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The X1 credit card is a card redone from the bottom up. The physical card is made out of 100% stainless steel. Plus, you have the option of creating virtual cards to use online or for one-time use for signing up to free membership trails, etc. Approval and credit limits are not based on your credit score. Rather, it's based on your income and expenses. X1 claims that consumers can expect to be approved for credit limits up to 5X higher than other credit card issuers. The card earns 2X on all purchases and 3 on all purchases if you spend $1,000 or more per month. You will earn the 3 points on the next $6,500 you spend in that month.
- Credit report: Coastal Community Bank will do a hard pull to check your credit report only if you choose to accept approval for the card.
- Approvals based on your income: Approval and credit limits are not based on your credit score. Rather, it's based on your income and expenses. To verify your income, X1 will ask for access to your bank accounts and will review the transactions, including your incoming and outgoing funds. Based on that they will decide if they want to approve you or not and what credit limit they are willing to approve for you.
Approval Monitor (submitted by HelpMeBuildCredit users)
Credit limit range $7,500-$30,500
Avg. Credit limit$20,667
Disclosure: These results are based on information submitted by HelpMeBuildCredit users. Credit card approval results are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. Neither HelpMeBuildCredit nor the bank advertiser's take any responsibility on the accuracy of the information.
– Up to 10 points on all purchases for up to 30 days if a friend you invite using the invite option (when available in the X1 App) gets approved and activates their X1 Card. You and the invitee will get approved to earn either 4 points, 5, or 10 points on all purchases for up to 30 days.
– 3 points on all purchases for the preceding cardmember year if the total purchases of the preceding cardmember year totals $15,000 or more
– 2 points on all purchases
No foreign transaction fee.
