Reviews

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!

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Petal® 2 Visa® Credit Card: Build up your score and earn cash back!

Petal® 2 Visa® Credit Card
Read our Petal® 2 Visa® Credit Card full review! Source: Stealth Capitalist.

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

Petal® 2 Visa® Credit Card

Applying for the Petal® 2 Visa® Credit Card

If you need a card with no fees and great perks, read on to learn how to apply for the Petal® 2 Visa® Credit Card!

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: 18.24% – 32.24% variable;
  • Welcome bonus: N/A;
  • Rewards: 1%–1.5% cashback on eligible purchases. Plus up to 10% on selected merchants.
  • Terms apply.

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.

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. For your convenience, Petal automatically highlights popular subscriptions charged to your credit card.

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

Pros

There are no fees for late payments, foreign transactions, or the annual membership fee.

The second pro is that you only need an average score to apply, meaning applicants with limited, fair, good, or excellent credit scores. Also, prequalifying with a soft credit inquiry will not hurt your credit score.

After 12 on-time payments, your earnings increase to 1.5%. Up to 10% cash back is eligible through participating merchants.

Cons

The rewards are complex compared to other cashback cards. Cardholders can redeem cash as a statement credit and as a check or direct deposit to the cardholder’s bank account.

But besides the rewards, there will be no welcoming bonuses or introductory APR offers. Moreover, the card’s APR ranges between 18.24% – 32.24%.

In conclusion, some of Petal 2’s benefits are limited. This credit card’s benefits are minimal and should not be a top choice if you love benefits.

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.

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

If you want to learn more about the Petal® 2 isa® Credit Card or apply for it, check out our article in the link below!

We will walk you through every step of the application process so that you can get your new card as quickly as possible. So, read the post below!

Petal® 2 Visa® Credit Card

Applying for the Petal® 2 Visa® Credit Card

If you need a card with no fees and great perks, read on to learn how to apply for the Petal® 2 Visa® Credit Card!

About the author  /  Thais Daou

Thais Daou holds an undergraduate degree in Languages — Translating and Interpreting from São Judas Tadeu University. She has been translating, proofreading, and transcribing financial documents, as well as other fields, for five years. And now, she begins a new chapter in her career, writing about financial solutions in a simplified way, with a desire to spread this knowledge.

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