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Petal 2 review

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Advertiser Disclosure

Annual Fee
$0.00
Interest Rate: Purchases
18.24% ‐ 32.24% (Variable)
Interest Rate: Purchases
18.24% ‐ 32.24% (Variable)
Balance Transfer
-
Balance Transfer
-
Rewards
1% cashback
Rewards
1% cashback
Signup Bonus
-
Signup Bonus
-


9/10
Informr score
The Petal 2 currently has an Informr score of 9 out of 10. This score is based on our evaluation of 13 sources including reviews from users and the web's most trusted critics.

Am I eligible?


Petal 2 is typically available to those with good credit scores (650 or greater).
To get this card, you must also:
Yes Be a permanent or temporary resident of USA

Note: This information is only intended as a guide. The final decision is up to the bank and your application could still be rejected even if you can answer 'Yes' to all the minimum criteria above. Always consider your options and your financial situation before you apply for a credit card.

What the Critics Are Saying...


Time
Time

The Petal 2 Visa Credit Card provides 1% to 1.5% cash back on every purchase—a perk that is uncommon among cards for credit builders. It also earns 2% to 10% cash back from select merchants. While it’s light on other benefits, it’s worth a look if you are still working to improve your credit.

- Bob Haegele, Time
Bankrate
Bankrate

Despite the Petal® 2 Visa®’s limited cardholder benefits, it stands out as an excellent tool for credit builders. With no annual fee and a solid cash back rate, this starter card has a lot to offer.

- Reena Thomas, Bankrate
The Ascent
The Ascent

A leading option among credit cards for building credit. The rewards program and lack of fees are standout perks in this category.

- Lyle Daly, The Ascent
NerdWallet
NerdWallet

You'll get rewards, plus you'll get simplicity and transparency — not to mention a pass on security deposits and fees.

- Melissa Lambarena, Chanelle Bessette, NerdWallet
Money Crashers
Money Crashers

The Petal 2 Card is one of the best entry-level cash-back credit cards on the market. Notable benefits include the opportunity to earn up to 10% back on select purchases, a nontraditional framework that requires no FICO score, and the potential for high initial credit limits.

- Brian Martucci, Money Crashers

Details


Interest Rates
Regular APR Interest Rate 18.24% ‐ 32.24% (Variable)
Balance Transfer Interest Rate

Balance Transfers Not Allowed

Cash Advance Interest Rate

Cash Advances Not Allowed

Rates & Fees
Annual Fee $0.00
Balance Transfer Fee
Cash Advance Fee
Foreign Transaction Fee 0%
Over Limit Fee $0.00
Late Payment Fee $0.00
Promotions
Sign up bonus No
Rewards
All Purchases 1% cash back
  • Earn up to 1.5% when you pay on time
  • Plus 2% - 10% bonus cash back at select merchants
Restaurants No
Gas No
Groceries No
Hotels No
Travel No
Pharmacy No
Bills No
Features & Benefits
Additional Card Holders No
Travel Accident Insurance No
Car Rental Insurance No
Car Rental Discount No
Extended Warranty No
Purchase Protection No
Zero Liability No
No Foreign Transaction Fees Yes
Emergency Assistance No
Concierge Service No
Price Protection No
Fraud Protection No
Free Credit Scores Yes
Wireless Payments No
Virtual Cards No
Additional Benefits
Eligibility
Minimum Security Deposit $0
Minimum Age 18
Minimum Personal Income
Temporary Residents No
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Additional comments -
Terms & Conditions Official Terms & Conditions
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Information in this article is believed to be accurate at the time it was written, but terms and conditions may change at any time. All information is presented without warranty or guarantee. Please verify all terms and conditions of any credit card prior to applying.

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