Can you use X1 credit card anywhere?
What are the cons of the X1 card
X1 Card cons
You can only redeem with merchant partners: Although there are 40-plus retail partners, you are only eligible to redeem your points with those specific companies, other than redeeming points as a statement credit. This is somewhat restrictive, and partners can change without notice.
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What is special about the X1 card
The X1 Card stands out among cards in its class as a low-cost option that has no annual fee, no foreign transaction fees and no late fees. Unlike with other cards, you won't get dinged with a penalty annual percentage rate, or APR, when you pay late, either — but it's still important to pay on time.
Is X1 a credit card or charge card
What Is the X1 Credit Card The X1 Credit Card is a rewards credit card with no annual fee. Eligible regular purchases earn 2 points per $1 spent, with no caps on how much you can earn.
What income do you need for X1 card
Simultaneously, there are individuals that report not being approved or having a relatively low limit. This is despite having a high annual income of $90,000 or more. However, a general consensus is to apply when your score is above 670 and you earn a stable income.
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What is the average limit on X1 card
$24,300
X1 Credit Card Overview
Another main draw to the card is the high credit limit coupled with a competitive interest rate. CNET reported that, according to X1, the average credit limit is $24,300. The card's interest rates range from 15.25% to 27.50% variable APR.
Does X1 card help build credit
You can get approved even with a lower credit score
The X1 Card has the potential to help cardholders boost their credit score, in large part because approval is based more on income than on credit.
How does the X1 card work
The card earns 3% cash back on all Apple purchases, from electronics to iTunes and with select merchants. It also earns 2% cash back on all purchases made with your Apple Card through Apple Pay on your mobile wallet or Apple Watch. All other spending earns 1%.
What is the spending limit on X1 card
Review of X1 Credit Card
Some of its benefits include higher credit limits, no annual fee, and rewards that are up to five times higher than other rewards cards. According to X1, the average credit limit is $24,300 per cardholder.
How many people have the X1 card
X1 connects to users' bank accounts through Plaid's API to gather data on their income patterns, which is why it's able to underwrite customers without needing a credit score. X1's waitlist has 500,000 people on it, according to Rao.