Reviews (US)

Petal® 1 “No Annual Fee” Visa® Credit Card full review

This card offers cash back with no annual fee and allows you to build your credit score with responsible use. Take a look at the Petal® 1 "No Annual Fee" Visa® Credit Card review!

Petal® 1 “No Annual Fee” Visa® Credit Card issued by WebBank.

See what are the benefits of this credit card. Source: Petal.
See what are the benefits of this credit card. Source: Petal.

With Petal® 1 “No Annual Fee” Visa® Credit Card, your conscience will be lightened knowing that you help local businesses and earn cash back for it.

But this card is not only about rewards. It features a program to increase credit lines (terms apply), tools to help you use your card responsibly and potentially build your credit. Plus, technology to support your financial management.

And all of it with no annual fee.

Check out the summary table!

Credit ScoreFair/Bad/Limited/No Credit
Annual Fee$0
Regular APR24.74% – 34.24% variable.
Welcome bonusNone
Rewards2% – 10% cash back at select merchants
Pessoa usando cartão Petal 1 Visa credit cardem maquininha de pagamento por aproximação

How to apply Petal® 1 "No Annual Fee" Visa®?

Petal® 1 "No Annual Fee" Visa® Credit Card is an unsecured card that offers cash back with no annual fee. Check out how to get yours!

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

Learn more about the card. Source: Petal Card Facebook.
Learn more about the card. Source: Petal Card Facebook.

First of all, you earn 2% – 10% cash back at select merchants. All you need to do is download the mobile app, activate your location, and it will show you which local merchants participate in the Petal Offers.

Second of all, it doesn’t charge any annual or foreign transaction fees.

Third of all, it may approve consumers with poor or no credit history at all. And as it reports to all three major credit bureaus, it helps you build your credit history right away.

Also, it features a great mobile app where you can manage your financial information with tools and resources to plan better.

Plus, it offers a program named Leap that may increase your credit line within six months if you are in good standing. Terms apply.

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

Get cash back and help with your credit-building. Source: Canva.
Get cash back and help with your credit-building. Source: Canva.

Let’s get started with the upsides. This unsecured credit card doesn’t require a security deposit when you open an account. And it doesn’t require a perfect credit score for the application, either.

And since it reports to all three major credit bureaus, you get the chance to rebuild or build your credit history.

Moreover, it doesn’t charge annual or foreign transaction fees, and it offers 2% – 10% cash back at select merchants.

The credit limit ranges from $300 to $5,000, and you can work on increasing it with the Petal Leap program (terms apply).

Furthermore, it features a mobile app with tools that help you manage and track your financial situation.

Finally, as a Visa® card, it comes with some standard benefits, such as:

  • $0 fraud liability;
  • Roadside assistance;
  • Lost and stolen card reporting.

On the contrary, it doesn’t feature a balance transfer option, and there are no introductory offers.

Pros

  • $0 Annual Fee
  • Variable APRs range from 24.74% – 34.24%.
  • $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.

Cons

  • There are no introductory bonuses;
  • It doesn’t feature a balance transfer option.

Pre-approved credit cards for low credit score available now

We analyzed your profile and found some offers that you can apply for today.

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How good does your credit score need to be?

The Petal® 1 “No Annual Fee” Visa® Credit Card will consider you even if you have a poor credit history.

How to apply for a Petal® 1 “No Annual Fee” Visa® Credit Card?

If you get interested in this credit card, don’t waste another minute thinking about applying or not for it. Check out how to apply for one now!

Pessoa usando cartão Petal 1 Visa credit cardem maquininha de pagamento por aproximação

How to apply Petal® 1 "No Annual Fee" Visa®?

Petal® 1 "No Annual Fee" Visa® Credit Card is an unsecured card that offers cash back with no annual fee. Check out how to get yours!

About the author  /  Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by  /  Aline Barbosa

Senior Editor

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