topic Re: X1 CLD in Credit Cards

X1 CLD

KK44 — Tue, 18 Oct 2022 21:38:36 GMT

X1 line was cut from the 30's to the teens just now received notification. Email said "To be considered for a line increase, please increase your regular spend and continue making on-time payments."

Ran about $3k/month through this card. Mostly recurring charges. Always PIF before statement cut.

Guess they want more charging to maintain the big CL's!

Re: X1 CLD

ccquest — Tue, 18 Oct 2022 21:43:06 GMT

How long have you had yours? I don't run that much through my card either but have only had it since January.

Re: X1 CLD

KK44 — Tue, 18 Oct 2022 21:48:30 GMT

@ccquest wrote:
How long have you had yours? I don't run that much through my card either but have only had it since January.

Since December.

Re: X1 CLD

M_Smart007 — Tue, 18 Oct 2022 21:50:45 GMT

Sorry for your CLD, now we know the "catch 22" to this card.

@Jnbmom, The odd's probably worked ever in your favor

Re: X1 CLD

CYBERSAM — Tue, 18 Oct 2022 22:03:24 GMT

Ouch! That is horrible

Re: X1 CLD

KK44 — Tue, 18 Oct 2022 22:04:11 GMT

@M_Smart007 wrote:
Sorry for your CLD, now we know the "catch 22" to this card.

@Jnbmom, The odd's probably worked ever in your favor

Can't say I really care. It was never my biggest line, and really only use the card for its multiple virtual card feature with recurrent charges. The rewards point structure is just OK so was never putting any large charges on it anyway.

Re: X1 CLD

Creditplz — Tue, 18 Oct 2022 22:05:02 GMT

A friend of mine that I sent a invite code to X1 just sent me his CLD hahaha all his Ficos are over 800, income 250k his CL before was 27,500

Re: X1 CLD

CreditCuriosity — Tue, 18 Oct 2022 23:15:03 GMT

Sounds like they are running out of seed money and need to free up some for reserves and possibly hoping for some new customers that pay interest. Sorry about your CLD along with other likely to come.

Re: X1 CLD

Guyatthebeach — Tue, 18 Oct 2022 23:50:35 GMT

I just checked mine. My CL is stil $26,500. I put a couple of thousand on it and PIF the day the statement cuts. I've already decided if they do a CLD on me, I'll just close it. I have 52 other better cards to use.

Just my opinion.

Guyathebeach

Re: X1 CLD

cashorcharge — Wed, 19 Oct 2022 00:06:22 GMT

@KK44 wrote:
X1 line was cut from the 30's to the teens just now received notification. Email said "To be considered for a line increase, please increase your regular spend and continue making on-time payments."

Ran about $3k/month through this card. Mostly recurring charges. Always PIF before statement cut.
Guess they want more charging to maintain the big CL's!

Ouch!!! Sorry to hear that...

Re: X1 CLD

M_Smart007 — Wed, 19 Oct 2022 00:46:10 GMT

@Guyatthebeach wrote:
I have 52 other better cards to use.

@Guyatthebeach, At least you'd still be playing with a full deck

Re: X1 CLD

Creditplz — Wed, 19 Oct 2022 02:47:29 GMT

That start up $$ is probably drying up in this current market.. they right away closed my account with a 25k limit after I used their 5x? Apple Pay promo on the full 25k looool

I mean, I had Final Visa (absolutely loved it), Blispay etc... but this card, I actually don't like it..

Re: X1 CLD

CoolHandSean — Wed, 19 Oct 2022 03:35:27 GMT

Wow! Thanks for the heads up as I'm sure this will happen to me as well eventually. Not really going to use this card for anything other than a couple of purchases here and there to keep up appearances lol

Re: X1 CLD

babygirl1256 — Wed, 19 Oct 2022 03:40:58 GMT

Interesting, I will certainly watch that on my X1 Card.

Re: X1 CLD

UncleB — Wed, 19 Oct 2022 04:08:27 GMT

@Creditplz wrote:
That start up $$ is probably drying up in this current market.. they right away closed my account with a 25k limit after I used their 5x? Apple Pay promo on the full 25k looool

I mean, I had Final Visa (absolutely loved it), Blispay etc... but this card, I actually don't like it..

I also had Blispay. While it was a great product (obviously too great for its own good) that experience is part of what kept me from applying with X1.

I'm not saying 'never again' when it comes to FinTech but I guess enough time hasn't passed by, LOL.

Re: X1 CLD

RASULL12 — Wed, 19 Oct 2022 07:50:26 GMT

My account got a cld also. I went from $28,500 to $11,000. Same reason was given. I have only put about $1300 on this card in the 6 months I've had the card.

Re: X1 CLD

gdale6 — Thu, 20 Oct 2022 00:13:54 GMT

@CreditCuriosity wrote:
Sounds like they are running out of seed money and need to free up some for reserves and possibly hoping for some new customers that pay interest. Sorry about your CLD along with other likely to come.

Bingo, and this is the reason I wont ever go for such a card until its proven itself with staying power.

Re: X1 CLD

WasteMgmt — Thu, 20 Oct 2022 00:20:08 GMT

Very interesting. I have a few friends who I recommended grab the card just for the high limits. Now I kind of regret it if they slash limits for average spenders. Thanks for sharing.

Re: X1 CLD

MT64 — Thu, 20 Oct 2022 15:25:50 GMT

Well that's certainly discouraging. What's the point of boasting about 3-5X SL if they're only going to slash it in half almost immediately after opening...

Re: X1 CLD

lgtwriter — Thu, 20 Oct 2022 18:05:01 GMT

They haven't cut my 29k limit yet. I have only put $1500 or so on the card since I got it late last fall. FNBO cut me from 15k to 500 last month for not using the Getaway card, so I won't be surprised if this card's limit gets cut. I am watching my Aspiration card carefully for similar cuts. My era of getting a momentary thrill of getting large lines and then never using those lines is over lol