Petal Credit Card Review


The Petal Credit Card is a financial product offered by Petal Financials that helps customers rebuild their credit score. The card offers no fees, low interest rates and access to cash advances. It is an excellent choice for anyone struggling with their current credit history or just starting out on their journey to financial freedom. In this review, we’ll take a look at the features and benefits of the Petal Credit Card, as well as how it compares to other cards on the market. We’ll also discuss the eligibility requirements, so you can decide if it’s right for you. Read on to learn more!

What is Petal?

Petal is a credit card that is designed for people with bad or no credit. It has no fees, and it offers cash back rewards. Petal also offers a mobile app that helps you track your spending and keep track of your credit score.

How Does Petal Work?

Petal is a credit card that is different from other credit cards on the market. It does not have any fees, and it offers cash back on all purchases. There is no interest charged on the balance of the card, and there is no limit to the amount of cash back that can be earned. The card can be used anywhere Visa is accepted, and it can be used to build credit. Petal reports your payment history to all three major credit bureaus, so using the card responsibly can help you build your credit score.

What are the Benefits of Petal?

There are a few key benefits to the Petal credit card that make it worth considering for your next credit card. First, there is no annual fee. This is great news for those who don’t want to worry about an additional yearly cost. Second, the APR is very competitive. You can get a lower rate if you have good credit, which can save you money in the long run. Finally, there are no foreign transaction fees. This is perfect for those who travel frequently or make purchases in other currencies.

How to Use Petal Credit Card

If you’re looking for a credit card with no fees and cash back on every purchase, the Petal Credit Card is a great option. Here’s how to use it:

To start, you’ll need to create an account on the Petal website. Once you’ve done that, you can link your bank account and begin using your Petal Credit Card.

When you make a purchase, the funds will be withdrawn from your linked bank account and added to your Petal Credit Card balance. You can then use those funds to make future purchases or withdraw cash from ATMs.

One thing to keep in mind is that, because the Petal Credit Card doesn’t have any fees, your interest rate will be higher than average. That means it’s important to pay off your balance in full each month to avoid accruing interest charges.

Overall, the Petal Credit Card is a great option for anyone looking for a fee-free way to earn cash back on their purchases.

Fees and Interest Rates

When it comes to fees and interest rates, the Petal Credit Card is definitely on the more affordable side. There is no annual fee, and the interest rate is a very reasonable 14.99%. However, there are some other fees to be aware of. For example, if you make a late payment, you will be charged a fee of up to $38. And if you go over your credit limit, you’ll be charged a fee of $20. Overall, though, the fees and interest rates associated with the Petal Credit Card are quite reasonable.

Pros and Cons

There are a few things to consider before signing up for the Petal Credit Card. First, let’s look at the pros:

1. There is no annual fee.
2. You can avoid interest charges by paying your balance in full each month.
3. You can earn rewards points for every dollar you spend.
4. There is a 0% introductory APR for 12 months on purchases and balance transfers.
5. You can get access to a higher credit limit after making your first 5 monthly payments on time.

Now let’s look at the cons:

1. The rewards program is not as generous as some other cards out there.
2. There is no sign-up bonus available.
3. Balance transfer fees are 3% (with a minimum of $5).

Ultimately, whether or not the Petal Credit Card is right for you will come down to your individual spending and repayment habits as well as what’s important to you in a credit card rewards program.

Alternatives to Petal Credit Card

If you’re not interested in the Petal Credit Card, there are plenty of other great options out there. Here are a few of our favorite alternatives:

The Chase Freedom Unlimited® Card offers unlimited 1.5% cash back on every purchase, with no minimum spend or annual fee. Plus, you’ll get a $150 bonus after spending $500 on purchases in your first 3 months from account opening.

The Citi® Double Cash Card allows you to earn 2% cash back on all purchases – 1% when you buy, and 1% as you pay your bill. There’s no annual fee, and you can start redeeming your cash back after earning just $25.

The Capital One® SavorOne℠ Cash Rewards Credit Card gives you unlimited 3% cash back on dining and entertainment, 2% at grocery stores, and 1% on all other purchases. There’s no annual fee and your cash back never expires. Plus, you can get a $150 bonus after spending $500 on purchases in your first 3 months from account opening.


In conclusion, the Petal Credit Card is a great option for those who want to access credit without the need of an upfront deposit. With no annual fee and low interest rates, this credit card offers an array of benefits that can be beneficial especially if you are looking to build up your credit or save money on interest payments. Along with its generous cashback rewards, customer service and easy-to-use online tools, it’s clear why so many people have fallen in love with the Petal Credit Card.