The Petal Card Credit Card is specifically designed for those with poor credit. Unlike other credit cards, Petal cards require you to have a clean credit report and no history of bankruptcy. If you have bad credit, you may want to consider a secured credit card instead. Before you decide which card is right for your needs, it is important you fully understand the differences.
Petal(r),2 Visa(r), Credit Card
The Petal 2 Visa Credit Card has a variety of benefits for consumers and no annual fee. It is ideal for people who just started building credit. The no-deposit and no-fee policy makes it a great option for those with bad or average credit. It also has a modest credit limit and cash back incentives of up to 1 %.
While the Petal 2 Visa Credit Card may be easier to get approved than some secured cards, you should still consider your own credit history. If you have a history involving missed payments or credit damage, it is not a good idea. Your income, savings, and credit score will be used to determine whether you are approved.
You will also enjoy the low annual cost, no foreign transaction fees, as well as no penalty APR (late payments) You must make timely payments to avoid any late fees. Late payments can cause credit damage and lower credit scores.
The Petal 2 Visa(r) Credit Card offers a range of benefits, including no security deposit and a $500 credit limit. You also get cash back rewards, comparable to better credit card offers.
Petal(r), 1 Visa(r), Credit Card
If you are looking to improve credit scores, the Petal (r) 1 Visa (r), is a great credit option. This credit card is linked into your bank account so you don’t have to worry too much about the annual fees. The card comes with an app that makes it easy to manage your account.
Petal 1 Visa Credit Card provides decent rewards with no annual fee. It does however have limited benefits. You can redeem your rewards for travel assistance and extended warranty coverage. If you have poor credit and are looking for a card that will not make you feel burdened, the Indigo Platinum MasterCard is an option. This card has higher rewards and doesn’t require a deposit.
Petal 2 Visa, another excellent choice, is a good option for a credit card. This card is especially suitable for young adults and recent college grads without a lot of credit history. It has a $500 credit limit, which is higher than many secured cards and competing starter credit cards. The card also offers cash back up to 1% on your daily purchases. Selected retailers will also reward you with rewards of up to 10%.
Petal 1 Visa(r), credit card offers no annual fee, 2%-10% cash back at certain merchants and no annual fee. You will also not receive an introductory APR, or a welcome bonus. However, you will need to pay late payments fees. This is better than any other options.