GM Business Card Review: Strong Earnings but Limited Rewards

Overview of the GM Business MasterCard

The GM Business™ Mastercard® provides significant benefits for businesses with a fleet of General Motors vehicles, but offers little for others. You’ll benefit from competitive earning rates with no annual fee, though there are few perks and redemption choices for those who don’t spend much with GM. Card rating*: ⭐⭐⭐½

The information regarding the GM Business Mastercard has been gathered independently by Dinogo. The card details presented on this page have not been reviewed or endorsed by the card issuer.

*Card rating is derived from the perspective of TPG's editors and remains unaffected by the card issuer.

As a business owner with a fleet of vehicles, you might be considering the GM Business Card. It offers bonus rewards for purchases at General Motors, gas stations, restaurants, and office supply stores. However, rewards can only be redeemed for buying or leasing GM vehicles.

If you frequently purchase GM vehicles, you could derive substantial value from the card's welcome offer and earning rates. Otherwise, this card may not be the best fit for you.

Compared to its competitors, the card offers limited perks, lacking amenities like lounge access or annual credits. Additionally, its rewards system is less flexible, as you cannot use rewards for general purchases or transfer them to partner programs.

The GM Business Card has no annual fee, and we suggest aiming for a credit score of 670 for approval. Now, let's take a closer look at the card details.

Advantages and Disadvantages of the GM Business Card

Welcome Offer for the GM Business Card

New cardholders of the GM Business Card can earn a sign-up bonus of $750 in bonus earnings to spend with GM after spending $5,000 within the first five months of account activation.

This is a solid return for a business card with no annual fee, but there are better options available among more general cards. Additionally, if your spending at GM is low, a $750 bonus for redemption with the company may not be very useful.

Cardholders enjoy a 0% introductory APR on purchases for the first nine months, followed by a variable APR ranging from 19.24% to 29.24%.

Benefits of the GM Business Card

While the GM Business Card lacks extravagant perks, it does provide essential protections such as rental car insurance, identity theft protection, and zero liability for unauthorized transactions.

Additionally, you'll have access to personalized support through GM's Business Assistant Concierge, along with no foreign transaction fees or cash advance fees, all complemented by the $0 annual fee.

These are fairly standard benefits for a business card and aren't particularly remarkable. Unlike many of our top business card selections, this card lacks annual credits and does not include complimentary memberships to any services, whether related to GM or not. For more valuable perks, consider exploring other card options.

How to Earn Rewards with the GM Business Card

With the GM Business Card, you earn 5% back on parts and services at GM dealerships, 3% back at gas stations, restaurants, and office supply stores, and 1% back on all other purchases.

These earning rates are advantageous if you frequently spend at GM, but they may seem lackluster if you can't take full advantage of the 5% category. The 3% rate is appealing, yet there are other cards available that provide similar or better earning rates with broader benefits.

For example, the Ink Business Unlimited® Credit Card offers an unlimited 1.5% cash back on every business purchase and has no annual fee. Additionally, its cash-back rewards are significantly more versatile and can be converted into travel rewards when paired with the right card.

How to Redeem Rewards with the GM Business Card

It’s crucial to understand that rewards earned with the GM Business Card can only be redeemed for purchasing or leasing eligible GM vehicles, including Chevrolet, Buick, GMC, or Cadillac models.

This limited redemption option makes the card suitable primarily for businesses that own multiple GM vehicles or are looking to purchase one. The upside is that these rewards do not expire as long as your account remains active and in good standing, allowing you to accumulate points for your next significant GM purchase.

However, this option is significantly less flexible compared to many business cards available today. Like many others, I don't operate a fleet of GM vehicles, so I prefer earning adaptable cash-back rewards with a card like the Ink Business Cash.

Which Cards Rival the GM Business Card?

Numerous general business cards compete directly with the GM Business Card:

• If you seek more perks: The Capital One Venture X Business offers an attractive welcome bonus along with premium travel benefits, such as an annual travel credit and access to lounges. For further details, read our comprehensive review of the Venture X Business Credit Card.
• If you want broader rewards: The Ink Business Unlimited provides unlimited 1.5% cash back on all business purchases, and you can enhance your rewards by pairing it with other Chase cards to convert your cash back into Ultimate Rewards points. For more information, read our detailed review of the Ink Business Unlimited.
• If you prefer American Express: The Blue Business® Plus Credit Card from American Express allows you to earn valuable Membership Rewards points on everyday business expenditures and is specifically designed for small businesses with modest revenues. For more details, check out our in-depth review of the Blue Business Plus.

For more options, see our complete list of the top business credit cards.

Is the GM Business Card a good choice?

Although it has very limited redemption options, the GM Business Card can be beneficial for businesses aiming to accumulate rewards for a significant GM purchase down the line. However, most individuals will find greater value in a different credit card.

Final Thoughts

Business owners can leverage this card's earning potential towards a vehicle purchase while enjoying a few standard benefits without an annual fee. Nevertheless, if you're not frequently spending a lot on GM vehicles, a general business card that offers cash back or travel rewards would likely be a better fit.