• How am I supposed to build credit with no credit?
  • What credit cards can I apply for — and get approved?
  • Will I qualify for a card with a rewards program?

The Petal credit card holds the easy answers to these questions for credit first-timers.

How can the Petal Card help me?

Petal Card statistics

Simply, the Petal Visa credit card — issued by WebBank, member FDIC — aims to help people with no credit history build their credit. And it's easy to get approved.

If you don't have a credit score, WebBank may look at your whole financial record including bank accounts, and how much money's coming in and being spent.

If your record looks good, you can be approved for a better APR and a credit limit on the higher end — with a potential maximum limit of $10,000.

Every transaction made builds your credit history — while giving you 1% cash back on purchases in the process. After making 12 on-time monthly payments, Petal Card users can get upgraded to 1.5% cash back.

Petal Visa credit card app in action, customer monitors their cash back rewards.
Review your cash back balance real-time, using the intuitive Petal card app.

The Petal card is different from a secured credit card, since you don't have to put a deposit down to secure a credit limit.

And in many ways it's better than a secured credit card because there are no fees for late payments, and no setup fees with a variable APR between 14.49 - 25.49%.

An excellent starter credit card with better rewards than most, the Petal card can help you grow your credit history (with responsible use) and set the foundations for a solid future.

Find out if you're preapproved for Petal today.

About the Author

Rudro Chakrabarti

Rudro Chakrabarti

Managing Editor

Rudro is the Managing Editor of MoneyWise. His work has appeared on Yahoo Finance, MSN Money and The Financial Post. He previously served as Managing Editor of Oola, and as the Content Lead of Tickld before that. Rudro holds a Bachelor of Science in Psychology from the University of Toronto.