Submitting for a pre-approval is how you find out if you may be eligible for a Petal credit card without impacting your credit score. HSBC Cash Rewards Credit Card Review: 3% Cash Back For a Year; U.S. Bank Cash+™ Visa Signature® Card Review: Pick 5% Cash Back Categories; PayPal Cashback Mastercard® Review: Unlimited 2% Cash Back Credit Card; Get must-read money saving advice in your inbox. If this sounds like something you’re looking to achieve, then it might be worth considering the Petal® Visa® Credit Card. The Petal 2 Visa Credit Card offers cash back on every swipe and a solid credit line for new borrowers. The Petal® 1 No Annual Fee Visa® Credit Card, released in October 2020, helps people with less-than-stellar credit rebuild their credit history. If you're building credit and want more rewards: The Petal® 2 "Cash Back, No Fees" Visa® Credit Card has many of the same perks as its younger sibling. Intro Offer: No current offer. I have had this card for a few months now and my issue not only with it not having a chip and having to go inside to pay for things but after they take the payment out their website tells you that you have an available credit for what you paid to the card but when you use the card it is declined. Learn more. Balance Transfer APR: None. Learn more about this card, read our expert reviews, and apply online at CreditCards.com. Petal does run a "hard" credit check when you formally apply for the Petal® 2 "Cash Back, No Fees" Visa® Credit Card. Petal Visa Credit Card is issued by WebBank, Member FDIC. The Petal 2 Visa card is an excellent starter card for those who have no credit history. The cards have no annual fee, and payments are reported to four credit bureaus—Equifax, Experian, TransUnion, and SageStream—which could help you build positive credit … Petal® 1 "No Annual Fee" Visa® Credit Card. The Petal 1 "No Annual Fee" Visa Credit Card helps you build credit and earn 2% to10% cash back from select merchants. The Petal® 2 "Cash Back, No Fees" Visa® Credit Card also gets kudos for being fee-free and extending credit limits of up to $10,000 to new cardholders, something you won't get with a secured credit card. Home Petal 1 Petal 2 Features About Us Blog Customer Reviews. Petal 2 Visa Credit Card Review. This is a card you can apply for even if you do not have a credit history, or if you have an existing fair to good credit score around 670. Please login or register for free to view your stats, add reviews and card application results, or post comments. Join over 400,000 fellow savers and subscribe to our daily newsletter. Here are more details about this card. If you are looking for a no-frills credit card to help you get started, Petal is the choice for you. Petal® 2 "Cash Back, No Fees" Visa® Credit Card. Updated February 22, 2021 . Rather, cardholders have the opportunity to earn 2% to 10% cash back on purchases from select participating merchants. Petal reports to all three major credit reporting bureaus - Experian, Equifax and TransUnion - to help users build their credit score. On Oct. 1, 2020, Petal also launched the new Petal® 1 No Annual Fee Visa® Credit Card, developed for those with more complicated histories who are interested in building or rebuilding their credit. Hard inquiries can knock points off your credit score. The card is issued by Petal, a fintech firm, in partnership with WebBank. Petal® 1 Visa® Credit Card is a pretty good starter credit card for people with limited or no credit history, too. The original Petal Visa card, marketed to people with thin or no credit histories, has been renamed “Petal 2.” It has a new card design and a lower variable APR range. It's a good backup card or first card when you have little credit history. Sort Reviews By: Mario A Gonzalez. Recommended credit score Excellent (740-799) Rewards Rate: 1% - 1.5%: Cash Back after making 12 on-time monthly payments. The card offers up to 1.5% cash back on all purchases and features no annual fee, no foreign transaction fees, and more. That’s what makes the Petal 2 “Cash Back, No Fees” Visa Credit Card such a great option. https://www.thebalance.com/petal-credit-card-review-4772163 The Petal® 2 “Cash Back, No Fees” Visa® Credit Card is a no-fee credit card that helps you build a credit score with responsible use. Annual Fee: None. Not only can you build credit and earn cash back without dealing with the fees and limitations of other starter cards, but the Petal 2 also offers a unique cash back structure and money-management tools that encourage you to pay on time and build good financial habits in the process. Pre-approval does not guarantee an account approval and you must submit a full application for review in order to apply for any offer(s) of credit. Their new Petal 2 Visa® Credit Card is designed for those with good credit or a limited credit history to enjoy cash back while paying no fees at all. I have the petal card. Disclaimer: This content is not provided by the card issuer. Expert review. See the terms and conditions page of Petal 2 "Cash Back, No Fees" Visa Credit Card for other card features, benefits, fees, and rewards. Opinions, opinions, analyses & suggestions are the writer’s alone, and haven’t been reviewed, endorsed or authorised by any of those entities. Petal Visa Card is aimed at helping people responsibly manage their money and credit. 9 ‘Petal Credit Card’ Reviews. Petal 1 “No Annual Fee” Visa Credit Card Petal 2 “Cash Back, No Fees” Visa Credit Card; Annual fee: $0: $0: APR: 19.99% to 29.49% variable: 12.99% to 26.99% variable: Fees: Late fees: up to $40 . You can earn 1% cash back on eligible purchases right away, and up to 1.5% cash back after making 12 on-time monthly payments. Returned fees: Up to $29: None: Credit limit: $500 – $5,000: $500 – $10,000: Rewards: Up to 10% cash back from select merchants: 1% cash back on all purchases. You may be able to qualify for certain student cards, too. This starter card may be a good choice if you have limited or no credit history; you may be asked to link your bank account so WebBank, the lender that backs the card, can see how you handle your money and decide whether to approve you. Petal also offers up to 10% cash back on purchases from select merchants. Important Rates: Regular APR: 12.99% - 26.99% Variable. Petal has launched a brand-new card today as well as refreshed their existing offering. It still offers a credit limit of $500 to $10,000. The review prepared by CreditCardsCo™ . The Petal 2 Visa Card Is part rewards credit card, part credit score Builder, and part budgeting app all-in-one. For those whose credit score is muddied by past missteps, the Petal® 1 “No Annual Fee” Visa® Credit Card may be able to help. The Petal® 2 Cash Back, No Fees Visa® Card, for example, uses your bank account information to determine whether you qualify. Meanwhile, the original Petal card has been rebranded as the Petal® 2 Cash Back, No Fees Visa® Credit Card, continuing the company’s mission of helping people with no credit or limited credit history establish and build good credit. DannyDealGuru and CardRatings might obtain a fee from card issuers. Petal® 2 "Cash Back, No Fees" Visa® Credit Card Disclosure: All Petal Card holders begin with 1% cash back on all eligible purchases. Credit card reviews and comments are posted by user submission and do not warrant the opinions of Finance Globe. 2% - 10%: Cash Back from select merchants. With that being said, we’ve compiled an in-depth Petal Card review that tells you everything you need to know. Their cash back percentage increases to 1.25% after a total of 6 on-time monthly payments and increases to 1.50% after a total of 12 on-time monthly payments. Opinions expressed therein are solely those of the reviewer. Petal® 2 Cash Back, No Fees Visa® Credit Card vs. Petal® 1 No Annual Fee Visa® Credit Card. Support . Petal Visa Card Review: Advantages This is one of the rare cards that has no fees at all, which is great for people who love simplicity and really hate credit card fees and “gotchas.” Its graduated cash back rewards program is also a sweet incentive to make on-time payments while earning competitive rewards as your credit improves . It also provides free credit score tracking with tools to help you improve your score. Sign-Up Bonus: None; Rewards: Earn between 2% and 10% cash back with select Petal partner merchants; Redeem for a statement credit in any amount or a paper check once your cash back balance hits $20; Intro APR: No introductory APR offer; Regular APR: 19.99% to 29.49% variable; Fees: $0 foreign transaction fee, Late and returned payment fees may apply Then there’s the Self Secured Visa® Credit Card — it doesn’t require a credit check, but you have to be a Self Credit Builder Account customer to qualify. It does not give rewards for every purchase you make, however. DannyDealGuru has partnered with CardRatings for our protection of bank card merchandise. Rates may vary among applicants, however the lowest standard APR is 12.99%* and may be as high as 26.99%* (Variable)*, depending on your credit worthiness*. Cardholders can also earn some cash-back rewards by shopping at partner merchants. Petal cards are unsecured—meaning they don't required a security deposit—and credit lines range from $500 to several thousand dollars. The Petal® 2 "Cash Back, No Fees" Visa® Credit Card is available to consumers with no credit history or a limited credit history, so you don't need any specific credit score to get it. The Petal 2 Visa® Credit Card is a decent option for those looking to raise their credit score but don’t want to pay fees. It was the second card I got a few months after I got the discover secured. And it provides a budgeting app to plan how you’re going to spend your money each month. The Petal Visa Credit Card is now known as the Petal® 2 "Cash Back, No Fees" Visa® Credit Card. Petal® 2 "Cash Back, No Fees" Visa® Credit Card Quick Summary: This card is intended for consumers, or "personal use" with a limited or short credit history. Unlike secured credit cards, the Petal 1 Visa doesn’t require a deposit to back up the credit limit. 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