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Issued by WebBank, the Petal® 2 "Cash Back, No Fees" Visa® Credit Card is the first card from Petal, a company that is clearly looking to make waves in the credit card industry. It's one of the more unique cards on the market: Not only does this fee-free card offer an impressive cash back rate, but you can also get it with zero credit history and no security deposit. We'll explain why we think it's also among the best credit cards if you are building credit in our Petal® 2 "Cash Back, No Fees" Visa® Credit Card review.
Petal® 2 "Cash Back, No Fees" Visa® Credit Card
Great for: No credit history and building credit
On Petal's Secure Website.
On Petal's Secure Website.
Regular APR
7.99% - 31.99% Variable
People with no or limited credit histories will be hard pressed to beat it. The rewards program and lack of fees are clear standouts in the category.
This credit card is a good fit for: People with limited or no credit history looking for a fee-free card to build their credit.
The Petal® 2 "Cash Back, No Fees" Visa® Credit Card is ideal for consumers who are new to credit, because you don't need any credit history to get the card. If you have no credit, you can link your bank accounts during the application process. Petal will then use information from those accounts to evaluate your application.
Learn more: Best Starter Credit Cards for No Credit
The Petal® 2 "Cash Back, No Fees" Visa® Credit Card earns 1% cash back on eligible purchases to start, but that increases to 1.5% back on eligible purchases after you've made 12 on-time payments. These payments don't need to be consecutive. If you make seven on-time payments, miss one, and then make another five on time, you'll start earning 1.5% back.
You won't need to worry about any fees with this card. It doesn't charge an annual fee, late payment fees, foreign transaction fees, or any of those other credit card fees that cost you money. Credit cards for building credit tend to pack in nuisance fees, but that isn't the case here.
Note that you will pay interest if you don't pay your entire statement balance, but that's standard with any credit card.
Read more: Best No Annual Fee Credit Cards
In addition to this credit card, Petal also offers an application that you can link to your card and most financial institutions. The Petal app includes several features that can help you improve your financial situation, including:
Secured credit cards are a typical go-to option for consumers with no credit history, but they require a security deposit up front, which can be tough to manage if money's tight. This card doesn't, so you won't need to pay a thing to get started with Petal.
For more options, take a look at our picks for the best cash back credit cards.
See more: Best Rewards Credit Cards
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Petal® 2 "Cash Back, No Fees" Visa® Credit Card | Discover it® Student Cash Back | Discover it® Secured Credit Card |
Rating image, 4.00 out of 5 stars.
4.00 stars
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. |
Rating image, 5.00 out of 5 stars.
5.00 stars
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. |
Rating image, 5.00 out of 5 stars.
5.00 stars
Our ratings are based on a 5 star scale.
5 stars equals Best.
4 stars equals Excellent.
3 stars equals Good.
2 stars equals Fair.
1 star equals Poor.
We want your money to work harder for you. Which is why our ratings are biased toward offers that deliver versatility while cutting out-of-pocket costs. |
Apply Now for Petal® 2 "Cash Back, No Fees" Visa® Credit Card
On Petal's Secure Website. |
Apply Now for Discover it® Student Cash Back
On Discover's Secure Website. |
Apply Now for Discover it® Secured Credit Card
On Discover's Secure Website. |
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Rates & Fees | Rates & Fees | Rates & Fees |
Credit Rating Requirement:
Fair/New to Credit Under(669)
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions. |
Credit Rating Requirement:
Fair/New to Credit Under(669)
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions. |
Credit Rating Requirement:
New/Rebuilding Under(579)
Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision. There are different types of credit scores and creditors use a variety of credit scores to make lending decisions. |
Welcome Offer: — |
Welcome Offer: Discover will match all the cash back you’ve earned at the end of your first year. Cashback Match |
Welcome Offer: Discover will match all the cash back you’ve earned at the end of your first year. Cashback Match |
Rewards Program: — |
Rewards Program: 5% cash back at different places each quarter up to the quarterly maximum when you activate. 1% unlimited cash back on all other purchases - automatically 1% - 5% Cashback |
Rewards Program: 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. 1% unlimited cash back on all other purchases - automatically 1% - 2% Cashback |
Intro APR: Purchases: — Balance Transfers: — |
Intro APR: Purchases: 0%, 6 months Balance Transfers: 10.99%, 6 months |
Intro APR: Purchases: n/a Balance Transfers: 10.99%, 6 months |
Regular APR: 7.99% - 31.99% Variable |
Regular APR: 17.99% - 26.99% Variable APR |
Regular APR: 27.99% Variable APR |
Annual Fee: — |
Annual Fee: $0 |
Annual Fee: $0 |
Highlights:
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Highlights:
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Highlights:
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Apply Now for Petal® 2 "Cash Back, No Fees" Visa® Credit Card
On Petal's Secure Website. |
Apply Now for Discover it® Student Cash Back
On Discover's Secure Website. |
Apply Now for Discover it® Secured Credit Card
On Discover's Secure Website. |
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Petal doesn't give you the option of picking a payment due date, so you're stuck with the date you get. Plenty of other credit cards offer this feature, which can be nice if you want to set your payment due date for right after you get paid.
Compare credit card rewards, fees, APRs, and more using our side-by-side comparison tool.
The Petal® 2 "Cash Back, No Fees" Visa® Credit Card is available to consumers with no credit history or a limited credit history, so you don't need any specific credit score to get it. If you do have a credit history, Petal will review it during the application process.
Keep in mind that although this card is excellent for building credit, it's not intended for rebuilding credit. If you've had problems with missed payments in the past, they could prevent you from being approved.
The application process for the Petal® 2 "Cash Back, No Fees" Visa® Credit Card is different than that of most other cards. To apply, you need an invite code from Petal. If you don't have one, you can still click the "Apply" button on the Petal website, enter your information, and go through a preapproval process, which doesn't affect your credit score. If Petal preapproves you, it will send you an email with an invitation to officially apply for the card.
If your goal is to build your credit, then you should strongly consider applying for the Petal® 2 "Cash Back, No Fees" Visa® Credit Card. It doesn't charge any fees, it doesn't require a deposit, and after 12 on-time payments, it earns a great cash back rate. You can't ask for much better than that from a credit card you can get without any credit history.
The credit limit for this card ranges from $300 to $10,000 depending on your creditworthiness.
Yes, you can get prequalified for this card. To check if you prequalify for that and other Petal credit cards, go to the Petal website to see offers and fill out their form. After you submit it, Petal will let you know if you prequalify for any of its cards.
Customer service for this card has mixed reviews. Some consumers have ranked Petal's customer service highly, whereas others have called it unhelpful. Since Petal is one of the smaller credit card issues, it hasn't been part of any major customer service studies yet.
Our Credit Cards Expert
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