GM Enterprise Mastercard overview
The GM Enterprise™ Mastercard® affords loads of worth for companies with a fleet of Normal Motors automobiles however not a lot worth for anybody else. You may take pleasure in wholesome incomes charges with no annual price however minimal perks and redemption choices for individuals who do not spend quite a bit with GM. Card ranking*: ⭐⭐⭐½
*Card rating is predicated on the opinion of TPG’s editors and isn’t influenced by the cardboard issuer.
For those who’re a enterprise proprietor who has a fleet of automobiles as a part of your small business, you could have thought of getting the GM Enterprise Card. On the one hand, the cardboard earns bonus rewards on Normal Motors purchases in addition to at gasoline stations, eating places and workplace provide shops. Then again, you’ll be able to solely use your rewards to purchase or lease GM automobiles.
For those who spend quite a bit on GM automobiles, you might be able to get some solid value out of the cardboard’s incomes charges. If not, nevertheless, this card is not the one for you.
The cardboard has restricted advantages in comparison with its opponents, missing in issues like annual assertion credit. Its rewards are additionally rigid in comparison with these of different playing cards, with out the flexibility to make use of your rewards for common purchases or redeem them right into a checking account.
The GM Enterprise Card has no annual price, and we suggest you have got a credit score of 670 to get accepted for it. Now, let’s look at the cardboard particulars.
The knowledge for the GM Enterprise Mastercard has been collected independently by The Factors Man. The cardboard particulars on this web page haven’t been reviewed or offered by the cardboard issuer.
GM Enterprise Card professionals and cons
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GM Enterprise Card welcome provide
With the GM Enterprise Card, new cardholders can earn $750 in bonus earnings to redeem with GM after spending $5,000 within the first 5 months from account opening.
That is an honest return for a enterprise card with no annual price, however you are able to do higher with extra common card choices. And should you aren’t spending a lot at GM, $750 to redeem with the corporate will not be very useful.
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Cardholders additionally obtain a 0% introductory APR on purchases for the primary 9 months and a variable APR of 18.24% to twenty-eight.24% based mostly on their creditworthiness thereafter.
Associated: The best credit card welcome bonuses currently available
GM Enterprise Card advantages
The GM Enterprise Card would not provide a lot in the way in which of lavish perks, however you’ll take pleasure in commonplace protections like rental insurance coverage, id theft safety and 0 legal responsibility for unauthorized purchases.
You may additionally get entry to customized help with GM’s Enterprise Assistant Concierge, plus no overseas transaction charges or money advance charges to associate with the $0 annual price.
GM Enterprise cardholders can even obtain reductions on sure business-related companies, equivalent to Zoho Advertising and marketing Plus, Intuit Quickbooks On-line and TurboTax federal merchandise. Whereas these perks are good, other business cards with higher rewards function reductions or assertion credit for sure business-related bills.
These are considerably commonplace perks for a enterprise card and, subsequently, not particularly spectacular. In contrast to lots of our favorite business cards, this card has no annual credit and no complimentary membership to any companies, GM-related or in any other case. If you would like extra invaluable perks, you may wish to have a look at a distinct card.
Associated: Key differences of business cards vs. personal cards
Incomes rewards with the GM Enterprise Card
With the GM Enterprise Card, you may get 5% again on GM Real and ACDelco Elements, eligible equipment or paid licensed service at licensed GM dealerships. You may additionally earn 3% again at gas stations, restaurants and workplace provide shops and 1% again on everything else.
Once more, these are strong charges should you spend quite a bit at GM, however they’re unremarkable if you cannot make use of that 5% bonus class. The three% incomes class is sweet, however you will get the identical (or higher) incomes charges on playing cards that provide lots extra common advantages.
As an example, the Ink Business Unlimited® Credit Card earns a limiteless 1.5% money again on each buy made for your small business and has no annual price. Plus, its cash-back rewards are way more versatile and may flip into transferable journey rewards with the right card pairing.
Associated: Your guide to the Chase Ink Business credit cards
Redeeming rewards with the GM Enterprise Card
It is necessary to notice that rewards earned on the GM Enterprise Card can solely be redeemed to purchase or lease an eligible GM automobile, equivalent to a Chevrolet, Buick, GMC or Cadillac, at a collaborating GM dealership.
That is a particularly slim redemption choice, making this card solely viable for companies with a number of GM automobiles (or out there for GM automobiles).
The excellent news is that these rewards by no means expire on lively accounts in good standing, so it can save you up your rewards to your subsequent large GM buy.
However once more, it is a much more rigid choice in comparison with any variety of enterprise playing cards in the marketplace. Like many individuals, I haven’t got a fleet of GM automobiles to take care of — so I favor incomes flexible cash-back rewards with a card just like the Ink Business Cash® Credit Card.
Associated: Best cash back cards
Which playing cards compete with the GM Enterprise Card?
There are many common enterprise playing cards that go toe-to-toe with the GM Enterprise Card:
For added choices, take a look at our full list of the best business credit cards.
Associated: Business credit cards: What they are and how they work
Is the GM Enterprise Card value it?
Regardless of its very restricted redemption choices, the GM Enterprise Card could make sense for companies seeking to earn rewards towards an enormous GM buy sooner or later. Most individuals, nevertheless, will get much more worth from a distinct bank card.
Backside line
Enterprise homeowners can benefit from this card’s earnings charges and put them towards a automobile buy whereas additionally having fun with just a few commonplace perks with no annual price.
However once more, except you are recurrently spending quite a bit on GM automobiles, you may be higher off with a common enterprise card that earns extra versatile money again or journey rewards.
Associated: 6 small-business card welcome bonuses with low spending requirements
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