Petal introducing a new credit card for responsible credit-building
Petal 1 is a no-annual-fee Visa credit card paired with a mobile app that delivers the modern features, tools, and guidance that customers need to financially succeed.
Petal 1 is a different card, designed to include an even larger audience: consumers who already have a credit history and want to improve their credit safely, responsibly, and affordably.
Petal 1 is optimized for responsible credit-building. There’s no upfront or annual fee to use the card. In fact, if customers make their payments on-time, there are no fees at all (since fees apply only for late and returned payments). With Petal 1, credit limits are between $500 and $5,000, variable interest rates range from 19.99% to 29.49%, and members receive between 2% and 10% cash back when they shop at select merchants. The Petal mobile app gives members access to credit score tracking, budgeting tools, subscription management, and automated payment options—everything they need to make financial progress.