Out of Debt: Make Credit work for you

By Reagan Bonlie
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Debt can be a heavy burden, but when used wisely, credit can be a powerful tool to enhance your financial journey. In this blog post, we’ll explore how you can harness the benefits of a cash back credit card to your advantage while staying debt-free. By making credit work for you, you’ll not only enjoy cash rewards but also pave the way towards a brighter financial future.

  1. Understanding the Power of Cash Back Credit Cards:

Cash back credit cards are a popular option among financially savvy individuals who want to make the most of their everyday spending. The concept is simple yet rewarding: you earn a percentage of your purchases back in cash, turning your expenses into tangible benefits.

  1. Paying off Your Card in Full Every Month:

The key to maximizing the benefits of a cash back credit card is to treat it like a charge card rather than a credit card. Charge cards require you to pay off the balance in full each month, ensuring you avoid any interest charges. By doing so, you’ll reap the rewards without falling into the trap of debt accumulation.

  1. Leveraging Cash Back Rewards:

Cash back rewards can be an excellent way to put money back into your pocket. Whether you use the cash to supplement your savings, invest, or pay off other expenses, these rewards contribute to your financial well-being.

Some cash back credit cards offer higher rewards in specific spending categories, such as groceries, gas, or dining. Leveraging these bonuses can amplify your cash back earnings, providing even more value from your everyday purchases.

  1. Integrating Your Card with Your Portfolio:

Imagine a credit card that not only rewards your spending but also aligns with your long-term financial goals. With M1’s cash back credit card, you can experience this unique benefit. By integrating your card with your M1 investment portfolio, you can earn up to 10% cash back on purchases, directing those rewards towards your financial growth.

  1. A Path Towards Wealth Building:

By approaching your credit card spending like an owner, you’ll develop a mindset focused on responsible financial management. Embrace the philosophy of earning rewards while maintaining a debt-free lifestyle. Over time, the cash back you accumulate can play a crucial role in building your wealth and achieving your financial aspirations.


Navigating the realm of credit cards requires a strategic approach, but when used responsibly, cash back credit cards can be a valuable asset. By paying off your card in full each month and taking advantage of cash back rewards, you can make credit work for you without accumulating debt.

We can’t recommend enough the M1’s cash back credit card – the only card that rewards you for thinking like an owner and integrates with your portfolio to help you grow your wealth. Harness the power of cash back rewards and align your financial actions with your long-term goals, paving the way towards a debt-free and prosperous journey.