This New Credit Card Pays up to 10% Back When You Buy From Companies You Invest In

by Natasha Gabrielle | Updated Aug. 27, 2021 - First published on Aug. 16, 2021

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A young woman stands in her kitchen, holding her credit card and phone.

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The upcoming Owner's Rewards Card by M1 will offer up to 10% cash back rewards when shopping with brands you invest in.

M1 Finance recently announced the launch of the Owner's Rewards Card by M1. This is the investment app's first credit card, which offers cash back rewards of up to 10% when you buy from companies you invest in. While the card application is not yet available, those interested can join a waitlist. Find out more about this unique credit card.

The Owner's Rewards Card by M1 highlights

M1 Finance is an investment app and platform with no asset management fees. Users can create customized portfolios and focus on their long-term investing goals.

The Owner's Rewards Card by M1 is for M1 Plus members. This membership, which offers extra incentives through M1 Finance, costs $125 per year, but at this time, the first year of membership is free. M1 Plus members who apply and get approved for the card will not pay a separate annual fee for their credit card, but if a cardholder decides to downgrade their M1 Plus membership, they will be charged an annual card fee of $95.

With the Owner's Rewards Card by M1, cardmembers will earn cash back rewards when shopping with select brands that they invest in. You'll have to own at least $0.01 of a fractional share with a particular eligible company to earn cash back on purchases. Cash back rates vary but range from 2.5% to 10%.

All cash back earnings will be deposited into your investment portfolio. Cardholders can choose to automatically reinvest their rewards into their portfolio or withdraw their earnings.

This sleek metal card, expected to be released later this year, will include Visa Signature benefits and offer contactless and mobile payment capabilities.

Earn cash back when you buy from companies you invest in

Earn 10% when you shop with and invest in these brands:

  • Adobe
  • AMC Theaters
  • Chewy
  • Dropbox
  • GameStop
  • Bath & Body Works
  • Victoria's Secret
  • Lululemon
  • Netflix
  • Purple
  • Peloton
  • Stitch Fix
  • Spotify
  • Tesla
  • Ulta
  • Wayfair

Earn 5% when you shop with and invest in these brands:

  • American Airlines
  • Chipotle
  • Delta
  • Dollar General
  • Domino's Pizza
  • Etsy
  • FedEx
  • JetBlue
  • Southwest
  • Converse
  • Nike
  • Starbucks
  • HomeGoods
  • Marshalls
  • TJ Maxx
  • United Airlines
  • UPS

Earn 2.5% when you shop with and invest in these brands:

  • Apple
  • Airbnb
  • Amazon
  • Whole Foods
  • Zappos
  • Best Buy
  • Comcast
  • Costco
  • DoorDash
  • eBay
  • The Home Depot
  • Lowe's
  • Lyft
  • Mcdonalds
  • Burger King
  • Popeyes
  • Tim Hortons
  • AT&T
  • DirecTV
  • HBO
  • Target
  • Sprint
  • T-Mobile
  • Postmates
  • Uber
  • UberEats
  • Verizon
  • Duane Reade
  • Walgreens
  • Sam's Club
  • Walmart
  • KFC
  • Pizza Hut
  • Taco Bell

For all other purchases, cardmembers will earn at a rate of 1.5%.

Is the Owner's Rewards Card by M1 for you?

Is this card worth pursuing? Using a rewards credit card responsibly is a great way to get rewards on your everyday purchases, though it's good practice to only charge what you can afford to pay off in full.

If you're already using M1 Finance to invest in some of the brands above, this rewards credit card may be worth considering. If you're an M1 Plus member, you can join the card's waitlist to get early access once the card is released. If not, you'll need to first become an M1 Plus member.

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