Who owns the X1 credit card? (2024)

Who owns the X1 credit card?

Robinhood has acquired the company behind the X1 credit card.

What bank owns X1 credit card?

The Card is issued by Coastal Community Bank, Member FDIC, pursuant to a license from Visa U.S.A. Inc. Coastal Community Bank is the creditor and Card issuer.

Who backs X1 credit card?

X1, which offers an income-based credit card with rewards, raised a total of $62 million in venture-backed funding from investors like Soma Capital, FPV, Craft Ventures and Spark Capital since its 2020 inception.

Who bought X1?

Update: On July 3, 2023, Robinhood Markets, Inc. closed its acquisition of X1 Inc.

Is X1 owned by Robinhood?

"As X1 Card is now part of Robinhood, your X1 Card account will soon be listed as Robinhood on your credit reports. There are no immediate changes to your account, and everything will continue as normal for now.

Is X1 a real credit card?

The $0-annual-fee X1 Card is a rewards-earning credit card that lowers many of the traditional barriers to credit access. It's possible to find out whether you're approved with no impact on your credit scores, and those with less-than-ideal credit histories may still qualify.

What is the highest limit on X1 credit card?

The starting credit limit for the X1 Credit Card can be anywhere between $9,500 and $43,500, according to cardholder reports. There is no specific starting credit limit for the X1 Credit Card included in the card's terms, but X1 says the average credit limit is $24,300.

Is X1 Card good?

To break it down further, X1 Credit Card earned a score of 2.9/5 for Fees, 3.4/5 for Rewards, 4.9/5 for Cost, and 2.7/5 for User Reviews. Info about the X1 Credit Card has been collected by WalletHub to help consumers better compare cards.

Is X1 Card a visa or Mastercard?

The X1 Visa Card has a 20.24% to 29.99% variable APR on purchases and balance transfers. There's a balance transfer fee of 2% of the amount of each transfer. There is no penalty APR or minimum interest payment associated with the card.

What is the #1 credit card to have?

Best credit cards of 2024 compared
Card nameBest forMinimum credit required
Chase Freedom Unlimited®Cash backExcellent, Good
Blue Cash Preferred® Card from American ExpressGroceriesGood, Excellent
Costco Anywhere Visa® Card by CitiGasExcellent
Capital One SavorOne Cash Rewards Credit CardEntertainmentExcellent, Good
12 more rows

Is X1 big?

BMW X1 dimensions

In keeping with the slightly sporty BMW badge, the X1 is a few centimetres lower than the Range Rover Evoque and Volvo XC40, but there's not much in it, and certainly not enough to compromise the space inside - this is a roomy car for its size, even when you want to squeeze five people into it.

Where is the X1 made?

The BMW X1 is BMW's smallest Sports Activity Vehicle – and became the first fully-electric model produced at the BMW Group location in Regensburg in November 2022. “The BMW iX1 is proof that we can build highly attractive electric vehicles for the premium compact class at our plant in Regensburg.

Who are X1?

X1 is a leading UK-based development company with a global reputation for ambitious, high quality residential and student developments. Our projects are primarily concentrated in high growth city centres, with flagship developments in Manchester, Liverpool, Leeds and Kent.

Did Robinhood buy X1 credit card?

Key Takeaways. Robinhood agreed to buy X1 for $95 million. X1 is a trading platform that offers no-fee credit cards and rewards on purchases. The move could help Robinhood diversify its revenue stream after reporting a decline in users and trading revenue.

Who is Robinhood owned by?

Who owns the Robinhood company? Institutional investors own 31.9% of Robinhood's stock, with retail investors holding 25.2%, private equity firms 21%, individual investors 15%, and private companies accounting for 6.4%, according to Simply Wall Street.

Who owns Robinhood company?

Robinhood was founded in April 2013 by Vladimir Tenev and Baiju Bhatt, who had previously built high-frequency trading platforms for financial institutions in New York City. The company's name comes from its mission to "provide everyone with access to the financial markets, not just the wealthy".

Where is X1 Card located?

It primarily serves the credit card industry. The company was founded in 2017 and is based in San Francisco, California.

Is it hard to get a X1 Card?

The X1 Card terms and conditions don't mention a minimum credit score to apply (like every credit card). That said, it's still best to apply with a score of 670 or higher, a clean credit history, and minimal hard credit inquiries from the past 24 months.

How heavy is the X1 credit card?

The X1 Card is a new rewards credit card made of 17 grams of stainless steel and offers the best combination of benefits among metal credit cards.

Is there an annual fee for X1?

X1+ card details

If you're used to the original X1 Card's lack of an annual fee, though, note the X1+ charges a $75 annual fee.

How many credit cards should I own?

It's generally recommended that you have two to three credit card accounts at a time, in addition to other types of credit. Remember that your total available credit and your debt to credit ratio can impact your credit scores. If you have more than three credit cards, it may be hard to keep track of monthly payments.

What is the highest credit card limit in the world?

On our list, the card with the highest reported limit is the Chase Sapphire Preferred® Card, which some say offers a $100,000 limit. We've also seen an advertised maximum credit limit of $100,000 on the First Tech Odyssey Rewards™ World Elite Mastercard®, a credit union rewards card.

What is the difference between X1 and X1 Plus cards?

The X1+ will utilize the same rewards program and smart technology as the X1 Card. But the X1+ features enhanced travel insurance, lounge access when your flight is delayed and expanded redemption options to go along with a $75 annual fee.

Is X1 credit card a soft pull?

Be aware that although X1 does a soft pull when you apply, if you're approved for the card and you accept your terms, the company will report the newly created account to the credit bureaus. This process is similar to how the Apple Card* and many buy now, pay later companies underwrite.

What is the X1 credit card made of?

The X1 card is made with 17 grams of sleek stainless steel. AFAR partners with CreditCards.com and may receive a commission from card issuers.

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