Last updated on May 23rd, 2023
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The Owner's Rewards Card by M1
The Owner's Rewards Card by M1
- 19.74% to 29.74% variable based on creditworthiness and the Prime Rate Regular Purchase APR
At a Glance
The Owner’s Rewards Card by M1 is a fintech credit card that offers cardmembers the chance to earn cash back – up to 10% for M1 Plus members and 1.5% for all other cardholders – on purchases with brands including Chewy, Spotify, Netflix, Tesla, and more.
- Best Benefits
- Rates & Fees
- Why Should You Apply?
- Earn up to 10% cash back* with the Owner's Rewards Card by M1. Then, reinvest your rewards for long-term growth
- Get a baseline of 1.5% cash back on everyday purchases, and unlock higher rewards tiers of 2.5%, 5%, and 10% cash back with M1 Plus
- Use M1 automation to easily reinvest your rewards for long-term impact
- Integrate even more of your financial life in one place, while helping you grow and maximize your wealth with everyday transactions
- Visa Signature® benefits including Zero Liability, exclusive experiences, and more
- The credit card for investors is here. Invest when you spend and build your wealth with everyday transactions
- There is no annual fee
- Your first three months of M1 Plus is free.* Get exclusive features and discounts to help you build your wealth
- Regular Purchase APR: 19.74% to 29.74% variable based on creditworthiness and the Prime Rate
- Late Payment Penalty Fee: Up to $25
- Return Payment Penalty Fee: Up to $37
- You already have an M1 Plus account
- You regularly invest and want a credit card that can build your wealth with everyday transactions
- You shop at several leading brands that can earn you up to 10% cash back when you use the Owner’s Reward Card by M1
The Owner's Rewards Card by M1Terms & Conditions
The Owner’s Rewards Card by M1 Review
The Owner’s Rewards Card by M1 is a fintech rewards credit card that allows M1 Plus users to earn up to 10% cash back rewards with leading companies like Southwest, Uber, Ulta, and more.
M1 Plus Not Required – But Offers Enhanced Features
The Owner’s Rewards Card by M1 features no annual fee. This $0 annual fee entitles cardholders to the baseline 1.5% cash back on all eligible purchases. Earning rewards at the 2.5%, 5%, and 10% cash back levels requires M1 Plus membership.
M1 Plus members get an edge when investing, borrowing, and spending. New members can try M1 Plus free for the first three months, with the service costing $95 per year after the trial. Members can cancel anytime.
Plus members also enjoy 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.
- Special afternoon trading window if the account has more than $25,000 in the investment portfolio
How to Earn Cash Back
The Owner’s Rewards Card by M1 features a streamlined cash back rewards system that provides greater value with M1 Plus. Cardholders earn a baseline of 1.5% cash back on everyday purchases, with higher rewards tiers of 2.5%, 5%, and10% cash back with M1 Plus.
Previously, M1 Owner’s Rewards cardholders needed to own company shares to earn up to 10% cash back rewards on purchases. Now, that requirement is gone, with M1 Plus members earning the following accelerated rewards:
|• 10% cash back on purchases from brands like Netflix, Spotify, Ulta, Tesla, Lululemon, and more|
|• 5% cash back on purchases from brands like American Airlines, Delta, Chipotle, JetBlue, Southwest, Marshalls, McDonald’s, and more|
|• 2.5% cash back on purchases from brands like Audible, Whole Foods, Apple, Airbnb, Walgreens, Verizon, and more|
Cash back rewards with M1 are subject to a maximum aggregate award amount of $200/month. No rewards are earned after reaching the $200 cap. This is a frustrating feature but will only cause problems for those who regularly place considerable amounts of spending on their credit cards every month. The $200 cap, for example, would only come into play after $13,500 in spending (please note this excludes any M1 bonus categories).
Always review the cardholder agreement and rewards terms and conditions for important information about the Owner’s Rewards Card by M1 before applying.
How to Redeem Rewards
M1 automatically loads cash back rewards onto the linked M1 account. Rewards are automatically loaded to the cardholder’s M1 Invest, or M1 Spend account (per the account holder’s direction) for use on the M1 platform. M1 retirement, trust, or any custodial accounts are ineligible.
Cash back is transferable to M1 Spend accounts or an external checking account. M1 is neither responsible nor liable for any Rewards transfer to an external checking account made by users. Rewards never expire.
Streamlined Access to M1
One of the highlights of the Owner’s Rewards Card by M1 is the ease of account management. Because the account lives with the existing M1 Invest, Spend*, and Borrow* ecosystem, M1 Credit allows clients to streamline their finances and focus on their investment goals.
Although having an M1 Plus membership is the main requirement, cardholders can still choose to hold stock in the companies they believe in, shop at those companies to earn rewards, and then reinvest their cash back to bolster their portfolio – a win-win-win!
The Owners Rewards Card is available in all 50 U.S. states plus the District of Columbia. The program is unavailable for US Territory residents. The Owner’s Rewards Card by M1 is Powered by Deserve and issued by Celtic Bank, a Utah-Chartered Industrial Bank, Member FDIC.
Other Things to Know
As a Visa® Signature product, the M1 Owner’s Rewards Card offers an elevated level of protection and luxury for cardholders, including:
|Zero Fraud Liability||Cardholder Inquiry Services||Emergency Card Replacement||Luxury Hotel Collection||Extended Warranty Coverage|
|Roadside Dispatch||Lost/Stolen Card Reporting||ID Navigator from Norton||Travel & Emergency Assistance||Extended Warranty Coverage|
Cardholders also enjoy a sleek metal card design and EMV chip technology. EMV technology adds a layer of security to the card. It allows for pay options with tap-to-pay, Apple Pay, and Google Pay for a contactless shopping experience.
Here is how the M1 credit card stacks up against another investor credit card, the Schwab Investor Card® from American Express:
The Owner’s Rewards Card
Schwab Investor Card®
|Get a baseline of 1.5% cash back on everyday purchases, and unlock higher rewards tiers of 2.5%, 5%, and 10% cash back with M1 Plus||Earn an unlimited 1.5% cash back automatically deposited into your eligible Schwab account for purchases made with your Card|
|Visa Signature benefits including Zero Liability, exclusive experiences, and more||Amex 24/7 dining and events assitance|
|No annual fee||No annual fee|
FAQs About the The Owners Rewards Card
Here are answers to some of the most commonly asked questions about the The Owners Rewards Card by M1
Owner's Card Visa Ratings
How does the Owner’s Rewards Card stack up? Here is a selection of expert reviews for the card:
|BestCards||Better Business Bureau||TrustPilot|
Should You Apply for The Owner’s Rewards Card by M1?
The card offers quite a lot of oomph for current M1 Invest customers, especially those with an existing M1 Plus membership. The card earns up to 10% back on purchases with an impressive array of retailers, including GameStop, Netflix, Spotify, and Tesla. Even better, the card earns accelerated cash back (5% and 2.5%) on an even longer list of retailers – making it an ideal option for those looking to spend every day and pump those rewards back into their M1 Invest account.
While the $95 Plus annual membership fee might be off-putting (currently available free for the first three months), it does provide access to myriad other benefits, including up to 3% APY. Add to that Visa Signature benefits, and you have a fintech and investment rewards credit card that more than holds its own against any competition.
Not available for US territory residents. Owner’s Rewards Card by M1 is Powered by Deserve and issued by Celtic Bank, a Utah-Chartered Industrial Bank, Member FDIC.
M1 Spend is a wholly-owned operating subsidiary of M1 Holdings Inc.
M1 Spend checking accounts furnished by Lincoln Savings Bank, Member FDIC. M1 Visa® Debit Card is issued by Lincoln Savings Bank, Member FDIC.
Brokerage products are offered by M1 Finance LLC, Member FINRA/SIPC.
All investing involves risk, including the risk of losing the money you invest, borrowing on margin adds to those risks. Rates may vary.
Review Cardholder Agreement and Rewards Terms for important information about the Owner’s Rewards Card by M1.
1.5%-10% credit card cash back rewards earned on eligible purchases subject to a maximum of $200 cash back per calendar month.
For informational purposes only and not a trade recommendation. All product and company names are trademarks or registered trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.
M1 Plus is a $95 annual subscription offering products and services from M1 Spend LLC and M1 Finance LLC, both wholly owned, separate but affiliated subsidiaries of M1 Holdings Inc.