X1 Credit Card Pre-Approval: What You Need To Know

In the realm of financial solvency, credit cards have emerged as a trustworthy ally. They offer convenience, security, and even rewards. However, obtaining one can sometimes be a bit of a hurdle, especially if you’re eyeing a particular card like the X1. So, how do you traverse this hurdle? You opt for the X1 credit card pre approval! This guide will walk you through everything you need to know about the X1 credit card pre approval process.

Understanding the X1 Credit Card

First things first, let’s understand what the X1 credit card is all about. The X1 card is a stainless steel, 17-gram powerhouse that offers an exemplary suite of benefits and rewards. What’s more? It comes with no annual fee! The card provides a unique experience that combines convenience, savings, and a rewards structure that’s hard to beat. Plus, it’s built with a focus on your income rather than solely relying on your credit score, offering a credit limit up to five times higher than traditional cards.

Defining Pre Approval

Before we delve into the specifics of the X1 credit card pre approval, let’s get a clear understanding of what pre approval means. In simple terms, pre approval is a preliminary assessment that lenders perform to gauge your creditworthiness. It is based on your income, credit score, and other financial details. Pre approval does not guarantee final approval, but it does give you a fair idea of your chances.

The X1 Credit Card Pre Approval Process

The process for obtaining X1 credit card pre approval is primarily online and straightforward. You apply through the issuer’s website, and the approval depends on factors like your income, credit score, and financial stability. Remember, the X1 Card places a greater emphasis on your verified income, potentially assigning you a credit limit that’s up to 5x higher than a traditional unsecured card.

Step-By-Step Guide to Apply

Here’s a step-by-step guide on how to apply for the X1 credit card:

1. Navigate to the X1 Credit Card webpage and hit the “Apply Now” button.
2. Enter your personal information like name, date of birth, Social Security Number, email, and phone number, then proceed by clicking “Continue.”
3. You’ll be asked for your mobile phone number. After providing it, click on “Send text.” You’ll receive a verification code via text, which you need to enter when prompted.
4. Review your application and submit it.

Note that the application process requires a soft pull that won’t impact your credit score. However, if you get approved and accept the terms, a hard inquiry— which could temporarily decrease your credit score— will be conducted.

The Role of Your Credit Score

Your credit score plays a crucial role in the pre approval process. Though the X1 Card doesn’t explicitly mention a minimum credit score, it’s recommended to apply with a score of 670 or higher. You should also have a clean credit history and minimal hard credit inquiries from the past 24 months.

Income Requirements

While there is no hard and fast rule about income requirements, your income plays a significant role in getting pre approved. During the prequalification process, you’ll need to state your annual income and link your personal banking accounts to verify your claim. Consistent, employer-provided direct deposits could increase your chances of getting a higher spending limit.

What to Do Before Applying for the X1 Credit Card

Before you apply for the X1 credit card, there are few things you should consider:

• Credit Score: Although your credit score isn’t the primary factor, it’s beneficial to have the highest score possible. A good or excellent credit score is favorable.
• Credit Report Errors: Unfreeze your credit reports from all three bureaus for the soft and hard checks. Ensure there are no negative marks such as missed payments as they can jeopardize your application.
• Avoid Multiple Applications: Multiple applications within a short period may flag a secondary review or result in an auto-decline.
• Report Your Income Accurately: As you must link your bank accounts during the application to verify your income, state your correct annual salary initially to avoid verification problems.

Advantages of X1 Credit Card Pre Approval

The X1 credit card pre approval process comes packed with numerous advantages:

• Immediate Use: Once approved, you can start using your card instantly, even before the physical card arrives.
• No Impact on Credit Scores: You can find out whether you’re approved without any impact on your credit scores.
• High Credit Limit: Based on your income, you might receive a credit limit higher than traditional credit cards.
• Generous Rewards: The card offers a healthy rewards rate compared to other cards in its class.

Final Thoughts

The X1 credit card pre approval process is a game-changer, particularly for those with less-than-perfect credit histories. It provides an opportunity to not only obtain a credit card but also to score one that offers an impressive suite of benefits and rewards. So, if you’re considering applying for an X1 credit card, pre approval could be your golden ticket.

Now that you have all the necessary information, why wait? Apply for your X1 credit card pre approval today and embark on your journey towards financial empowerment!

Apply for X1 Credit Card Pre Approval

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