The Petal credit card with no fees is designed for people who want to build credit without paying unnecessary fees. This article breaks down the key features of Petal 1, Petal 1 Rise, and Petal 2.
You’ll learn how each card works, who it’s for, and what benefits it offers. Use this guide to find the right option for your credit goals.
What Is Petal and Who Can Use It?
Petal is a credit card provider focused on helping people build or rebuild credit. It’s designed for those with limited or no credit history.
Petal uses bank data to assess if you’re eligible. That means it doesn’t rely only on your credit score.
It’s a good choice if you’re just starting out financially. Petal offers three different cards with varying benefits and fees.
Quick Look at the Petal Cards
Petal offers three cards for different needs. Here’s how they compare by fees, rewards, and rates.
Petal 2 – No Fees, Simple Rewards
This card has no fees at all, including late or annual fees. It’s good if you want to avoid extra costs. You still get rewards on your spending. Best for those with decent credit or strong bank data.
Cash Back: 1%–1.5%
You start with 1% back on everything you buy. It goes up to 1.25%, then 1.5% with on-time payments. No need to track categories. Rewards apply to everyday spending.
APR: 28.99% – 30.99%
The rate depends on your credit. It may change over time since it’s variable. Pay in full to avoid interest. This is what you pay if you carry a balance.
Petal 1 – Good for First-Time Users
This card is a basic choice for those new to credit. It has no annual fee. Rewards are limited to select places. It’s a good starting point.
Cash Back: 2%–10% at Partner Stores
You earn cash back at listed partner merchants. Offers may change by location. The app shows where to shop. No rewards outside partner stores.
APR: 28.99% – 33.99%
This is a higher range. It fits people with low or no credit history. Try not to carry a balance. The APR may change.
Petal 1 Rise – For Low or No Credit
This is Petal’s card for rebuilding credit. It has a $59 yearly fee. Easier to qualify for than the others. No security deposit required.
Cash Back: 2%–10% at Partner Stores
Same reward setup as Petal 1. Check the app for current offers. Some stores are local, some national. No rewards outside partner stores.
APR: 28.99% – 33.99%
This is one of the highest ranges. It reflects more credit risk. Always try to pay in full. APR is variable.
Who Should Get a Petal Card?
Petal is built for people who need to build or fix their credit. It also helps those starting fresh. Approval depends on more than just your score. Income and bank habits matter too.
If You Have No Credit or Low Credit
You don’t need a strong credit file. Petal looks at income and spending habits. This helps many people get approved. It’s more flexible than most cards.
If You’re Young or New to Credit
Petal is simple to use. It’s a safe way to start. No fees mean less risk. You still earn small rewards.
If You’re New in the U.S.
Great for immigrants or students. You may not have a U.S. credit score yet. Petal accepts other financial data. Some cases don’t require a Social Security number.
If You Want to Build and Earn at the Same Time
Each card offers cash back. You don’t need to track spending types. Rewards are automatic. It’s a clean way to build credit while spending.
How They Approve You?
These cards don’t follow the usual approval process. Instead, they use more flexible data to decide.
- Uses bank data to check if you qualify.
- You can link a bank account to boost approval chances.
- No need for a high credit score — they check income, savings, and spending.
- Useful if you’ve been denied by other credit cards.
Main Benefits You Get
These are the key features that make these cards stand out for beginners and low-credit users.
- No fees for Petal 2 and Petal 1.
- Cash back up to 10% at specific merchants.
- You can track your credit score using the mobile app.
- Automatic reviews may raise your credit limit over time.
How Cash Back Works?
Each card has a different reward setup. Make sure you understand where the cash back applies.
- Petal 2 gives 1%–1.5% back on all regular spending.
- Petal 1 and Rise offer 2%–10% back only at partner stores.
- Examples include Costco, Shake Shack, Adidas, and more.
Know the Interest Rates
Rates vary depending on your credit and the card type.
- Petal 2 APR range: 28.99% – 30.99%.
- Petal 1 and Rise APR range: 28.99% – 33.99%.
- APR is variable and may increase.
- Paying the full balance avoids these charges.
How to Apply for a Card?
The steps are simple and mostly done online.
- Visit the official site to start your application.
- You may link your bank account (optional but helpful).
- Enter your income, expenses, and SSN.
- Most people get a decision right away.
Tips to Build Credit Faster
Follow these habits to make the most of your new card.
- Use less than 30% of your total limit.
- Always pay in full by the due date.
- Set up auto-pay to avoid missing payments.
- Monitor your credit score through the app.
Customer Support Info
You can get help through multiple channels. Website: https://www.petalcard.com.
Support is available in the mobile app and online account portal. Mailing Address: Petal Card, Inc., 40 W 23rd St, New York, NY 10010.
Disclaimer: All APR rates listed are variable and may change based on creditworthiness. Terms are subject to approval and issuer updates.
Final Summary: Should You Try the Petal Credit Card?
The Petal Credit Card offers a way to build credit with simple terms and no hidden fees. It’s ideal for new users who want an easy start.
Rewards are clear, and the approval process is flexible. Just use it wisely and track your spending to grow your credit safely.
