X1 Smart Credit Card Review – Earn 2x – 4x On All Purchases (Up To 4-8% Cashback)


Update 5/19/22: X1 has added some more merchants including Amazon, Best Buy, and Home Depot but when you redeem against these charges it’s 0.75¢ per point instead of 1¢ per point. It’s not clear if the other options are still at 1¢ per point. Hat tip to veeRob

A new card has launched called ‘X1 Smart Credit Card‘. Let’s take a look at this new card in this quick review.

  • No annual fee
  • Card earns at the following rates:
    • 2X points on every single purchase
    • 3X points on every single purchase for the year if you spend $15K+ on the card in that year
    • 4X points on every single purchase for a month for every friend you refer (If you bring in 10 friends for example, you’ll get 4X points on every single purchase for 10 months)
  • Stainless steel card
  • Credit limit will be based on your income, not credit score

How Much Are Points Worth?

Points are worth 1¢ per point on most merchants, there will be some merchants where points will be worth 2¢ per point.

Our Verdict

I don’t see how this is sustainable long term, especially if you can get 2¢ per point when redeeming points at some merchants (I assume you redeem points against these charges?). That would mean you could get 4% – 8% cash back on all purchases. That being said this is a product from Thrive (they created ThriveCash) and have raised $10 million over two rounds (although the last round was in December 2018). Lately we’ve seen a lot of these fintech products with a lucrative offering, unfortunately many of them have never actually launched. Do not share your referrals in the comments.

Source link

Choose your Reaction!
Leave a Comment

Your email address will not be published.

Bitcoin (BTC) $ 20,176.00 0.90%
Ethereum (ETH) $ 1,137.77 1.10%
Tether (USDT) $ 0.998390 0.12%
Litecoin (LTC) $ 49.63 4.60%
Binance USD (BUSD) $ 0.998286 0.20%
Apple Inc.  AAPL 
$141.56  $2.63  1.89%  
AMC Entertainment Holdings, Inc  AMC 
$12.78  $0.75  5.54%  
Tesla, Inc.  TSLA 
$699.20  $17.41  2.55%  
VBI Vaccines, Inc.  VBIV 
$0.8183  $0.0099  1.22%  
GameStop Corporation  GME 
$120.23  $3.19  2.58%  
Walt Disney Company (The)  DIS 
$97.18  $1.04  1.08%  
DraftKings Inc.  DKNG 
$12.97  $1.20  10.20%  
Airbnb, Inc.  ABNB 
$95.94  $4.53  4.96%  
Uber Technologies, Inc.  UBER 
$22.52  $1.18  5.53%  
DoorDash, Inc.  DASH 
$74.90  $6.95  10.23%  
Zomedica Corp.  ZOM 
$0.22  $0.0122  5.87%  
Nokia Corporation Sponsored  NOK 
$4.55  $0.11  2.36%  
United States Antimony Corporat  UAMY 
$0.4044  $0.0056  1.37%  
$0.4093  $0.0397  8.84%  
Danimer Scientific, Inc.  DNMR 
$5.13  $0.41  8.69%  
BurgerFi International Inc  BFI 
$3.16  $0.03  0.94%