Barclays
GM Rewards™ Mastercard®
Key Features
| Annual Fee | $0.00 |
| Intro APR | Introductory 0% APR for 9 months on qualifying GM purchases greater than $499. After that a variable APR will apply, 22.24% to 32.24%, based on your creditworthiness. Take advantage of this offer within the first 30 days of account opening. After the first 30 days of account opening, enjoy a promotional 0% APR for 6 months on qualifying GM purchases over $499 when you use your GM Rewards™ Mastercard®. After that, a variable APR will apply, 22.24% to 32.24%, based on your creditworthiness. |
| Regular APR | Purchases – 22.24% to 32.24%, based on your creditworthiness and other factors. This APR will vary with the market based on the Prime Rate. Balance transfers - 22.24% to 32.24% based on your creditworthiness and other factors. This APR will vary with the market based on the Prime Rate. APR for cash advances – 33.24% This APR will vary with the market based on the Prime Rate. |
| Other Fees | Balance transfer fee – Either $5 or 5% of the amount of each transfer, whichever is greater. The minimum monthly interest charge will be $1.00. Cash advance and fee: 5% (min. $10). Foreign transaction fee: 3%. |
| Network | Mastercard |
About this card
The GM Rewards Mastercard is a mixed bag. Its strengths lie in the rewards program, particularly for GM enthusiasts, and the absence of an annual fee. The rewards rate of up to 10x points on GM purchases and 3x points on all other purchases is attractive. However, the high regular APR (22.24% to 32.24%) significantly detracts from its overall value, especially for those who carry a balance. The presence of foreign transaction fees and high balance transfer fees are also negative aspects. While the card suits individuals loyal to GM, the high APR and other fees limit its broad appeal. The introductory 0% APR offer on GM purchases is a short-term benefit, but the long-term cost of carrying a balance is substantial. Considering these factors, an overall rating of 2.7 reflects the card's limited value proposition for the average consumer.
Pros & Cons
What's great
- No annual fee
- Generous sign-up bonus
- Intro APR period
- Cashback on purchases
Things to consider
- High regular APR
- Foreign transaction fees apply
- High balance transfer fee
What this card offers
Sign-up bonuses
- Earn 30,000 bonus points after spending $1,000 in the first 90 days of account opening.
Rewards
- Up to 10x points - that’s 7x points on every $1 spent on eligible GM purchases when you use your GM Rewards™ Mastercard®, plus up to 3x points for being a GM Rewards Member.
- Earn 3x points for every $1 spent on all other purchases, including groceries, gas, restaurants, travel and more.
Other features
- Introductory 0% APR for 9 months on qualifying GM purchases greater than $499. After that a variable APR will apply, 22.24% to 32.24%, based on your creditworthiness. Take advantage of this offer within the first 30 days of account opening.
- Enjoy the flexibility of digital wallets With Apple Pay® and Google Pay®, store your digital card securely and, at the same time, enjoy even more convenience.
- Online access to your FICO® Credit Score lets you keep an eye on your credit score and get alerts when we learn that your score has changed.
- $0 fraud liability – you are not responsible for any charges you do not authorize. This is one more way we protect you and your peace of mind.
- After the first 30 days of account opening, enjoy a promotional 0% APR for 6 months on qualifying GM purchases over $499 when you use your GM Rewards™ Mastercard®. After that, a variable APR will apply, 22.24% to 32.24%, based on your creditworthiness.
- Add authorized users to your account to increase your earnings, earn even more from authorized user purchases.
- Enjoy all the card benefits for $0 annual fee.
- Redeem your points for many items related to Chevrolet, Buick, GMC, Cadillac and other GM products and services.
- See if you pre-qualify with no impact to your credit score.
Additional Notes
The GM Rewards™ Mastercard® is issued by Barclays Bank Delaware pursuant to a license from Mastercard International Incorporated. General Motors LLC operates and administers the GM Rewards Program.