A New Cash Back Card from Petal - Products News

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Credit Card Applications » News » Products » A New Cash Back Card from Petal

A New Cash Back Card from Petal

A New Cash Back Card from Petal
May
29
The content is accurate at the time of publication and is subject to change.

Petal, a credit card issuer specializing in helping people with either no credit history or a limited one with a way to get a credit card, has now rolled out a rewards credit card. This new card offers cardholder’s cash back ranging from 1% to 1.5% on all purchases. What is interesting about this card is that people are actually rewarded for making on-time payments.
How does it work? Once people get their new card they automatically start earning 1% back on all their purchases. After six months of making on-time payments the amount of cash back they get is raised to 1.25%, and finally, after 12 months of on-time payments, their cashback goes up to 1.5%.

More about the Petal card

While most credit cards require people to have a credit score in order to be approved for their credit card Petal does not. They use a variety of other data to approve new cardholders, and the APR for their card ranges from 15.24% to 26.24%.

The credit limit for the Petal card ranges from between $500 and $10,000. They tailor the card’s credit limit to help cardholders keep their utilization levels low, so they can build their credit. In fact, they also provide cardholders with tools to help them get their credit where they want or need it to be. These features include an in-app spending planner, so cardholders can track their spending and boost their credit score over time.

Is there an annual fee for this card? The answer is no, and they have also done away with other fees too including late payment fees and foreign transaction fees.

Security and customer service

These days no matter what credit card you have security is important. Petal comes along with security features including encrypting cardholder’s data to keep data secure.

Cardholders can also freeze their account if they believe there is an issue with their card, and then they can unfreeze it when they are ready.

Their customer care representatives are available 24 hours a day and seven days a week.

Individuals looking to get more information about the Petal Visa Credit Card can visit the website.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
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