topic Re: X1 Approval in Credit Card Approvals

X1 Approval

MachoHombre — Sun, 26 Dec 2021 00:41:29 GMT

Invite arrived, reminding me of the curiousity that I had for this card. First thought was to not apply but I clicked and again became interested.

* Process was simple and consistent with what others have described. I linked (via plaid) one bank account.

* This card IMO will be a disruptor in the marketplace. Emphasis on income and cash-on-hand. Not the old-skewl way of doing things and seemingly a very well thought-out methodology.

I was instant approved $43.5K

No where near my highest cards but likely my highest starting CL.

Card is suposedly going to arrive in a few days, but not likely to arrive before I depart for holiday so it will be a while before I have it in-hand.

I see where others have provided info to get a larger CL. I was toying with the idea of transfering money into my bank account and asking them to take another look. I don't need it, but I'm fascinated/curious to learn more about how they come up with CL's and if having more cash (visible to them) on hand might affect CL

BTW, using plaid is similar to how AMEX Kabbage business lines of credit are done.

Re: X1 Approval

CreditAggie — Sun, 26 Dec 2021 00:52:24 GMT

Congratulations on your X1 approval!

Re: X1 Approval

Who_wuda_thought — Sun, 26 Dec 2021 02:58:44 GMT

Congratulations on your new "disruptor" approval!

Re: X1 Approval

sznthescore — Sun, 26 Dec 2021 03:00:08 GMT

Nice hefty approval you received there! Congrats!!!

Re: X1 Approval

Guyatthebeach — Sun, 26 Dec 2021 03:08:36 GMT

MachoHombre,

Congratulations on your approval. That is an awesome CL!

Have you seen a HP yet?

I got one a few days after the approval.

Guyatthebeach

Re: X1 Approval

Ilinferno — Sun, 26 Dec 2021 03:59:11 GMT

Congrats on the solid approval!

Re: X1 Approval

RootDet — Sun, 26 Dec 2021 04:01:45 GMT

I linked them to an account with only $1k balance and got a $42k CL. So I am not sure cash on hand is that important. I think it is cash-flow and seeing deposits and other factors.

There are plenty recorded here with incomes double mine and deposits higher than mine getting less credit line.

Re: X1 Approval

Total80sKid — Sun, 26 Dec 2021 04:47:37 GMT

Congrats on your X1 approval 👍🏼

Re: X1 Approval

M_Smart007 — Sun, 26 Dec 2021 08:22:39 GMT

Congrats on The X1 approval!

Re: X1 Approval

gdale6 — Sun, 26 Dec 2021 15:38:17 GMT

Grats on your X1 approval

Re: X1 Approval

CYBERSAM — Sun, 26 Dec 2021 22:12:04 GMT

Congrats on your X1 approval 🤑

Very nice SL 👍👍

Re: X1 Approval

Caribsa89 — Mon, 27 Dec 2021 01:47:09 GMT

Congratulations. That is a great starting CL.

Re: X1 Approval

MartyWrite75 — Mon, 27 Dec 2021 01:51:41 GMT

Congratulations on your approval!

Re: X1 Approval

MachoHombre — Mon, 27 Dec 2021 15:52:18 GMT

@Guyatthebeach wrote:
MachoHombre,

Congratulations on your approval. That is an awesome CL!
Have you seen a HP yet?
I got one a few days after the approval.
Guyatthebeach

No, I haven't. I was under the impression no HP, I'll be dissapointed if it happens.

Re: X1 Approval

MachoHombre — Mon, 27 Dec 2021 15:54:17 GMT

@RootDet wrote:
I linked them to an account with only $1k balance and got a $42k CL. So I am not sure cash on hand is that important. I think it is cash-flow and seeing deposits and other factors.

There are plenty recorded here with incomes double mine and deposits higher than mine getting less credit line.

**INTERESTING**

Thank you.

I think they'll be a lot of disucssion speculating on how they arrive at CLs. Based on your words I won't bother moving cash and asking for a second look. Thanks again!

Re: X1 Approval

NRB525 — Mon, 27 Dec 2021 18:19:35 GMT

Congrats on your X1 approval ! Very nice SL.

Re: X1 Approval

CreditMagic7 — Mon, 27 Dec 2021 18:39:14 GMT

Congratulations on the X1 approval and limit!

Re: X1 Approval

Lou-natic — Wed, 29 Dec 2021 03:24:13 GMT

Congrats on the approval and welcome to the club!

Re: X1 Approval

bilwilvegas — Thu, 06 Jan 2022 05:24:21 GMT

I am curious about how they determine SL. I just got approved today for my X1 and they gave me a SL of $29,000 I only keep about $30,000 on average in the checking account but my paychecks flow through each month to the tune of roughly $100,000 net each month. I assumed they would see the deposits and that would suffice. I never considered them wanting to see a higher balance in there.