My GM Rewards Card™

My GM Rewards Card™ Review

This is a rewards card issued by Goldman Sachs Bank USA. If you're wondering whether My GM Rewards Card is the right card for you, read on.

Key Takeaways

• Generous reward rate. You can get a maximum cashback rewards rate of up to 7x.
• Get 15,000 bonus points when you spend $1,000 in your first 3 months.
• Points can be redeemed towards a new or leased GM vehicle with no cap on the amount you can redeem. Redeem for any amount with no minimum. For example, 10,000 points is worth $100 when redeemed for a new or leased GM vehicle. Points can be redeemed towards a Certified Pre-Owned GM vehcile up to 100,000 points ($1,000) per calendar year.
• Earn 7x total points for every $1 spent at GM. Earn 4x points for every $1 spent (everywhere else).
• 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for up to 12 months.
• Earn unlimited 7x total points with GM. 4x points on purchases everywhere else.
• High APRs. This is not a great card for people who carry a balance. It has a variable purchase APR that ranges from 19.49% up to 29.49%.
• No annual fee*. This is a great option for people looking for a low-maintenance rewards card. It gives you rewards on your purchases, but you don't have to pay an annual fee for the privilege.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• Soft credit pull. You can check whether you qualify for My GM Rewards Card™ without a hard pull on your credit report. Most credit card issuers don't offer this option.
• Fair or better credit required. You will have good approval odds if your credit score is above 660.

Pros & Cons of My GM Rewards Card

My GM Rewards Card FAQ

Does My GM Rewards Card have a cash back or rewards program?

My GM Rewards Card is a rewards card.

What are the My GM Rewards Card benefits?

It provides the following benefits:

• Zero fraud liability
• Reports to major credit bureaus

What are the relevant APRs for My GM Rewards Card?

My GM Rewards Card™ has a variable purchase APR that ranges from 19.49% up to 29.49%. It also has a variable cash advance APR of 29.99% .

The good news is this card does not charge a penalty APR if you are late on a payment.

What are the fees for My GM Rewards Card?

The following fees apply:

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost rewards card.

Does My GM Rewards Card™ report your account activity to credit bureaus?

Yes, My GM Rewards Card™ reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help improve your credit.

How to apply for My GM Rewards Card

• Visit the My GM Rewards Card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.