The Petal Card is a credit card that is designed specifically for people with new credit. Petal cards have different requirements than other credit cards. You must have clean credit reports and no history bankruptcy. Consider a secured card instead if you have bad credit. Before you choose which credit card is best for you, it is important to know the differences between these two types.
Petal(r), 2 Visa (r) Credit Card
Petal 2 Visa Credit Card is free for all consumers. It is perfect for people who are just starting to build credit. It is ideal for people with either average or poor credit due to its no-deposit, no-fee policy. It has a low credit limit, and you can earn cash back up to 1.5%.
Although the Petal 2 Visa Credit Card can be approved more quickly than most secured cards, it's still important to evaluate your credit history. If you have bad credit, or have made missed payments in your past, it's not a good idea. The creditor decides whether you should be approved based on a variety of factors, including your income and savings.
This card has a low annual fee, no foreign transaction charges, and no penalty APR if you pay late. Late fees can be avoided by making timely payments. This is important as late payments can damage your credit history and lead to lower credit score points.
Petal 2 Visa(r), Credit Card has a variety of benefits including no security deposit and $500 credit limit. You can also earn cash back with this card, which rivals better credit cards.
Petal(r), 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 can be linked with your bank account so that you don't have worry about having to pay a high annual fees. This card also comes with a handy app, so you can easily manage your account.
Petal 1 Visa Credit Card provides decent rewards with no annual fee. It does however have limited benefits. The rewards can be used to cover travel expenses, extended warranty coverage, or price protection. 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 offers greater rewards and doesn’t require you to make a security deposits.
Petal 2 Visa is another option for a first creditcard. This card is especially good for young adults and recent college graduates without much credit history. This card has a credit limit of $500. This is much higher than other starter credit cards and secured cards. You can also earn up to 1 % cash back on all your everyday 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. It also has no introductory APR or welcome bonus. However, you will need to pay late payments fees. This is better than any other options.