
The bottom line: The rewards earning rate is good, but if you're not in the market for a GM vehicle, you'll be better off with a general cash back card instead. Earn 15,000 bonus points after spending $1,000 in your first 3 months - that's $150 in value when you redeem with GM.
Enhance your Experience with the My GM Rewards® Mastercard. If approved for the My GM Rewards® Mastercard®,† you'll get rewarded for the everyday spending you do, plus receive exclusive perks and benefits.
These Program Rules apply to each Cardmember of a My GM Rewards Mastercard Account (the 'Card' or 'Card Account') issued by Goldman Sachs Bank USA ('Goldman Sachs Bank'), in addition to the My GM Rewards Program Terms and Conditions.
There is no disclosed starting credit limit for the GM Rewards Card. Some cardholders report starting limits as low as $1,500 and as high as $10,000, according to forum posts. The issuer, however, does not include any specific credit limit information in the card's terms.
You'll need at least "good" credit for GM Rewards Card approval, which means a credit score above 700.
Goldman Sachs Bank USA, Salt Lake City Branch, is the issuer of the GM Extended Family™ Mastercard®. General Motors LLC operates and administers the GM Extended Family Card Earnings Program. Mastercard and the circles design are trademarks of Mastercard International Incorporated.
Goldman Sachs uses TransUnion and other credit bureaus to evaluate your GM Card application. If your credit score is low (for example, if your FICO9 score is lower than 660 or if the Vantage score is lower than 630), Goldman Sachs might not be able to approve your GM Card application.
Prequalified car financing through GM Financial is easy, convenient and secure. Looking for a new car? GM Financial offers a variety of auto finance options to help you get behind the wheel of a new or used car, truck or SUV — and we look beyond your credit score to make a decision.
Who took over Capital One GM card?
Goldman Sachs Bank USA is issuing the My GM Rewards Card and replacing Capital One as the partner for co-branded cards from GM.
In 2020, GS acquired General Motors' credit card unit for $2.5 billion from Capital One Financial, which formed Goldman's second credit card partnership with a big name.
Goldman bought , opens new tab the GM credit card portfolio in what was reported to be a $2.5 billion deal in 2020. It gains roughly 3 million existing GM credit card holders, whose accounts were converted to Goldman from Capital One Financial Corp (COF.
Goldman Sachs is planning to scrap its co-branded credit cards with General Motors, a person familiar with the matter told Reuters on Tuesday. General Motors said it would continue to "reward customers for their loyalty to our brands."
GM Cards. Marcus by Goldman Sachs®
Adam McCann, Financial Writer
Generally, a high credit card limit is considered to be $5,000 or more, and you will likely need good or excellent credit, along with a solid income, to get a limit of $30,000 or higher.
There's no limit to how many points you can redeem toward a new vehicle, vehicle lease or select non-vehicle GM purchases, but you can only redeem $1,000 worth of points (100,000 points) per year toward eligible pre-owned vehicles.
If you're just starting out, a good credit limit for your first card might be around $1,000. If you have built up a solid credit history, a steady income and a good credit score, your credit limit may increase to $5,000 or $10,000 or more — plenty of credit to ensure you can purchase big ticket items.
No annual fee, no foreign transaction fees, or cash advance fees. Late fees may apply.
No, the GM Rewards Card is not made of metal; it is made of plastic like most other credit cards. Even though it's made of plastic, there's no functional difference between the GM Rewards Card and a metal credit card.
Is Marcus a GM card?
Marcus by Goldman Sachs® is a brand of Goldman Sachs Bank USA and Goldman Sachs & Co. LLC, which are subsidiaries of The Goldman Sachs Group, Inc. All loans and GM Rewards Cards are issued by Goldman Sachs Bank USA, Salt Lake City Branch. Member FDIC.
You can redeem points for valuable benefits as soon as you earn them: 300 OnStar hands-free calling minutes for 12 months: 5,000 points. Certified Service Allowance of $10 to $100: 2,000 to 20,000 points. Chevrolet Accessories Allowance of $50 to $250 to upgrade your vehicle: 10,000 to $50,000 points.
You can manage your GM Financial Account through the GM Financial App or online by going to www.gmfinancial.com and signing in to My Account. There, you can make a payment, access billing statements, update your profile and communication preferences, and even message with our Customer Experience agents.
All members earn 1 point per $5 spent on an eligible, new GM vehicle† purchase or lease. Members earn 3 points per $1 spent on eligible paid Certified Service, eligible accessories, GM Genuine Parts and ACDelco parts† , and most OnStar® and Connected Services Plans.
GM Pulls Transunion Fico 9 Auto Score. Tier One is at 710 for 0.0% finance, you can get bumped to tier one with enough down to overcome score or sometimes get bumped if less than 72 months at 0.0%.
