The Owner’s Rewards Card by M1
- Annual fee
- None
- Recommended credit
- Excellent / Good
- Card network
- Visa
- Regular purchase APR
- 20.24% to 30.24% variable based on creditworthiness and the Prime Rate
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.
Our review of the The Owner’s Rewards Card by M1
The Owner’s Rewards Card by M1 is a top-tier fintech rewards credit card that offers M1 Plus users the opportunity to earn up to 10% cash back rewards with major companies like Southwest, Uber, Ulta, and more.
Who Can Benefit from the Owner’s Rewards Card?
The Owner’s Rewards Card by M1 is perfect for those who want to maximize their credit card rewards. Whether you’re a frequent traveler, a shopping enthusiast, or someone who loves cashback, this card has various redemption options to suit your preferences. With competitive rewards rates and exclusive access to special events, the Owner’s Rewards Card is a valuable tool for anyone looking to boost their credit card rewards.
Eligibility
The Owners Rewards Card is available in all 50 U.S. states and the District of Columbia. Unfortunately, the program is not available 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.
Credit Needed
The Owner’s Rewards Card is tailored for consumers with excellent credit. Make sure your credit score meets the eligibility criteria before applying, as M1 Credit Card follows a strict approval process.
M1 Benefits
The Owner’s Rewards Card offers a range of benefits that set it apart from other credit card rewards programs.
Streamlined Access to M1
One of the standot features of the Owner’s Rewards Card by M1 is the seamless account management. With the account integrated into the existing M1 Invest, Spend*, and Borrow* ecosystem, M1 Credit allows clients to streamline their finances and focus on their investment goals.
While an M1 Plus membership is required, cardholders can still choose to hold stock in companies they believe in, shop at those companies to earn rewards, and reinvest their cash back to strengthen their portfolio.
M1 Plus Not Required – But Offers Enhanced Features
The Owner’s Rewards Card by M1 has no annual fee, providing cardholders with a baseline of 1.5% cash back on all eligible purchases. To earn rewards at higher levels of 2.5%, 5%, and 10% cash back, a M1 Plus membership is required.
M1 Plus members enjoy advantages such as a higher APY with the M1 Spend* account, a special edition of the M1 Spend Visa® Debit Card, and more, including discounted loans through M1 Borrow* and a special afternoon trading window for accounts with over $25,000 in the investment portfolio.
How to Earn Cash Back
The Owner’s Rewards Card by M1 offers a streamlined cash back rewards system that delivers increased value with M1 Plus. Cardholders earn a base of 1.5% cash back on everyday purchases, with higher rewards tiers of 2.5%, 5%, and 10% cash back with M1 Plus.
Previously, cardholders needed to own company shares to earn up to 10% cash back rewards. Now, M1 Plus members can enjoy accelerated rewards on a wide range of retailers.
How to Redeem Rewards
M1 automaticallyloads cash back rewards onto the linked M1 account for use on the platform. Rewards are transferrable to M1 Spend accounts or an external checking account. Rewards do not expire.
Other Card Benefits
As a Visa® Signature product, the M1 Owner’s Rewards Card provides cardholders with a high level of protection and luxury, including zero fraud liability, extended warranty coverage, and more. The card also boasts a sleek metal design and EMV chip technology for added security.
Comparison
Here’s a comparison between the M1 Owner’s Rewards Card and the Schwab Investor Card® from American Express:
The Owner’s Rewards Card by M1
- Get a baseline of 1.5% cash back, with higher tiers of up to 10% with M1 Plus
- No annual fee
Schwab Investor Card®
- Earn 1.5% cash back deposited into your eligible Schwab account
- No annual fee
Insider Tips to Get the Most from M1
Experienced Owner’s Rewards Card users recommend keeping an eye out for limited-time promotions and offers to maximize rewards. Additionally, regularly updating rewards preferences can help tailor rewards to your preferences, maximizing their value.
Final Thoughts
The Owner’s Rewards Card by M1 is a powerhouse for current M1 Invest customers, especially those with an M1 Plus membership. With lucrative rewards and a range of benefits, this card is an excellent choice for those looking to boost their credit card rewards and investment portfolio. Consider your spending habits and financial goals before applying to ensure the card aligns with your needs. Review the redemption options and potential restrictions to make an informed decision.
Expert reviews for the Owner’s Rewards Card:
Should You Apply for The Owner’s Rewards Card by M1?
If you’re an M1 Invest customer looking to maximize rewards and integrate them into your investment strategy, the Owner’s Rewards Card by M1 is an excellent choice. With up to 10% cash back and a host of benefits, this card offers great value for those willing to take advantage of its features.
Card features
Benefits as listed on the original card page. They can change; confirm details with the issuer.
- Earn cash back on everyday purchases 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 M1 helps you grow 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.
Who this card may suit
- 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
Rates, fees and terms
| Annual Fee | None |
|---|---|
| Regular Purchase APR | 20.24% to 30.24% variable based on creditworthiness and the Prime Rate |
| Late Payment Penalty Fee | Up to $25 |
| Return Payment Penalty Fee | Up to $37 |
Confirm before you apply: rates, fees and offers change often. The figures above are the ones listed on the original card page, not a current quote from the issuer. APRs are typically variable, and the rate you receive depends on your creditworthiness. Recommended credit: Excellent Credit Good Credit.
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The Owner’s Rewards Card by M1
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