If you have a steady income but have a weak credit score, you should consider the X1 credit card. It is a rewards card for anyone with a solid income, even if your credit history is not so good.
It has no annual fee and offers a good earnings structure. You can redeem your rewards at over 100 retail partners. These retailers include many everyday purchase categories. Unfortunately, straight cashback is not an option with this card.
For your convenience, we’ve had a look at the benefits offered by the X1 Credit card and how to apply, summarized what we’ve found, and gladly share it with you.
X1 Credit Card: Features
The X1 credit card offers credit limits up to 5 times higher than traditional cards based on your current and future income. You earn 2 points per dollar on every purchase, and 3 points per dollar for the year if you spend $15,000 or more that year. For every referral who signs up for the card, you earn 4 points.
Redemptions can be done at more than 100 retail X1 partners, and there are no foreign transaction fees. The reward points never expire.
With the X1 credit card, you share the Visa Signature perks and benefits. These perks include an auto rental collision damage waiver and travel and emergency assistance via a 24-hours call center, 365 days per year.
With the card’s trip cancellation and interruption reimbursement feature, you could be reimbursed for the non-refundable cost of your passenger fare, if your trip is canceled or interrupted. Emergency tickets could even be issued if the original tickets have been bought with your X1 credit card.
Pros
There is no annual fee for the X1 credit card. It does not require an in-depth credit check and uses a soft credit check that won’t affect your credit score. The X1 credit card considers your income when determining credit limits. You can also create virtual cards for one-time use. The reward points never expire. As the X1 Credit card is a Visa card, you also share in the perks and benefits of the Visa Signature program.
Extended warranty protection is also available. When you use your card for purchases at eligible X1 partner retailers, you’ll get double the term of your U.S. manufacturer’s warranty. This gives you up to 1 additional year on warranties of 3 years or less.
Cons
You can only redeem your rewards at about 100 retail partners on the X1 card’s list. Straight cashback is not an option with the X1 credit card. No welcome bonuses or introductory APRs are offered.
Also read: TJ Maxx Credit Card - Learn the Benefits and How to Apply
X1 Credit Card: Fees And Rates
The fees and rates currently publicly available are as follows:
- Annual fee: None
- Regular APR: 12.9% - 19.9% on purchases and balance transfers
- Balance transfer fee: 2%
- Foreign transactions fee: None
- Late fee: None
X1 Credit Card: Eligibility
To apply for the x1 credit card you should be older than 18 and have a solid income. Your income and not your credit score is the main aspect taken into consideration.
How To Get The X1 Credit Card
Currently, the X1 credit card does not accept applications. However, there is a waitlist where you have to enter your contact details. To get your name on the waitlist visit the website online, and enter your email address.
As soon as the X1 credit cards are being issued, you will be contacted to complete the application process. You can check your status on the waitlist on the same website.
X1 Credit Card: Address And Contact
The head office of the group issuing and managing the X1 credit card is at 564 Market Street, Suite 700, San Francisco, CA 94104. You can also reach them via email at contact@x1creditcard.com
Conclusion
Regardless of what your credit score looks like, the X1 Card offers some standout benefits and features. If your credit score is low but you have a steady monthly income, we recommend that you put your name on the waitlist.
Disclaimer: There are risks involved when applying for and using credit products. Ensure you consult the X1 Credit Card’s terms and conditions before agreeing on anything.
