How long does the X1 invite last?
How long is the X1 credit card waitlist
Marketed as a “smart card,” the X1+ Card features all that the original X1 Card offers, plus additional perks, protections and rewards. The waitlist opens Jan. 26, 2023, and the card will be available to consumers this spring.
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Is it hard to get an X1 card
The Credit Score Needed for the X1 Card
The X1 Card terms and conditions don't mention a minimum credit score to apply (like every credit card). That said, it's still best to apply with a score of 670 or higher, a clean credit history, and minimal hard credit inquiries from the past 24 months.
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What income do you need for X1 card
There is no disclosed X1 Credit Card income requirement. When it comes to income, the only thing that will be taken into account is whether you will be able to afford paying your new line of credit or not. Having said that, it is also worth noting that the card only accepts applicants with excellent credit.
What is the limit on X1
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.
Which credit bureau does X1 pull from
What credit bureau does X1 card use Users report a hard pull from Experian upon approval and reporting to Experian and Transunion. The card should start to report to all three bureaus once they have enough cardholders to do so.
What bank owns X1 credit card
The X1 Card is getting a sibling — the X1+ — which will feature unique travel rewards and perks for an annual fee of $75. Like the original X1, the X1+ will be a metal credit card issued by Coastal Community Bank, with an underwriting process that places a good amount of weight on income to determine eligibility.
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.
Is X1 card a soft pull
Be aware that although X1 does a soft pull when you apply, if you're approved for the card, when you accept your terms the company will report the newly created account to the credit bureaus, a process similar to how the Apple Card and many Buy Now, Pay Later companies underwrite.
How much does X1 card cost
Here are just a few of the things I enjoy about the X1 Card: No annual fee. This is a huge plus for me, as I don't like paying annual fees for credit cards. High rewards rate. The X1 Card earns 2 points per dollar on all purchases, and 3 points per dollar on the first $6,500 you spend each month.
Does X1 card affect credit score
The $0-annual-fee X1 Card is a rewards-earning credit card that lowers many of the traditional barriers to credit access. It's possible to find out whether you're approved with no impact on your credit scores, and those with less-than-ideal credit histories may still qualify.
Which credit bureau does X1 card pull from
What credit bureau does X1 card use Users report a hard pull from Experian upon approval and reporting to Experian and Transunion. The card should start to report to all three bureaus once they have enough cardholders to do so.
Does X1 credit card affect credit score
It's worth noting that applying for the X1 Credit Card will not impact your credit score.
Which credit score matters more TransUnion or Equifax
No credit score from any one of the credit bureaus is more valuable or more accurate than another. It's possible that a lender may gravitate toward one score over another, but that doesn't necessarily mean that score is better.
What is the cash advance limit for X1
Your Account is subject to a Cash Advance limit of $500 ("Cash Advance Limit"). This means we will not honor Cash Advance transactions that would cause the total amount of outstanding and unpaid Cash Advances to exceed $500.
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.
Is there an annual fee for the X1 credit card
X1 Card basics
Annual fee: $0. Welcome bonus: None. Rewards: 2 points per dollar on up to $1,000 in purchases each month, 3 points per dollar on the next $6,500 in purchases in that month, then 2 points per dollar on any spending over $7,500. Regular APR: 17.99% to 29.99% variable.
How does X1 card determine credit limit
According to X1, credit limits are up to five times higher than the industry average, with the average X1 credit limit coming in at $24,300, as reported by CNET. The limit cardholders are provided is based on current and future income and will automatically increase as the lender sees fit.
Which credit bureau does X1 check
What credit bureau does X1 card use Users report a hard pull from Experian upon approval and reporting to Experian and Transunion.
Will a 650 credit score get me a credit card
A 650 credit score is considered “fair” credit, which means you should be able to get a credit card or loan, but a little bit of credit improvement will give you many more options and help you save a lot more money.
Do banks look at TransUnion or Equifax
When you are applying for a mortgage to buy a home, lenders will typically look at all of your credit history reports from the three major credit bureaus – Experian, Equifax, and TransUnion. In most cases, mortgage lenders will look at your FICO score. There are different FICO scoring models.