M1 has succeeded in bringing investing and planning for the future to the public. The platform itself is an excellent place for consumers to build their nest eggs and take control of their finances. Adding to the platform is the Owner’s Rewards Card by M1, a credit card designed specifically for the consumer who wants to get more out of every purchase.
With a plethora of recent changes to the Owner’s Rewards Card, M1 is making the card that much more functional, that much easier to use and far more beneficial for everyone.
- Credit card users who want their cards to work for them
- Investors seeking innovative ways to maximize their portfolios
- High-rate rewards program
- No annual fee
- Fluid movement from account to account
- Limited list of reward-eligible companies
M1 Finance Credit Card Ratings at a Glance
The Owner’s Rewards Card by M1 Options
Starting with the basics, you have Visa Signature® privileges and benefits that include Zero Liability, exclusive experiences and much more. Plus, there are exclusive features and discounts from M1 that make it even easier to build wealth.
Remember, too, that the card is perfect for everyone, but it gets better for M1 Plus accountholders. For example, you can use M1 automation to reinvest your rewards (which we’ll discuss below) to improve the long-term impact of those rewards. You even get your first 3 months of M1 Plus for free with the card (it’s $125 annually thereafter).
Cashback Rewards Up to 10%
With the Owner’s Rewards Card by M1, you earn 1.5% on every purchase and up to 10% cash back as an M1 Plus member when you shop with more than 70 brands that help you earn 2.5%, 5% or 10% back. There’s a limit of $200 cash back per calendar month—just something to keep in mind for those who plan to do quite a lot of shopping.
Cash back rewards from popular brands include:
10% back with Adobe, Lululemon, Spotify, AMC Theatres, Netflix, Tesla, Dropbox, Peloton, ULTA Beauty, Dollar General and Stitch Fix.
5% back with American Airlines, Chipotle, Domino’s Pizza, GameStop, Converse, Popeye’s, HomeSense, United Airlines, Mobil, Amoco, Chevron, Etsy, jetBlue, Nike, Tim Horton’s, Marshall’s. UPS, KFC, BP, Texaco, Reverb, Southwest Airlines, Purple, Starbucks, Sierra, Wayfair, Pizza Hut, Chewy, Delta, FedEx, McDonald’s, Burger King, HomeGoods, T.J. Maxx, Exxon and Taco Bell.
2.5% back with Apple, Twitch, Spectrum, eBay, AT&T, Postmates, Duane Reade, Bonobos, airbnb, Whole Foods, Comcast, Home Depot, Uber, Target, Walgreen’s, Moosejaw, Amazon, Zappos, Caviar, Lowe’s Sprint, Uber Eats, Discovery+, Sam’s Club, Audible, Best Buy, DoorDash, Lyft, T-Mobile, Verizon, HBO and Walmart.
The list of participating companies is extensive. You can view the full list here. You more than likely spend money with these companies already.
The Owner’s Rewards Card by M1 offers customer service via phone or live chat Monday-Friday 9 am to 9 pm ET and Saturday 10 am to 3 pm ET. Plus, you can contact M1 for general account information when needed. You may also send an email if you prefer, with responses generally coming through Monday to Friday.
While the company does offer phone and email correspondence, M1 gears The Owner’s Rewards Card by M1 to experienced investors who are comfortable with advanced financial activities. To that end, its customer service is not geared toward hand-holding, yielding a few less-than-glowing reviews mixed among a generally positive view of the firm’s customer care.
As mentioned previously, the annual fee is $0 even when you are not an M1 Plus accountholder, but M1 Plus users unlock the special reward tiers mentioned above.
You also get your first 3 months of M1 Plus free with the card ($125 annually thereafter).
The Owner’s Rewards Card by M1 connects to the M1 Investment App that offers a suite of financial products, creating an all-in-one finance super app. The app is available for free download at both the Apple app store and Google Play.
The M1 mobile app gets great marks across the board. It’s an investing app that offers both direct trading and automated investing. Minimum deposits are as low as $100, and M1 Invest charges no commissions.
The app offers:
- Fractional shares trading
- Margin lending
- Digital banking
- No commissions
- No account management fees
- Low account minimums
The Owner’s Rewards Card by M1 gives you the option to put those pennies and dollars you earn as rewards right back into your investment account where you can invest them so that they can strengthen. With cashback rewards as high as 10% (for M1 Plus members), those investments can strengthen steadily.
Great user benefits include:
- Fewer fees because every dollar you don’t pay in management fees is one you can invest in yourself.
- Smarter tools since your time is as valuable as your money
- Wiser strategies that put into practice the concept that building long-term wealth isn’t achieved by day-trading or neglected retirement accounts
- The Owner’s Rewards Card by M1 UX
- The only knock here is the lower rating for customer service, but the 3 rating on that aspect of The Owner’s Rewards Card by M1 doesn’t tell the whole story. M1 is for the savvy, experienced investor, and the company uses its resources to save its customers money. M1 earns a top rate of 5 overall in spite of its customer service rating.
The only knock here is the lower rating for customer service, but the 3 rating on that aspect of The Owner’s Rewards Card by M1 doesn’t tell the whole story. M1 is for the savvy, experienced investor, and the company uses its resources to save its customers money. M1 earns a top rate of 5 overall in spite of its customer service rating.
The Owner’s Rewards Card by M1 vs. Competitors
When it comes to investing your money, you can go with other companies that walk you through the process step-by-step, but it’s going to cost you in fees. Your experience with investing your cashback with M1 Invest will be at its height if you have some investment knowledge. If you’re a novice investor, you might be more comfortable with a higher-touch entity. Do your own due diligence. For the seasoned investor, the M1 Owner’s Rewards Card cashback rewards add up when you reinvest and get your cashback to work for you.
- securely through M1 Finance Credit Card's websiteRegular APR
17.24% – 27.24% | See Rates & FeesRating:
- securely through Indigo Mastercard's websiteRegular APR
Benzinga loves M1 and its innovative way of taking a common financial vehicle — the credit card — that has traditionally been a drag on consumers and transforming it into a force for good. It’s a complete win when you as an investor buy stock in a company you love and use, and then end up getting paid to shop there. Remember, you don’t even need to own stock to get M1 Owner’s Rewards Card points. Think of M1 as a digital piggy bank and make your change work for you.
M1 Finance Credit Card Tutorial
Frequently Asked Questions
Is the M1 card metal?
The M1 Owner’s Rewards Card is a sleek, black, metal, contactless credit card.
Is M1 a good idea?
Benzinga thinks M1 is a good idea. It is the modern-day, digital version of the old-fashioned piggy bank. You earn high cashback rewards from places you love to shop, and you automatically invest back into companies you trust.
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