Who issues the GM credit card?

Who issues the GM credit card?

Marcus by Goldman Sachs®
Marcus by Goldman Sachs® is a brand of Goldman Sachs Bank USA and Goldman Sachs & Co. LLC, which are subsidiaries of The Goldman Sachs Group, Inc. 1 Subject to credit approval. Cardmembers will earn 4 points for every dollar spent on the My GM Rewards Card on eligible purchases outside of GM.

What is a GM credit card?

The My GM Rewards Card™ card can potentially help lower some of those car-related expenses. The $0-annual-fee card, issued by Goldman Sachs, earns rewards for General Motors Co. purchases as well as everyday spending. Those rewards, however, are only valuable toward GM-specific costs.

What happened to my GM credit card?

GM is ending its credit card partnership with Capital One in late February. The card will remain part of the MasterCard lineup.

Who bought out GM credit card?

Goldman Sachs purchases the GM credit card portfolio from Capital One in a deal worth more than $2 billion. The purchase has already resulted in the launch of a new credit card, the My GM Rewards Mastercard, last week – along with the new My GM Rewards loyalty program.

Is GM credit card changing?

Goldman Sachs Bank USA is issuing the My GM Rewards Card and replacing Capital One as the partner for co-branded cards from GM. Many existing cardholders will get upgraded to the new Mastercard automatically, and Marcus by Goldman Sachs will start servicing existing GM cardholder accounts in late February.

What can GM card earnings be used for?

With each GM Card, not only can you put your Earnings toward the purchase or lease of a new, eligible Chevy, Buick, GMC or Cadillac, but you can also use your Earnings as a down payment on a vehicle to reduce your monthly payment or add extra features and equipment.

How do GM card Earnings work?

Every purchase you make with the GM Card helps you accrue Earnings, which can be put toward the purchase or lease of a new Chevrolet, Buick, GMC or Cadillac vehicle at Markquart Motors. For the first 12 months of using your GM Card, your APR interest rate is 0%, provided all your payments are made on time.

What is the new GM card?

Introducing the All-New My GM Rewards Card™. Get 15,000 bonus points when you spend $1,000 in your first 3 months5 and 0% Intro purchase APR for the first 12 months variable of 16.49% to 26.49% APR after6. Applying does not impact your credit score.

Do GM card Earnings expire?

GM Business Card There is no limit to the amount of Earnings you can accumulate or how much you can redeem toward your new vehicle, and Earnings don’t expire on an Account in good standing. You can also combine your Earnings with most current GM offers and incentives.

Is GM card changing?

What bank took over GM card?

Marcus by Goldman Sachs
GM Cardmembers, we can’t wait to meet you! It means you’ll go to Marcus by Goldman Sachs to manage your card account and make payments.

Is GM card Now Marcus?

GM Cardmembers, we can’t wait to meet you! Marcus by Goldman Sachs will begin servicing your account on February 22 and we could not be more excited. What does this mean? It means you’ll go to Marcus by Goldman Sachs to manage your card account and make payments.

Can you buy a car with GM card?

Yes, you can buy a used car with your GM Credit Card, as long as your credit limit allows it. You can also redeem points toward eligible pre-owned vehicle purchases.

Can GM card earnings be transferred?

You may transfer all or part of your Earnings to any supplementary Cardholder on your GM Card Account or the following immediate family members residing at the same address for the immediate purchase or lease of an eligible new Chevrolet, Buick, GMC or Cadillac: parents, grandparents, spouse, siblings, grandchildren.

How can I use my GM card Earnings?

To redeem your Points toward the retail purchase or lease of an eligible, new GM vehicle or up to $1,000 in Points toward the purchase of one Certified Pre-Owned (CPO) GM Vehicle per calendar year, simply: Visit an authorized My GM Rewards Card participating Chevrolet, Buick, GMC or Cadillac dealership of your choice.

How do I pay my GM card?

Customer Service – Help & Pay By Phone The GM Credit Card customer service phone number for payments is 1-833-773-0988.

How do I redeem my GM earnings?

To redeem the Earnings you have accumulated, visit gmcard.ca and select “My Earnings” or contact the GM Card Reward Centre at 1-888-446-6232 to verify your total Earnings available. Once verified, visit any authorized GM dealer and choose your eligible new vehicle.

Do GM points expire?

Non-Cardmember Points will expire without further notice upon Member Account deactivation. Points earned prior to September 8, 2021 will expire five (5) years from the date of the last Eligible Activity associated with the Member Account.

  • August 31, 2022