How many people have the X1 card?
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 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.
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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.
Who owns the X1 credit card
Deepak Rao
Redeeming Rewards
Rewards are worth 1 cent per point at select merchants, and can also be redeemed for instant cash back, according to X1 Card Co-founder and CEO Deepak Rao.
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How long is 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.
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 a 15k credit card limit good
Yes, a $15,000 credit limit is good, as it is above the national average. The average credit card limit overall is around $13,000, and people who have higher limits than that typically have good to excellent credit, a high income and little to no existing debt.
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.
What bank issues the X1 credit card
The Card is issued by Coastal Community Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Coastal Community Bank is the creditor and Card issuer.
What bank issues the X1 card
Coastal Community Bank
The Card is issued by Coastal Community Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Coastal Community Bank is the creditor and Card issuer.
How long is X1 invitation good for
4. The referral bonus isn't taxable, like most others. Only some credit cards offer a referral bonus, and X1 is one of them. You can invite as many friends as you want, and if they get the card, you both can earn 4x, 5x or even 10x points on all of your purchases for up to 30 days.
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.
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.
What is the credit limit for 50000 salary
What will be my credit limit for a salary of ₹50,000 Typically, your credit limit is 2 or 3 times of your current salary. So, if your salary is ₹50,000, you can expect your credit limit to be anywhere between ₹1 lakh and ₹1.5 lakh.
What credit limit can I get with a 750 credit score
The credit limit you can get with a 750 credit score is likely in the $1,000-$15,000 range, but a higher limit is possible. The reason for the big range is that credit limits aren't solely determined by your credit score.
How much is an X1 point worth
0.7 cents each
The points you earn with the X1 or X1+ Card are worth 0.7 cents each for cash back and one cent each as a statement credit for purchases with over 50 brands, including Airbnb, Apple, Best Buy, Amazon, Etsy and many more. X1+ cardholders have additional redemption options that include: Four Seasons Hotels and Resorts.
How much is the X1 card worth for cash back
roughly 0.7 cent each
X1 points can be worth up to 1 cent each if you redeem them for purchases made at designated retailers. For cash back, points are worth roughly 0.7 cent each.
Who backs the 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.
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.