Barclays will be the exclusive issuer of the GM Rewards and GM Business Mastercard credit cards in the U.S., transitioning away from Goldman Sachs.

GM and Barclays announced a new credit card partnership, allowing customers to earn and redeem reward points for purchasing new GM vehicles.

General Motors Co. (NYSE:GM) inked a long-term partnership agreement with and Barclays US Consumer Bank for Barclays (BCS) to be the exclusive issuer of the GM Rewards Mastercard and the GM Business Mastercard in the United States starting next summer.

General Motors (GM) and Barclays have announced a long-term partnership agreement that will see the British bank become the exclusive issuer of GM-branded credit cards in the US starting next summer

General Motors and Barclays said on Monday they have signed a long-term credit card partnership agreement to let customers earn and redeem reward points on new Buicks, Cadillacs and other GM cars, including electric vehicles.

The deal aims to expand Barclays’s consumer ambitions in the U.S. while getting Goldman closer to exiting consumer lending.

Barclays Plc is taking over the General Motors Co. credit-card business from Goldman Sachs Group Inc., pouncing on the Wall Street firm’s failed effort to expand into consumer lending.