With a net income of US$9.945 billion by 2021, General Motors is the largest automobile manufacturer worldwide. It believes in serving its customers one of the best products among everything and while buying any vehicle or automobile parts from GM, they provide rewards to its customers making its stronghold in the automotive industry.
GM
Stands for General Motor. It is an American multinational automotive manufacturing corporation.
Highlights of My GM Rewards with the credit card
Rewards Rate-
7points on GM genuine parts, GM Certified service, etc4points on any other purchases
Welcome Offer- 10,000 points after spending $1,000 on purchases
Annual Fee- $0
Balance Transfer Intro APR- N\A
Regular APR- 15.24% to 25.24%
Purchase Intro APR- 0% FOR 9 Months.
Earning and Redeeming eligibility
There are some simple rules of GM by which one can get a few more rewards to add to one account and some of the rules are
For every earned 1 point for every $5 spent one can redeem up to a $2,000 allowance per calendar
By earning 3 points for every $1 spent one can redeem up to $225 per calendar year on paid GM Certified services
By earning 3 points for every $1 spent one can redeem up to $225 per calendar year on most On Star Plans.
How does it work?
It’s an easy process by which one can check one GM Rewards and it can be done in the following steps
STEP 1- By enrolling in the GM Rewards
STEP 2- By leveling up through three membership tiers
STEP 3- By accelerating points on every $1 spent everywhere.
My GM Rewards Loyalty Program
The My GM Rewards Loyalty Program allows the card members to redeem an unlimited number of points towards the purchase of any designated vehicles by GM and the benefit of the Loyalty Program is one can integrate a credit card into the My GM Rewards Loyalty Program allowing the following numbers of benefits
One can earn 7points for every $1 spent at GMBy applying from a dealer, one can earn up to $50 per yearBy card approval from My GM RewardsWorld Elite Mastercard benefitsOne can earn 4points for every $1 spentThe credit card can get one unlimited 4% towards a new GM vehicleOn spending $1,500 one can earn $100 card statement credit, etc.
Vehicles by which one can earn GM Rewards
Before applying for the GM Rewards, one should check the vehicles and apps on which one can get an extra GM Reward so the names of the vehicles on which one can earn a GM Reward are
CHEVROLETBUICK GMCCadillacOnBaojunWuling, etc
How to create an account on GM?
By following the few simple steps, one can create an account
STEP 1- Click on the official website of GM
STEP 2- Click on the icon of a circle on the right-hand side
STEP 3- If one already has an account then, click on Sign In else, click on Create Account
STEP 4- Provide an email address
NOTE: A verification email will be sent which will be available for verification for 24 hours.
STEP 5- A verification email will be sent to the designated email address, click on the verification button on the email.
A personalized account for GM will be ready to use.
Pros and Cons of GM Rewards
Like any usual thing or for a product, there come pros by using it so does there come cons with it and some of them are
Pros
Low rates and feesNo annual, foreign transactions, cash advance fees, etcMy GM Rewards carries World Elite Mastercard benefitsNo annual fee is takenIt offers cellphone protection perks, etc.
Cons
The 100,000 points are only worth up to $100The GM Rewards APR doesn’t cover purchasesReward redemption discounts are limited to $250 per year onlyThe World Elite Mastercard doesn’t include driving-based perks, etc.
Conclusion
With a revenue of US$127.004 billion and recognized as having the Highest overall manufacturer loyalty by IHS Markit, GM has surely enthralled its other automotive competitor by providing My GM Rewards which is a big win for its customers as it provides one way to earn and redeem points including premium tiers of membership with different opportunities and offers to make an elite company in the world of its customers.
Question 1- Do the Gold and Platinum Rewards members can redeem points?
Answer- Yes
Question 2- When were the My GM rewards launched?
Answer- In 2008
Question 3- Can the credit card be integrated into the My GM rewards?
Answer- Yes
Question 4- How much does each point redeemed mean?
Answer- $0.0025
Question 5- How many points can a cardmember can redeem?
Answer- Up to 100,000 points.
