The Barclays GM Rewards Mastercard is now live. Let’s take a brief look:
- 30,000 bonus points after $1,000 in spend within the first 90 days
- No annual fee
- Card earns at the following rates:
- 7x points on GM purchases
- 3x points on all other purchases
- 0% introductory APR for 9 months on GM purchases more than $499 (within 30 days of account opening)
- 0% introductory APR for 6 months on GM purchases more than $499 (after 30 days of account opening)
Our Verdict
Intriguing card if you’re going to make a GM purchase. Points are worth 1¢ each towards a vehicle and discount applies after negotiation, you’d also get the 6 month interest free period (or 9 months depending on when you opened). Unfortunately this isn’t as good as the GM card that earned 4x points on all purchases. Personally don’t think it’s worth it compared to a standard card that earns at a high rate on everyday purchases as you’re locked into GM.
