Petal

PetalCard

About this app

Petal's aim is to bring financial innovation and opportunity to everyone. We use modern technology to help people build credit, avoid debt, and spend responsibly. Instead of looking at just credit scores, we use millions of additional data points to help more people qualify for credit, even if they've never had it before.

PETAL 1 is designed for those who are seeking to improve their credit score. It has no annual fee. See our current APR ranges at https://www.petalcard.com

PETAL 2 is our most advanced card yet. With Petal 2 you can enjoy all the perks of a cash back card without any of the fees. No annual fee, late payment fee, foreign transaction fee, or any-other-kind of fee. See our current APR ranges at https://www.petalcard.com

MORE CASH BACK AT MORE PLACES - Both cards come loaded with 2% - 10% cash back offers from top brands and over 500 local businesses.

STAY IN CONTROL - With our app you’ll be able to track your credit score, set a budget, manage subscriptions, and see all your accounts in one place so you’re always on top of your money.

BUILT TO BUILD - Petal reports to all three credit bureaus, and previous credit history is not required to qualify.

GREAT RATES - Better technology means lower variable APR’s. See our current APR ranges at https://www.petalcard.com

FEES? - Petal 1 has late and bounced payment fees. But there are no fees of any kind on Petal 2.

UNBELIEVABLE - You actually read this far, thanks!

Ratings and reviews

Initially, my experience was positive. The card was easy to set up and use and making payments was simple. Then it went from a no annual fee card to $8 a month. It wasn't what I agreed on, but since I can't pay the balance in full, I figured I'd make my payments and set the card aside, then once paid off I just close the account. Because they are treating this $8 fee as a charge and not a fee per se, it doesn't count towards the minimum payment. Very shady. Time to make some legal calls...

My experience? Everything was fine for a couple years. Now, and out of nowhere they changed my account without any sort of notice other than an "email" changing my card to carry an 8 dollar a month 96 dollar a year annual fee. No reason, no justification. I bet a lot of folks dont even know and are paying that fee blindly. Very very shady business practice. I hope this company enjoys sitting next to Blockbuster, circuit city and radio shack. Update: after the interest and fee 3 goes to principl

BE CAREFUL! They will randomly switch your account over and impose fees, with your only options being to deal with it or opt out entirely (i.e. closing your acc, irradiating a line of credit). No warning and no explanation! Even after speaking with a representative, they could not answer as to why this was. My initial account had no monthly fees, a grace period for payments, and virtually no limitations on what I could buy. Now my apr is higher, I'm forced to pay $8 a month, late fees, and more!