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Petal® 1 “No Annual Fee” Visa® Credit Card full review: should you get it?

Discover the credit card that offers excellent conditions (limit up to $5,000 and 2% to 10% cash back) "without looking" at your credit score: the Petal® 1 "No Annual Fee" Visa® Credit Card.

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Petal® 1 “No Annual Fee” Visa® Credit Card: 2% to 10% cashback because you are more than your credit score says

Petal® 1 “Cash Back, No Fees” Visa® credit card
Learn all about the Petal® 1 “No Annual Fee” Visa® Credit Card. Source: Petal®

In fact, the Petal® 1 “No Annual Fee” Visa® Credit Card is the type of card that hit the market to revolutionize the way credit is offered. This is a card that understands that you are more than what your credit score says.

So, learn more about this card and the tool created to distribute credit more easily.

Petal logo

Petal® 1 "No Annual Fee" Visa® Credit Card: check out how to apply!

Apply for Petal® 1 "No Annual Fee" Visa® Credit Card to build your credit with up to $5,000 limit and 10% cash back. Learn how to get this card.

Credit ScoreFair/Bad/Limited/No Credit
Annual Fee$0
Regular APRFrom 24.99% – 34.49% (variable)
Welcome bonusNone
Rewards2% to 10% cashback on purchases made at eligible merchants

Petal® 1 “No Annual Fee” Visa® Credit Card: learn more about this financial product

Indeed, the Petal® 1 “No Annual Fee” Visa® Credit Card inaugurated a new way of selecting customers. Typically, credit companies basically look at your credit score. Then they decide whether or not you should be a customer of theirs.

However, Petal® Cards 1 and 2 go further. This company created the “cash score”. This is a score measured from your budget. In effect, the company analyzes your credit history to understand your spending and budget.

The more money you have left over after paying off your recurring debts, the higher your “cash score”. This indicator allowed many people without a good credit score to have access to cards with premium benefits.

That’s even with a bad/fair credit score. After all, the Petal® 1 “No Annual Fee” Visa® Credit Card will not charge an annual fee or transfer fee abroad. In addition, it has a rewards program that can return up to 10% of your money.

Not to mention the credit limit. Right after being accepted, you can have $300 to $5,000 limit at your disposal without having to make a deposit. This is indeed a revolution.

Petal® 1 “No Annual Fee” Visa® Credit Card features

Smiling woman holding credit card and tablet
Learn more about the card’s pros and cons! Source: Adobe Stock.

“Amazing” and “revolutionary” are some adjectives that explain well what the Petal® 1 “No Annual Fee” Visa® Credit Card is. However, before deciding whether this card should be yours, take a look at the list below.

In fact, we have separated the main advantages and disadvantages of having a card like this:

What are the benefits? 

  • $0 Annual Fee
  • Variable APRs range from 24.99% – 34.49%
  • $300 – $5,000 credit limits
  • Earn a credit limit increase in as little as 6 months. Terms and conditions apply.
  • No credit score? No problem. If eligible, we’ll create your Cash Score instead.
  • 2% – 10% cash back at select merchants
  • See if you’re pre-approved within minutes without impacting your credit score.
  • No annual or foreign transaction fees.
  • Build credit alongside hundreds of thousands of Petal card members.
  • Petal’s mobile app makes it easy to manage your money, track your spending, and automate payments.
  • Petal reports to all 3 major credit bureaus
  • No deposits required
  • Card issued by WebBank

And what are the drawbacks?

  • APR range too large. You can be left with a very high APR;
  • Does not accept balance transfers;
  • Cashback program limited to certain merchants and rewards can only be used as extra cash to pay balance;
  • No welcome bonus.

What credit score do you need to get the Petal® 1 “No Annual Fee” Visa® Credit Card ?

In fact, your credit score is not very important for your Petal® 1 “No Annual Fee” Visa® Credit Card application. So you can apply even with a bad or fair score.

How does the Petal® 1 “No Annual Fee” Visa® Credit Card application process work?

Has the Petal® 1 “No Annual Fee” Visa® Credit Card ard caught your eye? We recommend that you take a look at the link below. In this we explain everything you need to know to apply for this card!

Petal logo

Petal® 1 "No Annual Fee" Visa® Credit Card: check out how to apply!

Apply for Petal® 1 "No Annual Fee" Visa® Credit Card to build your credit with up to $5,000 limit and 10% cash back. Learn how to get this card.

About the author  /  José Gonçalo

I started reading about finance only to find better options than savings. Since then, I have never stopped studying finance, and I believe that writing about it is the best way to help individuals feel fulfilled and have a healthy financial life. Today, I balance finance and medical school studies.

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