Fintech M1 has made its popular Owner’s Rewards Card even more enticing with seven new brands to earn accelerated cash back. The new categories – in which cardholders earn 5% back if they own stock through M1 – can help cardholders save up to 5% back on gas at the pump.
M1 Rewards Adds Seven Brands to Bonus Cash Back Categories
is one of the more intriguing fintech and investment rewards credit cards on the market today. The card offers 2.5%, 5%, or 10% cash back when cardholders shop at select companies whose stock they own and 1.5% cash back on all other purchases should consumers choose not to invest in the brands. The cash back is automatically invested into their portfolio, helping to maximize rewards and grow long-term wealth through everyday transactions.
Now, M1 is making its Owner’s Rewards Program even more rewarding. The M1 Owner’s Rewards program has added seven new brands to their already impressive line-up of brands at which cardholders can earn up to 10% cash back on purchases. Starting today, cardholders will have greater opportunities to earn more cash back when shopping at select companies whose stock they own.
The new M1 bonus companies will help investors save big at the pumps with some of the biggest names in the fuel industry. The new companies include Amoco, BP, Chevron, Exxon, Mobil, and Texaco. Cardholders who invest in the six new fuel brands earn 5% cash back when they shop. Cardholders will also earn 2.5% back with communications and internet provider, Spectrum.
M1 Plus No Longer Required
The news of the new bonus cash back companies follows closely on the heels of previous M1 news about removing the need for M1 Plus. The Owner’s Rewards Card by M1 is now available to all M1 users rather than just M1 Plus users. This news means new applicants no longer need to join M1’s annual membership plan to get the most out of their M1 credit card.
M1 Plus is a $95 per year service that provides members access to a higher APY with the M1 Spend account, a special edition of the M1 Spend Visa® Debit Card (including their choice of five unique metal card designs), and more, including:
- 2% loans through M1 Borrow. Members receive a 1.5% reduction on the base rate of M1 Borrow, the firm’s portfolio line of credit.
- A special afternoon trading window if the account has more than $25,000 in the investment portfolio
Related Article: The Best Fintech & Crypto Credit Cards of 2022