GM Enterprise™ MasterCard® overview
The GM Enterprise Card affords loads of worth for companies with a fleet of Basic Motors automobiles, however not a lot worth for anybody else. You may get pleasure from wholesome incomes charges with no annual price, however minimal perks and redemption choices for individuals who do not spend lots with GM. Card ranking*: ⭐⭐⭐½
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.
*Card rating relies on the opinion of TPG’s editors and isn’t influenced by the cardboard issuer.
In case you’re a enterprise proprietor who has a fleet of automobiles as a part of your corporation, you will have thought-about getting the GM Enterprise Card. On one hand, the cardboard earns bonus rewards on Basic Motors purchases in addition to at fuel stations, eating places and workplace provide shops. However, you possibly can solely use your rewards to purchase or lease GM automobiles.
In case you spend lots on GM automobiles, you could possibly get some stable worth out of the cardboard’s welcome supply and incomes charges. If not, nevertheless, this card is not the one for you.
The cardboard has restricted advantages in comparison with its rivals, missing in issues like lounge entry or any type of annual credit. Its rewards are additionally rigid in comparison with these of its rivals, with out the power to make use of your rewards for basic purchases or transfer them to any type of switch companions.
The GM Enterprise Card has no annual price and a really helpful credit score of 670. Now, let’s dig into the cardboard particulars.
GM Enterprise Card professionals and cons
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GM Enterprise Card welcome supply
With the GM Enterprise Card, you will get a sign-up bonus of $750 in bonus earnings to redeem with GM while you spend $5,000 in your 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 basic card choices. And when you aren’t spending lots at GM, $750 to redeem with the corporate will not be very useful.
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GM Enterprise Card advantages
The GM Enterprise Card would not supply a lot in the way in which of lavish perks, however you’ll get pleasure from normal protections like rental insurance coverage, id theft safety and 0 legal responsibility for unauthorized purchases.
You may additionally get entry to personalised help with GM’s Enterprise Assistant Concierge, plus no international transaction charges or money advance charges to associate with the $0 annual price.
These are considerably normal perks for a enterprise card, however actually nothing 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’d like extra invaluable perks, you will need to take a look at a distinct card.
Associated: TPG Awards 2023: Best Business Credit Card
Incomes rewards with the GM Enterprise Card
With the GM Enterprise Card, you will get 5% again on GM dealership elements or service; 3% again at fuel stations, eating places and workplace provide shops; and 1% again on the whole lot else.
Once more, these are stable charges when you spend lots at GM, however unremarkable if you cannot make use of that 5% bonus class. The three% incomes class is good, however you will get the identical (or higher) incomes charges on playing cards that supply loads of extra basic advantages.
For example, the Ink Business Unlimited® Credit Card earns a vast 1.5% money again on each buy made for your corporation and has no annual price. Plus, its cash-back rewards are rather more versatile and might flip into journey rewards with the right card pairing.
Redeeming rewards with the GM Enterprise Card
It is essential to notice that rewards earned on the GM Enterprise Card can solely be redeemed to purchase or lease an eligible GM automobile, reminiscent of a Chevrolet, Buick, GMC or Cadillac.
That is a particularly slim redemption choice, making this card solely viable for companies with a number of GM automobiles (or available in the market for GM automobiles). The excellent news is that these rewards by no means expire on energetic accounts in good standing, so it can save you up your factors on your subsequent massive GM buy.
However once more, this can be a way more rigid choice in comparison with any variety of enterprise playing cards available on the market. Like many individuals, I haven’t got a fleet of GM automobiles to keep up — so I want incomes versatile cash-back rewards with a card just like the Ink Enterprise Money.
Which playing cards compete with the GM Enterprise Card?
There are many extra basic enterprise playing cards that go toe-to-toe with the GM Enterprise Card:
For extra choices, take a look at our full list of the best business credit cards.
Learn extra: Business credit cards: What they are and how they work
Is the GM Enterprise Card price it?
Regardless of its very restricted redemption choices, the GM Enterprise Card could make sense for companies trying to earn rewards towards a giant GM buy sooner or later. Most individuals, nevertheless, will get way more worth from a distinct bank card.
Backside line
Enterprise house owners can make the most of this card’s earnings charges and put them towards a automobile buy whereas additionally having fun with just a few normal perks with no annual price. However once more, except you are often spending lots on GM automobiles, you will be higher off with a general business card that earns both money again or journey rewards.
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