SOME CARD INFO MAY BE OUTDATED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.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.» MORE: Best business gas credit cards
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 18.24%-27.24% 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
