Petal 1: Stay free from unnecessary fees.

The Petal 1 offers an innovative approach to credit building, especially for individuals with limited or no credit history.

Building credit can be a daunting task, especially for those just starting their financial journey. The Petal 1 aims to simplify this process by offering a user-friendly and inclusive approach to credit building. With its unique underwriting model, Petal 1 evaluates applicants based on their banking history, making it accessible to a wider range of individuals.

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Petal 1 Visa

No Annual Fee Cash Back

Higher limits, better rates, no annual fee.

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In this article, we will delve into the key features and benefits of the Petal 1 credit card. Whether you’re looking to build your credit or simply want a card with no annual fees, Petal 1 has something to offer. Let’s explore the advantages, fees, network benefits, requirements, and application process for the Petal 1 card.

Advantages of the Petal 1

The Petal 1 comes with a host of advantages that make it an attractive option for credit builders. Here are some of the key benefits:

• No Annual Fee: Petal 1 does not charge an annual fee, making it a cost-effective choice for cardholders.
• Credit Limit Range: The card offers a credit limit range of $300 to $5,000, providing flexibility for various financial needs.
• Cash Back Rewards: Earn 2% to 10% cash back at select merchants, allowing you to save money on everyday purchases.
• No Foreign Transaction Fees: Use your Petal 1 card abroad without worrying about additional fees, making it a great choice for travelers.
• Reports to Major Credit Bureaus: Petal 1 reports your credit activity to major credit bureaus, helping you build your credit history.
• User-Friendly App: The Petal app provides insights into your spending and helps you manage your finances effectively.

Credit history made simple:

• Make Payments with a Phone: Easily add the Petal card to a mobile wallet for convenient on-the-go payments.
• Build Credit: Reports to major credit bureaus help improve credit scores with responsible use.
• Tap to Pay: Fast and secure checkouts are enabled with contactless payment technology — simply tap and go.

Fees and Charges

Understanding the fees and charges associated with the Petal 1 is crucial for managing your finances. The Petal 1 card has no annual fee, making it an attractive option for budget-conscious consumers. The variable APR ranges from 25,24% to 34.74%, depending on your creditworthiness.

It’s important to note the late payment fee, which can be up to $40, and the returned payment fee, which can be up to $29. However, there are no foreign transaction fees, allowing you to use your Petal 1 card abroad without worrying about additional charges.

Requirements for Petal 1

To be eligible for the Petal 1, applicants must meet certain requirements. You must be at least 18 years old (19 in Alabama and Nebraska, 21 in Mississippi) and a U.S. resident with a valid Social Security number or Individual Taxpayer Identification Number (ITIN). Having a valid bank account is also necessary. Additionally, applicants may need to provide proof of income or employment to verify their ability to manage credit.

How to Apply for the Petal 1

Applying for the Petal 1 is a straightforward process. First, visit the official Petal 1 credit card page at. Complete the pre-approval form to check your eligibility without affecting your credit score. If pre-approved, proceed with the full application by providing the necessary personal and financial information. Petal may request additional documentation to verify your income and identity. Once your application is reviewed and approved, you will receive your Petal 1 in the mail.

Frequently Asked Questions

• 1. What is the credit limit range for the Petal 1 card?

The Petal 1 credit card offers a credit limit range of $300 to $5,000, depending on your creditworthiness and financial profile.

• 2. Does the Petal 1 card have an annual fee? 

No, the Petal 1 credit card does not charge an annual fee, making it a cost-effective option for cardholders.

• 3. How does Petal determine my creditworthiness? 

Petal uses a unique underwriting model that considers your banking history, income, and spending patterns, in addition to your credit score.

• 4. Can I use my Petal 1 card abroad?

Yes, the Petal 1 card has no foreign transaction fees, allowing you to use it internationally without additional charges.

• 5. How can I earn cash back with the Petal 1 card? 

Cardholders can earn 2% to 10% cash back at select merchants. Check the Petal app for participating merchants and offers.

• 6. Does Petal 1 report to credit bureaus?

Yes, Petal 1 reports your credit activity to major credit bureaus, helping you build your credit history over time.

• 7. What should I do if my Petal 1 card is lost or stolen? 

If your card is lost or stolen, contact Petal customer service immediately for assistance with card replacement and to protect your account.

The Petal 1 credit card offers a range of benefits and features designed to help you build your credit responsibly. With no annual fee, cashback rewards, and a user-friendly app, it is an excellent choice for those looking to establish or improve their credit.

CREDIT CARD

Petal 1 Visa

No Annual Fee Cash Back

Higher limits, better rates, no annual fee.

APPLY NOW You will be redirected to