topic Re: X1 Credit Line Increase in Credit Card Applications

X1 Credit Line Increase

addision — Thu, 16 Dec 2021 01:12:10 GMT

I know this is a new card. But some people have had it for about a year now I think.

Are there any data points on credit line increases yet?

Re: X1 Credit Line Increase

4sallypat — Thu, 16 Dec 2021 15:17:06 GMT

X1 claims they auto CLI based on your income since they have a bank link to you....

If you ask for one, will it be a HP ?

I have had mine for 3 months so will have to wait....

Re: X1 Credit Line Increase

805orbust — Thu, 16 Dec 2021 23:32:48 GMT

Niiice. Let's start cracking THIS code!!! I love this place!

Re: X1 Credit Line Increase

addision — Sat, 25 Dec 2021 08:33:25 GMT

Hmm. I disconnected their bank link immediately afterwards through the Plaid website and changed my log on password so I wonder how that will work going forward?

I may need to ask in the future and let them reconnect after there are some more data points out there.

Re: X1 Credit Line Increase

Caribsa89 — Sun, 26 Dec 2021 21:55:19 GMT

@addision wrote:
Hmm. I disconnected their bank link immediately afterwards through the Plaid website and changed my log on password so I wonder how that will work going forward?

I may need to ask in the future and let them reconnect after there are some more data points out there.

That is my plan also. I plan to unlink my account and change the password.

Re: X1 Credit Line Increase

practical1 — Tue, 28 Dec 2021 00:30:46 GMT

As soon as we can accumulate some further DPs on how and under whar circumstances CLIs can be requested (and of course, whether they trigger HPs, SPs, etc.), we can all strategize appropriately. I was a bit disappointed in the SL offered to me by X1 ....but am not willing to "rock the boat," until more is known about how this will all play out.

Prefer not to be surprised, blindsided or dissapointed, when the time comes. This community is absolutely the right place to gain insight into these kinds of decisions. Please, everyone, keep contributing your data!

Re: X1 Credit Line Increase

Anonymous — Wed, 02 Mar 2022 15:28:34 GMT

I got approved for X1 credit credit today morning with low CL. Even I'm waiting to request CLI after couple statements.

Re: X1 Credit Line Increase

CYBERSAM — Wed, 02 Mar 2022 18:19:50 GMT

Can anyone confirm that X1 is actually reporting to any credit bureaus before we can get CLI?

Re: X1 Credit Line Increase

Wavester64 — Wed, 02 Mar 2022 19:28:00 GMT

@CYBERSAM wrote:
Can anyone confirm that X1 is actually reporting to any credit bureaus before we can get CLI?

I know I was approved 2-10-22 and it's still not reporting.

Re: X1 Credit Line Increase

lilwayneross — Sat, 28 May 2022 03:24:50 GMT

I will be following this post. I'm curious as well. I will do some digging. I just received my card not long ago. I got 3. One for myself. One for my 19 year old college son. And another for my 20 year old college son. Credit limits were pretty signficant. $22.5k, $19.5k, and $10.5k respectively. But we have a high income with weekly pay going into our accounts we linked.

Re: X1 Credit Line Increase

CYBERSAM — Sat, 28 May 2022 03:45:09 GMT

@lilwayneross wrote:
I will be following this post. I'm curious as well. I will do some digging. I just received my card not long ago. I got 3. One for myself. One for my 19 year old college son. And another for my 20 year old college son. Credit limits were pretty significant. $22.5k, $19.5k, and $10.5k respectively. But we have a high income with weekly pay going into our accounts we linked.

Its not reporting for me yet but others that I have referred showing report already! Go figure lol

Base on their terms of service any CLI request would be HP.

Re: X1 Credit Line Increase

RootDet — Sat, 28 May 2022 03:54:02 GMT

I texted them the other day and no dice. automated cli only.

Re: X1 Credit Line Increase

bilwilvegas — Sat, 28 May 2022 22:02:08 GMT

I was initially approved on 1/5/2022 with a SL of $29,000 I was hoping for higher so after thinking about it for a couple weeks I texted them on 1/21/2022 and explained my usual spending habits and that I was hoping for a higher limit. They got back to me about 3 days later and increased my limit to $40,000 I have had fairly consistent spend on the card and I pay in full daily for whatever balance shows up in the app each day.

January charges totaled $21K

February charges totaled $66.7K

March charges totaled $55.5K

April charges totaled $41.6

May statement should be out in the next couple days.

I reached out about 2 weeks ago via text and asked about another CLI and they told me that increases will only be automated for the time being but they will monitor my account and adjust as necessary. I am wondering if I should let the balance accrue and report then pay in full each month to see if that might get them to increase the limit.

Definitely love the points though. I am at 686,769 year to date and looking forward to spending them on some airfare. I think it will let them to accrue to 1 million before spending them just to see if the app is programed to show 7 digits of points or not LOL

PS So far Experian is the only bureau reporting the X1 card for me.

Re: X1 Credit Line Increase

Metalcards — Sun, 29 May 2022 23:55:11 GMT

@bilwilvegas wrote:
I was initially approved on 1/5/2022 with a SL of $29,000 I was hoping for higher so after thinking about it for a couple weeks I texted them on 1/21/2022 and explained my usual spending habits and that I was hoping for a higher limit. They got back to me about 3 days later and increased my limit to $40,000 I have had fairly consistent spend on the card and I pay in full daily for whatever balance shows up in the app each day.
January charges totaled $21K
February charges totaled $66.7K
March charges totaled $55.5K
April charges totaled $41.6
May statement should be out in the next couple days.

I reached out about 2 weeks ago via text and asked about another CLI and they told me that increases will only be automated for the time being but they will monitor my account and adjust as necessary. I am wondering if I should let the balance accrue and report then pay in full each month to see if that might get them to increase the limit.

Definitely love the points though. I am at 686,769 year to date and looking forward to spending them on some airfare. I think it will let them to accrue to 1 million before spending them just to see if the app is programed to show 7 digits of points or not LOL

PS So far Experian is the only bureau reporting the X1 card for me.

Mine is also reporting on EX only.

Re: X1 Credit Line Increase

practical1 — Mon, 30 May 2022 13:57:01 GMT

@lilwayneross

Noticed that you were able to get an X1 for your son in college.

Great idea! How much income did you state and how were you able to verify that? How much $$$ were on deposit in the bank when the application was submitted? FICO score? Etc?

I'd love to get my daughter her own card with a decent limit as I've been helping her build her own credit file for a couple of years now so she'll have a solid foundation for when she graduates. She's been an authorized user on some of my cards and has a couple of starter Discover Cards, etc. -- with small $1K limits, while useful, they don't really do a lot for her....

Any help and information would be appreciated!

Thanks.

Re: X1 Credit Line Increase

12njoy — Sun, 19 Jun 2022 04:56:38 GMT

Mine is reporting on EX and TU only.

Re: X1 Credit Line Increase

engr892 — Sat, 25 Jun 2022 15:06:08 GMT

@CYBERSAM X1 has recently reported to all 3 as of last month after 2 months of opening

Re: X1 Credit Line Increase

CYBERSAM — Mon, 27 Jun 2022 16:40:12 GMT

@engr892 wrote:
@CYBERSAM X1 has recently reported to all 3 as of last month after 2 months of opening

TU started reporting for me!

Good to see X1 is going to report on all 3, many other cards that came out with similar concept are not planning to report at all!

Re: X1 Credit Line Increase

practical1 — Sun, 03 Jul 2022 20:45:28 GMT

Mine started reporting on EX ond TU as well, right at the 6-month mark.