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GM Business Card: A Niche Card for GM Loyalists

Rewards earned with the GM Business™ Mastercard® can be used to lease or purchase a new GM vehicle only.
Written by

Kelsey Sheehy

Edited by

Ryan Lane

Last updated on February 8, 2023

Fact checked and reviewed
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SOME CARD INFO MAY BE OUTDATED
This page includes information about the GM Business™ Mastercard®, currently unavailable on NerdWallet. The information about the GM Business™ Mastercard® has been collected by NerdWallet and has not been provided or reviewed by the card issuer.

Our Take

3.1

NerdWallet rating 

The bottom line:

The
GM Business™ Mastercard®
is best suited for businesses with high vehicle turnover, provided they stick with the General Motors brand. Even then, superior options exist with better rewards and more redemption options.
Full review

GM Business™ Mastercard®

Annual fee
$0
Regular APR
19.24%-29.24% Variable APR
Intro APR
0% intro APR on Purchases for 12 months.

More details from Goldman Sachs

  • 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 to redeem with GM when you spend $5,000 in your first 5 months.
  • 5% Earnings on purchases of eligible GM parts, accessories and service at authorized GM dealers.
  • 3% Earnings on purchases at gas stations, restaurants and office supply stores. 1% Earnings 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; thereafter, variable APR of 19.24% to 29.24%.
  • 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 Apply. Subject to credit approval.
  • View Rates & Fees

Pros & Cons

Pros

  • No annual fee.
  • Intro APR for the first 12 months; variable after.
  • Welcome bonus when you meet spending requirements.

Cons

  • Restrictive redemption options.
  • Requires good/excellent credit.

Full Review

The
GM Business™ Mastercard®
from Marcus by Goldman Sachs is a cash-back card with rewards that can’t really be redeemed for cash back. This makes an otherwise competitive card useful to a narrow slice of business owners — GM owners with a large fleet and/or frequent vehicle turnover — as rewards earned can only be redeemed on the purchase or lease of a new GM vehicle.
Business owners in this niche will appreciate the card’s welcome bonus, intro APR offer and rewards rate:
5% Earnings on purchases of eligible GM parts, accessories and service at authorized GM dealers. 3% Earnings on purchases at gas stations, restaurants and office supply stores. 1% Earnings on all other purchases.
But it’s still worth looking closely at other cash-back business cards, like the
Capital One Spark Cash Plus
card, which earns an unlimited 2% cash back, or the
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
, which earns 3% cash back on gas and other business-friendly categories.

Key features

Card type: Small business.
Annual fee: $0.
Sign-up bonus:
Get $750 in Bonus Earnings to redeem with GM towards the purchase or lease of eligible, new GM vehicle after spending $5,000 on purchases in your first 5 months.
Rewards:
1%-5%
. Rewards can only be redeemed when buying or leasing an eligible GM vehicle. 
  • 5% on GM dealership parts or service.
  • 3% at gas stations, restaurants and office supply stores.
  • 1% on all other eligible purchases. 
Intro APR:
0% intro APR on Purchases for 12 months, and then the ongoing APR of 19.24%-29.24% Variable APR based on creditworthiness.
Ongoing APR:
19.24%-29.24% Variable APR
.
Foreign transaction fee: None.
Other benefits:
  • Free employee cards (with unique spending limits).
  • Discounts with various vendors, including Zoho, QuickBooks (Online and Payroll), Salesforce and ShopRunner. 

Why you might want the GM Business™ Mastercard®

You frequently purchase or lease new vehicles
Cash back earned with the
GM Business™ Mastercard®
can only be used to purchase or lease a new GM vehicle (from the current, previous or next model year). That’s not a fit for most businesses, but it may be appealing to general contractors, landscapers and other professionals who put a lot of miles on their business vehicle and can benefit from the cash-back bonus categories (3% at gas stations, 5% on GM dealership service and parts) and the card’s very specific redemption options.
You have a fleet of GM vehicles
The
GM Business™ Mastercard®
earns its highest rewards rate (5%) on GM dealership parts and service. While that may not pay off for a business with one or two GM vehicles, it could pay dividends for those with a large fleet in constant service. Plus, you can cash in your rewards when it’s time to upgrade one of your vehicles.

Why you might want a different card

Extremely limited redemption options 
The one main drawback of the
GM Business™ Mastercard®
is a big one: The cash back you earn can only be redeemed on the purchase or lease of new GM vehicles, making this a niche card that really only suits businesses with high vehicle turnover.
Business owners can earn more rewards (and snag a better sign-up bonus) with a general business rewards card. The
U.S. Bank Business Triple Cash Rewards World Elite Mastercard®
, for example, earns the same 3% back on gas stations, restaurants and office supply stores, with no annual fee, while offering a $
750
sign-up bonus when you meet spending requirements and 0% introductory APR for the first
12
months (then
17.99%-26.99% Variable APR
). And the cash back you earn can be redeemed as a statement credit or deposited into a U.S. Bank checking, savings or money market account.

Should you get the GM Business™ Mastercard®?

The
GM Business™ Mastercard®
isn’t a fit for most businesses, largely due to its restrictive redemption options. Unless you regularly purchase or lease new vehicles, look to other business credit cards for better rewards, higher sign-up bonuses and more flexible redemption options. GM loyalists can also opt for the consumer-branded My GM Rewards Card, which offers higher rewards rates and more ways to cash out your cash back.

New elevated offer

 
American Express® Business Gold Card
American Express

American Express® Business Gold Card

Rates and Fees

NerdWallet Rating  
4.3
Bonus Amount  

100,000

Read Review
Apply now

on American Express' website

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