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Do you drive vehicles from the GM brand, such as Chevy, Buick, Cadillac, or GMC? If so, you may receive offers for the My GM Rewards® Mastercard®. However, you might be wondering if this is a rewards credit card or a loyalty program that can help you save on future car purchases. Here are further details about this card and why you may want to consider it.

Editor’s Note: Some of the offers below may have expired or are no longer available on our site. 

What is a GM Rewards Card?

The My GM Rewards® Mastercard® is a consumer rewards credit card by Marcus from Goldman Sachs that has a $0 annual fee and a $0 foreign transaction fee (See Rates & Fees). It’s also a Mastercard World Elite® benefits product and can be used for daily purchases. As its name implies, it’s good for GM households.

It is an unsecured credit card that doesn’t require a security deposit and reports your monthly payment history to the three personal credit bureaus (Equifax, Experian, and TransUnion).

You can earn bonus points on GM-related purchases and services and redeem your points toward the purchase of a new automobile.

Further Reading: My GM Rewards Club Review

What Bank Issues the Card?

Marcus from Goldman Sachs issues this card. The previous issuer was Capital One, but Goldman Sachs Bank became the exclusive issuer in 2022.

Where Can I Use My Card?

The GM Rewards Club is a rewards credit card that works with any merchant in the world that accepts Mastercard payments. All qualifying purchases earn points, and you can earn more on GM-related services, parts, accessories, and related services, including OnStar® and Connected Services plans.

What are the GM Rewards Card Credit Score Requirements?

You should have good or excellent credit to apply for the GM Rewards Card. A minimum score of 670 is advised although applying when it’s 700 or higher can provide better approval odds.

Related: 9 Best Credit Cards For Excellent Credit

What is the Credit Limit?

Most applicants will receive an initial credit limit between $3,500 and $7,500. Well-qualified applicants can anticipate a preset spending limit of $10,000 or more.

It’s possible to request a credit line increase 90 days after opening a GM Card account. Additionally, you can request a follow-up increase at least 90 days after being approved for a spending limit increase.

The card issuer states this request doesn’t require a hard pull as they will evaluate the current information available from the credit bureaus. Most credit line decisions are issued within 10 minutes through the Marcus dashboard and by email, yet some requests require 3-5 days for processing.

How Do You Earn GM Rewards Card Points?

GM Rewards Card account holders can earn up to 7X GM rewards points per $1 spent:

  • 7X on GM Certified Service, GM Certified Parts, ACDelco Parts, eligible accessories, and most OnStar® and Connected Services plans
  • 4X on all remaining card purchases

It’s also possible to collect points on other activities through the My GM Rewards program. Your earning potential depends on your current membership tier—Silver, Gold, and Platinum—and the activity.

Related Reading: 5 Ways To Save Money On Gas With Credit Cards and Apps

What are the Redemption Options?

Cardmembers have access to these redemption options:

  • New GM vehicle purchase or lease
  • GM Certified Service
  • GM Certified Parts
  • ACDelco Parts
  • Eligible accessories
  • Most OnStar and Connected Services plans
  • GM Financial and Protection Plans
  • SiriusXM®

It’s also possible to redeem up to $1,000 toward a Chevrolet, Buick, GMC, or Cadillac Certified Pre-Owned vehicle.

Finally, Gold and Platinum cardmembers can redeem up to $250 for gift card rewards per cardmember year at a 1% redemption rate. Statement credits are another option, although the redemption value may not be the best.

Having a co-brand GM Card can automatically give you Gold status. Although, it’s possible to reach this status by making a minimum amount of vehicle or service purchases during an eligibility period.

Typically, GM points are most valuable when redeemed for GM vehicle purchases, services, or optional plans.

What is the Card Bonus?

New My GM Rewards® Mastercard® (See terms and conditions) cardmembers can earn 15,000 bonus points after spending $1,000 on their My GM Rewards® Mastercard® in their first 3 months.

Further Reading: The Best Limited-Time Credit Card Offers

Are There Special GM Rewards Card Benefits?

Here are the featured benefits for GM Rewards Card users:

  • Earn up to 7X points on purchases
  • Automatic GM Rewards Gold membership status
  • $100 statement credit for $1,500 in fuel spent per year or a $100 statement credit for six electrical bill payments per calendar year for GM electric vehicle owners
  • $50 allowance per calendar year for vehicle detailing at a participating GM dealer

You can also enjoy complimentary Mastercard World Elite® benefits such as savings and credits at DoorDash, Lyft, Fandango, ShopRunner, Mastercard Gold, and other travel experiences.

Related: The Best Gas Credit Cards

Are There Different GM Rewards Card Designs?

Yes, each GM brand has a unique card design. When you apply for the My GM Rewards® Mastercard® (See terms and conditions), you can choose your preferred design from Chevrolet, Buick, GMC, Cadillac, or GM. Your card benefits are the same regardless of which design you choose.

Is the GM Rewards Card Worth It?

This card is worth considering if you plan on redeeming your points to buy or lease a GM vehicle, pay for GM Certified Service, or optional accessories and services for your vehicle.

Consider a travel rewards card if you want to redeem your points for award flights, hotels, and car rentals, which can have a higher redemption value.

While you can redeem points for gift cards or statement credits, there is an annual redemption maximum, and the redemption value may leave something to be desired. A cash back credit card provides more flexibility if you want to redeem your points for bank deposits or monthly statement credits.

Get more information in our cash back vs travel rewards credit cards review.

Final Thoughts

GM loyalists stand to gain the most from the GM Rewards Card as the points are most valuable when you redeem them toward a replacement vehicle or having service performed on your current auto. Otherwise, this product leaves something to be desired if you want flexible travel or cash redemption options.

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