How To Get A Gm Card To Fix My Car

Snapshot

iv.1

Bankrate rating

Lesser line

The My GM Rewards Card earns high-throttle rewards on eligible GM and everyday spending for staggeringly few fees, merely the card'due south limited redemption options mean it may only brand sense for GM lessees.

Apply now

on Goldman Sachs Bank USA's secure site

BEST FOR GM PAYMENTS & LEASES

My GM Rewards Menu™

Intro offer

15,000 points

Regular APR

17.24%-27.24% variable buy Apr based on creditworthiness. Rates as of 8/1/2022

Recommended Credit Score

Good to Fantabulous (670 - 850)

My GM Rewards Card™ Overview

GM'due south My Rewards Program already offers solid loyalty rewards for nearly all things GM: eligible new and used vehicles, parts and accessories, dealership service and more than. But the My GM Rewards Card™ takes things upward a notch, boasting a generous rewards rate on both everyday and GM-specific spending as well as several valuable perks, including a $100 annual statement credit each year you spend $1,500 on fuel.

That said, the carte's redemption restrictions and other fine print may leave you idling. Indeed, you can but redeem points toward an eligible GM purchase or — by taking a big cut in indicate value — for souvenir cards from a partner merchant.

While the My GM Rewards Card earns kudos for its depression fees and loftier rewards rates, its limited redemption options make it worthwhile only for a niche audition: GM loyalists who programme to use the card for almost all spending and save upward rewards to starting time the cost of a GM vehicle or other GM expenses. But since rewards tin can't go toward armada vehicles or be combined with employee discounts, this card is mainly helpful for leasing new vehicles.

What are the pros and cons?

Pros

Remarkably low rates and fees — no annual, foreign transaction, balance transfer or cash accelerate fees or penalty APR
Its 4X points is ane of the all-time reward rates available for full general purchases (but when redeemed for GM-related purchases)
Carries Earth Elite Mastercard benefits — impressive considering in that location's no annual fee
Its intro APR covers purchases, which could be helpful for large expenses like car repairs

Cons

The 15,000-indicate welcome offering is but worth up to $150, but requires spending $ane,000 within the first three months
Unless yous're redeeming for a new vehicle, leased vehicle or non-vehicle GM purchases, your rewards have an annual redemption value cap: $250 per year for gift cards and $i,000 for eligible used vehicles
Oddly, the high World Elite Mastercard benefit tier doesn't include driving-based perks like roadside dispatch service, auto rental collision damage coverage, travel insurance or fifty-fifty basic purchase protections

A deeper look into the current card offer

Quick highlights

Rewards rate: 7X points on paid GM Certified Service, GM Genuine Parts, ACDelco Parts, eligible accessories and near OnStar and GM Connected Services plans; 4X points on all other purchases
Welcome offering: fifteen,000 points after spending $1,000 on purchases within the first three months
Annual fee: $0
Purchase Intro APR: 0 pct intro APR for 12 months
Balance Transfer Intro APR: Northward/A
Regular APR: 17.24 pct to 27.24 pct (variable)

Electric current welcome offering

As a new cardholder, you can earn 15,000 bonus points after spending $1,000 on purchases within your start 3 months. This offering weighs in at a maximum value of $150 if you redeem for eligible GM purchases, though this can plummet to well-nigh $38 if you redeem points for gift cards instead.

On the one hand, welcome bonuses aren't always bachelor on niche co-branded cards and a $i,000 spend should be relatively easy to accomplish in the commencement three months, especially if you use the bill of fare for most of your everyday spending or large expenses like a car repair. On the other, a $150 bonus value is below average, even for a card with no annual fee. Many competitors offering at least a $200 value for the same (or a lower) spending requirement.

Rewards rate

The GM Rewards menu's rewards program may seem a bit one-note at first: You'll earn the most points on eligible purchases with GM, including servicing, parts and accessories, as well every bit a lower flat rate on all other purchases. Couple this with the linked My GM Rewards loyalty program, however, and you lot'll earn rewards via a range of other GM purchases.

How you lot earn

The My GM Rewards Card earns 7X points on eligible GM purchases, including paid service, parts, accessories, WiFi at GM dealerships and select OnStar and GM Connected service plans. All other spending on your card will earn 4X points.

Luckily, you lot tin also reap extra rewards on other GM expenses through the My GM Rewards program, including 1X points per $five spent on new GM vehicles and leases at a GM dealership, 2,500 points per pre-owned vehicle purchased at a GM dealership and two,500 points per Protection Plan (i.eastward., extended coverage for certain repairs) purchased at a GM dealership.*

To get a sense of how much you could earn by combining the carte du jour and GM loyalty program, let's say you purchased a new 2021 Chevrolet Silverado 1500 LT 4WD (the best-selling GM vehicle of 2021, according to Kelley Blue Book) with a double cab and standard bed at the $37,210 MSRP. Factoring in a few GM rewards-eligible purchases and major first-yr expenses (with taxes and fees, insurance and maintenance estimates based on Edmunds' guide for this vehicle), here are the rewards y'all can expect to pocket, bold a i-cent-per-point redemption value:

$37,210 new vehicle MSRP (1X points per $v of the MSRP) = 7,442 points via loyalty plan, a $74.42 value
$220 MSRP for first row and second row GM flooring liners (7X points) = 1,540 points via card, a $15.forty value
$755 of Insurance (4X points) via card = 3,020 points, a $30.20 value
$247 of maintenance (7X points) via card = one,729 points, a $17.29 value
$1,541 in taxes and fees (4X points) via card = 6,164 points, a $61.64 value</li>
Protection Plan = 2,500 points, a $25 value
$479.99 OnStar Essentials programme ($39.99 per month; 3X points) via bill of fare = 1,439 points, a $xiv.39 value
Total: 23,834 points, a $238.34 value

This is a great value, even when you compare it to what y'all'd earn with the best ii per centum flat-rate cash back cards: Effectually $65 if you used it to cover everything but the protection plan and the car itself (a petty over $iii,200 in total charges).

Keep in mind a few caveats, though: You won't earn points on purchases for business organisation or commercial use (based on how the issuer reviews them), GM Fleet vehicles or work related to warranties, recalls or the body shop. This ways that some of the people who tin benefit most from the GM carte may non earn points on the bulk of their GM spending.

Instead, business owners should consider the GM Business concern Card™, which offers a slightly different rewards structure. If y'all're because pairing cards to encompass your bases, it's besides important to note that you tin't pool rewards between GM cards or even agree multiple GM cards like other issuers may allow.

*Participating GM dealerships include Chevrolet, Cadillac, GMC and Buick dealership locations. Pontiac, Saab, Saturn, Hummer (H2, H3) and Oldsmobile owners may likewise be able to earn rewards on service, parts and etc. at these locations.

How to redeem

Though there are a ton of ways to earn rewards with the My GM Rewards card, the redemption process is tangled in restrictions.

You have two main redemption options: credit towards an eligible GM purchase or souvenir cards from partner merchants. And although it's the only fashion to use your rewards exterior of GM discounts, nosotros'd recommend against redeeming for gift cards since this requires you lot to slash your betoken value by 75 per centum down to 0.25 cents apiece.

At that place'due south no limit to how many points yous can redeem toward a new vehicle, vehicle lease or select non-vehicle GM purchases, just you can simply redeem $ane,000 worth of points (100,000 points) per year toward eligible pre-endemic vehicles. Souvenir cards are limited to $250 worth of redemptions per yr (100,000 points). To be fair, this may not be a big drawback for the average cardholder considering you'd demand to spend approximately $14,300 to earn enough points to max out the $one,000 pre-owned vehicle redemption limit each year, or around $3,575 minimum to max out the $250 gift card redemption limit.

To cover your GM purchases, y'all tin can redeem your points either at the dealership or through your online account for a statement credit. Along with souvenir cards and new or used vehicles and vehicle leases, you can redeem for the following:

Service at a GM dealership, including oil changes, tires, tire rotations, wiper replacement and brake and engine repairs
Eligible accessories, including wheels and floor liners
GM Genuine and ACDelco parts
Select OnStar and GM Connected Services plans
SiriusXM subscriptions
GM Protection Plans for Chevrolet, Buick, GMC and Cadillac vehicles
GM Financial monthly charges

Of form, since you can only apply your points one time you receive your adjacent billing argument, you can't put the windfall of points you earn from buying a vehicle toward the cost of the vehicle itself. You'll accept to utilize your rewards toward future GM purchases, which ways you're substantially locked into ownership from the dealership.

Unfortunately, y'all also can't combine points with other discounts, packages or promotional offers, including the GM fleet vehicle incentive program or any GM or GM-affiliated visitor employee discounts. These audiences are perhaps some of the best potential cardholders since they'd be more likely to spend heavily on GM vehicles, parts and service for a dedicated credit bill of fare.

How much are the rewards worth?

Redeeming your rewards toward qualifying GM purchases will get you lot a value of i cent per point. Meanwhile, using points toward a gift bill of fare will force you to sacrifice point value, as points are worth but 0.25 cents apiece when redeemed this way.

Getting 1 cent per point essentially means the My GM Rewards card earns an incredible 7 percent dorsum on eligible GM purchases and four percentage back on everyday spending — easily beating out the typical 2 per centum back y'all see on the best flat-rate greenbacks dorsum cards. However, since your points only conduct full value toward GM purchases, these impressive advantage rates might not exist equally lucrative in practice as they are on paper.

Bankrate insight

To guess your potential rewards value, consider the price of owning a machine. According to AAA, Americans spent an average of $ane,425 on auto repairs in 2021. Bold that a GM dealership could make all of those repairs, you'd get just shy of $100 in rewards back on those costs.

Other cardholder perks

When information technology comes to perks, the My GM Rewards card is a mixed purse. Though it carries automatic Gilt Tier rewards program condition and a couple of valuable annual statement credits for vehicle detailing and fuel or electrical charging, the card lacks many basic automobile-centric perks. You'll miss out on perks like roadside dispatch service, motorcar rental collision impairment coverage, travel insurance or purchase and extended warranty protections for your big purchases.

Noteworthy benefits of the carte du jour include:

Higher redemption limits and automated Gold Tier status

My GM Rewards members typically must ascent through the loyalty program's ranks to obtain college almanac redemption limits, but the My GM Rewards bill of fare gives you the highest limits right off the bat.

The card as well starts you lot off with automatic Gold Tier status and gives you lot a card-sectional way to stride up to Platinum Tier by spending at to the lowest degree $15,000 in combined purchases each year. Without the carte, qualifying for the Platinum Tier typically requires a three-year total spend of at least $110,000 on new GM vehicles or a combined spend of $1,500 to $two,499 on other GM purchases.

Because Platinum Tier status but earns y'all an exclusive level of call center support and access to tickets for experiences like concerts and sporting events, this benefit doesn't amount to much unless you're a very big spender and utilise the GM Rewards card for most of your purchases.

Upwardly to $150 each year toward fuel and detailing

Some other card-exclusive perk is an upward to $100 statement credit dorsum on $one,500 of fuel at eligible gas stations per calendar twelvemonth (later offering activation), or for six electric bill payments in the aforementioned timeframe if you're charging an electrical machine (requires linking your electrical vehicle to your My GM Rewards account). If y'all're interested in a corrective touch-upwards, y'all can also go a $50 assart toward vehicle detailing at a participating GM dealership as well (substantially a credit for the service if utilized; no activation required).

These two benefits are easily the carte du jour'southward nearly valuable, and could internet even boilerplate spenders at least $100 back in their wallet every year. However, the $50 detailing value isn't as much of a bargain for any service also a basic cleaning considering total detailing packages tin can typically toll upwardly of $200.

World Elite Mastercard benefits

The My GM Rewards Card carries a bevy of World Elite Mastercard benefits, including partner perks and a few travel services. Highlights include:

DoorDash: Existing DashPass members receive $5 off their first two orders each calendar month, and new members get a free three-month membership
Lyft: Receive a $five credit each calendar month after three rides or purchases
HelloFresh: 5 per centum back on purchases for futurity orders
ShopRunner: Costless ii-day shopping on all orders

Rates and fees

Retail cards and other co-branded cards are infamous for parades of loftier rates and fees, but the GM Rewards card's fees are among the best we've seen in this category. There are no annual fees, foreign transaction fees, balance transfer fees, cash advance fees or even a penalty APR to worry about. No annual fee cards are a dime a dozen and several of those waive foreign transaction fees and the penalty Apr, nonetheless it's very rare to observe a card with no balance transfer or cash accelerate fees.

The menu as well comes with a 0 percent intro Apr offering on new purchases for your commencement 12 months equally a cardholder, after which the ongoing variable April of 17.24 pct to 27.24 percent (based on creditworthiness) applies. While this is far from the longest intro April period out there, it'due south nonetheless a welcome feature, especially considering this card is geared toward auto spending and the intro Apr could allow you to fleck away at large expenses like motorcar repairs while completely avoiding interest charges. The card does not deport an intro APR offer on rest transfers, but its low-end ongoing APR (17.24 percent to 27.24 percent variable) is just nether the average credit card April.

How the My GM Rewards Card compares to other rewards cards

Selecting rival cards to compare to the GM Rewards card is tricky since most cards don't offer reward categories tailored to machine dealership or automotive purchases. That said, a practiced zero-involvement card or flat-rate cash back carte du jour could exist a rewarding option for vehicle-related purchases if y'all have enough money in the bank to cover it.

My GM Rewards Card™

4.1

Use now

on Goldman Sachs Depository financial institution The states'south secure site

Intro offering

xv,000 points

Recommended credit

Good to Excellent(670 - 850)

Wells Fargo Active Cash® Card

Intro offering

$200 greenbacks rewards

Recommended credit

Good to Fantabulous(670 - 850)

Capital 1 Walmart Rewards® Mastercard®

Recommended credit

Fair to Proficient(580 - 740)

My GM Rewards Card vs. Wells Fargo Active Cash® Carte du jour

The GM Rewards card's 4X points on all non-GM purchases technically provides double the rewards value of the Wells Fargo Active Greenbacks® Card, but the Agile Cash has an advantage with its unlimited 2 percent cash rewards on purchases, which tin go right into your wallet instead of into a GM discount. A ii percentage flat rewards rate is one of the best you lot'll find on automotive purchases and the carte du jour's $200 cash rewards bonus later on you spend $ane,000 spend in your get-go iii months is swell.

Plus, the Active Greenbacks can keep interest at bay on upcoming auto expenses longer, for 15 months with its 0 percent intro April on purchases and qualifying balance transfers from business relationship opening (then a 17.99 percent, 22.99 percent or 27.99 percent variable APR; 3 percentage intro residuum transfer fee for your start 120 days, and so up to 5 percent, $5 minimum).

What'southward more, the Active Cash is a Visa Signature card that comes with a few benefits that may be more than helpful for drivers than subscription service perks. These features can include 24/vii pay-per-use roadside dispatch, an auto rental collision damage waiver and Wells Fargo's staple cellphone protection against damage of theft (upwardly to $1,200 per year across up to two $600 claims, minus a $25 deductible).

My GM Rewards Card vs. Uppercase One Walmart Rewards® Mastercard®

Despite not offering an intro purchase Apr or boosted rewards on GM purchases, the no-annual-fee Capital I Walmart Rewards® Mastercard® still stands every bit i of the better rewards cards for automotive-related purchases. Its 5 per centum greenbacks back at Walmart.com and ii pct in-shop (5 percent in-shop during the first 12 months when using Walmart Pay) gives you fantabulous rewards earning potential thanks to the superstore's sweeping auto department. The boosted greenbacks back rate even applies to Walmart Car Care Eye service, tires, parts, accessories and more than. You'll also earn 2 percent back on travel, restaurant and Walmart fuel station purchases — handy categories for commuters and fans of route trips.

If you're more than of a wholesale shopper and adopt total-throttle gas rewards, the Costco Anywhere Visa® Card by Citi is a good alternative for pit stops. Similarly, this card earns 4 percent cash back on eligible gas and EV charging purchases (on up to $7,000 per year, then ane percent back), plus three percent back on restaurants and eligible travel. What may be more appealing to automotive enthusiasts is the ii percentage Costco and Costco.com cash dorsum category, which covers a huge selection of tires, in-club vehicle services, parts, accessories and even garage flooring. Your carte du jour may also come in handy with the Costco Motorcar Programme and its dealership partners' prearranged vehicle offers.

Best cards to pair with the My GM Rewards Carte

Since the My GM Rewards Card is but valuable for GM-brand spending, there's a sea of rewards cards that can maximize your rewards on other purchases. A card like the Blue Cash Preferred® Menu from American Express could be cracking for gas and commuting via other means, and the Chase Sapphire Preferred® Bill of fare is a versatile pick for a variety of purchases if you desire to travel beyond your car.

With so many partner cards to cull from, finding which categories sync upwards with your biggest expenses is an fantabulous first pace toward finding which rewards carte is best for you.

Bankrate's Accept: Is the My GM Rewards Bill of fare worth information technology?

If you're willing to funnel all your rewards toward the cost of a GM car or service, parts and repairs at a GM dealership, then the My GM Rewards Card tin can offer terrific rewards value and some solid perks with remarkably few fees.

That said, the card's laundry list of restrictions narrows the already niche audience to the point that but GM loyalists who spend thousands on GM purchases each year are likely to meet the benefit. Y'all should mainly consider the My GM Rewards Card if you lot ordinarily swap out leased vehicles or service several vehicles at the dealership.

Frequently Asked Questions