Petal 2 Visa® Credit Card

Advertiser Disclosure Editorial Disclosure

Last updated on October 4th, 2022

Petal 2 Visa® Credit Card

Earn Up To 1.5% Cash Back On All Purchases

Petal 2 Visa® Credit Card
  • Regular Purchase APR 17.24% to 31.24% variable based on the Prime Rate
  • Annual Fee None
  • Credit uses a variation of FICO Score 8, which is one of many different types of credit scores. A financial institution may use a different score when deciding whether to approve you for a credit card.
    Good , Fair
  • Processing Network Visa
Best Benefits
  • No fees whatsoever. No late fee, foreign transaction fee, annual fee, or any-other-kind-of-fee, fee.
  • Variable APRs range from 17.24% to 31.24%
  • 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
  • $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
Rates & Fees
  • Regular Purchase APR: 17.24% to 31.24% variable based on the Prime Rate
Deals and Discounts

At a Glance

The Petal 2 Visa® Credit Card is a decent option for those looking to raise their credit score but don’t want to pay fees. The card offers 1%-1.5% cash back on all eligible purchases and features no annual fee, no foreign transaction fees, and more. The card is issued by WebBank.

Ideal for Those Who:

  • Don’t want to pay an annual fee
  • Plan to make their monthly payment on-time each month
  • Hate hidden fees
  • Have average credit

Petal® 2 “Cash Back, No Fees” Visa® Credit Card Review

The Petal® 2 “Cash Back, No Fees” Visa® Card is a no annual fee, cash back rewards credit card for people serious about boosting their credit score.

1% Unlimited Cash Back to Start

The most significant difference between the Petal 2 and Petal 1 is that the Petal® 2 “Cash Back, No Fees” Visa® Credit Card earns 1% cash back on all eligible purchases to start. This 1% cash back isn’t spectacular, as it is a common feature with an ever-increasing number of credit builder cards, plus many checking and debit accounts.

After six on-time monthly payments, that 1% cash back becomes 1.25%, not bad. However, the real highlight with the Petal 2 is that the 1% cash back becomes 1.5% unlimited cash back after 12 on-time monthly payments. For a credit card aimed at consumers with subprime credit scores (namely, average credit), 1.5% cash back on all eligible purchases can be tempting.

The Petal 2 Visa also earns between 2% and 10% back on purchases with select retailers. This feature also appears with the Petal 1 Visa – still, it is a nice little bonus for cardholders.

Cash Score Creditworthiness Model

Petal can generate insights into an applicant’s creditworthiness on their proprietary “Cash Score.” This process analyzes credit history, banking, and other aspects of an applicant’s history to gauge their creditworthiness. Petal says this provides access to higher credit limits and broader acceptance.

No Fees and an Excellent APR

The Petal 2 Card features the same lack of fees as the other offering from Petal (the Petal 1 Card), with no foreign transaction fees, no penalty APR, no late fees, no over-the-limit fees, and more.

Credit limits with the Petal® 2 “Cash Back, No Fees” Visa® Credit Card are also impressive. Credit lines start at $300 (the same as Petal 1) but rise to $10,000 – a very healthy credit limit, indeed.

Other Features 

Other notable features with the Petal 2 “Cash Back, No Fees” Visa Credit Card include:

  • Monthly reporting to the three major credit bureaus (Experian, Equifax, and TransUnion)
  • Basic Visa perks and protection, including Zero Fraud Liability, Roadside Dispatch, and more

Should You Apply for the Petal® 2 “Cash Back, No Fees” Visa® Credit Card?

The Petal® 2 “Cash Back, No Fees” Visa® Credit Card is an interesting credit card for several reasons. First, the card’s chance at more significant cash back with on-time payments is an excellent lure for those serious about building their credit and willing to put the work in.

Second, the excellent interest rates and generous credit limits are likely better than many applicants can find elsewhere. Finally, the lack of fees is a hallmark of any decent fintech credit card – and something the Petal credit cards knock out of the park.

These features make the Petal 2 an enticing credit card offer for people with decent credit who want an alternative to the other credit cards for fair credit scores on the market today. The Petal 2 Visa isn’t the most complete credit card available – by far – but it provides an excellent jumping-off point for those willing to put in the work – and desiring a great entry-level rewards card.

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Advertiser Disclosure

BestCards is an independent, Florida-based credit card comparison platform. Many of the card offers that appear on this site are from companies from which BestCards receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). BestCards does not include all card companies or all card offers available in the marketplace.

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