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If your business requires a lot of driving or maintaining a driver fleet, you may appreciate credit card rewards that can help replace your work vehicle at a lower cost. The GM Business™ Mastercard® is an exciting option if you’re a General Motors fan.
About the GM Business Card
The GM Business™ Mastercard® is for small business owners and is offered by Marcus from Goldman Sachs (See terms and conditions).
This card has a $0 annual fee and a $0 foreign transaction fee (See Rates & Fees). This card also offers a nice signup bonus.
Signup Bonus
New GM Business™ Mastercard® members can get $750 in Bonus Earnings to redeem with GM when they spend $5,000 in their first 5 months (See terms and conditions).
Earn Up to 5% Back
You will earn unlimited Earnings on purchases:
- 5% Earnings on purchases of eligible GM parts, accessories, and services at authorized GM dealers
- 3% Earnings on purchases at gas stations, restaurants, and office supply stores
- 1% Earnings on all other purchases
It’s possible to redeem your Earnings when buying or leasing eligible GM vehicles, with no redemption limits, with the GM Business Card.
Your Earnings won’t expire as long as your card account remains active and in good standing.
World Elite Mastercard for Business Benefits
The GM Business™ Mastercard® is a World Elite Mastercard for Business product and also sports these benefits:
- Discounts for select business services (i.e., Microsoft, Zoho Social, Intuit)
- Free ShopRunner membership
- Cell phone protection
- Business assistant concierge
- Business travel discounts
- See terms and conditions
Free Additional Employee Cards
Additional employee cards are free. Additionally, you can create spending controls to help manage your accounts. Plus, you can still combine your spending reports to make bookkeeping easier.
Related: Best Small Business Credit Cards for Travel Rewards
No Card Fees
You won’t experience these three common credit card fees:
- Annual fee
- Foreign transaction fee
- Cash advance fees
Related: Best No Annual Fee Business Credit Cards
Bonus: My GM Rewards Card
If you are interested in a consumer card, the My GM Rewards® Mastercard® might be for you (See terms and conditions).
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 pts/$480 toward future redemption with GM.
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.
Already have a GM vehicle? Use your points toward your GM Financial account, Certified Service, eligible Accessories, and more.
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
Cardholders earn unlimited 7X total points per $1 spent with GM when they use their 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.
Even better, all remaining purchases earn 4X points per $1, everywhere, every day.
Additionally, 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.
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.
It has a $0 annual fee and a $0 foreign transaction fee (See Rates & Fees).
You can read more about this card in our My GM Rewards Card review.
Summary
Work vehicles are a hefty business expense. The GM Business Card can help maximize your business trips and ongoing car maintenance. These rewards can also ease the financial commitment that accompanies replacing your vehicle. Plus, if you can earn 5% back on GM purchases, you can be on your way to earning a nice redemption option.
$750 to redeem at GM bonus offer: GM Business™ Mastercard® (See terms and conditions)
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Nice Car but it is so expensive !