Petal® 2 'Cash Back, No Fees' Visa® Credit Card

The Petal 2 “Cash Back, No Fees” Visa Credit Card is an excellent starter product developed to cater to the needs of consumers with all credit ratings. The online application process makes getting this card convenient. It comes with a variety of perks, including an advanced mobile app for budget management and no fees whatsoever. Issued by WebBank, Salt Lake City, UT, Petal 2 is a safe and secure visa card you can start using even without spending your hard-earned cash on a security deposit. The cash-back reward program is a perk that you will find quite beneficial, especially if you decide to use this card exclusively for your shopping.

Who Is the Petal 2 Card For?

• This card is ideal for people who are on the lookout for an easy way to start earning a lot of rewards. While the Petal 2 Visa credit card helps you budget and control your spendings while building credit, you will be surprised to find out that no security deposit is required. (See Secured Card with Security Deposit)
• The online application process is easy to complete, and it won’t take you more than a couple of minutes. The pre-approval requirements are average, but WebBank will factor in more metrics than just your FICO scores. The bank will also take into account your spending habits, income, and savings.
• This card is a good option for people interested in cashback rewards programs. Petal 2 Visa credit card offers up to 1.5% cash-back to all customers approved for the card.
• If you are struggling with your budget management, the Petal 2 Visa is here to help, too. It offers a great money management app to help you develop healthy and responsible spending habits.

What are the Petal 2 Visa Benefits?

• The Petal 2 Visa Credit Card offers surprisingly many benefits to its cardholders. Let’s start with a security deposit. Even though it is designed for those with Limited or No Credit applicants, too, the Petal 2 “Cash Back, No Fees” card comes with no security deposit required – it’s an unsecured starter credit card.
• This card also offers a great rewards program. The cash-back rewards program is designed to keep you on course to improving your credit score. At the start, you will get access to a 1% cash-back rate. After 12 months of making on-time payments, the rate increases to 1.5% cash-back on all your purchases.
• As a Petal 2 Visa cardholder, you won’t have to worry about any fees, including the annual fee, the foreign transaction fee (see more offers), or late fee. Late payments won’t trigger APR. The issuing bank makes money with interest charges and merchant transaction fees. However, you can avoid interest charges if you pay your bills on time.
• Since there is no foreign transaction fee, this card can be your valuable travel companion. Keep in mind that it is a Visa card and that it’s accepted worldwide.
• Another great perk is the high credit line. With this credit card, you have chances to get a credit limit as high as $10,000. The credit limit is unique for each cardholder, and it’s based on your creditworthiness.

Are there any Disadvantages?

• When making a decision about which card to choose, you should also weigh the disadvantages. With the Petal 2 Visa credit card, there are a few.
• If you are in for cash-back rewards, you should know that there are better options if you have a solid credit score. Some other credit card issuers offer up to 3% cash-back bonuses or even more.
• Also, you won’t be able to use this card for cash advances. These short-term small loans (check personal loans) are often very welcomed by consumers. Unfortunately, with this card, you can not get it. And finally, the issuer doesn’t allow cardholders to change the minimum payment due date.

Should You Use the Petal 2 Card?

You should definitely consider choosing this card if you what to get-preapproved without affecting your credit score and have a Limited or No Credit History and want help to build one. The bank behind the card is trustworthy and has transparent terms of use and pricing policies. With no fees and the ability to improve credit, and make cash while spending, this card can help you take control of your financial life and qualify for a better card down the line.