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If your daily drive involves a General Motors product or you are in the market for a new car in 2024, you might consider the My GM Rewards® Mastercard®. This card earns rewards points that can make your next vehicle purchase or lease more affordable. This card also provides several benefits that can make this an excellent card for commuting or road trips. Here’s our review of the My GM Rewards Card.
My GM Rewards Card Review
The My GM Rewards® Mastercard® (See terms and conditions) is available from Marcus by Goldman Sachs and has a $0 annual fee and a $0 foreign transaction fee (See Rates & Fees). It’s a Mastercard World Elite® benefits product, ideal for GM households.
Some of the featured card benefits include earning up to 7X rewards points on purchases and Automatic Gold Tier status within the My GM Rewards loyalty program.
This card also pairs with the GM Business™ Mastercard® which can be an exciting option for business travelers. Check out our GM Business Card review for further details.
15,000 Bonus Points Signup Offer
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.
You can redeem your points towards a new GM vehicle purchase or lease with no limit. For example, spending $12K per year on everyday purchases will earn you 48,000 points/$480 toward future redemption with GM.
You can also redeem points, with no limit, towards:
- GM Financial – GM Financial is the company through which most customers have their Loan or Lease, so customers can now redeem unlimited points to pay for their loan/lease
- Paid GM Certified Service – Repairs or Service at dealers
- GM Genuine Parts and ACDelco Parts
- Eligible accessories
- OnStar and Connected Services plans
- Protection Plans
- SiriusXM
Points add up fast.
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Earn Up to 7X Points
Earn unlimited 7X total points per $1 spent with GM when you use your My GM Rewards Card on qualifying purchases, including on paid GM Certified Service, GM Genuine Parts and ACDelco Parts, eligible accessories, and most OnStar® and Connected Services plans.
All remaining purchases earn 4X points per $1, everywhere, every day.
Each point is worth approximately one cent when you redeem them for a new vehicle purchase or lease.
GM Certified Pre Owned Vehicles are also eligible for the maximum redemption value. It’s also possible to redeem your points for gift cards to participating brands.
Your points won’t expire as long as your account remains in good standing.
Related: Best Credit Card Rewards For Road Trips
Annual $100 Statement Credit
Each year, Gold and Platinum Cardmembers can receive a $100 card statement credit after making $1,500 in fuel purchases per calendar year. Or, get a $100 statement credit by paying 6 months of electric bills per calendar year for a registered GM electric vehicle owner.
$50 Vehicle Detailing Allowance
You can also receive an annual allowance worth $50 in detailing at participating GM dealerships. This benefit is available each calendar year. Simply use your My GM Rewards® Mastercard® for vehicle detailing to enjoy this benefit (See terms and conditions).
Automatic Gold Tier Status
Cardmembers also receive automatic My GM Rewards Gold Tier loyalty status.
This is the mid-tier status level, and your benefits can include redeeming unlimited points for a new vehicle purchase or lease. Gold Tier members can also redeem up to $1,000 in points for pre-owned vehicle purchases or up to $250 in certified service and accessories.
You can also receive special offers to help save money on vehicle ownership.
Customized Card Design
Cardholders can choose a card design for their favorite GM brand. The options include Chevrolet, GMC, Buick, or Cadillac.
Along with multiple card designs, you can enjoy the convenience of a virtual card. The Marcus App provides a virtual card number that can be easier and more secure than punching in your physical card details for online purchases.
Additional Card Benefits
The My GM Rewards® Mastercard® also features these additional perks:
- Mastercard World Elite benefits. Discounts and credits for dining, entertainment, travel, and experiences. Up to $800 in complimentary cell phone protection (after a $50 deductible) is also standard.
- Marcus Insights: Free financial tools and trackers that can provide personalized insights by analyzing your financial accounts.
- See terms and conditions
No Annual Fee
The My GM Rewards Card has a $0 annual fee and a $0 foreign transaction fee (See Rates & Fees).
There are also no balance transfers or cash advance fees, but interest charges may apply. Late fees may also apply.
Final Thoughts
You might consider this card as an alternative to a cash back credit card if you’re a General Motors enthusiast as you can earn more points on purchases. While you must be patient with redeeming your points, you can enjoy up to $150 in annual credits and unlock other exclusive GM benefits. Note that you’ll need Good or Excellent credit to qualify for the card.
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