What credit score do you need to get a Petal credit card?
What is the minimum credit score for Petal card
Highlights: No credit score required to apply. No Annual Fee, earn cash back, and build your credit history. Your secured credit card requires a refundable security deposit, and your credit line will equal your deposit amount, starting at $200.
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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.
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What is the credit limit for Petal 1
Petal 1 "No Annual Fee" Visa Credit Card vs. other Petal cards
| Petal 1 Rise | |
|---|---|
| Sign-up bonus | None. |
| Rewards | Up to 10% cash back when you use the card to make purchases with select merchants. |
| APR | The ongoing APR is 27.99%–35.24% Variable APR (rate accurate as of May 2023). |
| Credit limit | Up to $3,500, depending on creditworthiness. |
Who does Petal card pull from
Petal will pull your credit score from Experian once a month.
What is better Petal 1 or 2
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.
Is Petal a good credit card to build credit
Yes, Petal is a good option for building credit. Both the Petal® 2 Visa® Credit Card and the Petal® 1 Visa® Credit Card are good to build credit with because they are easy to get approved for with limited credit and they report to the major credit bureaus monthly.
Does Petal run a hard credit check
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.
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.
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.
Is Petal card good for beginners
The Petal® 2 Visa® Credit Card is a very good starter credit card for people with limited or no credit. The Petal 2 Visa Card is worth considering because it has $0 fees, rewards equal to 1 – 1.5% cash back on all eligible purchases, and monthly credit-bureau reporting.
Does Petal do a hard credit check
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.
Does Petal 1 help build credit
Since the Petal 1 Visa doesn't charge an annual fee, it's a good option for credit-building as well as building positive credit habits. This card doesn't charge foreign transaction fees either, so it can be a solid choice for international travel as well.
What credit bureau does Petal 2 pull
Petal reports card activity to all three major credit bureaus: Equifax, Experian and TransUnion. You need at least one active bank account to apply for the card.
What can I get with a 500 credit score
Best Credit Cards for a 500 Credit ScoreOverall: Discover it® Secured Credit Card.Bonus Points: U.S. Bank Altitude® Go Visa® Secured Card.Cash Back & Uber Rewards: Capital One Quicksilver Secured Cash Rewards Credit Card.Customized Rewards: U.S. Bank Cash+® Visa® Secured Card.
Does Petal run a credit check
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.
What is the difference between Petal 1 and 2
The Petal 1 “No Annual Fee” Visa Credit Card is designed for those with a nonprime credit score. The Petal 2 “Cash Back, No Fees” Visa Credit Card is meant for consumers with no credit or good credit. Cardholders who have the Petal Visa card will automatically become Petal 2 cardholders.
What credit card can I get with a 530 score
The best type of credit card for a 530 credit score is a secured credit card. Secured cards give people with bad credit high approval odds and have low fees because cardholders are required to place a refundable security deposit.
Can I get a credit card with a 524 credit score
It is 176 points away from being a “good” credit score, which many people use as a benchmark, and 116 points from being “fair.” A 524 credit score won't knock any lenders' socks off, but it shouldn't completely prevent you from being approved for a credit card or loan, either.
What is the difference between Petal and Petal 2 credit card
The Petal 1 “No Annual Fee” Visa Credit Card is designed for those with a nonprime credit score. The Petal 2 “Cash Back, No Fees” Visa Credit Card is meant for consumers with no credit or good credit. Cardholders who have the Petal Visa card will automatically become Petal 2 cardholders.
Which card is easiest to get approved for
FULL LIST OF EDITORIAL PICKS: EASIEST CREDIT CARDS TO GETOpenSky® Plus Secured Visa® Credit Card. Our pick for: No credit check and no bank account required.Chime Credit Builder Visa® Credit Card.Petal® 2 "Cash Back, No Fees" Visa® Credit Card.Mission Lane Visa® Credit Card.Self Visa® Secured Card.Grow Credit Mastercard.