Petal

Petal: A fintech revolutionizing credit access and responsible spending. This innovative financial technology company leverages advanced technology to empower individuals to build credit, manage debt effectively, and practice responsible spending habits. Unlike traditional credit systems that heavily rely on credit scores, Petal utilizes millions of additional data points to expand credit access, even to those with no prior credit history.

Petal offers two credit cards:

• Petal 1: Ideal for credit-building, this card boasts no annual fee and credit limits ranging from $300 to $5,000.
• Petal 2: Petal's premium offering provides cashback rewards without any fees whatsoever (no annual fee, late payment fee, or foreign transaction fee).

Both cards offer attractive 2%-10% cashback rewards from numerous top brands and local businesses.

The user-friendly Petal app provides comprehensive financial management tools, including credit score tracking, budgeting features, subscription management, and a centralized view of all linked accounts. Petal reports to all three major credit bureaus, and prior credit history isn't a prerequisite for approval.

Key advantages of Petal:

• Enhanced Credit Access: Expands credit opportunities beyond traditional credit score limitations.
• Credit Building: Petal 1 specifically assists users in building their credit scores.
• Fee-Free Options: Petal 2 offers cashback benefits without any associated fees.
• Generous Cashback: Both cards provide significant cashback rewards.
• Comprehensive App: The Petal app offers robust financial management capabilities.
• Broad Credit Reporting: Reports to all three major credit bureaus.

Important Note: While Petal 2 is fee-free, Petal 1 does include fees for late and returned payments. Petal's advanced technology also contributes to lower variable APR rates.

Petal Screenshots