Author Topic: New credit card X1 card  (Read 432 times)

Offline justmeha

  • Dansdeals Platinum Elite + Lifetime Gold Elite
  • ******
  • Join Date: Feb 2019
  • Posts: 910
  • Total likes: 88
  • DansDeals.com Hat Tips 1
    • View Profile
New credit card X1 card
« on: September 17, 2020, 01:15:47 PM »
the X1 card

Seems like it may have some potential.

  • 2x everywhere
  • 3x after spending $15,000 a year
  • 4x for a month with a referral

Did not give a thorough look, so there may be more opportunities etc

Offline justmeha

  • Dansdeals Platinum Elite + Lifetime Gold Elite
  • ******
  • Join Date: Feb 2019
  • Posts: 910
  • Total likes: 88
  • DansDeals.com Hat Tips 1
    • View Profile
Re: New credit card X1 card
« Reply #1 on: September 17, 2020, 01:17:59 PM »
Points seem to be worth one cent, to be used at some 40 brands

Offline Samb

  • Dansdeals Gold Elite
  • ***
  • Join Date: Jul 2020
  • Posts: 165
  • Total likes: 16
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: Next to coffee
Re: New credit card X1 card
« Reply #2 on: September 20, 2020, 10:20:25 PM »
Points seem to be worth one cent, to be used at some 40 brands
I signed up to waiting list. Definitely seems like a game changer

Offline moe8555

  • Dansdeals Platinum Elite + Lifetime Gold Elite
  • ******
  • Join Date: Apr 2014
  • Posts: 949
  • Total likes: 36
  • DansDeals.com Hat Tips 6
  • Gender: Male
    • View Profile
  • Location: Israel
  • Programs: Virgin Atlantic Gold, Etihad Silver, IHG Platinum, Hilton Diamond, Marriott Gold, Hertz 5 Star
Re: New credit card X1 card
« Reply #3 on: September 21, 2020, 03:25:12 AM »
I signed up to waiting list. Definitely seems like a game changer

How do you figure?

Offline Samb

  • Dansdeals Gold Elite
  • ***
  • Join Date: Jul 2020
  • Posts: 165
  • Total likes: 16
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: Next to coffee
Re: New credit card X1 card
« Reply #4 on: September 21, 2020, 08:56:17 AM »
How do you figure?

You will be earning 3% on all purchases if you spend $15k a year. Plus as per RunningWithMiles who spoke to the CEO redemption rates will go up by certain merchants to 2 cents per mile giving you 6% cash back (in form of gift card) on all purchases!

Offline moe8555

  • Dansdeals Platinum Elite + Lifetime Gold Elite
  • ******
  • Join Date: Apr 2014
  • Posts: 949
  • Total likes: 36
  • DansDeals.com Hat Tips 6
  • Gender: Male
    • View Profile
  • Location: Israel
  • Programs: Virgin Atlantic Gold, Etihad Silver, IHG Platinum, Hilton Diamond, Marriott Gold, Hertz 5 Star
Re: New credit card X1 card
« Reply #5 on: September 21, 2020, 12:06:03 PM »
Gift cards and purchase erasing for a select group of merchants is not what I'd call "game changing."

For many of those merchants, you can also buy gift cards at a discount, further diluting the rewards value...

Offline Dan

  • Administrator
  • Dansdeals Lifetime 50K Presidential Platinum Elite
  • **********
  • Join Date: May 2008
  • Posts: 57744
  • Total likes: 5341
  • DansDeals.com Hat Tips 16442
  • Gender: Male
    • View Profile
  • Location: CLE
  • Programs: UA Global Services, AA Lifetime Plat, DL Dirt, SPG Plat, Hyatt Diamond, Fairmont Lifetime Plat, Hilton Diamond, Priority Club Plat, Avis Chairman, National EE, Hertz PC
Re: New credit card X1 card
« Reply #6 on: September 21, 2020, 12:50:57 PM »
Gift cards and purchase erasing for a select group of merchants is not what I'd call "game changing."

For many of those merchants, you can also buy gift cards at a discount, further diluting the rewards value...
And for airfare, you also lose protections when paying with a GC.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline Dan

  • Administrator
  • Dansdeals Lifetime 50K Presidential Platinum Elite
  • **********
  • Join Date: May 2008
  • Posts: 57744
  • Total likes: 5341
  • DansDeals.com Hat Tips 16442
  • Gender: Male
    • View Profile
  • Location: CLE
  • Programs: UA Global Services, AA Lifetime Plat, DL Dirt, SPG Plat, Hyatt Diamond, Fairmont Lifetime Plat, Hilton Diamond, Priority Club Plat, Avis Chairman, National EE, Hertz PC
Re: New credit card X1 card
« Reply #7 on: September 21, 2020, 12:51:58 PM »
certain merchants to 2 cents per mile giving you 6% cash back (in form of gift card) on all purchases!
Probably restaurant.com and nonsense GCs. No way the model is sustainable with Amazon GCs.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline Samb

  • Dansdeals Gold Elite
  • ***
  • Join Date: Jul 2020
  • Posts: 165
  • Total likes: 16
  • DansDeals.com Hat Tips 0
    • View Profile
  • Location: Next to coffee
Re: New credit card X1 card
« Reply #8 on: September 22, 2020, 01:42:43 PM »
For many of those merchants, you can also buy gift cards at a discount, further diluting the rewards value...
Correct but even if you cut the value by 20% you still get  4.80% on all purchases. And in order to stay with protections, I would probably just sell the gift card at a 70% -80% value. But I believe Dan is right, the 2% value will only be on crapy gift cards so this strategy most probably will not work. But I will wait and see.