Up to $1,000. We caution readers not to place undue reliance on forward-looking statements. Having a powerful rewards credit card can make it much easier to come up with this skin in the game. if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,250],'gm_trucks_com-box-3','ezslot_2',134,'0','0'])};__ez_fad_position('div-gpt-ad-gm_trucks_com-box-3-0');Later this year in September, the Chevrolet, GMC, Buick and Cadillac Owner Rewards Points Program will undergo a major change. How Much Are 100,000 IHG Points Worth? Alternatively, if you drive an electric car, you can receive a $100 statement credit when you use your card to pay for six electric bills between January and December. My GM Rewards Card Review: Revved-up Yet Inflexible Read our. Want a new rewards card? However, the end value will still be $100. Since then, millions of customers have redeemed earnings toward the purchase of new Chevrolet, Buick, GMC, and Cadillac vehicles. For example, if it takes 50,000 points to get a $650 airplane ticket, your points are worth about 1.3 cents each. For items on the VIP Rewards page that cost VIP points, divide the points amount by 130 (U.S.) to find the equivalent dollar value. According to the issuer, cardholders are able to use the. Clicking Apply Now will take you to Goldman Sachs Bank website to apply for a My GMC Rewards Mastercard. "Truth in Lending Act 1026.7 Periodic Statement.". So, 100,000 IHG points are This new bonus is worth at least $1,000 in travel, and around $1,440 when you transfer points to airline and hotel partners. Application is subject to the Goldman Sachs Terms of Use and Privacy Policy. But note that not all dealerships and auto lenders will allow the use of credit cards to pay for a car purchase, so youll have to check with your dealership to see what its credit card rules are. Today also marks the launch of the all-new My GM Rewards Card, in collaboration with Marcus by Goldman Sachs and Mastercard. Mastercardis a global technology company in the payments industry. Please note: A minimum of $5.00 in points is required to be eligible to redeem toward a GMF bill pay statement. On the other hand, if your card partners with a particular airline, and you want to see about booking a flight or upgrading a ticket, you'll need to do it through that airline's portal. Customer is still responsible for ensuring all required payments are made on time. The next step is to figure out what rewards are worth. WebTheres no annual fee, points dont expire, and theres no limit to how much a Cardmember can earn or redeem toward an eligible, new GM vehicle. But note that not all dealerships and auto lenders will allow the use of credit cards to pay for a car purchase, so youll have to check with your dealership to see what its credit card rules are. Become a NerdWallet member, and well send you tailored articles we think youll love. 6 minute read. MORE: NerdWallet's best credit card bonuses for new cardholders. You can redeem points for a variety of plans and lengths of time. |California Residents: Notice of Financial Incentive. If you have 25,000 points that are worth a penny each, then you have $250 in rewards saved up. New GM vehicle purchase or lease based on MSRP value. Check out your rewards website and see what you can do with them. The My GM Rewards Card is one of the best credit cards for this purpose because it allows cardholders to earn points on all purchases that can be applied to the purchase of new or pre-owned vehicles, as well as other qualified GM products and services. You would calculate your redemption value by dividing your reward ($10) by the amount of points required (1,000). For example, you could consider adding a Blue Cash Preferred Card from American Express to your mix to earn cash back on some of your purchases. My GMC RewardsCardmembers can also redeem points toward their SiriusXM statement.