GM Business Card

Advertiser Disclosure Editorial Disclosure

Last updated on March 22nd, 2023

Advertiser Disclosure Editorial Disclosure

GM Business Card™

GM Business Card™ uses a variation of FICO Score 8, which is one of many different types of credit scores. A financial institution may use a different score when deciding whether to approve you for a credit card. Credit Needed: Excellent/ Good
Mastercard Processing Network
$0 Annual Fee

GM Business Card™

  • 18.99% to 28.99% variable purchase APR based on creditworthiness. Rates as of 6/1/2023 Regular Purchase APR
  • 29.99% Cash Advance APR
  • 0% for 12 months Intro Purchase APR

At a Glance

The GM Business Card is an auto credit card from Marcus from Goldman Sachs whose earnings can only be applied towards the purchase or lease of a GM vehicle from a dealership. Earn up to 5% with bonus categories for GM purchases, gas, dining, and office supplies.

  • Best Benefits
  • Rates & Fees
  • Why Should You Apply?
  • Get the business card that rewards small business owners with special benefits. Redeem Earnings toward an eligible, new Chevrolet, Buick, GMC or Cadillac
  • Get $750 in Bonus Earnings towards the purchase or lease of an eligible, new GM vehicle after you spend $5,000 on purchases in your first 5 months
  • 5% in Earnings on eligible GM dealership parts, accessories or service purchases
  • 3% in Earnings on purchases at gas stations, restaurants and office supply stores, and 1% on all other purchases
  • No annual fee, no foreign transaction fees or cash advance fees. Late fees may apply
  • 0% Intro APR on purchases for the first 12 months, variable of 18.99% to 28.99% APR after
  • See if you're approved with no impact to your credit score. Accepting a card after your application is approved will result in a hard inquiry, which may impact your credit score
  • Terms & Limitations Apply. Subject to credit approval
  • Intro Purchase APR: 0% for 12 months
  • Regular Purchase APR: 18.99% to 28.99% variable purchase APR based on creditworthiness. Rates as of 6/1/2023
  • Cash Advance APR: 29.99%
  • Cash Advance Transaction Fee: $0
  • Annual Fee: $0
  • Foreign Transaction Fee: $0
  • Late Payment Penalty Fee: Up to $40
  • You're looking to expand your current business fleet
  • You have a business association membership to ABC, AGC, or NAHB of America
  • You will need company cards for your employees
  • You're already enrolled in My GM Rewards
  • You will spend $5,000 within the first 5 months of being a cardmember

GM Business Card Review

Saving for the purchase or lease of a new Chevrolet, Buick, GMC or Cadillac vehicle is easy (and free) with the no annual fee GM Business Card from Marcus and Goldman Sachs. Ideal for small to mid-sized business owners who are looking to start or expand their fleet of company vehicles, this highly specific card can take a significant chunk out of the cost of purchasing a new vehicle.

Although the bonus categories are versatile enough to be used for more than just business purchases, the question then becomes whether you should use this as your primary credit card will depend on whether you’re comfortable with sinking your rewards for the down payment of a GM vehicle.

The GM Business Card does not offer any sort of financial incentives for purchases, such as 0% APR (even for purchasing GM parts or a vehicle), and balance transfers are not available through this card. 

A Signup Bonus with Steep Spending Requirements

The GM Business Card from Marcus comes with a decent cash back bonus for new accounts. New business accounts can get $750 to redeem at GM towards the purchase or lease of eligible new GM vehicles after they spend $5,000 on purchases in the first 5 months after opening an account. 

That welcome bonus is close to the value of the old sign-up bonus with the Capital One version of the card: the BuyPower. 

Enjoy 0% APR for the First 12 Months

New GM Business Card accounts also enjoy an interest-free period on purchases when opening an account. New accounts enjoy 0% APR for 12 months on purchases, followed by a variable rate after that (which you can view above). That variable rate is highly-competitive with other business cards, starting as low as around 14% for businesses with excellent credit.

Earning GM Rewards

Having one singular redemption method paired with such wide accompanying bonus categories makes this card is a powerhouse for accumulating savings towards shiny new set of wheels. Thankfully, this card has far more versatility when it comes to earning rewards than redeeming them.

Offering bonuses for purchases on gas, dining, office supplies, and of course, GM products, the business version of the Marcus GM credit card has category bonuses that are on on-par with those of more general use reward card.

  • 5% back on parts, service and accessories at authorized GM Dealers
  • 3% back at gas stations, restaurants and office supply stores
  • 1% back on all other purchases

Unfortunately, the “business” part of this credit card leaves much to be desired as it only awards companies for making purchases at dedicated office supply stores – which can be limiting if your business doesn’t operate out of a traditional office setting.

Redeeming GM Rewards

The single redemption option available for GM Business cardholders is for the lease or purchase of a GM vehicle (no more than 30 at a time). To do so, find a participating GM dealer near and your points will be deducted once used in person.

Earnings never expire and there are no limits on how much you can earn – great news if you have GMBusiness employee cards in use (which also have earning power).

This feature is unarguably useful if company vehicles need to be replaced or purchased on a regular basis, but if you’re not sure if you’ll ever purchase a GM vehicle more than a few times, you could find yourself stuck with thousands of unusable points.

FAQs About GM and Goldman Sachs

  • Goldman Sachs purchases the GM credit card portfolio from Capital One in a deal worth over $2 billion. 
  • No. There is no limit on the total number of rewards a My GM Rewards member can redeem.
  • No. GM points never expire as long as the credit cardholder’s account is open and active. Non-GM credit cardholders points may expire, depending on their loyalty sttaus.
  • Managing your My Gm Rewards account is easy.  You can manage your GM Financial Account through the GM Financial App or online by going to 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. 
  • Marcus can pull from any of the three major credit bureaus (Experian, Equifax, and TransUnion), but most datapoints point to TransUnion being the most commonly used scoring model.

Goldman Sachs Ratings

How does the My GM Rewards Card stack up? Here are a selection of expert reviews for the card and Marcus by Goldman Sachs – the card’s issuer:

Should You Apply for the GM Business Card?

Since this card is solely focused on helping pay for the acquisition of a new vehicle, this card should only be used by companies the purchase new vehicles with any sort of regularity. Otherwise, cardholders could find their earnings stuck in a credit card program with no opportunities to cash them out.

The signup bonuses are a nice touch, but nothing worth going out of your way to achieve. Still, be strategic with the time that you apply for this card in order to increase your likelihood of meeting the high spending requirements.

Overall, there is no shortage of similarly structured rewards cards that provide equally competitive returns on dining and gas (the categories that will likely do the bulk of the earning) and provide much more flexibility in their redemption options. The main GM Business Cardinstead of a cash back alternative would be because you are undoubtedly certain that you will be purchasing a GM vehicle in the near future and want to make a dent in the down payment.

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