If you’re an M1 Owner’s Rewards Cardholder, you’ll want to know about this unique winter sweepstakes because you may end up being a lucky winner. M1 Finance will be reimbursing some cardholder transactions up to $5,000 through December. By using your card to make purchases throughout the sweepstakes, you’ll be entered to win.
M1 Finance, a financial services company and robo-advisory investment platform, launched its first credit card earlier this year. Their rewards card is a bit different from other cash back cards.
Instead of only rewarding based on how you use your card, this credit card rewards consumers who invest in and buy from select brands. The Owner’s Rewards Card by M1 offers cash back rewards to cardholders who make purchases with companies they invest in.
Cash back earnings vary by brand, but you can earn up to 10% back. Cardholders can withdraw the earnings, or they can choose to reinvest their rewards automatically. The card is free to M1 Plus members, which is the company’s premium membership program. This membership costs $125 per year.
The company is running a winter sweepstakes, and every cardholder can participate. All you have to do is use your card as you usually would. M1 Finance will reimburse randomly selected transactions in the form of a statement credit. More people are shopping for holiday gifts and other essentials at this time of year, so this contest could be an excellent way for lucky winners to save some money.
Here are the details of the winter sweepstakes
If you want to participate in this promotion, here’s what you need to know: The contest runs from Nov. 22, 2021, through Dec. 31, 2021. Every time you swipe your Owner’s Rewards Card by M1, you will be entered into the sweepstakes. Fifty random winners will be selected each day of the contest. You can win up to one time each day.
M1 will reimburse purchases up to $5,000, and they will select transactions at random. After a transaction is selected, the cardholder will receive reimbursement in the form of a statement credit. Since transactions are chosen randomly, a winner could have anything from their grocery purchase, takeout coffee order, lunch, or a brand new electronic reimbursed.
Participating in this promotion is easy. You can learn more about the winter sweepstakes on M1’s website.
Helpful tips to save on holiday spending
Whether you’re an Owner’s Rewards Card by M1 cardholder or not, credit cards make for an easy way to pay for purchases both online and offline. You may be charging your rewards credit cards more this holiday season. Most people spend more money during the holiday months. If you’re still filling up your cart, these tips may help you save on holiday spending:
- Stick to a budget. Set a budget and stick to it. Otherwise, you may accumulate credit card debt, which can get expensive quickly. It can be tempting to overspend on gifts if you’re not careful, but a budget can help you stay on track.
- Review sales flyers. Many stores have sales at this time of year. You could save a significant amount of money by purchasing gifts and other items that are on sale.
- Don’t forget to use promo codes and coupons. You may be able to lessen your spending with promotional codes and coupons. All you need to do is enter these codes before checking out. You can usually find these codes quickly online.
- Remember, it’s the thought that counts. Don’t focus on the number of gifts or the dollar amount. Your friends and family will appreciate your thoughtfulness no matter what you choose to give.
If you’re not earning rewards on your credit card spending, you’re missing out. With the right card, you can earn cash back or other valuable rewards. If you’re in the market for a new credit card, take a look at our list of the best credit cards.