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A New Credit Card Arrives—With a Silicon Valley Twist


When Deepak Rao founded his first startup, in 2011, he put all of his business expenses on two personal credit cards, with a combined credit limit of about $3,000. “They were totally maxed out all the time,” he says. “To this date, my credit score has never recovered.” Even after four years of working at Twitter with a product manager’s salary, Rao still couldn’t qualify for credit cards with the kinds of perks he wanted: ones that paid for vacations or gave him points at the places he liked to shop.With his second startup, Rao is trying to solve that problem. The X1, a new credit card, is designed for people who want premium perks—with or without premium credit scores. …

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