The Petal Credit Card advertises itself to have a “high credit limits, great rates, no fees, and no credit score required.” They approve you based on how much money you make and the bills you already pay, making it a great card option for young adult, and lower-income consumers. The card emphasizes affordability with no annual fee, no fees of any kind; no late fees, no foreign transaction fees.
What’s interesting is that they don’t sky-rocket their Purchase Interest APR to 29.99%; Sitting at 17.99%-24.99% APR. The credit limit can range from $500-$10,000. So if you’re interested, be sure to read on! It could be of interest to you to check out our full list of Best Secured Credit Cards of 2017 as well!
| BONUS LINK | OFFER | REVIEW |
| Chase Business Complete Checking® | $300 or $500 Cash | Review |
| Chase Private Client | $3,000 Cash | Review |
| Chase Total Checking® | $300 Cash | Review |
| Chase College CheckingSM | $100 Cash | Review |
| J.P. Morgan Self-Directed Investing | Up To $700 Cash | Review |
| Chase Secure BankingSM | $100 Cash | Review |
Alternative Credit Card Bonuses:
The Petal Credit Card Summary:
- Learn More
- Best Feature: Rebuild Credit at no fees
- Annual Fee: None
- Expiration Date: None
- Additional Advice: Provide financial information regarding your cash flow for easier approval
The Petal Credit Card Features:
- No annual fee
- No rewards program
- No fees of any kind (e.g no late fees, foreign transaction fees etc)
- Variable APR of 17.99%-24.99%.
- Minimum interest charge of $0.50
- Credit limit of $500-$10,000
Platinum Secured Pros:
- No annual fee
- Qualify with limited / no credit
- No fees attached
Platinum Secured Cons:
- No Rewards or Sign-up Bonus
Conclusion:
The Petal VISA Credit card’s catered towards those with no credit to lean on, offering promises of no fees and a decent interest APR that won’t pile on unnecessary fees. It’s still necessary to pay off your balance at every statement cycle. There’s no rewards or sign-up bonus attached to this card, but I feel that it’s justified with no fees and a higher credit limit. There really is a market for these types of cards and judging from the pre-launch page, the card is as transparent as possible and could definitely be of some usage to college students, etc. Be sure to also check out our Best Secured Credit Cards of 2017 as well as our complete list of Credit Card Promotions for your credit card needs!
