Owner’s Rewards Card FAQ

What is the Owner’s Rewards Card by M1?

The Owner’s Rewards Card by M1 is a credit card that allows you to earn extra rewards at qualifying brands if you are an active M1 Plus member. The rewards you earn can be automatically invested in your eligible M1 Invest Account.

Owner’s Rewards cannot be paid out to an M1 Traditional IRA, Roth IRA, SEP IRA, Trust Account or Custodial Account.

What are Owner’s Rewards?

Owner’s Rewards are cash back rewards for purchases at qualifying brands if you are an active M1 Plus member. They will fall under one of three rewards tiers: 10%* cash back, 5% cash back, or 2.5% cash back.

For example, as an active M1 Plus member, when you purchase your morning cup of coffee at Starbucks, you’ll earn 5% cash back on that purchase. And as an active M1 Plus member, you’ll earn 5% cash back on plane tickets at Southwest.

If you are not an active M1 Plus member, purchases made with the Owner’s Rewards Card by M1 will earn you a standard 1.5% cash back.

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.

*Owner's Rewards Card by M1 not available for US Territory Residents. 1.5%-10% credit card cash back rewards earned on eligible purchases subject to a maximum of $200 cash back per calendar month. Review Cardholder Agreement and Rewards Terms for important information about the Owner’s Rewards Card by M1. The Owner’s Rewards Card by M1 is Powered by Deserve and issued by Celtic Bank, a Utah-Chartered Industrial Bank, Member FDIC.

What do I need to do to get Owner's Rewards?

To qualify for Owner’s Rewards all you need to do is be an active M1 Plus member.

What happens with my Owner's Rewards?

Your rewards will be automatically invested in the qualifying M1 Invest Account of your choice.

Owner’s Rewards cannot be paid out to an M1 Traditional IRA, Roth IRA, SEP IRA, Trust Account or Custodial Account.

What perks come with the Owner’s Rewards Card by M1?

When approved for the Owner’s Rewards Card by M1, you’ll get a one-of-a-kind credit card that can help you propel your long-term financial goals while you spend.

 

Perks
You’ll get up to 10% cash back* on purchases from certain brands when you are an active M1 Plus
member**.

In addition to earning between 1.5% and 10% cash back, the Owner’s Rewards Card by M1 includes:

  • Integration with your M1 Invest Account
  • A sleek metal card with contactless tap-to-pay and mobile pay
  • Visa Signature® benefits, including zero liability, lost/stolen card reporting, Visa Signature Luxury Hotel Collection, Visa Signature Concierge, Visa Signature perks (like travel and entertainment)

 

*Owner's Rewards Card by M1 not available for US Territory Residents. 1.5%-10% credit card cash back rewards earned on eligible purchases subject to a maximum of $200 cash back per calendar month. Review Cardholder Agreement and Rewards Terms for important information about the Owner’s Rewards Card by M1. The Owner’s Rewards Card by M1 is Powered by Deserve and issued by Celtic Bank, a Utah-Chartered Industrial Bank, Member FDIC.

**M1 Trust and Custodial Account holdings are not eligible to qualify for Owner’s Rewards.

Which Visa Signature® Benefits Come with the Owner’s Rewards Card by M1?

The Owner’s Rewards Card by M1 includes the following Visa Signature® benefits:

ID Navigator Powered by NortonLifeLock: This provides you with tools to help keep you informed of potential threats to your identity and helps you act quickly should the unexpected happen.

Roadside Dispatch: This is a pay-per-use roadside assistance program; available 24x7; Roadside Dispatch will ask you where you are, what the problem is, and will remain on the phone while arranging a dispatch to a reliable tow operator or locksmith — you pay a set price per service call. Certain limitations, terms and conditions apply.

Travel & emergency assistance services: You’ll have 24/7 access to multilingual representatives who can answer questions that may arise and provide referrals to various services when traveling anywhere in the world, such as medical referral assistance, emergency transportation service and lost luggage assistance. See terms and conditions for any costs.

Cardholder Inquiry Service: Take full advantage of your unique benefits with personalized support from Visa Signature card benefits experts.

Zero Liability Policy: With Visa’s Zero Liability Policy, you won’t be held responsible for unauthorized transactions made with your Visa card. You’re covered if your card is ever lost, stolen or fraudulently used.

Emergency Card Replacement: Visa can work with your bank to expedite the replacement of your card and ship it globally within 24 to 72 hours.

Emergency Cash Disbursement: In case of emergency, we can arrange a wire cash transfer to your local Western Union within 2 hours of approval from your bank.

Lost/Stolen Card Reporting: Call your Visa card issuer or Visa Global Customer Care Services at 1-800-847-2911, or call one of our global toll-free numbers and a Visa representative will work with you to notify the appropriate parties and replace your card.

Visa Signature Luxury Hotel Collection: Receive guest status at over 900 Visa Signature Luxury Hotel properties worldwide, allowing you to benefit from free nights, discounts, complimentary breakfast and other premium perks.

Visa Signature Concierge services: This complimentary service provides representatives who can help with travel needs, purchasing a gift, booking a reservation and more.

Visa Signature Perks:

  • Rental car service discounts: Receive discounts when you book car rentals with Silvercar by Audi.
  • Sonoma Wine Country: Get discounts on wine purchases, tastings and more at participating Sonoma wineries.
  • Troon Rewards: Receive savings at over 95 golf courses worldwide.

For more information on these benefits, visit the Visa website.

 

Who is eligible to apply for the Owner’s Rewards Card by M1?

To be eligible to apply for the Owner’s Rewards Card by M1, you must:

  1. Have an open M1 Invest Account.
  2. Have an address that is in one of the 50 US states. US territories are not supported at this time.

 

What is the annual fee for the Owner's Rewards Card by M1?

The Owner's Rewards Card by M1 has no annual fee.

M1 Plus members will receive additional rewards of up to 10% cashback for purchases at Owner’s Rewards eligible brands. Learn more about unlocking the full potential of your account with M1 Plus.

 

M1 Plus is a paid membership billed at $36 annually or at $3 monthly that confers benefits for products and services offered by M1 Finance LLC, M1 Spend LLC and M1 Digital LLC, each a separate, affiliated, and wholly-owned operating subsidiary of M1 Holdings Inc. “M1” refers to M1 Holdings Inc., and its affiliates.

Will you run a credit check when I apply?

When you apply for the Owner’s Rewards Card by M1, a soft credit report is pulled to determine if you’re eligible. Soft credit report checks do not affect your credit score.

If you’re provisionally approved and accept your offer, a hard credit inquiry through Experian will be run. This hard check can affect your credit score.

Will my Owner’s Rewards Card by M1 account be reported to any credit bureaus?

Yes, your Owner’s Rewards Card by M1 account will be reported to TransUnion, Experian, and Equifax.

A report of your account will be sent to TransUnion, Experian, and Equifax monthly.

For more information about credit checks, please reach out to the Owner’s Rewards Card by M1 team at (833) 978-3351.

They are available Monday-Friday from 8 am-8 pm CT and Saturday from 9 am-2 pm CT.

How do I apply for the Owner's Rewards Card by M1?

To be eligible to apply for the Owner’s Rewards Card by M1, you must:

  1. Have an active M1 Invest Account.
  2. Have an address located in one of the 50 US states. US territories are not supported at this time.

If you meet the application eligibility, follow these steps to apply:

  1. Navigate to the “Spend” tab
  2. Select “Apply now”
  3. Follow the prompts

Some of your personal information will be pre-filled using your current account information.

If this information is incorrect, please select “Update Profile Information” to make sure your profile is updated before you continue with the application.

If you’re provisionally approved  

You can read the terms of the offer and accept or decline.  

If you were denied  

You can apply again at a later date which will be displayed on-screen.  

If you aren’t provisionally approved  

Please follow prompts to submit additional documents needed to complete the application process. Your application will remain pending until a decision is made.   

The manual review process typically takes two business days but can take up to 30 days.  

To check on the status of your application at any time, go back to the “Spend” tab.

  

For questions on the status of your application, please reach out to the Owner's Rewards Card by M1 Team at (833) 978-3351. They are available Monday-Friday between 8 am-8 pm CT and Saturday between 9 am-2 pm CT. 

Why was my application rejected?

There are a number of reasons why applications are rejected. If you’re rejected, the rejection reason will be sent directly to the email you have on file with M1.

Look for an email from: creditcard@m1.com

 

How do I activate my Owner's Rewards Card by M1?

To active your Owner's Rewards Card by M1:

  1. Navigate to the “Spend” tab
  2. Select “Manage Card”
  3. Select “Activate Card”
  4. Enter the last four digits of your new card number.

OR

  1. Scan the QR code on your card’s packaging.
  2. Enter the last four digits of your new card number.

For any issues activating your card, please reach out to our Owner’s Rewards Card by M1 team at (833) 978-3351. They are available Monday-Friday 8am-8pm CT & Saturday 9am-2pm CT.

Is there a daily spending limit or a card swipe limit?

No, there are no daily spending limits with the Owner’s Rewards Card by M1 other than your credit limit.

 

Can I transfer an existing credit card balance to my Owner’s Rewards Card by M1?

No, balance transfers are not currently supported by the Owner’s Rewards Card by M1.

 

Credit Card not available for US Territory Residents. The Owner’s Rewards Card by M1 is Powered by Deserve and issued by Celtic Bank. Review Cardholder Agreement and Rewards Terms for important information about the Owner’s Rewards Card by M1.

 

 

20240306-3432410-10897344

M1 disclosures here.

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