M1 Finance unveils Owner’s Rewards Card by M1
By Pavithra R
Chicago based M1 Finance, the Finance Super App that offers automated investing, borrowing and banking products, has announced the launch of Owner’s Rewards Card by M1.
Aligning with M1’s vision for a single integrated money management tool, the Owner’s Rewards Card by M1 brings all elements of a card holder’s finances together in a single place, while helping those cardholders grow and maximize their wealth with everyday transactions.
“We started M1 as a free investment platform, but our vision from day one was to give clients a single, integrated platform for all of their financial needs. With the launch of the Owner’s Rewards Card by M1, we’re further connecting that whole system, from M1 Invest to M1 Borrow to M1 Spend, and empowering people to make the decisions to put them on the path to financial wellness,” said Brian Barnes, founder and CEO of M1 Finance.
The Owner’s Rewards Card by M1 gives M1 Plus clients greater control and simplicity in their financial well-being, with the following benefits:
- Owner’s Rewards: The Owner’s Rewards Card by M1 is a credit card where M1 Plus clients can earn up to 10% cash back when they shop at select companies whose stock they own. Eligible companies include Amazon, Netflix, Starbucks, Spotify, Nike, Target, AMC, Tesla, Delta, and DoorDash. Additionally, cardholders receive 1.5% cash back on all other purchases.
- Convenience: Card holders’ cash back can be automatically invested into their portfolio, allowing them to maximize rewards and grow their wealth with everyday transactions. They can also automatically pay their balance from their M1 Spend checking account, enabling seamless, connected experience across the M1 platform.
“M1 is incredibly fortunate to have investors and partners who’ve seen and believe in our long-term vision to digitize the private money management experience. Their support enables us to invest in the right talent to build the next phases of our product, and today, the team’s hard work is coming to fruition in the form of industry-changing innovation that reimagines what a credit card is supposed to be,” added Barnes.
Founded in 2015, M1 is a FinTech company determined to reinvent personal finance. The company is a member of FINRA/SIPC m1.finance/legal.
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December 02, 2022