Enhanced Reward Programs and Special Offers from Marcus by Goldman Sachs: July 2024
Marcus by Goldman Sachs, named after the founder of Goldman Sachs, offers a range of financial products including high-yield savings accounts, certificates of deposit, and personal loans. They are known for providing some of the highest interest rates on savings products.
Banks are eager for your business and often offer cash incentives for opening new accounts or using their credit cards. In today’s economy, these extra funds can be quite beneficial.
Marcus by Goldman Sachs also runs special promotions to attract new customers, such as referral bonuses and credit card rewards. Here’s a breakdown of these offers:
**Marcus Referral Bonus**
If you refer a new customer to Marcus by Goldman Sachs, both you and the new customer can receive a 0.25% annual percentage yield (APY) boost on your online savings accounts for three months. This bonus can be earned up to five times per year. There is no minimum deposit required, and the bonus is applied within one business day after the new account is opened. Referred customers must not have had a Marcus savings account or certificate of deposit in the past 12 months.
**Marcus by Goldman Sachs Credit Card Bonuses**
Marcus offers bonuses for its three GM co-branded credit cards:
1. **My GM Rewards Card™**
– **Bonus**: 15,000 points
– **Earnings**: 7x points on GM purchases, 4x points on other purchases
– **Redemption**: Points can be used towards GM vehicles and services, or up to $250 as a statement credit annually
– **Intro APR**: 0% for the first nine months, then 20.24%-29.99% variable APR
– **Minimum Spend**: $1,000 within the first three months
– **Annual Fee**: None
2. **GM Business Card™**
– **Bonus**: $750 in Earnings
– **Earnings**: 5% on GM dealership purchases, 3% at office supply stores, restaurants, and gas stations, 1% on other purchases
– **Intro APR**: 0% for the first nine months, then 19.24%-29.24% variable APR
– **Minimum Spend**: $5,000 within the first five months
– **Annual Fee**: None
3. **GM Extended Family Card™**
– **Bonus**: $100 in Earnings
– **Earnings**: 1% on all purchases
– **Redemption**: Can be combined with GM employee or supplier discounts
– **Minimum Spend**: $1,000 within the first three months
– **Annual Fee**: None
These offers provide various incentives for new customers, making Marcus by Goldman Sachs an attractive option for those looking to maximize their savings and rewards.