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In this video we look at the new M1 Owners Reward’s credit card that earns up to 10% cash back on spending at companies that cardholders own the stock of.
Credit Shifu Wallets:
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Track: Halcyon & Valentina Franco – Runaway (Heuse Remix) [NCS Release]
Music provided by NoCopyrightSounds.
Watch: youtu.be/5bj44xI2oWw
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48 comments
First ahhhhhhhh
1st!
Second!
This card isn’t that great basically.
Great first try M1 Finance
I only invest in ETFs and Mutual Funds so this card isn't good for me.
7th
An annual fee with no signup bonus, eh I'll pass
Honestly there are way better options then the credit card and the last thing I would want to see is someone invest in a company that they don’t believe in for some extra cash back. Great video!
Did Nike (Nii-kee) change the pronunciation to "niik"? I've heard a few people start pronouncing the Greek Goddess of Victory's name as one syllable instead of two. Weird.
In Greek, an E at the end of a word is never silent (for example, Aphrodite, pronounced Af-ro-dii-tee). Silent E's are an English thing.
M1+ isnt worth the $125 so neither is the card. Amazon Prime is worth it as is, making its card just a free really good bonus.
You can't "panic sell" on M1. Stocks only trade once a morning and you can only invest in pies. This card isn't promoting people to buy hype stocks. It's convincing people to invest in the companies they actually use. That is extremely ethical considering the current climate where people just buy the next big short without even knowing anything about the company. M1 is trying to get people to be more educated about the companies they invest in and discourage/prevent people from day/swing trading.
SO nice to see that 🇺🇸 flag in the background. Always a nice, classy touch.
How many shares do you have to own? With the ability to own fractional shares can i buy .01 of a share to get 10% back?
A very interesting card, I won't lie, but most of these company's already have their own, better cards so I don't really see the point. Annual fee, and lack of sign on bonus aside.
I like the review. I’ll pass on the card.
for Tesla – if you supercharge a lot at their chargers its like 5% back on gas. Also swag and accessories on their website.
Very disappointing card. Charles Schwab Amex is way better.
As a great philosopher once said, ain't nobody got time for that 👎🏼
Sounded cool at first but I’ll pass
I'm an M1 customer and this offering is pretty lousy. It's especially lame considering how they're attempting to advertise it. Literally nothing special.
What’s with these tech companies and “investing” in companies with your smart phone recently? You’re not investing. You’re gambling. If you want to invest, put it into an index fund or real estate.
0 AF wouldve been a great card for netflix/starbucks, 10% on amazon even with the AF wouldve been a no brainer for many. But this is just a bad choice for anyone not buying 15+ netflix memberships and daily starbucks.
When is capital one gonna run a “Debtorship has its privileges” campaign
What is the M1 multiplier for Credit Shifu Wallets?
The bonus is worse than that. It is only 1.5% more than the base, so half of what you quoted.
The question is how much do you have to invest to get the cash back. If I invest like 0.0000001 share of Tesla do I still get the 5% cash back?
I might be wrong be I think deposit for a Tesla is like $100 dollars.
you kinda look like kyle stone if he spent his life researching credit cards instead of shooting films
Your video is great! On the other hand, this card sucks.
There's always companies with these brilliant ideas of being the one platform their customers use for everything. Except that's almost never a good thing for individuals. One company holding a personal monopoly over your stuff isn't good. It's not a smart idea to keep all your eggs in one basket. Diversification isn't just a thing that applies to stocks.
Let's not forget Target also has a 5% cash back credit card.
Yeah that part about 10% on netflix only struck me as off. Doesn't sound like a strong product unfortunately.
Booooo this card!
Most people think…. Investing in crypto is all about buying coins then leaving it to rise, 🙅 come on it takes much analysis to be a successful crypto trader……
Fake News lollll
If they expanded the companies a little in the future this card could be a great since like 95% of products on grocery store shelves are from like a dozen companies couldn't you use this as your grocery card and cancel out the annual fee?
I don't go to Starbucks frequently, but when I do, I use a Chase or Amex offer that is always at least 5%, usually 10 or 15, rarely 20, on top of normal earn rate.
Tesla deposit is only $100 max
I’m on the waitlist for it since I already have a membership with them since like two years ago! I don’t much but we’ll see how good it is. Hopefully it’s not a flop
It’s rubbish mate
Neat concept but devil is on the details. If it actually gave you 10% at all those companies that would be great, but 2.5% from Amazon? Chase Amazon or Citi Custom Cash could get you 5%, BoA Cash Rewards 3%, all without yearly fee.
Thank goodness I ignored the emails they send about early access. Thanks but no thanks
So 2.5% back at Amazon for people using over 8k in margin so m1 plus makes sense.
I was excited for all of 2 seconds until the inevitable reason they are able to give you 10% back became obvious… Oh man. If only.
Only other card I have is the Amazon Prime one, I'll use this one for the 1.5% everything else. I'm already an M1 plus member so I might as well
Ive seen the whole list. Chewy is in the 10%. Good for pet owners.
I have M1 finance and I totally understand the drawbacks of this credit card. However, if someone's trying to reach the goal of FIRE or just the beginning part of it financial Independence like me, then this credit card may make some sense.