Who bought out Capital One GM card?
What happened to Capital One GM credit card
Goldman bought the GM credit card portfolio in what was reported to be a $2.5 billion deal in 2023. It gains roughly 3 million existing GM credit card holders, whose accounts were converted to Goldman from Capital One Financial Corp (COF.
What happened to my Capital One GM account
Goldman Sachs Bank USA is issuing the My GM Rewards Card and replacing Capital One as the partner for co-branded cards from GM. Many existing cardholders will get upgraded to the new Mastercard automatically, and Marcus by Goldman Sachs will start servicing existing GM cardholder accounts in late February.
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Who owns GM card now
GM Cards. Marcus by Goldman Sachs®
Did Capital One sell GM card to Goldman Sachs
Goldman Sachs bought GM's credit card portfolio for $2.5 billion in 2023 from Capital One, winning over rival Barclays. This was its second victory over the British lender after its rewards program with Apple was cut ahead of the Marcus partnership for the Apple Card.
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Is there still a GM credit card
If approved for the My GM Rewards® Mastercard®,† you'll get rewarded for the everyday spending you do, plus receive exclusive perks and benefits. See Program Rules. 15,000 bonus points after spending $1,000 on the My GM Rewards® Mastercard®† in the first 3 months.
Is GM credit card Capital One
Cardholder Experience
The GM BuyPower card is serviced by Capital One, one of the top card issuers in the country.
Does Capital One have a GM card
My GM Rewards Card™
Earn 15,000 bonus points after you spend $1,000 in your first three months. Earn unlimited 7x total points with GM. 4x points on purchases everywhere else.
Who issues the GM credit card
Goldman Sachs Bank USA
◊ Goldman Sachs Bank USA, Salt Lake City Branch, is the issuer of the My GM Rewards Card, GM Extended Family Card, GM Business Card and GM Cards. GM is solely responsible for the operation and administration of the Earnings and points programs.
Who is the bank for GM credit card
Goldman Sachs Bank USA
◊ Goldman Sachs Bank USA, Salt Lake City Branch, is the issuer of the My GM Rewards Card, GM Extended Family Card, GM Business Card and GM Cards. GM is solely responsible for the operation and administration of the Earnings and points programs.
Is Capital One the same as GM Financial
The Goldman Sachs Group GS has acquired General Motors Co's GM credit card unit for about $2.5 billion from Capital One Financial COF. The news was first reported by The Wall Street Journal.