The X1 Card offers a credit card made of stainless steel that has no annual fee and a generous reward structure. The card earns 2X on every single purchase, 3X on every purchase for the year if you spend $15K+, and 4X for a month for every friend you refer.
Update 02/16/23: The card no longer earns 3X points on all purchases. It now offers boosts for 3X at select merchants or categories.
Update 11/30/22: The 3X points reward is now capped at $7,500 per spend per month. You get 3X on every purchase after you spend $15K.
The sleek, 17-gram stainless steel card is very cool to carry around. The earnings structure is generous but to maximize value, you would need to redeem rewards from X1’s list of retail partners including several airlines, Apple, Best Buy, Addidas, Amazon, Airbnb, and more. You can also redeem the reward for instant cash but you would get less than a penny per point.
X1 is a financial technology company, not a bank. The X1 Card is issued by Coastal Community Bank based in Everett, Washington.
Card Details
Starting January 18, 2023 the X1 card will reward you with two (2) Points per USD dollar for each purchase posted to your X1 Account. If you spend over $1,000 in a month, you can earn 3x Points.
Each calendar month, X1 will calculate the total USD dollar value of your Eligible Purchases. Once your Eligible Purchases reach $1,000, you will earn three (3) Points on your next $6,500 of Eligible Purchases during that month. All Eligible Purchases above a total of $7,500 for the month will earn two (2) Points per dollar spent. For example:
- If you make $1,000 in Eligible Purchases by January 5, you will earn 2X points on those purchases.
- Between January 6 and January 26, if you make an additional $6,500 in Eligible Purchases, you will earn 3X points on those purchases.
- From January 27 to January 31, if you spend an additional $1,000 in Eligible Purchases, you will earn 2X points.
- On February 1, your monthly spend resets, and you will earn 2X points on all Eligible Purchases up to $1,000, 3X points on spend between $1,001 and $7,500, and 2X points on spend over $7,500 in the calendar month.
If you signed up for the X1 Card before January 18, 2023, you were eligible for the 3X Annual Spend Bonus. This bonus awarded 3X points on all Eligible Purchases after you reached $15,000 in eligible spend during your Cardholder Year (each anniversary of the date your X1 Account was activated) for the duration of that year.
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