The Owner’s Rewards Card by M1 Review

The The Owner’s Rewards Card by M1 is a unique cash back card designed for users of the M1 investment platform. 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 20 companies making up three tiers of rewards. The cash back rewards are automatically reinvested in your M1 portfolio. The tiered rewards program includes home improvement stores, fuel brands, restaurants, and more. You no longer need to be a member of M1 Plus, but if you have less than $10,000 in assets, the cost for M1 is $3 a month. We dive into the details and your approval odds in this M1 Owner's Rewards review.

Owner's Reward Card from M1

Our Rating

4.8/5.0

Welcome Offer

N/A

Annual Fee

$0

0% on Purchases

N/A

Reward Rate

1.5% – 10% cash back

0% on Balance Transfers

N/A

Features & Benefits

SecurityEMV Chip Enabled, Fraud Monitoring, Zero Liability, Identity theft protection
Contactless PaymentsTap to Pay, Apple Pay, Google Pay
Benefits24/7 customer service
Travel PerksConcierge Services, Emergency Travel Assistance, Roadside Assistance

Rewards

1.5% cash back
All eligible purchases
Earn 1.5% cash back on all eligible purchases. Cash back earned on eligible purchases subject to a maximum of $200 cash back per calendar month.Earn 1.5% cash back on all eligible purchases. Cash back earned on eligible purchases subject to a maximum of $200 cash back per calendar month.
2.5% cash back
Select Categories
Earn 2.5% on select companies. Cash back earned on eligible purchases subject to a maximum of $200 cash back per calendar month.
5% cash back
Select Categories
Earn 5% cash back on select companies. Cash back earned on eligible purchases subject to a maximum of $200 cash back per calendar month.
10% cash back
Select Categories
Earn 10% cash back on select companies. Cash back earned on eligible purchases subject to a maximum of $200 cash back per calendar month.

Interest Rates & Fees

Annual Fee$0
Foreign Transaction FeeNone
Regular APR20.24% – 30.24% (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 StatusDateCredit ScoreBureauCredit Limit
Approved03/03/2022
753
Experian
$6,000
Approved03/05/2022
805
Equifax
$15,000
Approved03/05/2022
800
Experian
$15,000
Approved03/05/2022
810
TransUnion
$15,000
Denied12/20/2022
748
TransUnion
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Pros & Cons

Pros
  • No annual fee
  • No foreign transaction fee
  • Up to 10% cash back
Cons
  • No welcome bonus
  • High APR
  • Requires good credit

What Are the Best Alternatives?

Fidelity® Rewards Visa Signature® Credit Card
Fidelity® Rewards Visa Signature® Credit Card

Rating

4.2

Rewards Range

2% cash back

Annual Fee

$0

Citi<sup>®</sup> Double Cash Card
Citi® Double Cash Card

Rating

4.9

Rewards Range

1% to 2%

Annual Fee

$0

Capital One SavorOne Cash Rewards Credit Card
Capital One SavorOne Cash Rewards Credit Card

Rating

4.5

Rewards Range

1% -10%

Annual Fee

$0

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