WalletHub Rating
4.8/5
The Petal® 2 Visa® Credit Card is a very good starter credit card for people with limited or no credit. The Petal 2 Visa Card is worth considering because it has $0 fees, rewardsof 1 - 1.5% cash back on alleligible purchases, and monthly credit-bureau reporting. Info about the Petal® 2 Visa® Credit Card has been collected by WalletHub to help consumers better compare cards. The financial institution did not provide the details.
WalletHub Rating Breakdown
User Reviews
3.2/5
592 reviewsRead and write reviews
Editor’s Review
5.0/5
John Kiernan, Credit Card EditorRead full review
Market Comparison
Market Comparison
4.9
The Market Comparison is a key component of the WalletHub Rating, as it measures how appealing the terms of a card are compared to a pool of over 1,500 credit card offers monitored by WalletHub. To ensure cards are evaluated for their most relevant purpose, we score each card across various cardholder needs and select the rating for the need with the highest score, which is “Improve Credit by Paying in Full Each Month” for this card.
Fees
5.0
Rewards
5.0
Cost
4.9
Other Features
4.5
4.9/5
Compared against 1,500+ credit cards
KEY TERMS
Accepted Credit Scores
Accepted Credit Scores
Excellent Credit, Good Credit, Fair Credit, Limited History, No Credit
Petal 2 Card Annual Fee
$0
Petal 2 Card APR on Purchases
18.24% - 32.24% (V)
Petal 2 Card Balance Transfer
Balance Transfers Not Allowed
Petal 2 Card Rewards
Up to 1.5% cash back on eligible purchases after making 12 on-time monthly payments.
1% cash back on eligible purchases right away
2% - 10% cash back at select merchants
Petal 2 Card's Additional Info
No fees whatsoever. No late fee, foreign transaction fee, annual fee, or any-other-kind-of-fee, fee.
Variable APRs range from 18.24% - 32.24%
$300 - $10,000 credit limits
No credit score? No problem. If eligible, we'll create your Cash Score instead.
See if you're pre-approved within minutes without impacting your credit score.
Build credit alongside hundreds of thousands of Petal card members.
Petal reports to all 3 major credit bureaus.
No deposits required
Card issued by WebBank
show more
Learn More
at Petal's secure site
Editor's ReviewFact checked
Fact checked
John Kiernan, Managing Editor
May 21st, 2024
Fact Checked by Alina Comoreanu
Senior Researcher
Petal 2 Card Pros & Cons
No membership fees
No foreign fee
Qualify with limited or no credit history
Does not require security deposit
No rewards bonus
No balance transfers allowed
Petal 2 Card Review
5.0 / 5
The Petal® 2 Visa® Credit Card is a very good starter credit card for people with limited or no credit. The Petal 2 Visa Card is worth considering because it has $0 fees, rewardsof 1 - 1.5% cash back on alleligible purchases, and monthly credit-bureau reporting.
Getting approved for the Petal 2 Card shouldn’t be too difficult, even for young people with limited or no credit experience. The card’s main requirements are that an applicant must be at least 18 years old and a legal U.S. resident with a Social Security number or Individual Taxpayer Identification Number and enough income or assets to afford monthly bill payments, in light of existing financial obligations.
The key to making the Petal 2 Visa Card pay off is to pay the full statement balance owed by each due date. On-time payments will make the card more rewarding over time. And by paying in full, you can avoid the card’s potentially high interest rate.
If you’re not sure whether applying for the Petal 2 Card is the right move for you, we’ll explain the most important considerations in more detail below.
Petal 2 Card Review Highlights
$0Annual Fee
“No annual fee” is the most important credit card feature for newcomers. Annual fees can easily outweigh the value of rewards on starter credit cards.
0%Foreign Fee
Internationally-processed purchases won’t cost you extra with the Petal 2 Card. That could save you money not only if you travel abroad, but also if you make purchases through internationally-based merchants while in the U.S.
Initial Bonus: None
Student credit cards tend to be the only credit cards for people with limited credit that offer initial rewards bonuses.
APR: 18.24% - 32.24% (V)
Each applicant who is approved for an account receives a rate from that range, based on their overall creditworthiness. In particular, creditors consider an applicant’s credit score, income and existing financial obligations. For context, the average credit card offer charges about 22.89%.
Credit Limits: $300 - $10,000
Most starter credit cards have $300 minimum credit limits. Credit newcomers are unlikely to qualify for a limit anywhere near the $10,000 maximum, however.
Still, the fact that the Petal 2 Card’s limits do skew higher than normal for a no-credit credit card could benefit your credit score. Assuming your spending stays the same, a higher limit would result in lower credit utilization.
Rewards Rates: 1 - 1.5% Cash Back
The Petal 2 Visa Card gives at least 1% cash back on all eligible purchases. The earning rate goes up to 1.25% cash back after six straight months of on-time payments, and it jumps again – to 1.5% cash back – after 12 consecutive months of paying on time. In other words, the Petal 2 Card promotes responsible habits by providing a lot of rewards value as an incentive.
For context, the average cash rewards card gives 1.15% back on all purchases. That’s market-wide, too, not just among credit cards for people with no credit. In fact, most credit cards for no credit can’t compete with Petal when it comes to rewards.
Card Issuer: WebBank
WebBank is a relatively small credit card issuer based in Salt Lake City, Utah. In addition to the Petal 2 Card, WebBank issues the Petal® 1 Visa® Credit Card, the Fingerhut Credit Account and other co-branded credit card accounts.
Card Network: Visa
Visa is one of the four major card networks, along with Mastercard, American Express and Discover. The fact that it’s a Visa card means you can use the Petal 2 Card anywhere that accepts plastic.
Credit-Bureau Reporting: 3 bureaus, monthly
Monthly credit reporting gives cardholders the opportunity to build good credit history by paying bills on time and keeping balances well below the credit limit.
The Petal 2 Card has not been around for long, having launched in October 2018. And this newcomer credit card is pretty darn good for credit card newcomers. To make sure it’s the right fit for you, click the “Apply Now” button on this page and check for Petal 2 Card pre-approval. It won’t affect your credit at all, and you’ll be able to get a sense of how likely you are to be approved if you do apply for real.
By the way, if you apply for the Petal 2 Card and do not get approved, you will automatically be considered for the new Petal 1 Card, which offers less in rewards but is easier to get.
Show More
Petal 2 Card Video Review
Compare The Petal 2 Card vs. Popular Alternatives
 Petal® 2 Visa® Credit Card |  Discover it® Secured Credit Card |  Credit One Bank® Platinum Visa® for Rebuilding Credit |
|---|---|---|
4.8WalletHub Rating WalletHub Rating 4.8 This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Improve Credit by Paying in Full Each Month." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs. Editor’s Rating 5.0 User Reviews 3.2 Market Comparison 4.9 fees: 5.0 rewards: 5.0 cost: 4.9 Other Features: 4.5 | 4.7WalletHub Rating WalletHub Rating 4.7 This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Improve Credit by Paying in Full Each Month." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs. Editor’s Rating 5.0 User Reviews 3.7 Market Comparison 4.8 fees: 5.0 rewards: 5.0 cost: 5.0 Other Features: 3.0 | 2.7WalletHub Rating WalletHub Rating 2.7 This card has been scored using WalletHub’s proprietary credit card rating system. We evaluated this card for various cardholder needs and picked the rating for the need with the highest score, which is "Rebuild Damaged Credit by Paying in Full Each Month." A score of 5 is the best a card can receive, and the rating for the card may vary on different pages where it is compared to other cards for different needs. Editor’s Rating 3.0 User Reviews 3.6 Market Comparison 2.6 fees: 2.5 rewards: 5.0 cost: 1.5 Other Features: 4.7 |
annual fee$0 | annual fee$0 | annual fee$75 intro 1st yr, $99 after |
rewards rate | rewards rate | rewards rate |
bonus offer | bonus offer | bonus offer |
Purchase Intro APRNot Offered | Purchase Intro APRNot Offered | Purchase Intro APRNot Offered |
transfer intro aprNot Offered | transfer intro apr10.99% for 6 months|Transfer Fee: 3% intro balance, up to 5% fee on future balance transfers (see terms)* | transfer intro aprNot Offered |
Regular APR18.24% - 32.24% (V) | Regular APR28.24% Variable | Regular APR29.74% (V) |
Sponsored Apply Now | Sponsored Apply Now |
Questions & Answers
Can't find what you are looking for? Submit your question about Petal® 2 Visa® Credit Card to our community. Editorial and user-generated content is not provided, reviewed or endorsed by the issuer of this offer. Please keep in mind that it is not a financial institution’s responsibility to ensure all posts and questions are answered. In addition, WalletHub independently collected information for some of the cards on this page.
Most Popular
Upvotes
Is Petal an actual credit card?
Reply
Chip Lupo, Credit Card Writer
@CLoop
A Petal card is an actual credit card issued by WebBank. The Petal® 1 Rise Visa® Credit Card, the Petal® 1 Visa® Credit Card, and the Petal® 2 Visa® Credit Card are unsecured credit cards that are available to individuals with less than 3 years of credit history. In addition, Petal credit cards report account activity to the major credit bureaus, so they can help you build credit.
Key Things to Know About Petal Credit Cards
Easiest to Get:Petal® 1 Rise Visa® Credit CardPetal® 1 Rise Visa® Credit CardLearn MoreLearn More
Minimum Credit Required: Limited History
Annual Fee: $59
Rewards: 2% - 10% cash back at select merchants
Regular APR: 28.49% - 35.74% (V)
Network: Visa
- Limited Credit:Petal® 1 Visa® Credit CardPetal® 1 Visa® Credit CardLearn MoreLearn More
Minimum Credit Required: Limited History
Annual Fee: $0
Rewards: 2% - 10% cash back at select merchants
Regular APR: 25.24% - 34.74% (V)
Network: Visa
- Limited Credit with Rewards:Petal® 2 Visa® Credit CardPetal® 2 Visa® Credit CardLearn MoreLearn More
Minimum Credit Required: less than 3 years of credit history
Annual Fee: $0
Rewards: 1% cash back on all eligible purchases, up to 1.25% back after 6 months of on-time payments, and 1.5% cash back after 12 consecutive months of paying on time (2% - 10% cash back at select merchants)
Regular APR: 18.24% - 32.24% (V)
Network: Visa
Note that there's only one application for all three Petal credit cards, and if you qualify, you'll receive the best offer based on your creditworthiness. To see where you stand before you apply, sign up for a free WalletHub account and get daily credit score updates. You'll also get personalized tips on how to build credit with WalletHub's free credit analysis.
Upvotes
What is the Petal 2 Card credit limit?
Reply
Chip Lupo, Credit Card Writer
@CLoop
The Petal 2 Card credit limit is $300 to $10,000. Everyone who gets approved for Petal 2 Card is guaranteed a credit limit of at least $300, and particularly creditworthy applicants could get limits a lot higher than that. The higher an applicant's credit score and income are, the higher the starting credit limit is likely to be.
The Petal 2 Card credit limit that you start with isn't necessarily your credit line forever. WebBank will evaluate your account periodically...
show more
19
Upvotes
Does Petal 2 Visa Credit Card have pre-approval?
Reply
19
13
Jason Miles, Wallethub Credit Card Consultant
@jasonmiles42
Yes, the Petal 2 Card does have pre-approval. Petal has an online pre-approval page where potential applicants can quickly check their odds of approval for certain Petal credit cards before they apply for one.
Current Petal customers may also receive pre-approved offers periodically by e-mail. And in some cases, Petal will mail people pre-approved offers for a specific credit card.
Getting pre-approved for a Petal 2 Card indicates that your chances of being approved for an account...
show more
6
4
Upvotes
What bank issues the Petal 2 Credit Card?
Reply
John Miller, Credit Cards Moderator
@john_miller
The Petal 2 Card is issued by WebBank, an FDIC-insured bank headquartered in Salt Lake City, Utah. In addition to the Petal 2 Card, WebBank issues the Petal® 1 Visa® Credit Card and other co-branded credit card accounts.
The Petal 2 Card is a good starter card, meant for people with limited credit. It has a $0 annual fee and it reports monthly to the three major credit bureaus.
28
Upvotes
What's the Petal 2 Visa credit score requirement?
Reply
28
15
Alex Wise, WalletHub Credit Cards Analyst
@Alex_Wise
You don't need a specific credit score to get the Petal® 2 Visa® Credit Card because it is available to people with no credit. However, if you have already established a credit history, you will need at least fair credit (640+ credit score) to get this card.
You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the Petal 2 Card Card, too....
show more
10
1
20
Upvotes
How do I apply for the Petal 2 Visa Credit Card?
Reply
20
15
Robert Stark, WalletHub Credit Cards Analyst
@robert.stark
The only way you can apply for the Petal 2 Card is online. Applications are not accepted by phone or email.The Petal 2 Card is available to legal U.S. residents of the 50 states, Washington, D.C., or U.S. military locations, with a valid SSN or ITIN.
Here's how to apply for the Petal 2 Card:
The first step of the application process is the pre-approval. During this step, only a soft pull is performed, which won't affect your credit...
show more
4
3
Upvotes
Is the Petal card legit?
Reply
3
2
Cameron DiGiovanni, Writer
@cdigiovanni20
Yes, the Petal credit cards are legit credit cards issued by WebBank, an FDIC member that is accredited by the Better Business Bureau and has an A+ BBB rating. The Petal cards can also help you improve your credit score, like any other major credit card.
There are plenty of other reasons why the Petal cards are worth considering, too, even if you've never heard of them. For example, two of the Petal credit cards have...
show more
3
1
11
Upvotes
Is Petal good to build credit?
Reply
11
Ryan P Page, Staff Writer
@ryan_page
Yes, Petal is a good option for building credit. Both Petal cards are good to build credit with because they are easy to get approved for with limited credit and they report to the major credit bureaus monthly. As long as the information reported to the bureaus is positive, it will help you build credit.
How Petal Helps You Build Credit
- Provides access to credit despite limited credit history. The Petal 2 Card and Petal 1 Card...
show more
1
1
Upvotes
Does the Petal 2 Visa Credit Card have a grace period?
Reply
Chip Lupo, Credit Card Writer
@CLoop
Yes, the Petal 2 Card has a grace period of at least 21 days, lasting from the end of each billing cycle until the payment due date. If cardholders pay their Petal 2 Card statement balance in full every month, WebBank will not charge any interest.
Keep in mind that you are not required to pay the entire balance by the due date. But if you decide to pay less than the full amount due, you will lose...
show more
15
Upvotes
How can I pre-qualify for the Petal Cash Back Visa?
Reply
15
8
Debbie fischer, WalletHub Analyst
@debbie.fischer
You can't pre-qualify for the Petal Cash Back Visa, but you can get pre-approved if they send you a mail offer. A mail offer means that you met the criteria to qualify and it doesn't affect your credit score.
However, to get the Petal card, you'll still need to submit an application. Just go to this page and enter your unique invite code and last name. Your credit score may be affected if you decide...
show more
3
2024 WalletHub Awards
Petal® 2 Visa® Credit Card is an Editor's Pick for:
Credit Cards for Recent College Graduates
Rewards Credit Cards
Best Credit Cards of 2024
Easiest Credit Cards to Get Approved For
Show More
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Petal 2 Card Reviews
Share your insights and review for the Petal® 2 Visa® Credit Card
5
27%
4
20%
3
19%
2
13%
1
21%
3.1
592 reviews
592 reviews
What's Your Rating?
Most Recent
Shannon Harvey
@sharvey327
1 Star Rating
Accidentally made too big of a payment on my credit card and then the app would not let me cancel it; my fault so no worries on that. I still needed to cancel it as it was for an amount bigger than what I currently held in my bank account. I emailed them and they said to call my bank to stop it, so I called my bank, and lo and behold, they said to contact my credit card company. Okay, no biggie, but after sending multiple emails back to Petal, I get no response and a negative balance on my bank statement. I give them 1 star not only for the card itself but the pss poor customer service and inability to assist me. I feel a company's customer service is what makes and breaks them. It's fine that the only option when you click 'contact us' is an email address, but you better answer the email! Will be canceling my card as soon as possible, especially since there are so many better options with better customer service. Dislike.
Comment
1
gdavi144
@gdavi144
1 Star Rating
No protection against credit card wrongful charges. The merchant charged hidden service fees, and when I filed a dispute, nothing was done.
Comment
Jayna McCarvill
@jay__mcc
1 Star Rating
I applied for a 500-dollar credit limit. On top of all my other bills, which I know many people can relate to, this exclusively online card slipped my mind. I didn't receive any in-person mail, emails, or notices of any kind. Today, a constable with a badge showed up in my driveway, handing me a court summons and recording a live video of me as I was just getting home from work. They had increased the amount to almost 1,000 dollars. If this is their typical business practice regarding 23-year-old individuals who are on their own, I wouldn't recommend this card to anyone who makes a human error every now and then!
Comment
tminnix
@tminnix
1 Star Rating
I placed an order and never received it. After going through PayPal and trying to resolve the issue, they sided with the scammer and said they couldn't do anything, even though I provided them with all the information I had. Do yourself a favor and don't do business with them.
Comment
1
john tilocca
@jtilocca
1 Star Rating
Now they are charging a $10 "cash-like transaction fee" for online subscriptions. So a $4.99 subscription from OF is now being charged at $14.99.
Comment
2
newbeginnings4526
@newbeginnings4526
1 Star Rating
This card is inadequate, and I regret accepting it. I always made my payments on time, but when I decided to pay off the card, they wouldn't accept my payments because I wouldn't link my bank account to this card. In the end, I was able to cancel and close the account. It was a true waste of time. Worst card in the world with even worse customer service.
Comment
2
duplessism00
@duplessism00
I didn't know they could not accept payments. How can that be legal? Hypothetical question. Thanks for the information!
Comment
4
2
Anonymous
@Anonymous
1 Star Rating
Horrible card—I applied and was approved for a $1350 limit, and after a few months of having this card, I disputed three charges from Apple.com. The dispute process took 90 days, and Petal refused to release the funds that were held by Visa and took their sweet time. So I requested for my card to be closed and asked them to update the status as "closed" on my credit bureau. They refused, and it took another 90 days after I closed my credit card to update as "closed" on many credit bureaus. Additionally, the agents were rude. Stay away from this company.
Comment
2
jnkmail114
@jnkmail114
1 Star Rating
By far the worst credit card company to ever exist! Do not waste your time with this sorry excuse for a company. God forbid life happens to you and you can't pay your card; they don't care at all and will continue to report you to the credit bureaus. They do not offer a hardship program and this company is all around A POS!!!!!!!!!
Comment
2
Dana LeMay
@danalemay
1 Star Rating
Company screwed me over, forcing me to get a petal 1 rise credit card over my original petal 2 which has fees and a monthly payment. They refuse to change my account, stating their system can't handle that, yet their system handled changing my account in the first place. I have a 750 credit score, on time payment history with them for 3 years, and they screw me over. Do NOT get this card.
Comment
1
Byron Brockmeyer
@bbrockm
2 Star Rating
Paid my balance off in mid September and as of 12/02 they still are reporting that I have a max balance that was last correct in July.
Comment
1
Review Petal® 2 Visa® Credit Card
Expert Thoughts on Petal 2 Card
To help people learn more about the Petal 2 Visa Credit Card, WalletHub posed the following questions to a panel of experts. You can see who they are and what advice they had to share below.
- Would you recommend the Petal 2 Visa Credit Card to your students? Why or why not?
- Why do you think Petal gave the Petal 1 Visa and the Petal 2 Visa such similar names? What impact do you think this has on consumers?
- Is it a good idea for credit card companies to tie rewards rates to on-time payments, at least for credit newcomers?
- Do you think people with a limited credit history are more likely to apply for a credit card from a company without much brand recognition?
Gary Bliss
Senior Lecturer, Florida State University, College of Business
Read More
Karen Becker-Olsen
Ph.D. – Associate Professor, Department of Marketing and IDB, The College of New Jersey
Read More
Joetta Forsyth
Ph.D., Author of Financial Wisdom, Associate Professor of Finance, Pepperdine Graziadio Business School
Read More
Petal® 2 Visa® Credit Card
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Advertising enables WalletHub to provide you proprietary tools, services, and content at no charge. Advertising does not impact WalletHub's editorial content including our best credit card picks, reviews, ratings and opinions. Those are completely independent and not provided, commissioned, or endorsed by any issuer, as our editors follow a strict editorial policy.
WalletHub is not a financial advisor. Our goal is to provide you with top-notch content, data, and tools. You are responsible for deciding what financial products and providers are best for your needs.
Irrespective of whether an institution or professional is a paid advertiser, the presence of information on WalletHub does not constitute a referral or endorsem*nt of the institution or professional by us or vice versa.
We work hard to show you up-to-date product terms, however, this information does not originate from us and thus, we do not guarantee its accuracy. Actual terms may vary. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.
* The information about the following cards has been independently collected by WalletHub: Fingerhut Credit Account, Petal® 2 Visa® Credit Card, Petal® 1 Visa® Credit Card, and Petal® 1 Rise Visa® Credit Card.
