GM Enterprise Mastercard overview
The GM Enterprise™ Mastercard® affords loads of worth for companies with a fleet of Common Motors autos however not a lot worth for anybody else. You will take pleasure in wholesome incomes charges with no annual payment however minimal perks and redemption choices for many who do not spend so much with GM. Card ranking*: ⭐⭐⭐½
*Card rating relies on the opinion of TPG’s editors and isn’t influenced by the cardboard issuer.
If you happen to’re a enterprise proprietor who has a fleet of autos as a part of what you are promoting, you’ll have thought of getting the GM Enterprise Card. On the one hand, the cardboard earns bonus rewards on Common Motors purchases in addition to at fuel stations, eating places and workplace provide shops. However, you may solely use your rewards to purchase or lease GM autos.
If you happen to spend so much on GM autos, you might be able to get some solid value out of the cardboard’s incomes charges. If not, nonetheless, 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 power to make use of your rewards for normal purchases or redeem them right into a checking account.
The GM Enterprise Card has no annual payment, and we suggest you might have 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 payment, however you are able to do higher with extra normal card choices. And for those who 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 normal protections like rental insurance coverage, id theft safety and 0 legal responsibility for unauthorized purchases.
You will 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 payment.
GM Enterprise cardholders can even obtain reductions on sure business-related companies, comparable 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 normal perks for a enterprise card and, subsequently, not particularly spectacular. Not like a lot 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. In order for you extra precious perks, you will need to take a look at a unique card.
Associated: Key differences of business cards vs. personal cards
Incomes rewards with the GM Enterprise Card
With the GM Enterprise Card, you will get 5% again on GM Real and ACDelco Elements, eligible equipment or paid licensed service at licensed GM dealerships. You will additionally earn 3% again at gas stations, restaurants and workplace provide shops and 1% again on everything else.
Once more, these are strong charges for those who spend so much at GM, however they’re unremarkable if you cannot make use of that 5% bonus class. The three% incomes class is good, however you may get the identical (or higher) incomes charges on playing cards that provide a lot extra normal advantages.
For example, the Ink Business Unlimited® Credit Card earns an infinite 1.5% money again on each buy made for what you are promoting and has no annual payment. Plus, its cash-back rewards are way more versatile and might 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 car, comparable 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 autos (or available in the market for GM autos).
The excellent news is that these rewards by no means expire on energetic accounts in good standing, so it can save you up your rewards in your subsequent massive GM buy.
However once more, it is 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 autos to keep up — so I choose 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 normal enterprise playing cards that go toe-to-toe with the GM Enterprise Card:
For extra choices, try 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 price 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, nonetheless, will get way more worth from a unique bank card.
Backside line
Enterprise homeowners can reap the benefits of this card’s earnings charges and put them towards a car buy whereas additionally having fun with a couple of normal perks with no annual payment.
However once more, except you are often spending so much on GM autos, you will be higher off with a normal 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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