Petal

Petal Card

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

Generally speaking, I've enjoyed having Petal. They approved me for a small limit when I really needed to build my credit and I've never had a problem with them until now. Currently, the app states that it needs updated, but no update is available according to Google play. It's a little annoying, because I prefer the app over the website. That said, at least the website is available.

Worst credit company. I've been a loyal customer for years now and have always paid my debt off on time, but just recently, I hit a brick with keeping up with their high apr and late fees. I took a settlement offer so I could just end on better terms and close my account, and they recinded my offer within the span of a few hours and said they no longer offer it despite my app telling me I have one and a supervisor having accepted it hours prior. Can't transfer debt either. Do not use Petal.

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...

What’s new

Various usability improvements and bug fixes