topic Re: X1 Approved - BUT BEWARE in Credit Card Approvals

X1 Approved - BUT BEWARE

AI_JMV — Tue, 20 Sep 2022 19:24:22 GMT

Well, it's been a minute since I have peeked out of the garden. I am getting ready to app spree and noticed this X1 card with the SP etc etc. I applied and was approved last night for 30.5k SL. Loaded the card into my wallet seamlessly and went to use it today. A $3500 charge. Declined. I texted and emailed support and here was their response. Still shaking my head:

Hi,

Unfortunately this transaction is too large given the age of your account. As with many credit cards, new accounts may experience restrictions on large transactions. You should be able to utilize your full limit over time as your account history with X1 builds.

Best,
X1 Team

WHAT THE (mod cut-not here pls)... What is the point of a credit limit then?? Also.. what is the arbitrary purchase limit that DOES work for them and won't be declined?? Are you NUTS?! Not a CHANCE will I ever use this card again after this. Can you imagine trying to use this after a dinner with clients etc? And get declined LOL (mod cut). So, I guess this will just look nice on my credit report since I will NEVER use this card again.

BEWARE!

Re: X1 Approved - BUT BEWARE

M_Smart007 — Tue, 20 Sep 2022 18:42:33 GMT

Congrats ..They hand out fairly large CL's ..then decline? ...Hmmmmm

Thanks for posting your experience with them.

ETA: I'd most likely be upset to.

Re: X1 Approved - BUT BEWARE

AI_JMV — Tue, 20 Sep 2022 18:43:14 GMT

Especially for someone with my credit file. 30.5 is hardly close to my other limits and my util is AZEO at all times. They also have my bank account connection, so they know what I am worth. Really stupid on many fronts..

Re: X1 Approved - BUT BEWARE

CYBERSAM — Tue, 20 Sep 2022 19:57:01 GMT

@AI_JMV wrote:
Well, it's been a minute since I have peeked out of the garden. I am getting ready to app spree and noticed this X1 card with the SP etc etc. I applied and was approved last night for 30.5k SL. Loaded the card into my wallet seamlessly and went to use it today. A $3500 charge. Declined. I texted and emailed support and here was their response. Still shaking my head:

Hi,

Unfortunately this transaction is too large given the age of your account. As with many credit cards, new accounts may experience restrictions on large transactions. You should be able to utilize your full limit over time as your account history with X1 builds.

Best,
X1 Team

WHAT THE .. What is the point of a credit limit then?? Also.. what is the arbitrary purchase limit that DOES work for them and won't be declined?? Are you NUTS?! Not a CHANCE will I ever use this card again after this. Can you imagine trying to use this after a dinner with clients etc? And get declined LOL. So, I guess this will just look nice on my credit report since I will NEVER use this card again.

BEWARE!

This is the 1st I've seen in here! Very strange! I know people that ran much higher charges with no issues in first couple of months!

It is possible they have not fully activated your Card yet and full CL becomes available once you receive the actual card! Similar to what Chase does with new accounts.

Re: X1 Approved - BUT BEWARE

AI_JMV — Tue, 20 Sep 2022 19:57:31 GMT

@CYBERSAM wrote:
@AI_JMV wrote:
Well, it's been a minute since I have peeked out of the garden. I am getting ready to app spree and noticed this X1 card with the SP etc etc. I applied and was approved last night for 30.5k SL. Loaded the card into my wallet seamlessly and went to use it today. A $3500 charge. Declined. I texted and emailed support and here was their response. Still shaking my head:

Hi,

Unfortunately this transaction is too large given the age of your account. As with many credit cards, new accounts may experience restrictions on large transactions. You should be able to utilize your full limit over time as your account history with X1 builds.

Best,
X1 Team

WHAT THE ... What is the point of a credit limit then?? Also.. what is the arbitrary purchase limit that DOES work for them and won't be declined?? Are you NUTS?! Not a CHANCE will I ever use this card again after this. Can you imagine trying to use this after a dinner with clients etc? And get declined LOL.So, I guess this will just look nice on my credit report since I will NEVER use this card again.

BEWARE!
This is the 1st I've seen in here! Very strange! I know people that ran much higher charges with no issues in first couple of months!

It is possible they have not fully activated your Card yet and full CL becomes available once you receive the actual card! Similar to what Chase does with new accounts.

Which I would have fully understood, but there was no communication of any purchase limit while waiting for the card to come. And $3500 is hardly a risky charge with a 30.5k SL.

Re: X1 Approved - BUT BEWARE

CH-7-Mission-Accomplished — Tue, 20 Sep 2022 19:58:02 GMT

@AI_JMV wrote:
Well, it's been a minute since I have peeked out of the garden. I am getting ready to app spree and noticed this X1 card with the SP etc etc. I applied and was approved last night for 30.5k SL. Loaded the card into my wallet seamlessly and went to use it today. A $3500 charge. Declined. I texted and emailed support and here was their response. Still shaking my head:

Hi,

Unfortunately this transaction is too large given the age of your account. As with many credit cards, new accounts may experience restrictions on large transactions. You should be able to utilize your full limit over time as your account history with X1 builds.

Best,
X1 Team

WHAT THE ... What is the point of a credit limit then?? Also.. what is the arbitrary purchase limit that DOES work for them and won't be declined?? Are you NUTS?! Not a CHANCE will I ever use this card again after this. Can you imagine trying to use this after a dinner with clients etc? And get declined LOL. So, I guess this will just look nice on my credit report since I will NEVER use this card again.

BEWARE!

There are lots of reports on other fora (e.g, Reddit) about difficulties with this card. They have an overactive fraud department. Some people have just closed it or else sock drawered it. Did you get an HP? Various reports either way whether SP only or HP if you accept.

Re: X1 Approved - BUT BEWARE

CYBERSAM — Tue, 20 Sep 2022 19:05:23 GMT

@AI_JMV I 100% agree with you, this should not be as complicated! They are backed by a bank so no need to reinvent the wheel from scratch!

Also don't be mad when you see the HP! lol 😂 The SP was for early beta and now is SP for initial SL approval and then HP to finalize the account, which probably that's why your charge didn't go through!

BTW, Congrats on your new X1 Card 🥂🤑👍

Re: X1 Approved - BUT BEWARE

Aim_High — Mon, 31 Oct 2022 04:43:32 GMT

Congrats (I suppose?) on your X1 approval, @AI_JMV.

And your data points about the card experience are invaluable to the community.

On the one hand, after many initial questions* (link1; link2; link3) when the card first came out, I found the X1 card somewhat intriguing and worth at least a little investigation. My final review and commentary (see here and here) explained why I ultimately didn't feel it was a card for me.

Unfortunately for those who applied, this is one of several recent reports of significant issues with the card. I'm truly glad that I passed it up. I appreciate the honest shared experiences of others provide great value in guiding our credit decisions.

For those considering the X1 card, besides the above reported issue with acceptance, I encourage you to read the following threads:

Re: X1 Approved - BUT BEWARE

GZG — Tue, 20 Sep 2022 20:39:40 GMT

@AI_JMV wrote:
I applied and was approved last night for 30.5k SL. Loaded the card into my wallet seamlessly and went to use it today. A $3500 charge. Declined. I texted and emailed support and here was their response. Still shaking my head:

Hi,

Unfortunately this transaction is too large given the age of your account. As with many credit cards, new accounts may experience restrictions on large transactions. You should be able to utilize your full limit over time as your account history with X1 builds.

Best,
X1 Team

I wonder if support's response meant to talk about a limited CL prior to having the physical card, but that's a horrid response, all the same.

Re: X1 Approved - BUT BEWARE

Bill77 — Tue, 20 Sep 2022 21:07:27 GMT

I could maybe see this if your SL was 4000 with a new account. But you only used ~12% of the given SL.

Re: X1 Approved - BUT BEWARE

KingRue8500 — Tue, 20 Sep 2022 23:31:33 GMT

Congrats on your X1 Visa approval

Re: X1 Approved - BUT BEWARE

cashorcharge — Tue, 20 Sep 2022 23:40:08 GMT

This is a new one for sure....I've heard of people racking up charges and then having an issue as suspected rewards fraud...but even then...it wasn't fraud..it was using their bonus categories. Hope this works out in the end....

Re: X1 Approved - BUT BEWARE

DaWhole9 — Thu, 22 Sep 2022 02:07:13 GMT

Congrats on the approval! Not new for X1...the first few weeks they monitor for fraud. The OP made a first purchase of $3500 the day after approval. Thats a red flag to them. If he used it a few times and then tried $3500 a feew weeks later it would have been appproved. I have been using mine for 6 months...large charges, no issues.

Re: X1 Approved - BUT BEWARE

CreditAggie — Thu, 22 Sep 2022 04:45:50 GMT

Congratulations on your X1 approval! I find this interesting since I think it's common on here to run large purchases on new cards in order to hit a SUB and I have had the opposite experience with my large purchases with other lenders. I got a CSP in May with a $7800 limit. I ran a $3K tuition charge through it right after I received the card in the mail and it went through without a hitch. I will note that Chase held my first payment (PIF) for a few extra days before freeing up my available credit in this instance.

Re: X1 Approved - BUT BEWARE

Stealth-1 — Thu, 22 Sep 2022 05:09:19 GMT

Congrats on the X1 approval. 👍

👎 on the declined transaction. Sorry you went through that. Unless there was a temp limit they never told you about, it never should have happened.

Re: X1 Approved - BUT BEWARE

Stealth-1 — Thu, 22 Sep 2022 05:42:14 GMT

@AI_JMV wrote:
Can you imagine trying to use this after a dinner with clients etc? And get declined LOL

If I'm ever in those situations I always make sure to have at least 3 of my best and highest limit cards on me as backup, haha. Just having 1 card on you in those situations is rolling the dice for a bad outcome.

Re: X1 Approved - BUT BEWARE

AI_JMV — Thu, 22 Sep 2022 05:39:36 GMT

@Stealth-1 wrote:
@AI_JMV wrote:
Can you imagine trying to use this after a dinner with clients etc? And get declined LOL
If I'm ever in those situations I always make sure to have at least 3 of my best and highest limit cards on me as backup, haha. Just having 1 card on you in those situations is rolling the dice for a bad outcome.

Do you actually think I only have one card? The point is, the damage would be done the second the first one declined. That's just humiliating and I would NEVER risk that happening after this incident.

Re: X1 Approved - BUT BEWARE

AI_JMV — Thu, 22 Sep 2022 05:41:55 GMT

Monitoring for fraud is not the same thing as declining a charge bc they feel like it. I have never experienced such heresy. This card is getting socked. 👎🏼

@DaWhole9 wrote:
Congrats on the approval! Not new for X1...the first few weeks they monitor for fraud. The OP made a first purchase of $3500 the day after approval. Thats a red flag to them. If he used it a few times and then tried $3500 a feew weeks later it would have been appproved. I have been using mine for 6 months...large charges, no issues.

Re: X1 Approved - BUT BEWARE

Stealth-1 — Thu, 22 Sep 2022 07:46:39 GMT

@AI_JMV wrote:
@Stealth-1 wrote:
@AI_JMV wrote:
Can you imagine trying to use this after a dinner with clients etc? And get declined LOL
If I'm ever in those situations I always make sure to have at least 3 of my best and highest limit cards on me as backup, haha. Just having 1 card on you in those situations is rolling the dice for a bad outcome.
Do you actually think I only have one card? The point is, the damage would be done the second the first one declined. That's just humiliating and I would NEVER risk that happening after this incident.

Nope, I don't think that at all and sorry if that was implied. At the end of your post I actually thought your question was for a hypothetical situation as a worst case scenario, and not one you actually experienced 👎. I thought you hadn't received the physical card yet and was declined in a more subtle way. So my post was in response to what I thought was a hypothetical situation...and what I do to prevent. Knowing some cards can be fickle, I use extra precautions and out of those cards, I'd then pick one of them to use to prevent an initial decline. I got your point and agree 100%.

Re: X1 Approved - BUT BEWARE

Limitless-Credit — Fri, 23 Sep 2022 01:25:31 GMT

Congrats on the card approval. Sorry to hear what happened.