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X1 Credit score Card Overview – Key Options, Bonuses, Professionals & Cons


New bank cards come and go on a regular basis, however it’s uncommon to return throughout a card that makes you sit up and take discover.

The X1 Credit score Card is a type of uncommon playing cards. Not as a result of it’s the most effective bank card ever created, however as a result of it pushes the envelope and does issues few (if any) different playing cards do. Like setting credit score limits based mostly on each present and anticipated future revenue, making it super-easy to create and use protected digital playing cards, and providing secondary playing cards with no age restrict in order that your youngsters can responsibly construct credit score from an early age.

As a result of the X1 Credit score Card is a little bit outdoors the field, you’ll need to perceive what units it aside — and what doesn’t — earlier than you apply. Right here’s what it’s worthwhile to know.

What Is the X1 Credit score Card?

The X1 Credit score Card is a rewards bank card with no annual payment. Eligible common purchases earn 2 factors per $1 spent, with no caps on how a lot you may earn. In the event you spend at the least $15,000 per yr, you may earn 3 factors per $1 spent on eligible common purchases as much as the primary $7,500 in month-to-month purchases.

The X1 Credit score Card has a strong cell app that gives simple transaction search, real-time transaction notifications, digital card technology, and a easy transaction dispute characteristic. It additionally has an progressive strategy to underwriting that considers each your present and future anticipated revenue, probably leading to the next credit score restrict than you’d get with a extra conventional bank card.

The X1 Credit score Card requires good credit score or higher, so it’s not best when you’re nonetheless establishing or rebuilding your credit score. Its rewards factors additionally don’t have the most effective redemption worth — they’re price as little as $0.007 when redeemed for money. Your whole return on spending might due to this fact be decrease with this card than with a journey bank card whose factors or miles are price $0.02 or extra at redemption.


How the X1 Credit score Card Stacks Up

The X1 Credit score Card isn’t your typical bank card, which makes apples-to-apples comparisons tough. 

Nonetheless, it has clear strengths and weaknesses which might be simple sufficient to check in opposition to different choices. See the way it stacks up in opposition to a extra conventional rewards bank card: the Chase Freedom Limitless Credit score Card.

X1 Credit score Card Chase Freedom Limitless Credit score Card
Credit score Restrict Probably very excessive — based mostly on present and future revenue, with dynamic will increase over time Typical for cash-back bank cards — based mostly on revenue, credit score rating, and different components
Credit score Required Good to glorious Good to glorious
Rewards 2x base factors on eligible purchases; 3x factors for your complete yr when you spend at the least $15,000 for the yr; alternatives to earn extra with Boosts As much as 5% money again on Chase Journey purchases and three% again on drugstore and restaurant purchases; 1.5% again on the whole lot else
Level Worth at Redemption $0.007 when redeemed for money; as much as $0.01 when redeemed with companions $0.01 when redeemed for money
Annual Charge $0 $0
Digital Playing cards Sure, one kind at no cost trials and one for one-time purchases Not provided by Chase


What Units the X1 Credit score Card Aside?

The X1 Credit score Card isn’t a typical bank card, so there’s lots that units it aside. These are the three most notable issues X1 does higher — or at the least otherwise — than the remaining.

  • Excessive, Dynamic Credit score Limits Based mostly on Present and Future Earnings. X1 advertises credit score limits as much as 5 occasions greater than conventional bank cards. The key: X1 makes use of each present and anticipated future revenue to set your credit score restrict, slightly than simply present revenue.
  • Totally different Forms of Digital Playing cards. X1 presents two several types of digital bank cards, one at no cost trials and one for one-time purchases. The free trial card expires after 24 hours; the one-time buy card can solely be used as soon as, interval.
  • Highly effective, Simple-to-Use App. The X1 app ups the sport for cell bank card apps. Advantages embody a super-simple transaction search characteristic, transaction disputes in just some faucets, and real-time transaction notifications (clutch if in case you have a number of approved customers).

Key Options of the X1 Credit score Card

The X1 Credit score Card has some acquainted options, comparable to a rewards program that earns factors on each buy. It additionally has some less-common attributes, comparable to a dynamic credit score restrict and a number of kinds of digital playing cards. See what you’ll get when you’re permitted.

Dynamic Credit score Restrict That Could Be Larger Than Different Playing cards

The X1 Credit score Card considers your present and future revenue when setting your credit score restrict, along with your credit score rating, debt-to-income ratio, and different components that have an effect on your threat as a borrower.

Utilizing your future revenue along with your present revenue may end up in the next credit score restrict — as much as 5 occasions what a standard bank card would possibly give you, in line with X1. 

That is good when you sometimes make large purchases and don’t need to throw your credit score utilization out of whack. Simply keep in mind that the X1 card doesn’t have a 0% curiosity promotion, so it’s worthwhile to repay your prices in full by the due date to keep away from curiosity prices.

Incomes Rewards Factors

The X1 Credit score Card’s baseline rewards price is 2 factors per $1 spent (2x factors) on all eligible purchases. 

In the event you spend at the least $15,000 in a calendar yr, you’ll earn 3 factors per $1 spent (3x factors) on all eligible purchases for the yr, no matter once you cross the $15,000 spend threshold. X1 caps the 3x tier at $7,500 in month-to-month purchases, so your earn price drops again to 2x in any month you exceed that stage of spend.

X1 presents one other strategy to enhance your level earnings: Boosts. These are limited-time presents to earn further factors with choose companions, comparable to Amazon and Uber. The Increase price is usually 5x, or 5 factors per $1 spent, however can range by supply.

Redeeming Rewards Factors

You possibly can redeem your factors in two methods: by requesting a cash-back assertion credit score or by redeeming factors with taking part X1 accomplice retailers.

Redeeming for assertion credit is less complicated and extra versatile, however not as rewarding. Every level is price $0.007 when redeemed this fashion, decrease than the $0.01 worth that the majority different bank cards supply and that X1 presents once you redeem with accomplice retailers. So that is solely a superb possibility when you can’t wait to make a purchase order with an X1 accomplice.

And X1 has loads of companions, so it shouldn’t be an excessive amount of of a stretch to redeem with them. Select from:

  • Main retailers like Amazon, Costco, and Residence Depot
  • Tech manufacturers like Apple, Greatest Purchase, and Sony
  • Attire and life-style manufacturers like Nike, Adidas, Patagonia, and Peloton
  • Journey and transportation firms like Airbnb, Uber, Delta, and Southwest Airways

Digital Playing cards

You possibly can generate as many digital card numbers as you want within the X1 app. Select from three several types of playing cards:

  • Normal playing cards you could cancel anytime — good for recurring memberships or playing cards on file with retailers you purchase from repeatedly
  • 24-hour playing cards that expire after at some point — best at no cost trial memberships
  • One-time use playing cards — best for single purchases with manufacturers you’d want to not have your card on file

Metallic Card

The X1 Credit score Card is a 17-gram piece of brushed chrome steel, slightly than a flimsy piece of plastic. This feels like a gimmick, and perhaps it’s, however a steel card actually is extra sturdy. In the event you use your bodily card lots, you’re much less more likely to put on it down (or lose it) and should go with out it when you await a alternative.

Including Licensed Customers (Secondary Cardholders)

You possibly can add as much as 5 approved customers to your account, which is nice if in case you have youngsters accountable sufficient to make use of plastic (or steel, on this case). Notably, there’s no age restrict in your approved customers — you may add folks beneath age 18. Simply keep in mind that you’re liable for their purchases. 

Cell Telephone Safety

In the event you pay your month-to-month cellphone invoice in full along with your X1 card, you qualify for complimentary cellphone safety that kicks in in case your cellphone is broken or stolen and must be repaired or changed. 

Visa Signature Advantages

The X1 card comes with a stable lineup of Visa Signature advantages, together with:

  • Prolonged warranties on eligible purchases
  • Journey interruption reimbursement for nonrefundable journey bills
  • Return safety on eligible objects
  • Loss and injury protection on rental automobiles paid in full with the cardboard
  • Journey and emergency help
  • Roadside dispatch

These advantages don’t value something further to maintain in reserve, however some (like roadside dispatch) might incur out-of-pocket bills if used.

Vital Charges

The X1 Credit score Card doesn’t have an annual payment or international transaction payment. Different charges might apply, comparable to charges for late and returned funds.

Credit score Required

The X1 Credit score Card is for folks with good or higher credit score. If in case you have any vital blemishes in your credit score historical past, you won’t qualify for this card. Apply for a secured bank card or unsecured starter card as a substitute, then reapply for X1 when your credit score rating has improved.


Benefits of the X1 Credit score Card

The X1 Credit score Card has some vital benefits over your replacement-level cash-back bank card. These are essentially the most notable.

  • Potential for a Very Excessive Credit score Restrict. The X1 Credit score Card has an progressive underwriting course of that may produce the next credit score restrict than competing playing cards. Your restrict could possibly be 5 occasions greater right here, in line with X1, however this isn’t assured.
  • No Annual Charge. The X1 Credit score Card doesn’t cost an annual payment, so that you gained’t lose cash if it sits idle in your pockets.
  • Earn As much as 3x Factors on Eligible Common Purchases. On a regular basis purchases earn as much as 3x factors with X1, topic to annual spending minimums and month-to-month spending maximums. Nonetheless, that’s an above-average price of return. 
  • No Age Restrict on Secondary Playing cards. You possibly can add approved customers no matter age, which is nice if in case you have teenage youngsters accountable sufficient to make use of a bank card beneath your watchful eye. (The cardboard’s real-time transaction alerts turn out to be useful.)
  • Digital Playing cards for Free Trials and Single Purchases. X1 makes it simple to generate digital card numbers for conditions the place you don’t need a vendor to have your actual card quantity ceaselessly. Some rivals don’t supply this functionality.
  • Full Lineup of Visa Signature Perks. X1 is a Visa Signature card, that means it comes with primary journey insurance coverage protections, prolonged warranties, and different probably helpful advantages.
  • Person-Pleasant App With Highly effective Account Administration Capabilities. The X1 app is extra highly effective than your normal bank card cell app. One significantly superior characteristic: easy-peasy dispute decision with just some faucets.

Disadvantages of the X1 Credit score Card

The X1 Credit score Card has some vital drawbacks too. You determine whether or not they’re price reconsidering your software.

  • Low Level Worth at Redemption. X1’s rewards factors are price $0.01 at most when redeemed. To unlock this worth, it’s worthwhile to redeem in opposition to purchases with taking part accomplice retailers — not tough, contemplating the accomplice listing consists of heavy hitters like Amazon, however nonetheless annoying. Straight money redemptions worth factors at simply $0.007 apiece.
  • 3x Factors Tier Requires Heavy Spending. You should spend at the least $15,000 per yr to earn 3x factors on all spending. That works out to $1,250 per 30 days, which generally is a stretch in case your revenue is modest otherwise you don’t use X1 as your major card.
  • Cap on 3x Rewards Tier. The 3x rewards tier has a most cap too. In the event you spend greater than $7,500 in a given month, your earn price goes again all the way down to 2x. This gained’t have an effect on many cardholders, however it’s an issue when you do spend lots or when you’re planning a serious buy within the close to future.

Is the X1 Credit score Card Legit?

Sure, the X1 Credit score Card is legit. It’s an actual bank card that earns actual rewards and has a rising base of glad prospects.

This doesn’t imply that the X1 Credit score Card might be round ceaselessly or that you must rush to use for it. As a more recent card that does some key issues otherwise, it’s a higher-risk proposition for X1. I wouldn’t be shocked if, in 2025, the X1 Credit score Card isn’t accessible to new candidates, or if it’s nonetheless accessible however appears unrecognizable in comparison with at this time.

However when you like what you’ve seen from X1 thus far, I gained’t discuss you out of making use of. Simply take a look at the cool field it is available in.


Options to Contemplate

And when you don’t like what you’ve seen from X1 thus far, otherwise you simply need to see what else is on the market earlier than you apply? Contemplate these options first.

Product Service Greatest for
M1 Proprietor’s Rewards Credit score Card Seamlessly linking to your financial savings and investing accounts
Citi Double Money Card Flat-rate rewards (2% money again) with no gimmicks
Chase Freedom Limitless Credit score Card Lengthy introductory APR promotion on purchases and stability transfers
Chase Freedom Flex Credit score Card Excessive money again (as much as 5%) on eligible purchases
Chase Sapphire Most popular Card Incomes journey rewards and perks

Last Phrase

The X1 Credit score Card presents the potential (however not the assure) of a better credit score restrict than you may get elsewhere. Eligible purchases earn as much as 3 factors per $1 spent. And the highly effective cell app places the whole lot from single-use digital playing cards to transaction disputes at your fingertips.

But the X1 Credit score Card isn’t for everybody. The upper credit score restrict is a double-edge sword when you’re simply tempted by impulse buys. The 3x rewards tier solely applies inside a sure spending vary. And the cell app is all about how you utilize it — you gained’t get any worth from it when you by no means open it.

So, must you apply for the X1 Credit score Card? That’s as much as you. In the event you do, you may make certain that the expertise might be totally different than any bank card you’ve needed to date.

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