Credit Card
Petal® 1 Visa® Credit Card: No more Annual Fee
Curious about the legitimacy and value of the Petal® 1 Visa® Credit Card, which boasts "No Annual Fee"? In this piece, we'll examine the advantages and disadvantages of the card, allowing you to make a well-informed decision.
Advertisement
Start establishing your credit today with the Petal® 1 Visa® Credit Card, which comes with “No Annual Fee”
Consider the Petal® 1 Visa® Credit Card with “No Annual Fee” if you’re seeking methods to boost your credit score. This card doesn’t mandate a high credit score and has no annual fee.
Additionally, no security deposit is required, and you can earn rewards, such as cashback.
Is the Petal® 1 Visa® Credit Card a legitimate option? In this piece, we’ll delve deeper into the Petal® 1 Visa® and analyze its viability for individuals with poor credit. Keep reading to discover more!
| Things to know right away about this credit card! |
| The Petal 1 Visa® is designed for individuals with limited or no credit history. It’s a great option if you’re new to credit or have a lower credit score. |
| The APR is relatively high, ranging from 25.24% to 34.74% variable. This is typical for cards aimed at individuals with limited credit history. |
| The Petal 1 Visa® has no annual fee and no foreign transaction fees. |
| The rewards are limited. The Petal 1 offers 2% to 10% cash back at select merchants through its rewards platform, but you won’t earn rewards on all purchases. |
Is the Petal® 1 Visa® Credit Card with “No Annual Fee” a legitimate option?
The Petal® 1 Visa® Credit Card is backed by WebBank and bears the Visa Signature label. As a starter card, it can be obtained without a high credit score.
You can improve your credit score by employing the card responsibly, paying your bills promptly, and keeping your credit utilization low.
The credit limit of the Petal® 1 Visa® Credit Card, ranging from $300 to $5,000, is determined by your creditworthiness and other factors.
It is based on your “cash score,” which takes into account your financial history in addition to your credit score.
To further enhance the appeal of the Petal® 1 Visa® Credit Card, there’s no annual fee, and you have the opportunity to earn cashback on your transactions.
Selected purchases can earn a cashback rate of 2% up to 10%. The accumulated cashback is stored in your “cashback wallet” and can be redeemed directly into your checking account.
You will be redirected to another website
By submitting this form, I agree that I am 18+ years old and I agree to the Privacy Policy and Terms and Conditions. I also provide my signature giving express consent to receive marketing communications via automated emails, SMS or MMS text messages and other forms of communication regarding financial products such as credit card and loans. Message frequency varies and represents our good faith effort to reach you regarding your inquiry. Message and data rates may apply. Text HELP for help or text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and I may revoke my consent at any time.
Is the Petal® 1 Visa® Credit Card with “No Annual Fee” worth obtaining?
Before submitting an application for a new credit card, it’s important to thoroughly examine its features, benefits, terms, and conditions. Below are some pros and cons of the Petal® 1 Visa® Credit Card to consider:
Pros
Petal® 1 Visa® Credit Card highlights:
- $0 Annual Fee;
- Variable APRs range from 24.74% – 34.24%;
- Credit limits range from $300 – $5,000;
- Credit limit increase possible in as little as 6 months with eligibility and subject to terms and conditions;
- Cash Score created if no credit score is available;
- 2% – 10% cash back at select merchants;
- Quick pre-approval without affecting credit score;
- No annual or foreign transaction fees;
- Build credit with hundreds of thousands of Petal cardholders;
- Convenient mobile app for managing finances, tracking spending, and automating payments;
- Reports to all 3 major credit bureaus;
- No deposit required;
- Issued by WebBank.
Cons
- No sign-up bonus offered;
- $40 late payment fee for the second occurrence.
Credit scores required
Petal considers factors beyond your credit score when evaluating your credit card application, making it possible to apply even with poor or fair credit.
While approval is not guaranteed, you still have a good chance of getting the Petal 1 credit card.
How to apply for the Petal® 1 “No Annual Fee” Visa® Credit Card?
The Petal® 1 “No Annual Fee” Visa® Credit Card application is entirely online, requiring only an internet connection and a device to apply. Read on below for more information on the application process.
Apply online
Petal provides pre-approval without affecting your credit score. Simply visit Petal’s website and select “see card offers”.
Next, fill out a form with your basic personal and contact details, such as your name, date of birth, and email address.
Petal will verify your identity using your social security number. Please review the terms and conditions before submitting your form.
You will receive an immediate notification about the Petal card you qualify for, and you can proceed with the application process once you accept the offer.
Apply using the app
The Petal app enables you to monitor your credit progress and monthly expenses, while also aiding you in budgeting and locating top cashback opportunities.
Simply visit the Petal website to apply for the Petal® 1 “No Annual Fee” Visa® Credit Card and access the app.
Petal® 1 “No Annual Fee” Visa® Credit Card vs. Destiny Credit Card
There are several options available for getting a credit card if you have a less-than-perfect credit score. However, not all of them are reliable.
If you’re looking for decent options, consider Destiny credit card or Petal 1.
Both cards offer fair rates and low fees, but Petal 1 provides cashback rewards for selected purchases, while Destiny doesn’t offer any rewards.
| Petal® 1 “No Annual Fee” Visa® Credit Card | Destiny card | |
| Credit Score | Fair/Bad/Limited/No Credit | No credit score is required, so it can be Poor/Fair |
| Annual Fee | $0 | $59 – $99 |
| Regular APR | 24.74% – 34.24% variable APR | 24.9% |
| Welcome Bonus | No welcome bonus | No welcome bonus is offered |
| Rewards | 2% to 10% cashback at selected purchases | No rewards program |
If you are interested in obtaining the Destiny card, continue reading to discover how to apply for it.
How to apply for the Destiny Credit Card?
You can obtain the Destiny credit card without worrying about credit score inquiries. Find out how to apply for it by reading the following information.
Trending Topics
Discover It® Secured Credit Card Review: Cashback!
A responsible credit option with benefits is the Discover It® Secured Credit Card. To better understand how it works, check out our post!
Keep Reading
LendingPoint Personal Loan Review: Flexibility for your finances!
Explore LendingPoint's flexible personal loan options: loan amounts from $2,000 to $36,500. Discover if it's the right fit for your needs.
Keep Reading
You may also like
MoneyKey Personal Loans Review: Unlock fast cash!
Need funds fast? MoneyKey Personal Loans provides flexible, quick, and secure options. Dive into our review to learn more and apply today.
Keep Reading