X1 Credit Card

Review of X1 Credit Card

The X1 Credit Card is a rewards credit card that has no annual fee, making it a very popular choice for younger credit card consumers.

With its sleek design, this smart credit card is aimed at tech-savvy users who enjoy modern financial products. It offers great rewards for everyday spending.

Some of its benefits include higher credit limits, no annual fee, and rewards that are up to five times higher than other rewards cards.

> Jump right to the benefits and rewards

According to X1, the average credit limit is $24,300 per cardholder.

Made from 17g of stainless steel, the X1 Credit Card was launched more than a year ago and is backed by techs like Max Levchin, PayPal co-founder.

The card had an initial waiting list of 350,000 users and is now available to all U.S. customers and offers best-in-class benefits.

Benefits of the X1 Card

What exactly makes the X1 Credit Card a smart card? The technology gives cardholders the ability to cancel payments for subscriptions in a single click.

Cardholders can also use virtual credit card numbers that auto-expire to end free trials automatically.

Some other impressive benefits include the fact that it’s part of the Visa Signature network, which means that cardholders can use their cards are more than 46 million merchants worldwide.

X1 Credit Card Income Requirements

The card issuer doesn’t solely look at an applicant’s credit score.

Rather, they look at the applicant’s current as well as future potential income to set card cards and determine credit card limits.

X1 Credit Card Fees

There is no annual fee for the X1 credit card, no foreign transaction fees, and no late fees. This means international travelers can use their X1 cards anywhere Visa is accepted, without additional costs.

The card has a variable APR of 15.25% – 27.50% and has a very low balance transfer fee of 2% (most other credit cards charge around 5%).

There is no introductory 0% APR period on new purchases or balance transfers.

X1 Card Rewards

The X1 card has impressive rewards, including:

• 2x points for every $1 spent
• If you spend $1,000 in a month you get 3x points
• If you refer a friend you can get up to 10x rewards points

You can redeem your rewards points from approved partners that include a variety of travel and tech brands such as Airbnb, Wayfair, Apple, Nike, and more.

There is also a range of travel brands where you can redeem your points, including airlines like American, Southwest, United, and Delta.

How to Apply for the X1 Credit Card

You can apply online for the X1 card in a few easy steps.

Checking if you qualify only requires a soft credit inquiry. Once approved, it will lead to a hard credit pull.

Summary

A new wave of young cardholders has exciting options, and the X1 Card is one among them.

The card appeals to individuals looking for something different because of its clever technology, contemporary appearance, robust rewards program, and promise of a greater credit limit.

The card is also a reasonably priced option. It has zero fees, moderate interest rates, and a comparatively small balance transfer cost.

The X1’s rewards redemption process has several limitations, and some people might choose a credit card with more flexible redemption options.

For instance, cardholders of the Wells Fargo Active Cash® Card, which has no annual fee, can receive an unlimited 2% cash reward on purchases, which they can then apply as a statement credit to their credit card debt.