Petal® 1 “No Annual Fee” Visa® Credit Card - Review

1. Is Petal 1 A good credit card?
2. What credit score do you need for Petal 1?
3. Is Petal 1 or 2 better?
4. Does Petal 1 increase credit limit?
5. Does Petal 1 do a hard inquiry?
6. Does petal have an annual fee?
7. What bank does petal credit card use?
8. What is the difference between petal 1 and 2?
9. How long does petal take to approve?
10. Is the petal card legit?
11. Is petal 2 Visa credit card good?
12. How many credit cards should I have?

Is Petal 1 A good credit card?

Petal® 1 Visa® Credit Card is a pretty good starter credit card for people with limited or no credit history, too. It does not give rewards for every purchase you make, however. Rather, cardholders have the opportunity to earn 2% to 10% cash back on purchases from select participating merchants.

What credit score do you need for Petal 1?

Compare to Other Cards

Is Petal 1 or 2 better?

Petal 1 is a card designed for those with low-to-fair credit or cash flow who are seeking to improve their credit score. ... Petal 2 is our most advanced card yet, and it's designed for those with fair-to-good credit or cash flow. With Petal 2, you can enjoy all the perks of a cash back card without any of the fees.

Does Petal 1 increase credit limit?

Editorial and user-generated content is not provided, reviewed or endorsed by any company. Yes, Petal does give credit increases to cardholders who use their card responsibly over time. ... In fact, Petal 1 credit limits range from $500 to $5,000, and Petal 2 credit limits range from $500 to $10,000.

Does Petal 1 do a hard inquiry?

Yes, the Petal 1 Card will do a hard pull when you apply for it. This might have a short-term negative effect on your credit score. However, when you submit your information for pre-approval, the issuer will only perform a soft pull on your credit which won't affect your credit score.

Does petal have an annual fee?

Because it doesn't charge an annual fee nor require a security deposit upfront, Petal 1 is a much less expensive alternative to a secured credit card. For those looking to earn more rewards on their everyday spending, consider the Petal 2 “Cash Back, No Fees” Visa Credit Card.

What bank does petal credit card use?

Petal 2 Card is issued by WebBank, Member FDIC. Rather than only checking the usual creditworthiness factors like a traditional credit card, such as credit scores and income, WebBank, the lender that backs the Petal card, may also check your current digital financial record by looking at your bank account.

What is the difference between petal 1 and 2?

These two cards give consumers with no credit a chance to build their scores and earn cash back. The Petal 1 "No Annual Fee" Visa Credit Card is designed for those with either no credit or a nonprime credit score. The Petal 2 "Cash Back, No Fees" Visa Credit Card is meant for consumers with no credit or good credit.

How long does petal take to approve?

If you're approved, you should receive your Petal credit card within 6-10 business days. If it hasn't been 10 days yet, it could be still be in the mail. If it's any longer than that, call Petal's customer service at 1-855-697-3825 or email them at [email protected].

Is the petal card legit?

So if you're looking for help in building your credit while also earning rewards for your healthy habits, the Petal® 2 "Cash Back, No Fees" Visa® Credit Card is legit.

Is petal 2 Visa credit card good?

The Petal® 2 "Cash Back, No Fees" Visa® Credit Card tops our list for best credit building credit cards. You don't have to have a credit history to be approved for credit limits beginning at $500, there's no annual fee and it comes with a decent rewards program.

How many credit cards should I have?

To prepare, you might want to have at least three cards: two that you carry with you and one that you store in a safe place at home. This way, you should always have at least one card that you can use. Because of possibilities like these, it's a good idea to have at least two or three credit cards.