Reviews

Petal® 2 “Cash Back, No Fees” Visa® Credit Card full review

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

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by Thais Daou

Published on 11/09/2022

Petal® 2 “Cash Back, No Fees” Visa® Credit Card: all rewards, no fees

Petal® 2 “Cash Back, No Fees” Visa® Credit Card
Read our Petal® 2 “Cash Back, No Fees” Visa® Credit Card full review! Source: Petal

Are you looking for a credit card with cashback and no fees? If so, the Petal® 2 “Cash Back, No Fees” Visa® Credit Card may be the perfect fit for you.

Petal 1 Visa credit card logo

Applying for the Petal® 2 “Cash Back, No Fees”

If you need a card with no fees and great perks, read on to learn how to apply for the Petal® 2 “Cash Back, No Fees” 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: Average/excellent;
  • Annual Fee: $0;
  • Regular APR: 15.99%–29.99% variable;
  • Welcome bonus: N/A;
  • Rewards: 1%–1.5% cashback on eligible purchases.
  • Terms apply.

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How does the Petal® 2 “Cash Back, No Fees” Visa® Credit Card work?

Do you think this card’s pros are good enough for you? Source: Adobe Stock

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 “Cash Back, No Fees” Visa® Credit Card pros and cons

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!

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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 from 15.99 to 29.99%.

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 “Cash Back, No Fees” 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 “Cash Back, No Fees” Visa® Credit Card?

Conclusion paragraph: If you want to learn more about the Petal® 2 “Cash Back, No Fees” Visa® Credit Card or apply for it, check out our how to apply article.

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 “Cash Back, No Fees” Visa® Credit Card

Applying for the Petal® 2 “Cash Back, No Fees”

If you need a card with no fees and great perks, read on to learn how to apply for the Petal® 2 “Cash Back, No Fees” 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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