Advertiser & Editorial Disclosure

General Motors was the largest automaker in the US by sales in 2022, and many loyal GM customers appreciate the benefits of the My GM Rewards Program, GM’s loyalty program. 

Get a GM credit card, and you can earn even more rewards for even greater value. Here’s how it works. 

Introduction to the GM Business Card

GM Business Card* is a business credit card from Marcus by Goldman Sachs® designed for business owners who want to earn rewards toward eligible, new Chevrolet, Buick, GMC or Cadillac vehicles for the job*.

It allows cardholders to earn a percentage of eligible purchases, depending on the type of purchase, and also features an appealing welcome offer:

• Get 5% in Earnings on purchases of eligible GM parts, accessories and service at authorized GM dealers, 3% in Earnings on purchases at gas stations, restaurants, and office supply stores, and 1% on all other purchases.

• Get $750 in Bonus Earnings to redeem with GM towards the purchase or lease of eligible, new GM vehicles after you spend $5,000 on purchases in your first 5 months.

There is also a GM personal credit card: My GM Rewards Card*. This card earns unlimited points toward an eligible, new GM purchase or lease. 

CapitalOne used to offer the GM BuyPower Card, however that card is no longer available.*

* All information about the the GM Business Credit Card, the GM BuyPower Card and the CapitalOne GM BuyPower card has been collected independently by Nav. These cards is not currently available through Nav. To see what business credit cards are available, please visit Nav’s credit card page.

My GM Rewards Benefits

Regardless of whether you get a GM credit card, you can enroll in the My GM Rewards program. Benefits are tiered at Silver, Gold and Platinum levels, and you progress based on spending:

• New GM vehicle purchase or lease based on MSRP value. 
• Combined yearly spend on paid GM Certified Service, eligible accessories, GM Genuine Parts and ACDelco parts, and most OnStar® and connected services plans.

Cardmembers with the GM Business Card or GM BuyPower Card will automatically start off with Gold tier status, and purchases can help toward earning Platinum status. 

In addition to eligible vehicle purchase or lease benefits, you can also redeem points for Paid GM Certified Service, eligible accessories, GM Genuine Parts and ACDelco parts, most OnStar and Connected Services plans, SiriusXM®, GM Financial and GM Protection Plan.**

And if you need more redemption options, you can also redeem points for gift cards from a variety of merchants, stores, restaurants and more. 

**Information about My GM Rewards benefits was gathered independently by Nav. See benefits, terms and conditions at experience.gm.com. 

GM Credit Card Benefits at a Glance

If you’re considering either the GM business credit card or personal credit card, here are the main benefits at a glance. 

	GM Business Card(Business credit card)	My GM Rewards Card(Personal credit card)
Rewards Rate	Get 5% in Earnings on purchases of eligible GM parts, accessories and service at authorized GM dealers, 3% in Earnings on purchases at gas stations, restaurants, and office supply stores, and 1% on all other purchases.	Earn unlimited 7x total points with GM, 4x points on purchases everywhere else.
Welcome offer	Get $750 in Bonus Earnings to redeem with GM towards the purchase or lease of eligible, new GM vehicles after you spend $5,000 on purchases in your first 5 months.	Get 15,000 bonus points after you spend $1,000 in your first three months
Intro APR	0% Intro APR on purchases for the first 12 months, variable of 19.24% to 29.24% APR after	0% intro APR on purchases for the first 12 months, then a variable APR of 20.24% to 29.99%
Purchase APR	19.24% to 29.24% variable purchase APR based on creditworthiness. Rates as of 8/1/2023	20.24% to 29.99% variable purchase APR based on creditworthiness. Rates as of 8/1/2023
Annual Fee	$0	$0

Of course, it’s always best practice to use a business credit card for business purchases and personal credit card for personal purchases. 

Features for Business Owners

With either card, there’s no limit to the amount of earnings you can build up or redeem toward an eligible, new GM vehicle. Earnings don’t expire as long as your account stays open and in good standing. And you can combine earnings with other current vehicle offers. 

The also offers free employee cards and you can enroll your Mastercard business card in  the Mastercard Easy Savings Program®† allows you to save on everyday expenses when you use your card on qualified purchases at participating merchants nationwide. You can find details on these savings here. 

When you’re ready to redeem your rewards, you visit a participating GM dealership, pick a new Chevrolet, Buick, GMC or Cadillac vehicle and negotiate your price. Then you deduct earnings from that agreed upon price. 

Understanding Business-centric Fee Structures

In addition to the rewards points program, two cost-saving features of this card are: 

The fee structure. With no annual fee and no foreign transaction fee, this card is very competitive cost wise. 

The intro APR. Cardholders who want to finance purchases over time can take advantage of 0% Intro APR on purchases for the first 12 months, variable of 19.24% to 29.24% APR after. This is a very competitive introductory APR card offer, and can be valuable for cardholders who want a low-cost option to finance purchases for the short term without getting a small business loan. 

Again, free employee cards can help your business accumulate reward on all eligible card purchases, and accelerate both rewards and status. 

Applying as a Business

When you apply for this card, you will agree to a personal credit check. The credit card issuer doesn’t reveal a minimum credit score required for credit approval, but it is likely you will need good to excellent credit to qualify. 

After filling out personal information, including name, address, Social Security number and total income, you’ll answer questions about your business including business name and address, business structure (sole proprietorship, LLC or corporation, for example), ownership percentage, EIN, business revenue, number of employees, time in business, and industry. 

You must agree to a business credit check as well. Again, a minimum business credit score requirement is not stated. (Here’s how to establish business credit.)

You must attest that you are a control person (an individual with significant responsibility to control, manage or direct a legal entity customer). 

Maximizing Rewards for Your Business

If you plan to get a GM vehicle and can take advantage of the welcome offer, this is a competitive offer.

Compared to other business card offers, the earnings rate for purchases in popular spending categories is competitive. Reminder: Get 5% in Earnings on purchases of eligible GM parts, accessories and service at authorized GM dealers, 3% in Earnings on purchases at gas stations, restaurants, and office supply stores, and 1% on all other purchases. 

Find the best business cash back rewards card here. 

However, you could consider a cash back rewards credit card with a higher cash back rewards rate for purchases that don’t fall into the bonus categories, such as travel. Of course, if you are trying to meet the spending requirement for the intro purchase bonus, you’ll want to do that first. 

Conclusion

My GM Rewards members who want to increase the rewards they earn may want to consider a GM card. The GM Business Card offers solid rewards for loyalty program members. 

Business owners who prefer more flexible rewards programs may want to consider a cash back business rewards card to earn cash they can use toward any type of purchase, or just reinvest in the business.