• 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 or cash-back program?

The Petal credit cards hold the easy answers to these questions for credit first-timers.

How can the Petal Card help me?

Petal Card statistics

Simply, the two Petal Visa credit cards — issued by WebBank, member of 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.

Petal has two cards on offer: Petal 1 "No Annual Fee" Visa® Credit Card and Petal 2 "Cash Back, No Fees" Visa® Credit Card.

The Petal 1 card has no annual fees, offers 2%-10% casback at select merchants and has a maximum limit of $5,000 — with a variable APR of 19.99% - 29.49%

As for Petal 2, 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 on the Petal 1 and Petal 2 cards builds your credit history. Petal 2 gives you 1% cash back on purchases in the process. After making 12 on-time monthly payments, Petal 2 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 cards are 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 Petal 2 is better than a secured credit card because it is is a completely fee-free experience — no fees for late payments, no foreign exchange fees, and no setup fees — with a variable APR between 12.99% - 26.99%.

An excellent starter credit card with better rewards than most, one of the Petal cards 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


Rudro is an Editor with 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.

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