Credit News

GM And Barclays Announce Long-Term Credit Card Partnership

Cardholders can keep earning rewards during the transition.

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Goldman Sachs And Barclays Close To A Deal For GM Credit Card Transfer

Looking to narrow its focus on consumer services.

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Goldman Sachs In Discussion With Barclays For GM Credit Card Transfer

With about $2 billion in balances transferring too.

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GM Offering $7,500 Rebate On EVs That Lost U.S. Tax Credit

Including Chevy Blazer EV and Cadillac Lyriq.

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Goldman Sachs Dropping GM Credit Card

Customers aren't using the cards enough.

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GM Sets Up $6 Billion Line Of Credit To Absorb Strike Losses

The UAW strike has cost GM $200M so far.

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Senator Joe Manchin Seeking To End EV Tax Credits For Unqualified Cars

Full credit eligibility would expire in March 2023 regardless.

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Cadillac Lyriq Not A Utility Vehicle, Says U.S. Treasury

Under these The Lyriq’s current price makes it ineligible for the EV tax credit.

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GM Offering $3,000 Rebate To Chevy Silverado Sold Orders

Eligible customers will be notified via email and direct mail.

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Fitch Applies BBB- Rating To Unsecured GM Green Notes

The notes are collectively worth $2.25 billion USD.

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New My GM Rewards Card Offers Unprecedented Value For GM Fans

Up to 7x rewards points.

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My GM Rewards Card Launches New Appreciation Experiences

Cardholders can now receive special GM-centric experiences.

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General Motors Launches New GM Rewards Loyalty Program

The automaker also launched a new My GM Rewards credit card this week.

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Proposed U.S. EV Tax Credits Could Run Afoul Of USMCA Trade Deal With Canada

Canada plans to fight the proposed tax credits with lobbying efforts.

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GM Financial Celebrates 90th Anniversary In Mexico

Serving more than 400,000 customers in the country.

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GM Financial Q1 2021 Results Highlighted By $1.2 Billion In Earnings

The captive finance arm also paid $0.6 billion in dividends to GM during the quarter.

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GM Card Members Get $1,000 Bonus Earnings In January

The earnings can be used toward the price of a new Chevrolet, Buick or GMC vehicle.

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GM Financial Ranks Low In J.D. Power 2020 U.S. Dealer Financing Satisfaction Study

The auto finance sector may be set for a shake-up in a post COVID-19 world.

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GM Repays Over Half Of The $16B It Borrowed To Get Through COVID

Through October, The General has paid back $9.1 billion of the $16 billion it borrowed.

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General Motors Sells Credit Card Business For $2.5 Billion

Goldman Sachs beat out Barclays in a bidding war for the business.

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Goldman Sachs Wants To Acquire The GM Credit Card Business

The financial institution wants to open up in-vehicle payment options.

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$4 Billion In Recently-Issued GM Notes Rated BBB- By Fitch

Representing a "Good" credit rating, though not the best.

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GM Cash Reserves Further Bolstered By $4.0B During COVID-19 Pandemic

By issuing $4 billion of unsecured notes maturing in 2023, 2025 and 2027.

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GM Adds $3.6 Billion In Available Credit During COVID-19 Pandemic

Further strengthening the automaker's liquidity position.

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Coronavirus Outbreak Could See GM Credit Rating Downgraded

GM recently drew down $16 billion in available credit to ride out COVID-19.

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GM Draws $16 Billion In Credit In Wake Of COVID-19 Pandemic

Supplementing between $15 and $16 billion in cash that GM expects to have on hand at the end of March.

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