Why you might want the My GM Rewards Mastercard At a value of 1 cent per point, the 15,000 bonus points offer is only worth $150.The introductory APR period on purchases is lower-than-average at 9 months.The redemption program is more restrictive than many rewards cards.The card also comes with no annual fee.īut, if you’re looking for a rewards card that may help lower some of your GM-related expenses, the My GM Rewards card could fit the bill. For example, the Wells Fargo Reflect® Card offers a 0% introductory rate for 21 months from account opening on purchases and qualifying balance transfers (18.24%, 24.74%, or 29.99% variable APR thereafter) qualifying balance transfers transfers must be made within the first 120 days to qualify for the introductory APR, (balance transfer fee of 5%, min $5). If you want to finance a large purchase over time without racking up interest, you may be better off with a card that provides a longer interest-free period. You’ll also earn a whopping 4X points back on all other purchases.īesides the solid rewards rate, My GM Rewards comes with a 0% introductory APR on purchases for the first nine months (20.49% to 29.24% variable APR thereafter), which is not as long as many cards on the market. The card debuts with no annual fee and a better-than-average rewards rate with 7 points for every $1 spent on GM-related purchases, including new and certified pre-owned vehicles and vehicle service. The new My GM Rewards® Mastercard® enters the marketplace as Goldman Sachs’ charged-up replacement for the now-discontinued GM Buypower card.

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