The Petal® 2 Cash Back, No Fees Visa® Credit Card is a rebranded version of the original . It’s aimed at helping consumers with n/a credit to establish credit history and build an excellent credit score through responsible behavior. If you’re just starting out on your credit journey, the Petal 2 Credit Card is a great choice for a first credit card. It even offers flat-rate cash back on your purchases.
However, if your credit score is less than stellar, Petal also issues the Petal® 1 No Annual Fee Visa® Credit Card, which is aimed at helping consumers with n/a credit to rebuild their credit.
The Petal cards differ from competing credit cards by using a “Cash Score” in determining your eligibility whenever possible. You’ll be asked to link a bank account so Petal can use an algorithm to analyze factors such as transaction history, money earned and money spent each month, and bills paid. This makes it easier for consumers who have responsible financial habits, but haven’t had credit before, to qualify for a card.
While many credit cards for people with little or no credit are secured cards, meaning you have to submit a deposit to the issuer, both of the Petal credit cards are unsecured — there’s no deposit required.