Does petal do pre-approval?
Does Petal card have pre-approval
The first part of the application is the pre-approval process which tells you if you're likely a good fit for one of the Petal cards. Submitting your information for pre-approval only takes a few minutes, and won't impact your credit score.
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What credit score is needed for Petal
Credit Rating Requirement:
Fair/New to Credit Under(669) Falling within this credit range does not guarantee approval by the issuer. An application must be submitted to the issuer for a potential approval decision.
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Does Petal pre-approval affect credit score
Petal does run a "hard" credit check when you formally apply for the Petal® 2 "Cash Back, No Fees" Visa® Credit Card. Hard inquiries can knock points off your credit score. Before you get to that point, however, you go through a pre-approval process that consists of a "soft" check that has no impact on your score.
Why won’t Petal approve me
Eligibility to qualify for and use a Petal card depends on the information you provide during the application process, your credit history, and information maintained in your Petal account (if you have one). Based on this information, you may not receive a card if you do not meet previously established credit criteria.
What is the maximum credit limit for Petal 1
$300 to $5,000
Petal 1 has credit limits ranging from $300 to $5,000, and Petal 2 has credit limits ranging from $300 to $10,000.
What is the credit limit for Petal 1
$300 to $5,000
The Petal 1 Card offers a credit limit of $300 to $5,000, has a $0 annual fee that makes it easily worthwhile, and reports to all three major credit bureaus.
What is the minimum credit score for Petal 2 credit card
Petal doesn't specify a minimum credit score requirement, but you can get approved for the Petal 2 Card with a limited, fair, good or excellent credit history. Just be sure to link your bank accounts when you apply to add more information for Petal to consider.
What is the average petal card limit
Petal 1 has credit limits ranging from $300 to $5,000, and Petal 2 has credit limits ranging from $300 to $10,000.
Is Petal 1 or 2 better
The Petal 2 comes with the most cash-back value, at up to 1.5% after 12 months, plus 2% to 10% on select transactions. However, the Petal 1 is a great credit-builder card that delivers occasional cash back at selected merchants and other perks.
What is the highest credit limit on Petal 2
$300 to $10,000
Petal 1 has credit limits ranging from $300 to $5,000, and Petal 2 has credit limits ranging from $300 to $10,000.
Is Petal 1 or Petal 2 better
In most cases, Petal 2 cardholders will earn more cash back than Petal 1 cardholders since the the Petal 2 earns 1 percent to 1.5 percent cash back on all eligible purchases, regardless of where you shop. However, both cards earn 2 percent to 10 percent cash back at select merchants via Petal Offers.