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

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.

Barclays Bank has snapped up the General Motors card business from current issuer Goldman Sachs.

The cards give members the opportunity to earn and redeem awards on new Chevrolet, Cadillac, Buick and GMC vehicles, including GM’s line of electric vehicles.

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.