About Petal
Petal offers credit cards that help you build or rebuild credit, even without a traditional credit score. Using your banking history, Petal provides fair access to credit with rewards, no hidden fees, and tools to grow your financial future.
FAQ
Petal uses a CashScore, which considers your banking history such as savings and spending data, to determine eligibility. This allows more people to qualify for credit, even if they are new to credit or have had past missteps.
Petal 1 and Petal 1 Rise cards may have certain fees. Petal 1 Rise has an annual fee of $59, and Petal 1 family cardmembers may be assessed late payment fees up to $40 if incurred. Petal 2 has no fees of any kind.
With the Leap program, you can earn a credit line increase in 6 months by making qualifying on-time payments. Terms apply.
Submitting a pre-approval request does not impact your credit score. You must submit a full application for review to apply for any offer(s) of credit.
Petal makes money primarily from interest on unpaid balances, merchant interchange fees, and certain card fees. Interest is incurred if the full statement balance is not paid on time.
Petal 2 offers 1% to 1.5% cash back on everyday purchases. Petal 1 and Petal 1 Rise offer 1% to 10% cash back at select merchants, with offers varying throughout the year and personalized to the user.
Petal allows eligible applicants to link their bank account quickly and securely during the application process. This data is used to assess cash flow and increase the likelihood of approval.
Yes, Petal cards are equipped with contactless payment technology, allowing you to tap and go for fast and secure checkouts.
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