Last Updated: 07/28/2025
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Highlights
Purchase APR (Variable APR)
20.24% - 30.24%(Verified 06/21/2024)
Balance Transfer APR (Variable APR)
N/A(Verified 08/02/2023)
Credit Score Range
670 - 850
Annual Fee
$0 - $125
Owners Rewards Card By M1 Review
This is a cashback credit card issued by M1 Finance. If you're wondering whether Owners Rewards Card By M1 is the right card for you, read on.
Key Takeaways
- APR: This is not a great card for people who carry a balance. It has a variable regular purchase APR that ranges from 20.24% up to 30.24%.
- Cash rewards. This credit card offers cash rewards on your purchases, but you will have to pay an annual fee of up to $125 for the privilege.
- No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
- Fair or better credit required. You will have good approval odds if you have a fair credit score or better.
Pros & Cons of Owners Rewards Card By M1
| The Good | The Bad |
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Owners Rewards Card By M1 FAQ
Does Owners Rewards Card By M1 have a cash back or rewards program?
This is a cashback card. This means you earn a percentage of your purchases as cash back rewards.
| Description |
Does Owners Rewards Card By M1 have a signup bonus?
This card doesn't offer a cash signup bonus.Does Owners Rewards Card By M1 offer an annual loyalty bonus?
This card doesn't offer a cash loyalty bonus.What are the Owners Rewards Card By M1 benefits?
Owners Rewards Card By M1 provides the following benefits:
- Zero fraud liability
- Reports to major credit bureaus
What are the relevant APRs for Owners Rewards Card By M1?
According to the Federal Reserve Board, the average regular APR for accounts that carry a balance (as of November 2024) is 22.80%. This card has lower than average regular APRs.Owners Rewards Card By M1 has a variable purchase APR that ranges from 20.24% up to 30.24%. Owners Rewards Card By M1 does not offer balance transfers.
The good news is this card does not charge a penalty APR if you are late on a payment.
Does Owners Rewards Card By M1 have an intro APR offer on balance transfers?
No, it does not come with an intro APR offer for balance transfers. Owners Rewards Card By M1 does not offer balance transfers.Does Owners Rewards Card By M1 have an intro APR offer on new purchases?
This card does not offer an intro APR rate on new purchases.What are the fees for Owners Rewards Card By M1?
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Returned Payment Fee | $37 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Foreign Currency Transaction Fee | Starting at 0% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Annual Fee | $0 - $125 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| No Foreign Transaction Fee? | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Late Fee Amount | $25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
This card charges an annual fee ranging from $0 up to $125.
There is a late fee of up to $25 . Does Owners Rewards Card By M1 have a foreign transaction fee?
This card does not charge foreign transaction fees. If you are a frequent traveler, avoiding foreign transaction fees can save you hundreds of dollars in fees when you travel out of the country.What is the support contact email for Owners Rewards Card By M1?
The support contact email for Owners Rewards Card By M1 is support@m1finance.com.
How do people rate the customer service and user experience of Owners Rewards Card By M1?
We currently don't have sufficient reviews to provide a reliable SuperMoney community rating for this product.
Does Owners Rewards Card By M1 report your account activity to credit bureaus?
Yes, Owners Rewards Card By M1 reports to the following credit bureaus:
- Equifax
- Experian
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does M1 Finance perform a hard credit pull?
Yes, Owners Rewards Card By M1 performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
How to apply for Owners Rewards Card By M1
- Visit the website of Owners Rewards Card By M1.
- Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
- Check the information is accurate and submit your application.
If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Contact
Headquarters
200 N La Salle St
Suite 301
Chicago, IL 60601
Hours of Operation
Sunday
All Day
Monday
All Day
Tuesday
All Day
Wednesday
All Day
Thursday
All Day
Friday
All Day
Saturday
All Day
Other Services by M1 Finance
Savings Accounts
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Learn MoreSuperMoney Net Recommendation Score
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Owners Rewards Card By M1 Community Reviews
Would you recommend Owners Rewards Card By M1 to your friends?
TK
Theodore K.
Mar 14, 2024
May or may not recommend
I was on M1 and saw this cashback card. My credit's pretty good so I decided to give it a shot. But I wish I'd read the fine print more. The interest rate's high and I need to pay $125 a year to get the cashback rewards. Plus there's late fees and returned payment fees. Too bad I didn't know about Supermoney before I got this card; I could've found ...Show More
SZ
Samia Z.
Nov 28, 2023
May or may not recommend
This rewards card by M1 has its fair share of ups and downs. To me, the first three months with no annual fee and identity theft protection are great perks. Plus, no foreign transaction fees is a win for travelers I must say. But, beware of the higher-than-average APRs and an annual fee that could be up to $125. In a nutshell, it's a unique card, and though reviews are ...Show More
JJ
Justin J.
Nov 16, 2023
May or may not recommend
The Owners Rewards Card by M1 is like a financial sidekick that brings perks and investment options to the table. It plays nice with the M1 platform, making it a breeze to earn rewards while handling your money. I love how it keeps things straightforward and user-friendly—a great pick for anyone after an all-in-one financial buddy.
Showing 3 of 3 reviews
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