Petal® 2 "Cash Back, No Fees" Visa® Credit Card

Petal® 2 "Cash Back, No Fees" Visa® Credit Card Review

This is a credit card issued by WebBank, Member FDIC. If you're wondering whether this Petal card is the right card for you, read on. This review will provide you with with all the details you need to make a good choice.

• 2% - 10% cash back at select merchants
• Build credit alongside hundreds of thousands of Petal Card members.
• Competitive APRs. Petal® 2 "Cash Back, No Fees" Visa® Credit Card has a variable purchase APR that ranges from 15.24% up to 29.24%.
• 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.
• No foreign transaction fee. This card does not charge a fee when you make a purchase that passes through a foreign bank, or is in a currency other than the U.S. dollar (USD), which makes it a great credit card to carry when traveling abroad.
• Fair or better credit required. You may have relatively good approval odds if your credit score is above 600.

The Good

The Bad

Petal's mobile app makes it easy to manage your money, track your spending and automate payments. No fees whatsoever. No late fee, foreign transaction fee, annual fee, or any-other-kind-of-fee, fee. Up to 1.5% cash back on eligible purchases after making 12 on-time payments. Potentially lower than average purchase APRs. No annual fee. Considers applicants who don't have a credit history. No foreign transaction fee. Petal® 2 "Cash Back, No Fees" Visa® Credit 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% on most everyday purchases. Terms apply*. You don't earn rewards on every purchase. Does not include many credit card benefits.

Does Petal card have a cash back or rewards program?

No, it does not offer a rewards program.

What are the relevant APRs for Petal card?

According to the Federal Reserve Board, the average regular APR is 15% for all credit cards and 17% for accounts that carry a balance. It has lower than average regular APRs.

It has a variable purchase APR that ranges from 15.24% up to 29.24%.

What are the fees for Petal card?

The following fees apply:

Petal card Fees

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

This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost card.

Does Petal® 2 "Cash Back, No Fees" Visa® Credit Card report your account activity to credit bureaus?

Yes, Petal® 2 "Cash Back, No Fees" Visa® Credit Card reports your account activity to the following credit reporting agencies:

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

How to apply for Petal card

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