GM Business Card review: Solid earnings but inflexible rewards

Editor’s note: This is a recurring post, regularly updated with new information and offers.

GM Business™ MasterCard® overview

The GM Business Card offers plenty of value for businesses with a fleet of General Motors vehicles, but not much value for anyone else. You’ll enjoy healthy earning rates with no annual fee, but minimal perks and redemption options for those who don’t spend a lot with GM. Card rating*: ⭐⭐⭐½

The information for the GM Business Mastercard has been collected independently by The Points Guy. The card details on this page have not been reviewed or provided by the card issuer.

*Card rating is based on the opinion of TPG’s editors and is not influenced by the card issuer.

If you’re a business owner who has a fleet of vehicles as part of your business, you may have considered getting the GM Business Card. On one hand, the card earns bonus rewards on General Motors purchases as well as at gas stations, restaurants and office supply stores. On the other hand, you can only use your rewards to buy or lease GM vehicles.

If you spend a lot on GM vehicles, you may be able to get some solid value out of the card’s welcome offer and earning rates. If not, however, this card isn’t the one for you.

The card has limited benefits compared to its competitors, lacking in things like lounge access or any sort of annual credits. Its rewards are also inflexible compared to those of its competitors, without the ability to use your rewards for general purchases or move them to any sort of transfer partners.

The GM Business Card has no annual fee and a recommended credit score of 670. Now, let’s dig into the card details.

GM Business Card pros and cons

Pros	Cons
5% back on GM dealership parts or service; 3% back at gas stations, restaurants and office supply stores; and 1% back on everything else No annual fee	Inflexible rewards without much value if you don’t spend a lot at GM

With the GM Business Card, you’ll get a sign-up bonus of $750 in bonus earnings to redeem with GM when you spend $5,000 in your first five months from account opening.

That’s a decent return for a business card with no annual fee, but you can do better with more general card offerings. And if you aren’t spending a lot at GM, $750 to redeem with the company won’t be very helpful.

GM Business Card benefits

The GM Business Card doesn’t offer much in the way of lavish perks, but you will enjoy standard protections like rental insurance, identity theft protection and zero liability for unauthorized purchases.

Senior woman taking out her credit card from wallet — ZEYNEPKAYA/GETTY IMAGES

You’ll also get access to personalized assistance with GM’s Business Assistant Concierge, plus no foreign transaction fees or cash advance fees to go along with the $0 annual fee.

Those are somewhat standard perks for a business card, but certainly nothing impressive. Unlike many of our favorite business cards, this card has no annual credits and no complimentary membership to any services, GM-related or otherwise. If you want more valuable perks, you’ll want to look at a different card.

Earning rewards with the GM Business Card

With the GM Business Card, you’ll get 5% back on GM dealership parts or service; 3% back at gas stations, restaurants and office supply stores; and 1% back on everything else.

Again, those are solid rates if you spend a lot at GM, but unremarkable if you can’t make use of that 5% bonus category. The 3% earning category is nice, but you can get the same (or better) earning rates on cards that offer plenty of more general benefits.

For instance, the Ink Business Unlimited® Credit Card earns an unlimited 1.5% cash back on every purchase made for your business and has no annual fee. Plus, its cash-back rewards are much more flexible and can turn into travel rewards with the right card pairing.

Redeeming rewards with the GM Business Card

It’s important to note that rewards earned on the GM Business Card can only be redeemed to buy or lease an eligible GM vehicle, such as a Chevrolet, Buick, GMC or Cadillac.

Woman paying with her card — WESTEND61/GETTY IMAGES

That’s an extremely narrow redemption option, making this card only viable for businesses with multiple GM vehicles (or in the market for GM vehicles). The good news is that these rewards never expire on active accounts in good standing, so you can save up your points for your next big GM purchase.

But again, this is a far more inflexible option compared to any number of business cards on the market. Like many people, I don’t have a fleet of GM vehicles to maintain — so I prefer earning flexible cash-back rewards with a card like the Ink Business Cash.

Which cards compete with the GM Business Card?

There are plenty of more general business cards that go toe-to-toe with the GM Business Card:

If you want more perks: The Capital One Venture X Business comes with a valuable welcome offer and premium travel perks like an annual travel credit and lounge access. For more information, read our full review of the Venture X Business Credit Card.
If you want more general rewards: The Ink Business Unlimited® offers unlimited 1.5% cash back on every business purchase, and you can maximize your rewards by pairing it with other Chase cards to turn your cash back into Ultimate Rewards points. For more information, read our full review of the Ink Business Unlimited.
If you prefer American Express: The Blue Business® Plus Credit Card from American Express earns lucrative Membership Rewards points on everyday business spending and was created specifically for small businesses with limited revenue. For more information, read our full review of the Blue Business Plus.

For additional options, check out our full list of the best business credit cards.

Is the GM Business Card worth it?

Despite its very limited redemption options, the GM Business Card can make sense for businesses looking to earn rewards toward a big GM purchase in the future. Most people, however, will get far more value from a different credit card.

Bottom line

Business owners can take advantage of this card’s earnings rates and put them toward a vehicle purchase while also enjoying a few standard perks with no annual fee. But again, unless you’re regularly spending a lot on GM vehicles, you’ll be better off with a general business card that earns either cash back or travel rewards.