Barclays will replace Goldman Sachs as the exclusive issuer of General Motors credit cards in the U.S., a move that will boost the U.K. lender’s stateside presence.The companies on Monday said Barclays will begin issuing GM’s credit cards starting next summer.

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.