How to Use GM Rewards Points Toward Your GM Financial Balance

How to use GM Rewards points toward your GM Financial balance

Did you know that as a GM Rewards member you can redeem the points you earn toward your GM Financial account balance?¹ Whether you’re paying off a car loan or lease, those points can go directly toward reducing your balance. Keep in mind, though, that they are a supplement — not a substitute — for your monthly payment. You must still make your scheduled monthly payment on time to keep your account in good standing, and a minimum of 500 points is required to redeem.

Follow the guidance below to make the most of your GM Rewards points while staying on top of your financial goals.

Can you use GM Rewards points toward your car payment?

Yes, GM Rewards points can be redeemed toward your GM Financial account balance.¹ Once redeemed, points are applied directly to your balance, offering a helpful supplement to your financial obligations.

For example, if you’ve earned points through Accessories purchases² or GM Certified Services,³ you can apply them toward lowering the balance of your account.

How to redeem points toward your balance

Redeeming GM Rewards points toward your GM Financial account is quick and straightforward. Here’s how you can do it:

1. Enroll in GM Rewards.⁴ If you’re not already a GM Rewards member, sign up for free through the GM Rewards website. Once set up, your points will automatically accrue based on your qualifying GM purchases.
2. Log in to MyAccount. Access your GM Financial MyAccount via the website or GM Financial Mobile app. This is where all your account management and point-redemption actions take place.
3. Check your point balance in MyAccount. Make sure you have at least 500 points available. Points can only be redeemed if you meet this minimum requirement.
4. Redeem your points. Follow the prompts in MyAccount to apply the points toward your GM Financial balance. You’ll be able to select how many points you’d like to apply, and the selected points will automatically be deducted from your GM Rewards Member account. Once complete, the redemption will be reflected as a balance reduction on your loan or lease, typically within a few business days.

And that’s it! Remember, while redeeming points is a great way to reduce the amount you owe, it’s still your responsibility to make your scheduled monthly payments on time. 

What your points are worth toward your balance

When you redeem your points, the value of the points as set by GM is applied to your balance.

How to earn points faster

Looking to accumulate points more quickly? Consider these tips:

• Use the GM Rewards™ Mastercard^® from Barclays. See if you prequalify with Barclays.⁵
• Up to 10X points on eligible GM purchases: Earn 7X points for every $1 spent on eligible GM purchases with the card, plus up to 3X points for being a GM Rewards member.^6,7
• 3X points on everyday purchases: Earn 3X points for every $1 spent on all other purchases, including groceries, gas, restaurants, travel and more.⁷
• Welcome bonus: Earn 30,000 bonus points after spending $1,000 in the first 90 days of account opening.⁷
• Earn Points for using GM Certified Services: Earn points when you visit GM dealerships for vehicle maintenance, repairs or parts.²
• Look for Special Promotions: Periodically check the GM Rewards site for limited-time offers or promotions that allow you to rack up more points on qualifying purchases.

   

Ready to start using your GM Rewards points? Read our guide to GM Rewards, then log in to MyAccount to check your balance and begin redeeming points toward your financial goals.

Common questions about GM Rewards redemption

How long does it take for my redeemed points to appear?
Typically, your redeemed points will reflect as a balance credit on your account within a few business days, depending on program processing times.

How can I check my GM Rewards points balance?
Your current GM Rewards point balance is visible when signed into the GM Rewards website or GM Financial’s MyAccount.

Will I get a notification when points are applied?
Yes, you may receive a confirmation email or notification once your points have been successfully redeemed and applied to your GM Financial account balance.

What happens if I try to redeem fewer than 500 points?
Points cannot be redeemed unless you meet the program’s 500-point minimum requirement.

¹To be eligible, Members must have a GM or Cadillac Financial MyAccount and a minimum of 500 points available. Customer is still responsible for ensuring all required payments are made on time.

²Must be a paid service, part or accessory. GM Rewards Members earn 3 points for every dollar spent, excluding taxes, discounts, rebates, credits, shipping fees, state inspection fees, warranty repair work and body shop repair orders.

³Must be a paid service or parts. Points may not be redeemed toward tax and shipping costs. Only available to Members at GM Rewards participating dealers. Visit https://experience.gm.com/gmrewardsdealers for a list of participating dealers.

⁴Must be 18 years or older. Points may only be earned and redeemed at GM entities, participating dealers and participating third parties in the fifty United States and Washington, D.C. Points are not earned on taxes, discounts, rebates, credits, shipping fees, state inspection fees, warranty repair work or body shop repair orders. Points may not be redeemed toward tax and shipping costs. Visit experience.gm.com/rewards/terms to view the GM Rewards Program Terms and Conditions.

⁵Offer subject to credit approval. This offer is available through this advertisement and may not be accessible elsewhere. Other offers may be available. For complete pricing and other details, please see the Terms and Conditions.

⁶Cardmember may earn less than "the up to 3x points" as a GM Rewards Member on some GM purchases.

⁷Conditions and limitations apply. Please refer to the Introductory Bonus Offer section of the Terms and Conditions for more information about the introductory offer. Please refer to the Reward Rules within the Terms and Conditions for additional information about the rewards program.

The GM Rewards Mastercard is issued by Barclays Bank Delaware pursuant to a license from Mastercard International Incorporated. Mastercard, World Mastercard, World Elite Mastercard, and the circles design are registered trademarks of Mastercard International Incorporated. General Motors LLC operates and administers the GM Rewards Program.

By Taylor Provost

GM Financial