The My GM Rewards® Mastercard® is no-annual-fee card earns 7x points for GM purchases, 4x points for all other purchases and offers benefits like no foreign transaction fees and $150 in annual credits.
This credit card review will cover everything you need to know about this card to determine if you should add this card or a different card to your wallet. Let’s dive right in.
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- 7x Points on GM Purchases
- 4x Points on All Other Eligible Purchases
- 0% Intro purchase APR for the first 12 months, after that reg_apr,reg_apr_type..
- No Annual Fee & No Foreign Transaction Fees
Welcome Bonus for GM Rewards Card
The My GM Rewards® Mastercard® currently offers the following welcome bonus:
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0% Intro APR
This card offers 0% Intro purchase APR for the first 12 months, after that reg_apr,reg_apr_type.
This can be a good deal if you pay off the full balance at the end of the 12 months.
No Annual Fee with GM Rewards Card
The My GM Rewards card has no annual fee, no cap on rewards you can earn, and the points don’t expire as long as you keep the card open.
Earning Points with GM Rewards Card
The My GM Rewards card earns:
- 7x Points per dollar spent at GM, which includes eligible purchases include service, parts and accessories purchased at participating My GM Rewards Card dealerships or online.
- 4x Points per dollar spent on all other eligible purchases, outside purchases at GM.
Redeeming Points with GM Rewards Card
My GM Rewards points can be redeemed for eligible GM purchases at 1 cent per point or a much lower rate of 0.25 cents per point for gift cards.
New or Leased Vehicles (1 Cent Per Point)
You can redeem an unlimited amount of points towards a new vehicle or leased vehicle at a rate of 1 cent per point.
For example, you could redeem 100,000 points for $1,000 off your new GM car.
Pre-Owned Vehicles (1 Cent Per Point)
Cardmembers can redeem up to $1,000 in points (100,000 points= $1,000 value) per calendar year toward eligible Certified Pre-Owned GM vehicles.
Points may not be used with GM Fleet vehicle incentive programs, some other offers, the GM Employee Discount Program, GM Company-Owned Vehicle Discount or GM Supplier Discount Program
GM Service, Parts, Acessories, etc. (1 Cent Per Point)
Cardmembers are eligible to redeem toward qualifying GM purchases, including:
- Customer-paid Certified Service, parts, and accessories purchased at an authorized GM dealership or online.
- Eligible GM subscription services, including most OnStar and Connected Services plans, and SiriusXM subscriptions.
- Chevrolet, Buick, GMC, and Cadillac Protection Plans.
Gift Cards (0.25 Cents Per Point)
Cardmembers can redeem up to 100,000 points per year for $250 in gift cards per calendar year.
This is not a great value at 0.25 cents per point, so I suggest you avoid this option.
My GM Rewards Card Benefits
This card comes with a lot of nice benefits including:
$100 Fuel or Electric Vehicle Credit
Cardmembers can activate an offer to receive a $100 statement credit when they spend $1,500 in fuel purchases at eligible gas stations per calendar year.
Alternatively, eligible GM electric vehicle owners can activate the offer to receive a $100 statement credit after paying 6 electrical bills in a calendar year.
No Foreign Transaction Fees
This card has no foreign transaction fees on purchases outside the U.S., which is helpful if you travel internationally to help you avoid paying a 3% fee on those international purchases.
$50 Vehicle Detailing Allowance
Cardmembers receive a $50 allowance per calendar year for vehicle detailing when they use their card to pay for detailing at a participating GM dealer each calendar year.
Mastercard World Elite Benefits
The My GM Rewards is a Mastercard World Elite credit card, which gets you access to special benefits and discounts, including:
- Fandango: Provides a $5 Fandango reward for each $20 spent on Fandango.
- Lyft: A monthly $5 Lyft credit after three rides.
- DoorDash: Existing DashPass members will automatically get a $5 discount on their first 2 DashPass orders each month. In addition, cardholders who are new to DashPass will get a free 3-month DashPass membership.
- ShopRunner: Free two-day shipping and free returns at 50+ merchants.
5 Different Card Designs
Cardmembers get the option of five different card designs based on your favorite car brand.
Pros and Cons of My GM Rewards
Here’s a quick overview of this card’s advantages and disadvantages:
Pros:
- Very high earn rate for points (7x at GM and 4x everywhere else)
- $100 in annual statement credits (after $1,500 in eligible fuel purchases)
- No Annual Fee
- No Foreign Transaction Fees
Cons:
- Rewards for non-GM purchases are low at 0.25 cents per point.
- No travel or purchase protections.
- Low welcome bonus of 15,000 points.
Alternatives to the My GM Rewards Card
Now that you know about this credit card’s various benefits and pros and cons, it’s time to see its alternatives.
Chase Freedom Unlimited®
The Chase Freedom Unlimited® (review) sets itself apart with 1.5% back on non-bonus purchases, plus higher rewards in select categories including dining and travel. This flexible rewards card becomes even more valuable when paired with a premium Chase card, allowing you to transfer your rewards to travel partners.
Welcome Bonus: bonus_miles_full
Earning Cash Back: 5% back on travel purchased through Chase Travel℠; 3% back on dining at restaurants, including takeout and eligible delivery services; 3% back on drugstore purchases; 1.5% back on all other purchases
CaBenefits: Purchase protection, extended warranty, trip cancellation and interruption insurance, secondary rental car insurance, and 0% intro APR for 15 months from account opening on purchases and balance transfers, after that reg_apr,reg_apr_type APR applies;
Bilt Mastercard®
The Bilt Mastercard® (review) lets you earn valuable travel rewards on rent payments without fees while offering bonus points on dining and travel purchases. This no-annual-fee card stands out for its unique rent payment feature and strong travel benefits like rental car coverage and trip protection.
Earning Rewards: 5x points on Lyft; 3x points on dining; 2x points on travel purchases; 1x points on rent payments without any transaction fees up to 100,000 points per year, and 1x points on everything else. (Five transactions are required per billing cycle to earn points.)
Card Benefits: No transaction fees to pay rent and earn 1x points, primary rental car insurance, cell phone protection, trip delay and trip cancellation insurance, purchase protection, and no foreign transaction fees.
Citi® Double Cash Card - 18 month BT offer
The Citi® Double Cash Card stands out with its straightforward approach to rewards, offering up to 2% back on every purchase – 1% when you buy and 1% when you pay. This no-nonsense card becomes even more powerful when paired with a premium Citi card, allowing you to transform your cash back into valuable transferable ThankYou points.
Welcome Bonus: Earn $200 cash back after spending $1,500 on purchases in the first 6 months of account opening.
Earning Rewards: 2% cash back on all eligible purchases (1% cash back when you buy and 1% when you pay for your purchases).
Is the Marcus My GM Rewards Card Worth It?
The My GM Rewards card is worth it if you know you plan on purchasing a GM vehicle or will be spending money at an eligible GM Dealership.
If you’re not sure that you can redeem points for GM purchases, then consider one of the cards above that will give you better rewards than a gift card redemption using GM Rewards points.
