Terms and Conditions

GM Business Card™

Rates and Fees Information

 

Interest Rates and Interest Charges

Annual Percentage Rate
(APR) for Purchases

0% introductory APR for 9 months from the date of account opening.

After that, your APR will be 14.24% to 24.24% , based on your creditworthiness. This APR will vary with the market based on the Prime Rate.

APR for Balance Transfers

14.24% to 24.24% , based on your creditworthiness.
This APR will vary with the market based on the Prime Rate.

APR for Cash Advances

27.24%

This APR will vary with the market based on the Prime Rate.

How to Avoid Paying Interest on Purchases

Your due date is at least 25 days after the close of each billing cycle. We will not charge you any interest on purchases if you pay your entire balance by the due date each month.


Fees

Transaction Fees

•   Balance Transfer

•   Cash Advance

None

None

Penalty Fees

•   Late Payment

Up to $40.

HOW WE WILL CALCULATE YOUR BALANCE:

We use the daily balance method (including new Transactions).

PRIME RATE:

Variable APRs are based on the 3.50% Prime Rate as of 03/31/2022.

FOR NEW YORK RESIDENTS:

For more information, call Issuer at 877-255-5923. New York residents may contact the New York state department of financial services by telephone or visit its website for free information on comparative credit card rates, fees and grace periods. Contact the New York state department of financial services at 1-800-342-3736 or http://www.dfs.ny.gov.

Interest Rates and Interest Charges

Annual Percentage Rate
(APR) for Purchases

0% introductory APR for 12 months from the date of account opening.

After that, your APR will be 14.24% to 24.24% , based on your creditworthiness. This APR will vary with the market based
on the Prime Rate.

APR for Balance Transfers

14.24% to 24.24% , based on your creditworthiness.
This APR will vary with the market based on the Prime Rate.

APR for Cash Advances

27.24%

This APR will vary with the market based on the Prime Rate.

How to Avoid Paying Interest on Purchases

Your due date is at least 25 days after the close of each billing cycle. We will not charge you any interest on purchases if you pay your entire balance by the due date each month.


Fees

Transaction Fees

•   Balance Transfer

•   Cash Advance

None

None

Penalty Fees

•   Late Payment

Up to $40.

HOW WE WILL CALCULATE YOUR BALANCE:

We use the daily balance method (including new Transactions).

PRIME RATE:

Variable APRs are based on the 3.50% Prime Rate as of 03/31/2022.

FOR NEW YORK RESIDENTS:

For more information, call Issuer at 877-255-5923. New York residents may contact the New York state department of financial services by telephone or visit its website for free information on comparative credit card rates, fees and grace periods. Contact the New York state department of financial services at 1-800-342-3736 or http://www.dfs.ny.gov.


Benefit Terms and Conditions

GM Business Card

Table of Contents

GM Business Card Early Spend Bonus Offer

This offer is not available to applicants who have had this card.  Subject to credit approval.  Offer valid for new GM Business Card members who opened an account on or after February 18, 2022 spend $2,500 or more in eligible purchases in their first 90 days after opening an account.  Limit one offer per new card member.  “Purchases” do not include cash advances or other cash-like transactions, balances transfers, ATM withdrawals, savings bonds, finance charges or fees.  Returns of purchases made during your offer period may impact your eligibility and bonus Earnings.  Bonus Earnings are equal to $250 when redeemed for the purchase or lease of a new vehicle at GM.  Earnings may not be redeemed for any other use.  Bonus Earnings will be credited to your GM Business Card account within two billing cycles after $2,500 in eligible purchases have posted to it during the offer period.  To be eligible for this offer, card account must be open and in good standing at time of fulfillment.  See the GM Business Card Earnings Program Rules for more details.  Goldman Sachs Bank USA reserves the right to modify or revoke offer at any time. If Goldman Sachs Bank USA determines that you have engaged in or plan to engaged in abuse, fraud, or gaming in connection with this offer, you will not be eligible for this offer and any bonus Earnings awarded to you may be revoked.  Issued by Goldman Sachs Bank USA, Salt Lake City Branch.

GM Business Card Earnings Eligibility

GM Business Card Earnings are those reflected as of date indicated and are subject to additional purchases, returns and redemptions.  Earnings are not earned on cash advances or other cash-like transactions, balance transfers, ATM withdrawals, savings bonds, finance charges or fees.  Earnings may not be used with some offers or on the purchase of certain vehicles, including any vehicle sold as a GM Fleet vehicle or those sold or obtained at auction. Earnings may not be used on the purchase of certain vehicles, such as See your authorized GM Dealership for eligibility. Other exclusions may apply.  Please see The GM Business Card Program Rules that are applicable to your account for terms, conditions, exclusions and limitations.   Earnings will be applied based on the merchant category code used by the merchant who reports a transaction. For Current Earnings, visit gmcard.com or call 1-800-446-5347.

Intro APR Offer

0% Intro purchase APR for the first 9 months as a Cardmember; after that, variable APRs range from 14.24% to 24.24% based on creditworthiness. Balance transfers: 14.24% to 24.24% variable APR. Cash advances variable APR of 27.24%. Up to $40 late penalty fee. Rates as of March 31, 2022. Rates and terms here.

3% Earn on Gas

Earnings, including those on rewards offer purchases, will be applied based on the merchant category code used by the merchant who reports a transaction.  GM and Goldman Sachs Bank USA are not responsible for merchant category code errors made by merchants.

Application Approval

Credit approval required. Terms and conditions apply.

Trademarks

Marcus by Goldman Sachs® is a brand of Goldman Sachs Bank USA and Goldman Sachs & Co. LLC, which are subsidiaries of The Goldman Sachs Group, Inc.

 

The marks of General Motors, its divisions, slogans, emblems, vehicle model names, vehicle body designs appearing in this document are the trademarks and/or service marks of General Motors, its subsidiaries, affiliates or licensors. ©20XX General Motors LLC.

Goldman Sachs Bank USA, Salt Lake City Branch, is the issuer of the Extended Family Card. GM is solely responsible for the operation and administration of the Earnings program.  For more details about the General Motors Earnings program, including redemption options, go to gmcards.com.