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X1 Card to Rebrand because the Robinhood Credit score Card

X1 Card ReviewX1 Card Review

X1 Card Evaluation

🔃 Replace (Mar 26, 2024) – On July 3, 2023, Robinhood Markets, Inc. closed its acquisition of X1 Inc. Now on March 26, the X1 card is predicted to rebrand because the Robinhood Credit score Card. It’s rumored to supply 3x again on every thing with no limits. You may study extra throughout their occasion tomorrow at http://go.robinhood.com/presents. (HT: reddit)

🔃 Replace (Feb 16, 2023) – The X1 Card now not earns 3X factors on all purchases, though the cardboard now presents boosts for 3X at choose retailers or classes.

As of January 18, the X1 card earns two (2) Factors for every USD greenback of purchases posted to your X1 Account. In the event you spend greater than $1,000 in a month, then you can begin incomes 3x.

X1 will measure the whole USD greenback quantity of your Eligible Purchases every calendar month and, when your Eligible Purchases complete $1,000, you’ll earn three (3) Factors in your subsequent $6,500 of Eligible Purchases throughout that calendar month. All Eligible Purchases in extra of a complete of $7,500 through the calendar month will earn two (2) Factors per greenback. For instance:

  • You make $1,000 in Eligible Purchases by January 5 and earn 2X factors on these purchases;
  • Between January 6 and January 26, you make a further $6,500 in Eligible Purchases and earn 3X factors on these purchases;
  • Between January 27 and January 31, you spend a further $1,000 in Eligible Purchases which earn 2X factors.
  • On February 1, your month-to-month spend resets and also you earn 2X factors on all Eligible Purchases as much as $1,000, 3X factors on spend between $1,001 and $7,500, and 2X factors on spend over $7,500 within the calendar month.

In the event you signed up for the X1 Card earlier than January 18, 2023, you have been topic to the 3X Annual Spend Bonus, which gave 3X factors on all Eligible Purchases when you reached $15,000 in eligible spend throughout your Cardholder 12 months (every anniversary of the date your X1 Account was activated) at some stage in that yr.

The X1+ card may also launch quickly.

Replace 1/14/21: X1 has introduced a $12 million funding led by Spark Capital with participation from Jared Leto, Field CEO Aaron Levie, Yelp CEO Jeremy Stoppelman, Affirm CEO and PayPal co-founder Max Levchin and Y Combinator Continuity CEO Ali Rowghani. The funding follows X1 Card‘s viral progress since opening up its waitlist in September. The waitlist is already nearing 300,000 signups and is on its option to changing into the most important ever waitlist for a fintech product.

Authentic article, Sept. 17, 2020:

The X1 Card is a brand new re-imagined bank card product for a brand new era. The cardboard isn’t obtainable but, nevertheless it has opened up a wait listing. That is much like another new merchandise that we’ve seen lately, the place you progress up the listing by referring others. However on this case, you too can earn 4X on purchases because of your referrals. The cardboard guarantees sensible expertise, an unparalleled rewards program, larger limits, decrease rates of interest. All of that, for no annual charge. It will get higher because the the cardboard solely requires a gentle pull. It’s aimed on the youthful era, and are anticipated to begin rolling out later this yr. Anybody in the US can be a part of the wait-list. And now let’s get into this X1 Card evaluate and see all of the options this card presents.


The X1 Card earns factors for each single buy. Rewards differ from 2x to 4X for each greenback spent. Right here’s the reward construction for the X1 card:

  • Earn 2X on all purchases
  • Earn 3X on all purchases for the yr in the event you spend $15,000 on the cardboard yearly
  • Invite mates and earn 4X on all purchases for a month for each buddy you refer.
  • No restrict to how a lot you possibly can earn and factors by no means expire.

In relation to redeeming rewards, you must use them for purchases at choose retailers. Over 100 common retailers are included, however that also doesn’t make them nearly as good as money. The worth is 1 cent per reward level. The listing of retailers contains Alaska Airways, Apple, Airbnb, Asos, Casper, Crate & Barrel, Delta Air Strains, jetBlue, Nike, Patagonia, REI, Sephora, Supreme, Wayfair and extra. You may even use factors for a part of your buy, no want to attend till you have got sufficient to redeem.

Be part of Waitlist

Welcome Provide

No Exhausting Pull

Replace: The applying web page now says that “accepting an X1 Card after your software is permitted will end in a tough credit score pull, which can influence your credit score rating.” However, you possibly can see in the event you’re permitted with no influence to your credit score rating.

The X1 card appears at present and future revenue as a substitute of credit score rating. It units a wise credit score limits marketed to be as much as 5 occasions larger than conventional bank cards. The cardboard additionally presents automated credit score line will increase as cardholders advance of their careers. Having a better credit score restrict additionally improves cardholder’s credit score utilization ratio, which will increase their credit score rating.

TechCrunch notes that X1 Card is constructed by Thrive, the corporate behind ThriveCash, a mortgage platform that permits you to get a credit score line primarily based on supply letters for an upcoming summer season internship or your first full-time job after school. You may then borrow as a lot as 25% of your complete internship wage or 25% of your first three paychecks if it’s a full-time job. X1 ought to use an identical system, though it isn’t clear how the credit score restrict might be determined precisely. Additionally we’ll have to attend and see what data and paperwork could be required through the software course of.

Different Options

  • No annual charge, no late charges or international transaction charges.
  • APR ranges from 12.9% to 19.9%.
  • Steadiness switch charge of two%.
  • Create digital playing cards for one-time use
  • Cancel subscription funds in a single click on
  • Spend anonymously with out disclosing your private data
  • Get instantaneous notifications on refunds
  • Connect receipts to purchases


In addition to all these options and the incomes construction, the X1 Card additionally stands out with its design. The cardboard is made with 17 grams of modern, chrome steel, giving it a really trendy look. The X! card has a clear entrance, with simply the X1 emblem aligned vertically and the ‘Visa Signature’ emblem on the decrease proper nook. Metallic playing cards are typically related to high-end bank card merchandise, and the X1 card provides you that appear and feel. You may see extra photographs, and even hear the sound of the cardboard dropping on the ground right here.

Be part of Waitlist

Guru’s Wrap-up

It is a very promising product. The X1 card has no annual charge, there’s no onerous pull, a couple of cool options, superior design and as much as 4X incomes. That really sounds too good to be true, so let’s see if it really involves market. And even when it does, we’ll must see if they will sustain the present incomes construction in the long run. Let me know what you assume.



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