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GM Credit Card Holders....a change could be in your future

cashorcharge
Senior Contributor

GM Credit Card Holders....a change could be in your future

Message 1 of 41
40 REPLIES 40
Llewelyn
Regular Contributor

Re: GM Credit Card Holders....a change could be in your future

I have more than $1600 worth of points accumulated in my GM card account.  If Barclays gets the GM card, they will be worthless in a year or two.

Message 2 of 41
cashorcharge
Senior Contributor

Re: GM Credit Card Holders....a change could be in your future

Ouch!  You should go car shopping!  With 2020's wrapping up and 2021's coming soon....the next few months could be a great time!

Message 3 of 41
M_Smart007
Epic Contributor

Re: GM Credit Card Holders....a change could be in your future


@Llewelyn wrote:

I have more than $1600 worth of points accumulated in my GM card account.  If Barclays gets the GM card, they will be worthless in a year or two.


Possibly soonerSmiley Sad

Message 4 of 41
Llewelyn
Regular Contributor

Re: GM Credit Card Holders....a change could be in your future


@cashorcharge wrote:

Ouch!  You should go car shopping!  With 2020's wrapping up and 2021's coming soon....the next few months could be a great time!


I'm not ready for a new car yet. I was hoping to do something like I did in 2000:

 

I had $3700 worth of points on  my GM card  good for any new GM car.

 

$1300 on my Driver's edge card good for any new car.

 

The GM card send me a $500 coupon good for any new GM car.

 

Sold  my then current car for $1500.

 

Paid $9300 for a new Chevy Metro

 

So I had a new car for a net cost of $2300 and drove it for 15 years.

 

Message 5 of 41
PaganaOnix
Member

Re: GM Credit Card Holders....a change could be in your future

We just bought a new Chevy Traverse and got $3,000 off with supplier discount and $2,500 off in Chevy rebate for the month of August.

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Message 6 of 41
blindambition
Community Leader
Senior Contributor

Goldman Sachs Lands 2 Billion GM Credit Card Business

https://www.businessinsider.com/goldman-sachs-lands-2-billion-gm-credit-card-business-2020-10Goldman... Just a year after launching Apple Card, GS outbid Barclays, landing the GM credit card portfolio. It's a clear sign that Goldman is serious with credit services.

 

Message 7 of 41
rostrow416
Frequent Contributor

Re: Goldman Sachs Lands 2 Billion GM Credit Card Business

Looks like I'm going to have a Goldman Sachs BuyPower card.  Maybe I can finally get a CLI?

AMEX Gold | Purdue FCU $20,000 | FNBO Evergreen $15,000 | TFCU Plat Visa $15,000 | PenFed Platinum Rewards $15,000 | Synchrony Premier MC $10,000 | SG Visa $10,000 | NFCU MoreRewards $7,000 | NFCU cashRewards $17,000 | Discover IT $5,000 | Capital One BuyPower $950 | AMEX Amazon Prime Business $3,000

B&H Payboo Card $15,000 | Amazon Prime Card $10,000 | PC Richard Card $15,000 | Target RedCard $2,000 | Walmart Store Card $1,400 | Shell Gas Card $1,200 | Overstock Store Card $7,000 | Kohl's Store Card $3,000


Spring Cleaning:
C̶a̶p̶i̶t̶a̶l̶ ̶O̶n̶e̶ ̶Q̶u̶i̶c̶k̶S̶i̶l̶v̶e̶r̶ ̶$̶1̶,̶0̶0̶0̶ | C̶r̶e̶d̶i̶t̶ ̶O̶n̶e̶ ̶V̶i̶s̶a̶ ̶$̶1̶,̶2̶0̶0̶ | M̶e̶r̶r̶i̶c̶k̶ ̶B̶a̶n̶k̶ ̶$̶2̶,̶7̶0̶0̶ | M̶a̶r̶v̶e̶l̶ ̶M̶a̶s̶t̶e̶r̶c̶a̶r̶d̶ ̶$̶1̶,̶̶2̶0̶0̶ | C̶o̶m̶e̶n̶i̶t̶y̶ ̶M̶a̶s̶t̶e̶r̶C̶a̶r̶d̶ ̶$̶1̶,̶1̶8̶0̶
Message 8 of 41
M_Smart007
Epic Contributor

Re: Goldman Sachs Lands 2 Billion GM Credit Card Business


@blindambition wrote:

https://www.businessinsider.com/goldman-sachs-lands-2-billion-gm-credit-card-business-2020-10Goldman... Just a year after launching Apple Card, GS outbid Barclays, landing the GM credit card portfolio. It's a clear sign that Goldman is serious with credit services.

 


I can hear GS now ...

Message 9 of 41
ChargedUp
Valued Contributor

Re: Goldman Sachs Lands 2 Billion GM Credit Card Business

$8.5B in spend goes through GM Buypower cards annually? I honestly never would've guessed that this card was *that* popular, especially with all the dinky limits it seems most people have.

 

Depending on what GS does with the rewards structure, I may be interested. DW is due for a new car and she's leaning towards an Impala LTZ.  My loathing for Cap One has left this off the table for me so far, but I certainly could max out the current yearly 5% on $5K easy enough to make it worthwhile if GS gives me a worthwhile SL.

AODFCU 3% Visa ($10K), Amex PRG (NPSL), Amex Blue Cash ($27K), Amex Simply Cash+ ($4K), Amex Business Cash ($22.5K), Discover ($29.7K), Cap 1 Union Plus MC ($2500), Chase FU Visa Sig ($12K), Chase F Visa Sig ($8.3K), Chase CSP Visa Sig($6.5K), FCB/Elan Rewards Visa Sig($15K), Buckle ($1.3K), BofA AAA Rewards ($84.5K), Paypal credit ($10K), BBVA Clearpoints ($7.5K), Cap 1 Savor ($13K), PenFed PCR ($3500), Bank of the West CB MC ($3K), PNC Cash Rewards ($14K), NASAFCU Rewards Visa ($20K), BOC/Elan Max Cash MC ($25K), BoA Business Customized Cash Rewards MC ($8k)
Message 10 of 41
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