Credit Cards

Petal® 2 Visa® Credit Card Review

Are you looking for a card with cashback and no fees? If so, read our Petal® 2 Visa® Credit Card review to learn more!

Build up your score and earn cash back!

Are you looking for a credit card with cashback and no fees? If so, this Petal® 2 Visa® Credit Card review may perfectly fit you.

With incredible credit-building features and a standout commitment to its users, this financial solution is ready to surprise you in the best way.

Credit Card

Petal® 2

no fees cashback

Up to 1.5% cashback. Up to $10,000 credit limit.

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This card offers up to 1.5% cash back and has no annual fee. Read on to learn more about the Petal credit card and whether it is the right choice.

Credit Score: Fair – Good;
Annual Fee: $0;
Regular APR: 29.24% – 31.24% variable;
Welcome bonus: N/A;
Rewards: 1%–1.5% cashback on eligible everyday purchases. Plus, up to 10% on selected merchants.

How does the Petal® 2 Visa® Credit Card work?

Designed with your success in mind, Petal 2 is their most sophisticated card to date. It has no fees and is intended to help you build credit.

With Petal, credit building is made simple. After all, your credit score is critical, right? You can check your score anytime via their app.

A payment calculator is also available: Determine how much interest you will most likely owe based on the amount you choose to pay.

We recommend it because it allows people to plan their month, create a budget, and track how much they spend against it.

Petal® 2 Visa® Credit Card pros and cons

Petal® 2 Visa® Credit Card benefits — Do you think this card’s pros are good enough for you? Source: Petal.

The Petal® 2 card is ideal for individuals looking to build or improve their credit score while enjoying meaningful perks like cash back rewards.

When you shop at select local merchants, you can earn anywhere from 2% to 10% cashback. Petal 2 also allows you to earn cash back on everyday purchases.

Another fantastic feature is the subscription option. Petal automatically highlights popular subscriptions charged to your credit card for your convenience.

So, check out the pros and cons of this card below!

Pros

No Fees: Say goodbye to annual fees, late payment fees, or foreign transaction fees.
Cash Back Rewards: Earn up to 1.5% cash back after making 12 on-time monthly payments. Eligible purchases earn 1% cash back initially.
Extra Rewards: Enjoy up to 10% cash back at select merchants.
Credit Building: Reports to all three major credit bureaus, helping you establish or boost your credit score.
Cash Score System: Offers opportunities for individuals with limited or no credit history to qualify based on financial habits.

Cons

No Welcome Bonus: While many competitors offer sign-up bonuses, the Petal® 2 card does not.
No Introductory APR: No 0% introductory APR offers on purchases or balance transfers.
Limited Cash Back Structure: Higher cash back rates are only available after consistent on-time payments or with select merchants.

Want to apply for the Petal® 2 Visa® Credit Card?

Petal® 2 Visa® Credit Card application page — Learn how you can easily apply for the Petal® 2 Visa® Credit Card online. Source: Petal.

Getting the Petal® 2 Visa® Credit Card is a simple process, but understanding the qualifications and steps to apply is essential. Let’s explore how you can secure this financial tool.

Does my credit score need to be good?

Yes. Those with poor credit should not apply for the Petal® 2 Visa® Credit Card.

The best candidates have either established credit or are credit novices with strong cash flow (income, savings, and on-time payment history) that can be measured with banking data.

Qualification Requirements

To apply for the Petal® 2 Visa® Credit Card, you’ll need to meet a few essential criteria:

Age and Residency: Must be at least 18 years old (19 in some states) and a U.S. resident with a valid Social Security Number or ITIN.
Credit History: While a traditional credit score helps, Petal® 2 can use your financial history to evaluate eligibility through its Cash Score system.
Income Verification: Proof of a stable income source is required to assess your ability to repay.
Bank Account: Connecting your bank account may improve your chances of approval by providing insight into your financial habits.

Apply online

To apply for the Petal® 2 Visa® Credit Card, you must fill out an online form on Petal’s website with your personal information. Follow the guide below:

Visit the Official Website: Go to the Petal 2 card official website, we’ve provided the link for you.
Pre-Approval Check: Start with the pre-approval process, which won’t impact your credit score.
Submit Your Application: Provide personal information such as your name, address, Social Security Number, and income details.
Link Your Bank Account (Optional): Petal allows you to link your bank account to demonstrate financial habits, potentially increasing approval chances.
Await Approval: You’ll typically receive a decision within minutes. If approved, your card will be mailed to you.

Credit Card

Petal® 2

no fees cashback

Up to 1.5% cashback. Up to $10,000 credit limit.

You will be redirected to another website

Apply using the app

If you are one of those people who do everything through your mobile phone, there is not much information about applying via their app, but it is surely possible.

After all, Petal is about reimagining credit, and it knows that the new reality is based on technology.

So, your new card will work with Apple Pay® or Google Pay™. Just tap and go. Also, you can easily manage your card through the app, so don’t hesitate to use it!

Petal® 2 Visa® Credit Card vs. Upgrade Triple Cash Rewards Visa®

Shall we compare to see if the Petal® 2 Visa® Credit Card is worth it? For starters, both cards below have similar score requirements.

Moreover, both have annual fees totaling zero, although the competition’s variable regular APR is more likely to be lower.

But Petal also has another credit card option, and on their website, you can compare which one you prefer without impacting your credit score just to check options out.