What is special about the X1 card?
What are the benefits of the X1 card
X1+ Card details2X points per $1.3X points every time you spend $1,000 in a month.4X points at Expedia, Hotels.com and VRBO.4X, 5X and even 10X points per $1 for up to a month when you successfully refer someone to the card.Up to 10X points when cardholders shop through the X1 app.
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.
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.
Is the X1 card better than the Sapphire Preferred
The X1 Card is an excellent alternative to the Chase Sapphire Preferred when you have less-than-perfect credit. For instance, the Sapphire Preferred requires a good or excellent credit score above 670, but the X1 uses alternative data such as your income, making it easier to qualify for.
How much does X1 card cost
$0-
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.
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 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.
Does X1 do a hard credit check
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 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.
Who is X1 card competitor
A metal credit card based on your income, not credit score
The best alternatives to X1 Card are Apple, Uber, and Petal. If these 3 options don't work for you, we've listed over 10 alternatives below. What do you think of X1 Card
Who is behind the X1 card
Created by Twitter alums Deepak Rao and Siddharth Batra, and supported by PayPal co-founder Max Levchin and Instagram's former head of product, Kevin Weil, the X1 card targets younger consumers who want a tech-savvy, elegantly designed stainless steel card.
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.
Does the X1 card do a hard pull
How does the X1 card work Visit the X1 website and “order” your card. There will be no hard pull to your credit until after you are approved. Upon approval, you can receive 2+ points on all spending, and refer up to three friends.
Does the X1 credit card do a hard 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.
Is there an annual fee for the X1 credit card
$0-annual
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.
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.
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.
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.
Does X1 verify income
Income is generally a key factor in determining whether you qualify for most credit cards, but not all issuers require proof. To be considered for the X1 Card, you'll have to provide proof of income by linking a bank account through the option offered by X1.
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%.