The Petal credit card offers no fees, helpful credit-building tools, and simple cashback rewards. It’s designed for people who want to grow their credit score without paying unnecessary costs.
These cards clearly give you a way to manage spending and improve your credit. This article will show you how they work and help you choose the right one.
What Are Petal Credit Cards?
Petal offers credit cards that are focused on building credit with fewer costs. These cards are designed for people with no credit or limited history.
You don’t need a high credit score to apply. Some cards use your bank data instead.
They come with basic rewards and helpful credit tools. The goal is to give you a clean way to grow credit over time.
Overview Of Petal Credit Cards
Petal offers three cards with different fees, cashback options, and approval conditions. You can choose one based on your credit history and spending needs.
Petal 1 Card
Petal 1 is for people starting out or rebuilding their credit. It comes with basic rewards and no annual fee.
$0 Annual Fee
You won’t pay a yearly cost. That helps you focus on payments and not fees. No setup or late fee either. Simple to manage for beginners.
2%–10% Cashback At Select Merchants
You get rewards only at partner merchants. The amount depends on where you spend. No need to track categories. Just shop where cashback applies.
APR: 28.99%–33.99%
The APR is high and can go up to 33.99%. Rates depend on your credit profile. There’s no interest if you pay in full monthly. Otherwise, charges apply.
Good For: Limited Credit History
This card fits if you’re just building credit. You don’t need a strong file. Approval is easier with clean banking data. Helps set your credit foundation.
Petal 1 Rise
This version is for people with very limited credit or weak credit history. It’s easier to qualify but has a fee.
$59 Annual Fee
There’s a yearly fee of $59. That covers access to the card. It’s the only Petal card with a fee. No other major charges apply.
Same Cashback – 2%–10%
Rewards are like the Petal 1 card. You’ll get them at specific stores. Terms vary by merchant. The more you shop, the more you can earn.
Higher Approval Chance For Thin Credit Files
You can apply with little to no score. Bank account history helps the decision. That increases your approval odds. Great for credit starters.
APR: 28.99%–33.99%
Rates are the same as Petal 1. You should pay on time to avoid high interest. Paying in full is best. Otherwise, interest will grow quickly.
Petal 2 Card
This card is for users who want rewards and no fees. It gives cashback on everything with no penalty fees.
No Fees At All – No Late, Annual, Or Foreign Fees
You won’t pay annual, late, or foreign transaction fees. That’s rare in a credit card. You can use it worldwide with no added charges. It’s simple and clean.
Cashback: 1%–1.5% On All Purchases
You start with 1% cashback. This increases to 1.5% with on-time payments. All purchases earn the same rate. No need to track categories.
APR: 28.99%–30.99%
The interest is lower than the Petal 1 cards. It still varies based on your file. To avoid interest, pay your full balance monthly. Otherwise, it adds up.
Best For: Maximizing Rewards Without Fees
If you want simple rewards, this one fits. No fees at all make it easier. You earn steadily and avoid penalties. Good for smart spenders.
Key Features And Benefits
Petal cards share common features that help with credit growth and daily use. Each card includes some version of these.
No Fees
Only Petal 2 has zero fees. No annual fee. No foreign charges. No penalty costs.
No Annual, Late, Or International Transaction Fees
You won’t get hit with hidden charges. Everything is listed clearly. This helps you plan better. Less stress managing the card.
Straightforward Structure
You’ll understand what you pay. No surprise costs. The card is clear and easy to use. Ideal for managing credit simply.
Build Credit Effectively
All Petal cards are built to report monthly. That helps you grow credit history and score.
Monthly Reports To Major Credit Bureaus
Your activity is sent to TransUnion, Experian, and Equifax. That builds your profile. On-time payments help you improve. It works like any regular credit card.
Built-In Path To Credit Limit Increases
You can qualify for a higher limit over time. Petal tracks good usage. They review your account every few months. If approved, your limit grows.
Cashback Rewards
You get cashback across different merchants or on all purchases, depending on your card.
Varies By Card: Flat Or Merchant-Based
Petal 1 cards offer merchant-based rewards. Petal 2 gives a flat rate. Choose based on how and where you spend. Either way, you earn.
Simple Way To Earn On Daily Spending
No rotating categories. Just pay with your card. Cashback adds up over time. Use it for groceries, bills, or gas.
Digital Convenience
All cards are tech-ready for easy access and use.
Add To Mobile Wallet
You can link it to Apple Pay or Google Pay. Makes online and store payments easier. You don’t need to carry the card. Just tap your phone.
Use Tap-To-Pay Contactless Tech
The card has built-in contactless features. Just tap and go. No need to swipe or insert. Safe and quick checkout.
Credit-Building Support
Petal cards help users build credit with simple tools and clear rules. They’re made for people starting out or working to fix their credit.
Who’s It For?
This card is best for people in these situations:
- New to credit and need a starter option
- Rebuilding damaged credit after financial setbacks
- Looking to improve with a low-risk method
How Does Petal Supports You?
Petal gives built-in help to support responsible credit use:
- Tracks payment history to support score growth
- Encourages smart usage by showing spending patterns
- Offers tools to manage credit limits and payments
Boosting Approval Odds
Petal lets you improve your chances of getting approved, even without a credit score. They use real-time bank data to evaluate your application.
Linking Bank Account
You can share your bank account during the application. It gives Petal access to your income and spending habits.
This helps them see your ability to pay. It adds a path for approval beyond credit scores.
Sharing Financial History
Petal checks your real-time financial behavior. Even without a score, they can evaluate if you manage money well.
This method works for people with no credit file. It’s useful for first-time applicants.
Best Shot For Approval
Your bank data matters more than your score in many cases. If you’ve never had a card, that helps a lot.
A solid account history can lead to approval. This gives more people a fair shot at credit.
Interest Rates And Fees Summary
Here’s a quick look at the rates and fees for each Petal card:
- Petal 2 APR: 28.99%–30.99% (variable)
- Petal 1 & 1 Rise APR: 28.99%–33.99% (variable)
- Petal 2: No fees at all
- Petal 1: $0 fee
- Petal 1 Rise: $59 annual fee
Customer Service And Support
For help, just visit Petal’s official website. You can find contact options, support tools, and answers to common questions there.
Quick Summary And Final Thoughts
The Petal Credit Card offers a clear way to build credit with fewer fees. It’s built for users who want to grow credit without risk.
You’ll find options with cashback, no fees, and approval based on real income. Choose based on your needs and use it smartly.
Disclaimer: Rates and terms listed here may change anytime. Always check Petal’s site for the latest information.
