The GM Business™ Mastercard® is a specialized credit card designed for business owners and entrepreneurs who want to maximize their purchasing power while enjoying exclusive rewards related to General Motors (GM) products. With a range of benefits tailored for businesses, this card provides a great opportunity for those who frequently engage with GM services or products. In this article, we will explore the features, benefits, and application process for the GM Business™ Mastercard®.
Key Features of the GM Business™ Mastercard®
1. Rewards Program
One of the most appealing aspects of the GM Business™ Mastercard® is its rewards program. Cardholders earn points for every dollar spent on eligible purchases. Here’s a breakdown of the rewards structure:
- Earn 5 points per dollar spent on GM purchases, including new vehicle purchases, service, parts, and accessories.
- Earn 2 points per dollar on gas purchases, which is ideal for businesses with transportation needs.
- Earn 1 point per dollar on all other purchases.
These points can be redeemed for various rewards, including GM vehicle discounts, parts, and accessories, making it a smart choice for businesses that rely on GM products.
2. No Annual Fee
The GM Business™ Mastercard® comes with no annual fee, which is a significant advantage for small business owners looking to minimize costs while maximizing benefits. This feature ensures that your business can retain more funds for operational expenses.
3. Introductory Offers
New cardholders can take advantage of special introductory offers, such as bonus points after spending a certain amount within the first few months of account opening. This can significantly boost your points balance and provide immediate rewards.
4. Flexible Payment Options
Managing cash flow is crucial for any business. The GM Business™ Mastercard® offers flexible payment options, allowing cardholders to pay off their balance in full or over time. This flexibility helps businesses manage their expenses more effectively.
5. Purchase Protection
The card includes purchase protection features, such as extended warranty benefits and purchase security. This means that eligible purchases made with the card can be protected against theft or damage for a specified period, giving business owners peace of mind.
6. Employee Cards
Business owners can issue additional cards for employees, allowing them to make purchases on behalf of the company. This feature enables better expense tracking and management. Cardholders can set individual spending limits for each employee, further enhancing control over business expenses.
7. Mobile and Online Access
The GM Business™ Mastercard® provides online account management tools that allow cardholders to track their spending, view transactions, and manage payments. The mobile app offers the convenience of managing the account on the go, making it easier to stay organized and informed.
How to Apply for the GM Business™ Mastercard®
Applying for the GM Business™ Mastercard® is a straightforward process. Here’s a step-by-step guide:
1. Check Eligibility
Before applying, ensure that your business meets the eligibility requirements. Generally, you will need to have a registered business entity and a good credit score (typically 650 or higher).
2. Gather Necessary Information
When applying, you will need to provide specific information, including:
- Business name and address
- Employer Identification Number (EIN) or Social Security Number (SSN) if you are a sole proprietor
- Annual revenue and time in business
- Personal information of the business owner(s), including Social Security Number and date of birth
3. Complete the Application
You can apply online through the GM Business™ Mastercard® website or in person at a participating GM dealership. The online application process is user-friendly and will guide you through each step.
4. Submit the Application
After filling out the application, review your information for accuracy and submit it. You may receive an immediate decision, or it may take a few days for the application to be processed.
5. Activate Your Card
If approved, you will receive your GM Business™ Mastercard® by mail. Follow the instructions to activate your card and start using it for your business expenses.
Benefits of the GM Business™ Mastercard® for Business Owners
Tailored for GM Enthusiasts
If your business frequently engages with GM products—whether through vehicle purchases, service needs, or other GM-related expenses—the GM Business™ Mastercard® provides an unparalleled rewards structure that caters specifically to these needs.
Cost Management
With no annual fee and flexible payment options, the GM Business™ Mastercard® helps business owners manage their costs effectively. This is especially crucial for small businesses operating on tighter budgets.
Enhanced Cash Flow
The ability to earn points on essential business expenses can help improve cash flow, as rewards can be redeemed for significant savings on future GM purchases.
Travel Benefits
For businesses that require travel, the card often includes travel-related benefits, such as trip cancellation insurance and travel accident insurance. This is a valuable addition for business owners who travel frequently for work.
Increased Buying Power
With the credit limit offered by the GM Business™ Mastercard®, businesses can make larger purchases, ensuring they have the resources they need to operate smoothly.
Conclusion
The GM Business™ Mastercard® offers an array of benefits specifically tailored for business owners, especially those who engage with GM products. With a robust rewards program, no annual fee, and features designed for efficient expense management, this card is an excellent option for businesses looking to maximize their purchasing power while enjoying exclusive perks.
By following the simple application process outlined above, you can secure the GM Business™ Mastercard® and start reaping the rewards of your business purchases today. Whether you are a seasoned entrepreneur or just starting, this card can provide the financial flexibility and benefits you need to thrive in your business endeavors.
