Top perks
Here's a look at the most valuable benefits with this Petal credit card.
No credit history required
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.
SEE MORE: Best Starter Credit Cards for No Credit
Up to 1.5% cash back
The Petal® 2 "Cash Back, No Fees" Visa® Credit Card rewards you for paying on time. It earns the following rates on all eligible purchases:
- 1% cash back to start
- 1.25% cash back after six on-time payments
- 1.5% cash back after 12 on-time payments
Those payments don't need to be consecutive -- but it's always a good idea to pay on time. While there are some top cash back cards that earn more, 1.5% is a great rate for a starter credit card.
Bonus cash back with Petal Offers
As a cardholder, you're automatically enrolled in Petal Offers. These are merchant-specific deals allowing you to earn between 2% and 10% cash back. Offers like these are a nice way to maximize your rewards while building your credit.
No fees
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.
Note that you will pay interest if you don't pay your entire statement balance, but that's standard with any credit card.
MORE OPTIONS: Best No Annual Fee Credit Cards
Petal app
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:
- Estimates of how much interest you'll pay based on your credit card payment amount
- A "Spend Planner" that lets you set a budget and track your spending each month
- A credit score tracker
No security deposit
Secured credit cards are a typical go-to option for consumers with no credit history, but they require a security deposit upfront, 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.