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Advertiser Disclosure
    Best of 2023
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    Introducing

    Petal® 2 Visa® Credit Card

    Petal® 2 Visa® Credit Card

    DollarGeek Rating:

    (4.6/5)
    Apply Now
    on WebBank's website
    All details on the WebBank Reserve® has been collected by DollarGeek to help consumers better compare credit cards. The financial institution did not provide the details. The information may change and is not guaranteed.

    Fees & APRs

    Fees and APRs will vary, always be sure to check with the card issuer.

    Annual Fee $0 per year
    Balance Transfer Fee N/A
    Purchase Intro APR N/A
    Transfer Intro APR N/A
    Regular APR 12.99% - 26.99%

    Rewards

    Dive into the geeky details and see how you reap the benefits.

    • 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

    Geeky Insight

    Read through our extensive research on the Petal® 2 Visa® Credit Card and see if its the best credit card for you.

    The Petal® 2 Visa® Credit Card is one of the best starter credit cards available to people with limited or no credit history. With $0 fees across the board, rewards equal to 1 - 1.5% cash back on all purchases, and monthly credit-bureau reporting, the Petal 2 Visa Card has all the ingredients needed to grow a good credit score and take a newcomer’s finances from seed to sprout to full bloom.

    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

    Annual Fee: $0

    “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.
     

    Rewards Rates: 1 - 1.5% Cash Back

    The Petal 2 Visa Card gives at least 1% cash back on all 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% 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.
     

    Credit Limits: $500 - $10,000

    Most starter credit cards have $300 minimum credit limits, but $500 is not unheard of. 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.
     

    Initial Bonus: None

    Student credit cards tend to be the only credit cards for people with limited credit that offer initial rewards bonuses.
     

    APR: 12.99% - 26.99% (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 17.98%.
     

    Foreign Fee: 0%

    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.
     

    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.
     

    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.
     

    Reviews: 4.0 from 60+ WalletHub user ratings

    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.

    Additional Information

    Spend some time reviewing the last details on the Petal® 2 Visa® Credit Card.

    • No fees whatsoever. No late fee, foreign transaction fee, annual fee, or any-other-kind-of-fee, fee.
    • Variable APRs range from 15.99% - 29.99%
    • $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, Member FDIC

    Related Credit Cards:

    If you are interested in the WebBank Credit Card, check out the following credit cards as well:

    AAA Credit Card
    Wells Fargo Active Cash® Card
    Blue Cash Everyday® Card from American Express
    Delta SkyMiles® Reserve American Express Card

    DollarGeek serves as an independent comparison service. Our team works 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. When you click "Apply Now" you will be directed to the offering institution's website. In addition, keep in mind that actual rates and other information may vary for a number of reasons including the applicant's' creditworthiness and differences between an individual's situation and the criteria/assumptions used to generate the information displayed. Before submitting an application, always verify all terms and conditions with the offering institution. Please let us know if you notice any differences.

    Ad Disclosure: Offers originating from paying advertisers are noted as “Sponsored” at the top of this page. Advertising may impact how and where offers appear on this site (such as the order in which they appear and where they are on the page). The team at DollarGeek tries to present a wide array of offers, but our offers do not represent all financial services companies or products.

    Regardless of whether an offering institution is a paid advertiser, the presence of offer information on DollarGeek does not constitute a referral or endorsement of the institution by us or vice versa. Furthermore, offers have not been reviewed or approved by the offering institution. Information is displayed first and foremost to help consumers make better decisions.

    Editorial Disclaimer: Editorial and user-generated content on this page is not provided, commissioned, reviewed, approved or otherwise endorsed by the issuer. In addition, it is not issuer’s responsibility to ensure all posts and/or questions are answered.

    Last Updated: Mar 17th, 2020 at 03:08 PT

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    Disclaimer: DollarGeek has an advertising relationship with some of the offers included on this page. However, the rankings and listings of our reviews, tools and all other content are based on objective and independent analysis. If you’d like more information please check out our full Advertising Disclosure. We make efforts to present the best possible deals available to the general public, but we make no warranty that such information represents all available and existing products. DollarGeek strives to keep its information accurate and up to date, but makes no guarantee. The information in our reviews could be different from what you find when visiting a financial institution, service provider or a specific product’s website. All products are presented without warranty.

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