Apply for The GM Card Now
- The GM Card gives you 5% Earnings on your GM Card purchases toward the purchase or lease of a new GM car, truck or SUV.
- NO Annual Fee!
- 0% introductory APR on balance transfers*
- Use your Balance Transfer Checks from your Welcome Package within 60 days of opening your Account and you’ll receive 5% Earnings on the transfers.
- Pay your previous month’s balance in full by the Payment Due Date for up to a 25-day finance charge grace period on credit card purchases.
- Always have instant worldwide cash access at more than 770,000 MasterCard®/Cirrus® ATMs, and worldwide purchasing power with MasterCard® at over 30 million locations.
- Become a GM Cardmember today! Apply Now!
The GM MasterCard®, issued by Household Bank, is designed for those who plan to purchase or lease a GM car, truck, or SUV in the near future.
Through the reward program, cardholders can earn a 5% rebate towards future purchases or leases. Rebates are earned for the first two balance transfers paid with convenience checks within 60 days of activation (a rare benefit).
Although rebates have no yearly limit, they do expire within seven years. Nevertheless, the card offers one of the highest rebates in comparison to other auto reward related cards.
The interest rate for purchases varies for this credit card, and only those with very good credit will qualify for the lowest rate offered. In addition, there are minimum caps on the APR for both purchases and cash advances, so no matter how low the Prime Rate falls (the APRs are tied to the Prime Rate), the interest rates will not go below their minimum caps.
However, the card has no annual fee, an attractive 0% introductory rate for balance transfers for the first six months, and cardholders are provided with travel accident insurance and various online services.
Therefore, those individuals who plan to pay in full each month after the introductory rate expires (to avoid finance charges) and plan to purchase or lease a GM card in the near future, or use the card at one of the participating merchants or retailers (to redeem rebates), will benefit most from what the GM MasterCard® has to offer.