The Owner’s Rewards Card by M1
REINVEST YOUR CASH BACK
CONTACTLESS METAL CARD
FREE WITH M1 PLUS
MORE OF YOUR MONEY IN ONE PLACE
SECURE
I've an account here, it's an interesting first look at a robo-advisor brokerage for me.
The "M1 Plus" option is required for this card and can be had for a year for no cost - I have been testing this (M1 Plus) since January and it's value does get a nice boost with this card.
I'd basically considered the "M1 Plus" annual fee ($125) decent enough value prior to the Visa Sig unveiling due to the "Spend" features -- the possibility of getting this credit card does sweeten the pot.
The Visa Signature benefits suite isn't published yet AFAIK, but hoping it's not too bare bones since they value the card annual fee at $95.
Here's to hoping my VTI ETF will pass along perks for all its holdings! 
Content of the linked page above is below. There are a variety of sites which offer additional information.
EARN UP TO 10% CASH BACK
Shop with certain brands you believe in and invest in with M1 to earn cash back. Get 10%, 5% or 2.5% cash back on purchases with some of the most popular brands—and 1.5% standard cash back on everything else.
Using M1 automation, you can reinvest your rewards in your portfolio for continued growth. That’s the long-term mindset at work.
Shop any way you like: show off your sleek metal card or pay with tap-to-pay, Apple Pay and Google Pay for a contactless shopping experience.
The Owner’s Rewards Card by M1 is just one of the many perks that come with a Plus membership. The first year of Plus is free, and it’s just $125 per year after that.
Going all-in-one with M1 helps make the big picture clear. And with a credit card in the mix, the connections between your M1 accounts get stronger.
Manage and freeze your card easily from your M1 account. Plus, with Visa Signature® benefits you get added benefits like Visa® Zero Liability.
Authorized User - 
Sock Drawer'd - 
Today I got a message about the brands that will make up the rewards at the card debut.
10% CASH BACK
ticker brand ------ ----------------- ADBE Adobe AMC AMC Theaters CHWY Chewy DBX DropBox GME GameStop BBWI Bath & Body Works VSCO Victoria's Secret LULU Lulu Lemon NFLX Netflix PRPL Purple PTON Peloton SFIX Stitch Fix SPOT Spotify TSLA Tesla ULTA Ulta W Wayfair
5% CASH BACK
ticker brand ------ ----------------- AAL American Airlines CMG Chipotle DAL Delta DG Dollar General DPZ Dominos ETSY Etsy ETSY Reverb FDX FedEx JBLU Jetblue LUV Southwest NKE Converse NKE Nike SBUX Starbucks TJX Homegoods TJX Homesense TJX Marshalls TJX Sierra TJX TJ Maxx UAL United Airlines UPS UPS
2.5% CASH BACK
ticker brand ------ ----------------- AAPL Apple ABNB Airbnb AMZN Amazon AMZN Audible AMZN Twitch AMZN Whole Foods AMZN Zappos BBY Best Buy CMCSA Comcast COST Costco DASH Caviar DASH Doordash EBAY Ebay HD Home Depot LOW Lowe's LYFT Lyft MCD Mcdonald's QSR Burger King QSR Popeyes QSR Tim Horton's T AT&T T DirecTV T HBO TGT Target TMUS Sprint TMUS T Mobile UBER Postmates UBER Uber UBER Uber Eats VZ Verizon WBA Duane Reade WBA Walgreens WMT Bonobos WMT Moosejaw WMT Sam's Club WMT Walmart YUM KFC YUM Pizza hut YUM Taco Bell
1.5% CASH BACK EVERYWHERE ELSE
-IBKR charges 1.6% margin loans which is lower than 2% M1 advertised. In addition you aren't restricted to a "portfolio" allocation with IBKR. You can buy stocks and options whenever you like including setting profit targets. M1 the market tanks and you go down with the ship.
Personally I have no interest in borrowing at M1 or the debit card 1% cash back. I do like the 1% Checking APY since my other traditional high yield deposit accounts APY are mostly worthless.
InteractiveBrokers and M1 are quite different and options trading at M1 isn't possible.
-Crypto.com has up to 8% rewards on debit card purchases. Their cards will outright pay for Spotify, Netflix and Amazon Prime membership. M1 is offering 10% back on Spotify and Netflix along with 2.5% back on Amazon. The Amazon credit cards themselves offer 5% cash back. Crypto.com does require you to stake. Coinbase does not and provides 4% XLM rewards will soon lend USDC at 4% compared to the 1% APY of this product.
I'm slow to embrace crypto and not interested in a debit card for anything other than getting cash.
..in any event, up to 8% with substantial crypto ownership and (up to) 4% with coinbase doesn't seem to be defined yet.
Spotify and Netflix are somewhat trivial subscriptions for me and there is a lot of competition among credit cards, etc for streaming discounts. However, I can see nice value in Chewy, Victoria's Secret, Ulta and others for 10% back and assorted 5% & 2.5% brands.
I don't use amazon directly for much other than product & price research. The amazon card 5% cash back is tied to an amazon prime membership and the 3% cash back is basically a limited subset of amazon spend.
-Chase travel portal has 5% cash back on purchasing AA or Jet Blue flights. However if you have a CSP you can take that amount as points which you could redeem at 2.0ccp so effectively you get 10% back from the Chase Travel Portal. M1 is 5% cash back on American, Delta, United, Southwest, Jet Blue only while you can get that from any airline with Chase.
Like the current amazon visa, chase cards can be a hassle to obtain for some people.
Having an option for 5% (possibly unlimited, have to wait and see how the terms/conditions finalize) cash back on 5 airlines ain't bad..
It will be interesting once this card is born. I do like the apparent certainty of the CB potential (not broad categories) and will be interested if product/service transactions are free from point of sale factors, etc.
They mention that the base 1.5% doesn't stack if something qualifies for the higher %.. but not clear about other stacking yet AFAIK.
EG: buy nike shoes from amazon = 7.5%? or nike from TJX = 10%
.. or POS factors like nike from a local shoe store = 5% or 1.5%
Maybe there is some sort of deal with those companies/brands on all % tiers and M1.
If so, then it'd be realistic to expect tier populations to be stable for some duration of time.
Perhaps I've missed the other 10% cash back cards out there, but my first thought is that offering 10% cashback was made possible by narrow focus like this 'owner' requirement marketing.
I get the idea this card isn't trying to be a competitor in the travel card arena.
What travel perks [if any] it will have are yet to be fully known. A little additional info has slowly made it into the help area of the website.
Perks FAQ says "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)" -- which doesn't seem settled (along with FTF) yet to me.
Also, "Not available for US territory residents" is confusing to me. Would that restriction convey other traits(or lack of)?
I just got notice from M1 that the card waiting list is going to go live soon so I figured I'd fish around for some DP on Celtic Bank..
Turned up some subprime cards like Surge, Reflex, Indigo and Affirm loans.
Sadly I expect the likes of Celtic Bank / Continental Finance and powered by Deserve would be more hassle and regret than I'm looking for and don't want to taint my credit with a relationship with this issuer / card.
Here's a few links within the forum(s):
The "Which Banks Pull Which Report For Apps" list
Continental finance reflex mastercard removal of late payments
Deserve Pro Mastercard is the WORST card out there
Newly Released Wine Enthusiasts Card...
FWIW, once they deliver formal application, terms and such I'll drop that info in here.
