The Owner’s Rewards Card by M1 Review
Editorial Note: We earn a commission from partner links on Allcards. Commissions do not affect our authors’ or editors’ opinions or evaluations. From our partners: See our advertiser disclosure here.
The The Owner’s Rewards Card by M1 is a unique cash back card designed for members of M1 Plus. M1 Plus is an investment platform offered by M1 Finance. The card offers elevated cash back rewards of up to 10% and reinvests those rewards in your investment portfolio. There are tiers of rewards, and included companies choose to offer between 2.5% and 10% cash back. You do not need to own a share of the company to earn elevated rewards.
Right now, there are about 79 companies making up three tiers of rewards. The cash back rewards are automatically reinvested in your M1 portfolio. The tiered rewards program includes grocery stores, travel companies, fuel brands, restaurants, and more.
The only caveat is that you have to be a member of M1 Plus, currently $10 a month or $95 if you pay annually, although the fee is waived for the first three months. We dive into the details and your approval odds in this M1 Owner's Rewards review.
Our Rating
4.8/5.0
Welcome Offer
None
Annual Fee
$0
0% on Purchases
N/A
Reward Rate
1.5% – 10% cash back
0% on Balance Transfers
N/A
Welcome Offer
None
Features & Benefits
| Security | EMV Chip Enabled, Fraud Monitoring, Zero Liability, Identity theft protection |
| Contactless Payments | Tap to Pay, Apple Pay, Google Pay |
| Benefits | 24/7 customer service |
| Travel Perks | Concierge Services, Emergency Travel Assistance, Roadside Assistance |
Rewards
Interest Rates & Fees
| Annual Fee | $0 |
| Foreign Transaction Fee | None |
| Regular APR | 19.99% to 29.99% (V) APR |
What Credit Score Is Required to Get the The Owner’s Rewards Card by M1
The following credit score data are based on publicly available information we have collected from various forums. We have no way to confirm the accuracy of this data. In addition, keep in mind that credit card issuers use numerous factors in their underwriting process, and these factors can change at any time.
Lowest Approved Credit Score: 753
Average Approved Credit Score: 792
| App Status | Date | Credit Score | Bureau | Credit Limit |
|---|---|---|---|---|
| Approved | 03/03/2022 | Experian | ||
| Approved | 03/05/2022 | Equifax | ||
| Approved | 03/05/2022 | Experian | ||
| Approved | 03/05/2022 | TransUnion | ||
| Denied | 12/20/2022 | TransUnion |
Pros & Cons
- No annual fee
- No foreign transaction fee
- Up to 10% cash back
- No welcome bonus
- High APR
- Requires good credit
- Only available for M1 Plus members
What Are the Best Alternatives?
Fidelity® Rewards Visa Signature® Credit Card
Rating
4.2
Rewards Range
2% cash back
Annual Fee
$0
Citi® Double Cash Card - 18 month BT offer
Rating
4.9
Rewards Range
1% to 2%
Annual Fee
$0
Capital One SavorOne Cash Rewards Credit Card
Rating
4.5
Rewards Range
1% -10%
Annual Fee
$0