M1 Finance is a brokerage app that offers customizable portfolio pies, lines of credit, high interest checking accounts, and now Visa credit cards. Just recently, M1 Finance announced that their new credit card will offer 10% cash back. This is the first credit card to do so. American Express offers up to 6% cash back. Citi Bank, Chase, Fulton Bank, and Discover offer up to 5% on their cash back cards.
Exclusively with M1 Plus, Stock Owners are eligible for three cash back categories while everything else earns 1.5% cash back. The three cash back categories for stock owners include 10%, 5%, and 2.5% cash back as long as you own shares in eligible companies through your individual brokerage account or Roth IRA. This is also a new and innovative feature to the world of credit cards. Custodial accounts are not eligible for this program.
Interested? Join M1 Plus with M1 Finance Here and get your first year free, then pay a $125 annual fee after. You will also get $50 for free when you open and fund your account through my link. M1 Plus gets you a 1% interest checking account with 1% cash back debit card, a low interest portfolio line of credit, and up to 10% cash back on their new investor credit card. You can also read my review M1 Finance The Innovative Broker or search for my other posts where I compare M1 Finance to Betterment, Wealthfront, and other brokerages.
Eligible Companies
M1 Finance generously offers cash back in companies where people commonly shop. Almost everyone has Netflix these days and many women shop at Victoria’s Secret. Now you can get 10% cash back at these companies. Having 5% cash back on Chipotle and Starbucks is a big deal for many people who visit these places daily. Even the 2.5% cash back companies are great. See the full list below.
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