Petal Credit Card Review

We publish unbiased reviews; our opinions are our own and are not influenced by payments we receive from our advertising partners. Learn about our independent review process and partners in our advertiser disclosure.

The Petal Credit Card, issued by WebBank, makes it easy for credit newbies to earn rewards without any fees. This card is best for people who want to build credit and learn positive credit habits while earning some cash back along the way.

Petal Visa® Credit Card

Overall Rating
4.1
Petal Visa® Credit Card
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Poor - Excellent
Regular APR (%) 12.99% - 29.49% variable
Annual Fee $0
Rewards Earning Rate 1% cash back on all purchases. 1.25% after 6 months of on time payments, and 1.5% after 12 months of on time payments.
Foreign transaction fee (%) 0%
Ratings Breakdown
for Interest
1.9
for Fees
3.5
for Rewards
2.9
for Credit
4.4

Who Is This Credit Card Best For?

  • Avatar for Deal Seeker Persona
    Diligently searches for the best products and delights in a good bargain See more cards
    Deal Seeker
  • Avatar for Savvy Saver Persona
    Prioritizes sticking to their budget while buying what they want and need See more cards
    Savvy Saver

Because the Petal Credit Card is available to consumers with limited credit or no credit at all, you should consider this option as an alternative to a secured credit card. While secured credit cards require you to put down a cash deposit as collateral to secure your line of credit, the Petal Credit Card, an unsecured card, does not.


The lack of fees with this card—and the fact you can earn rewards—makes it a smart option for anyone who is ready to build credit for the first time.

Pros
  • Available to consumers with limited or no credit history

  • Earn higher rewards rates after making on-time payments

  • No major fees

  • Earn more cash back by shopping at partner stores

Cons
  • Limited redemption options for rewards

  • Minimum rewards balance required to redeem via check

Pros Explained

  • Available to consumers with limited or no credit history: You can apply without a credit history, and you can prequalify for the card without a hard inquiry on your credit report. 
  • Earn higher rewards rates after making on-time payments: This card reinforces good habits by giving you access to a higher rewards rate when you consistently make on-time credit- card bill payments. 
  • No major fees: The Petal Credit Card charges no annual  or foreign transaction fees, no late payment fees, or any other kind of fees.

Cons Explained

  • Limited redemption options for rewards: You can only redeem your rewards for statement credit or check, not for gift cards or merchandise like some other cash-back credit cards do. 
  • Minimum rewards balance required to redeem via check: There’s no minimum rewards balance you need to redeem your cash back for a statement credit, but if you want your rewards in check form, you must have at least $20 in rewards. 
  • No bonus for new cardholders: The card does not offer a welcome bonus, which is relatively common for most rewards cards, even ones for bad credit. For example, the Discover it Student card matches all the rewards you earn in the first year.

Earning Points & Rewards

The Petal Credit Card offers a tiered rewards program that incentivizes you to pay your bill on time. You’ll start out earning 1% cash back on all purchases. From there, you’ll earn 1.25% back once you make six on-time payments, then 1.5% back once you’ve made 12 monthly payments on time.

When compared to other rewards cards like it, the Petal fares well. It’s the only card for those with low or no credit scores that provides a 1.5% cash-back rate.  

An on-time payment means you make at least the minimum payment by the date on your bill. To avoid debt and interest charges, pay your statement balance full each time it comes due. 

Redeeming Rewards

This card lets you redeem your cash rewards as a statement credit or via a check. There is no minimum for statement credit redemptions but you’ll need to redeem at least $20 to get a check. While these options are good ones, note that many cash-back credit cards a broader selection of redemption options including gift cards, merchandise, charitable donations, and more. 

How to Get the Most Out of This Card

Since the Petal Credit Card is geared to consumers with a limited credit history, you’ll want to use it regularly to build good credit. Fortunately, this credit card reports to all three credit reporting agencies—Experian, Equifax, and TransUnion.

Sign up and use your credit card for all your regular purchases, then make your payments early or on-time in order to earn more cash-back as the months progress.

Customer Experience

The Petal Credit Card provides phone and email support.It provides a mobile app that helps you track your spending and manage your money in one place. It also gives you the ability to track monthly changes in your Experian credit score, which is an important habit to get into was you try to build good credit scores  

Security Features

The Petal Credit Card comes with standard security features and the ability to freeze or unfreeze your account from the mobile app, at any time you want. 

Petal Credit Card Fees

The Petal Credit Card doesn’t charge any out-of-the-ordinary fees to speak of.

Next Steps
For Petal Visa® Credit Card
Compare This Card
See how this card stacks up to the competition
CURRENT CARD
Petal Visa® Credit Card
overall rating
4.1
Recommended Credit Score Our recommended ranges are based off of the FICO® Score 8 credit-scoring model. Credit score is one of the many factors lenders review in considering your application.
350 579
580 669
670 739
740 799
800 850
Poor - Excellent
Regular APR (%) 12.99% - 29.49% variable
Annual Fee $0
Rewards Earning Rate 1% cash back on all purchases. 1.25% after 6 months of on time payments, and 1.5% after 12 months of on time payments.
Our Methodology
At The Balance, we are dedicated to giving you unbiased, comprehensive credit card reviews. To do this, we collect data on hundreds of cards and score more than 55 features that affect your finances.
  • Our Reviews Are Always Impartial: No one can influence which cards we review, the way we present them to you, or the ratings they receive. The scores and reviews come directly from the data we collect and our editorial expertise, and we focus on three areas:
  • How Much Does It Cost? With credit card debt at an all-time high, we believe you should know the cost of carrying a balance. Because of that, we give regular purchase APRs significant weight in overall scores, and cards receive low marks if they have an array of pricey fees.
  • What Are the Rewards Worth? Cards accumulate rewards in different currencies—points, miles, cash back—and their values vary widely. To simplify the problem, we built a system that fairly compares rewards and gives them a dollar value. We do this by looking at the ways you can earn and use rewards, which includes evaluating Americans’ typical spending habits and analyzing common travel patterns.
  • Does It Make Your Life Easier? Our scoring system favors cards that accept a wide range of credit profiles and offer simple solutions for things like checking your credit score or contacting customer service. Finally, we give preference to credit cards that have several tools for dealing with fraudulent charges.
  • For every review on The Balance, we hold the credit cards to these standards, and we set the bar high. While we recognize the appeal of splashy features like six-digit sign-up bonuses, our approach ensures that credit cards with the best combination of value, affordability, and accessibility receive the highest scores. See our full methodology for more details.

Article Sources

The Balance requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy .
  1. Petal Card. "Legal". Accessed Sept. 16, 2020