*** Updated New Info: GM Credit Card Holders....a change could be in your future

[cashorcharge]

https://www.autonews.com/automakers-suppliers/goldman-sachs-barclays-bidding-gms-credit-card-busines...

[Anonymous]

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.

[cashorcharge]

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!

[M_Smart007]

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@Anonymous 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.

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Possibly sooner

[Anonymous]

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@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!

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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.

[Anonymous]

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.

[blindambition]

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.

[rostrow416]

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

[M_Smart007]

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@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.

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I can hear GS now ...

[ChargedUp]

$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.