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One thing to note is that X1 points have fairly limited redemption options [1]. There are several cards that offer no annual fee + straight 2% cash back, like
by junar 4y ago
One thing to note is that X1 points have fairly limited redemption options [1].
There are several cards that offer no annual fee + straight 2% cash back, like PayPal Mastercard, Citi Double Cash, Wells Fargo Active Cash, etc. Also, they tend to have better sign up bonuses ($100-$200) compared to just a few more points.
[1] https://frequentmiler.com/x1-card-too-good-to-be-true-heres-how-theyll-do-it/ https://frequentmiler.com/x1-card-too-good-to-be-true-heres-...
- jldugger 4y agoThat citation is from 2020, and https://x1creditcard.com/legal/program-terms#x1-card-rewards-program-rules https://x1creditcard.com/legal/program-terms#x1-card-rewards... indicates you can redeem points 1point:1cent as statement credits. And of course reddit points out they have cut that down to 0.7 cents
- junar 4y agoSo I'll bet that cash back was always a lower rate. Their terms are rather evasively written, but my reading is that they have two different redemption categories, both called "statement credit": 1) "eligible Rewards Partner transaction" statement credit 2) general "Cash Back Statement Credit" From the link you provided, they tell you that 2) can be a lower rate, but they don't tell you what that lower rate is. But I did see the recent reddit discussion saying that it's 0.7 points.