My GM Business Credit Cards Overview and Benefits

The GM Business Credit Cards are designed to help businesses like yours take control of their finances and make the most of their expenses. These cards offer a range of benefits that can help you save money and earn rewards.

With the GM Business Credit Cards, you can earn 3% cash back on all purchases in the first 60 days, up to $2,500 in spending. This can be a great way to earn some extra cash back on your business expenses.

The cards also offer no annual fee for the first year, and 0% APR for 12 billing cycles on purchases. This can be a huge help if you need to make a big purchase for your business.

Overall, the GM Business Credit Cards are a solid choice for businesses that want to earn rewards and save money on their expenses.

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To apply for a GM Business credit card, you must meet the eligibility criteria, which includes being at least 18 years old and a United States citizen. You must also own at least 25% of the business and have a driver's license or state-issued photo ID.

To qualify for the GM Business Mastercard, you'll need to have your business bank statement or tax returns available. This shows that you're a responsible business owner.

A FICO score or credit score is used to represent your creditworthiness, but it's not the only factor in determining approval. Credit score alone does not guarantee approval for any financial product.

Here are the basic requirements to apply for the GM Business Mastercard:

Note that some GM Business credit cards, like the GM Business Card, may have specific application dates, such as 2/18/22. Be sure to check the latest information before applying.

My GM Business Credit Cards offer a range of benefits that can help you manage your business expenses effectively.

The cards have no annual fee, making them a cost-effective option for businesses of all sizes.

You can earn 3% cash back on gas purchases, which can be a significant advantage if your business relies heavily on transportation.

The cards also offer a 0% introductory APR for 12 billing cycles, giving you some breathing room when it comes to paying off balances.

You can choose from a variety of card options, including the GM Business Credit Card and the GM Business Gold Credit Card.

The GM Business Credit Card has a credit limit of up to $25,000, while the GM Business Gold Credit Card has a credit limit of up to $50,000.

You can use the cards to pay for business expenses such as fuel, maintenance, and repairs at participating GM dealerships.

With the GM Business Mastercard, you can earn rewards that can be used to purchase or lease an eligible vehicle from Chevrolet, Buick, GMC, or Cadillac.

The GM Business Mastercard Rewards program offers a $750 bonus after spending $5,000 on purchases in the first five months.

Here's a breakdown of the earnings program:

There's no limit to the amount of earnings you can receive or redeem, and rewards don't expire as long as your account is open and in good standing.

To redeem your rewards, simply follow these steps:

With my GM business credit cards, you can earn rewards and perks that make a real difference in your business. You can earn 3X points on purchases at gas stations and 2X points on purchases at restaurants worldwide.

These rewards can add up quickly, especially if you have a large business with frequent expenses. For example, if you spend $1,000 per month on gas, you can earn 3,000 points, which can be redeemed for travel, merchandise, or other rewards.

Some cards also offer exclusive benefits, such as access to events and experiences, that can help you connect with other business owners and industry leaders.

The GM Business card offers unique business perks through Mastercard, making it a great option for those who don't need traditional travel perks or spending limit extensions.

One of the standout benefits is that it's not your traditional business card, which means it's free from a lot of extra fees and limitations.

You can look forward to unique business perks, but what exactly does that mean? It means you'll have access to benefits that are tailored to your business needs, rather than just general travel rewards.

In this case, the GM Business card shines in its simplicity and focus on business-centric perks.

One of the best things about this card is that it earns exceptional rewards on GM parts and services as well as routine business purchases.

You can earn rewards on your employees' purchases too, which can really add up. With free employee cards, you can help your team earn rewards on their business expenses.

This card is also super convenient, with no annual fee and no foreign transaction fees. You can use it anywhere in the world without worrying about extra charges.

Here are some of the key benefits of this card:

You won't pay any annual, cash advance, or foreign transaction fees with your GM Business credit card.

Late payments can incur a fee of up to $40.

Your due date is at least 25 days after the close of each billing cycle, giving you plenty of time to make your payment.

The GM Business Mastercard is a great option for business owners, but let's talk about the impact on your credit score. The GM Business Mastercard only triggers a soft pull, which means it won't hurt your credit score.

This is a big relief, especially if you're applying for a credit card with multiple credit inquiries. A soft pull is a gentle touch on your credit report, and it's usually only visible to you.

The credit impact of the GM Business Mastercard is a key consideration for business owners. Fortunately, it's a soft pull, so you can apply with confidence.

Here's an interesting read: Best Credit Cards for Small Business Owners

Fees are an important consideration when choosing a credit card. There are no annual, cash advance, or foreign transaction fees.

You'll be happy to know that you won't have to pay any of these types of fees, which can add up quickly.

Here are the specific fees you might be charged:

Your due date is at least 25 days after the close of each billing cycle, giving you plenty of time to make your payment.

APRs can be a bit tricky to understand, but it's essential to know what you're getting into. Introductory APRs are a great perk, offering 0% APR on purchases for the first 12 months after opening an account.

This means you won't have to pay any interest on your purchases during this time, which can be a huge money-saver. However, it's crucial to pay off your balance before the introductory period ends to avoid being hit with the regular APR.

The ongoing and balance transfer APR is a bit higher, ranging from 19.24% to 29.24% variable. This rate can change with the prime rate, so be sure to keep an eye on it.

Cash advance APRs are even higher, coming in at 29.99% variable. This rate can also adjust with the prime rate, so it's essential to be mindful of it.

Here's a breakdown of the APRs:

Your credit score is a big deal when it comes to your GM Business Mastercard, and Marcus by Goldman Sachs is aware of that. They'll conduct a soft pull on your credit report if you request a credit limit increase, which won't affect your score.

A soft pull is a gentle inquiry that doesn't impact your credit score, so you don't have to worry about it hurting your creditworthiness. However, some requests might involve a hard pull, which can cause a short-term dip in your credit score. You'll always be asked for permission before a hard pull happens.

You're eligible for an automatic credit limit increase if Marcus by Goldman Sachs sees that you've been making on-time payments and keeping your debt low. This is a great way to get a boost without even asking for it.

The GM BuyPower Business Card from Capital One offers some pretty decent earning categories that can help business owners rack up a lot of rewards in a short amount of time.

Earning 5 percent back on select GM purchases can be fruitful if you have a Chevrolet, Buick, GMC or Cadillac vehicle already and frequently pay for parts or service. This makes it a great option for business owners who rely on their vehicles for work.

Earning 3 percent back on gas, dining and office supply store purchases makes this card immensely lucrative for anyone who spends a lot in those categories. This can add up quickly, especially for business owners who are always on the go.

However, it's worth noting that you can only redeem points toward a new or leased Chevrolet, Buick, GMC or Cadillac vehicle, which might limit its value for some business owners.