Petal Cash Back Visa Card Review

Petal Cash Back Visa Card is a cashback credit card issued by WebBank. If you're wondering whether Petal Cash Back Visa Card is the right card for you, read on. This is everything you need to know to make a good choice.

• Earn 1.5% cash back on everyday purchases. This is higher than the average reward rate (1% cash back) for everyday purchases.
• Competitive APRs. Petal Cash Back Visa Card has a variable purchase APR of up to 25.74%.
• No annual fee. This is a great option for people looking for a low-maintenance card. It gives you the benefits of a credit card, but you don't have to pay an annual fee for the privilege.
• $0 foreign transaction fee. This card does not charge foreign transaction fees, which makes a great credit card to carry with you when traveling abroad.
• Fair or better credit required. You stand a chance of qualifying if your credit score is not below 600.

The Good

The Bad

No credit history necessary for approval. $500 - $10,000 credit limits Petal's mobile app makes it easy to manage your money, track your spending and automate payments. No fees whatsoever. No late fee, international fee, annual fee, or any-other-kind-of-fee, fee. Up to 1.5% cash back after making 12 on-time payments. Lower than average purchase APRs. No annual fee. Credit history not required. Considers applicants with fair or poor credit. No foreign transaction fee. Earn rewards on every purchase. Petal Cash Back Visa Card reports to multiple credit bureaus.

No balance transfers Does not offer a signup bonus. Does not offer rewards or cash back. Rewards bonus rate of only 1.5%. Does not include many credit card rewards.

Is there a Petal Cash Back Visa Card cash back or rewards program?

No, Petal Cash Back Visa Card does not offer a rewards program. Petal Cash Back Visa Card is a cashback card. This means you earn a percentage of your purchase as a cash reward. With Petal Cash Back Visa Card you receive 1% cash back on every purchase. For example, if you buy a $1,000 laptop, you will receive $10 back in cash. However, you can earn up to 1.5% for purchases in a bonus category.

What are the relevant APRs for Petal Cash Back Visa Card?

According to the Federal Reserve Board, the average interest rate is 15% for all credit cards and 17% for accounts that carry a balance. Petal Cash Back Visa Card has lower than average purchase APRs.

Petal Cash Back Visa Card has a variable purchase APR that ranges from 14.74% up to 25.74%.

What are the Petal Cash Back Visa Card fees?

The following fees apply to Petal Cash Back Visa Card:

• There is no overlimit fee

Petal Cash Back Visa Card Fees

Fees	Amount
Annual Fee	up to $0
Overlimit Fee	$0
Foreign Transaction Fee	0%
Returned Payment Fee	$0
Late Payment Fee	$0

Does Petal Cash Back Visa Card report your account activity to credit bureaus?

Petal Cash Back Visa Card reports your account activity to the following credit reporting agencies:

• Equifax
• Experian
• Transunion

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.

How to apply for Petal Cash Back Visa Card

• Visit the Petal Cash Back Visa Card website.
• Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
• Check the information is accurate and submit your application.
• If you're denied click here to find out why your application may have been rejected and what you can do about it.

If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.