Review
Barclays GM Rewards™ Mastercard® Review: Earn Big on GM Purchases
If you're a GM enthusiast, the GM Rewards™ Mastercard® could be your ticket to savings on your next vehicle or service, offering high rewards on GM purchases and everyday spending. But is it the right fit for your wallet?
| Annual Fee | $0.00 |
| 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. |
| 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. |
| Rewards Rate | 3x-10x points |
| Sign-up Bonus | 30,000 bonus points |
| 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%. |
Overview
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
Benefits
Drawbacks
Decision Guidance
Summary
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 attrac...