[Update 2022.6] The welcome bonus has been slightly increased to 15,000. Even so, we’d still only recommend this card to people who like GM vehicles or are planning to buy one.

Marcus My GM Rewards Credit Card Review

Apply now

Full review

Marcus My GM Rewards Credit Card

7x on GM purchases, 4x on everything else; no annual fee!

  • Welcome bonus: 15,000 points (spend $1,000 in three months)
  • Rewards: 7x on GM purchases, 4x on everything else
  • Redemption: 4:1 to GC, 1:1 to GM purchases
  • Annual fee: $0
  • Apply now>>

Benefits

  • 7x rewards on GM purchases: Eligible purchases include GM service, parts, and accessories, as long as they are purchased at dealerships or on the official website.
  • $150 gas statement credit: Each calendar year, if you spend at least $1,500 at eligible gas stations, you can receive a $150 statement credit.
  • $100 EV Statement Credit: If you own a GM electric vehicle and use this card to pay at least six months of electricity bills, you can receive a $100 statement credit.
  • Waives four major fees: No annual fee, no foreign transaction fees, no balance transfer fees or cash advance fees.
  • 0% APR on purchases: Purchases made after opening the card can enjoy a 9-month intro APR period. You only need to pay the minimum each month. Be sure to pay at least the minimum every month. See also: How to Pay During a 0 APR Period and Practical Uses of Credit Card 0 APR Offers

How to Redeem Points

  • Redeem toward a new GM vehicle: I couldn’t find the official redemption ratio, but I’d guess it is 1:1 like pre-owned vehicles.
  • Redeem toward a GM Certified Pre-Owned Vehicle: You can redeem up to 100,000 points per year toward a GM Certified Pre-Owned Vehicle at a 1:1 ratio, meaning 100,000 points can cover $1,000 in spending.
  • Redeem toward GM Service/Parts/Accessories/OnStar/GM Financial/SiriusXM: You can redeem up to $250 per year toward these purchases. I couldn’t find the official ratio, but I’d guess it is also 4:1.
  • Redeem for gift cards: You can redeem up to 100,000 points per year for gift cards (specific options not disclosed), but the redemption ratio is 4:1, so 100,000 points can only be redeemed for $250 in gift cards.

Drawbacks

  • Redemptions come with certain restrictions.

My Take

I’m not much of a car expert, but a lot of Americans really like the GM brand. If you plan to buy a GM vehicle, or already own one, this card can be worth keeping.

When buying a new car, it’s best to first negotiate the final price with the dealer, and only then mention that you want to use credit card rewards to cover part of the down payment. For more tips, see:

Application

  • I’d guess this card is relatively easy to get approved for.

Application Link