Petal® 1 "No Annual Fee" Visa® Credit Card
on Petal's website
Petal® 1 "No Annual Fee" Visa® Credit Card
Card details
$0 Annual Fee.
Variable APRs range from 24.24%-33.74%.
$300 - $5,000 credit limits.
Earn a credit limit increase in as little as 6 months. Terms and conditions apply.
No credit score? No problem. If eligible, we'll create your Cash Score instead.
2% - 10% cash back at select merchants.
See if you're pre-approved within minutes without impacting your credit score.
No annual or foreign transaction fees.
Build credit alongside hundreds of thousands of Petal card members.
Petal's mobile app makes it easy to manage your money, track your spending, and automate payments.
Petal reports to all 3 major credit bureaus.
No deposits required.
Card issued by WebBank, Member FDIC.
Rates, fees & offers
Annual fee
$0
Rewards rate
2%-10%
Bonus offer
None
Intro APR
N/A
Ongoing APR
APR: 24.24%-33.74% Variable APR
Foreign transaction fee
None
Recommended credit score
Compare to other cards
| Learn more | Learn more | |
Annual fee$0 | Annual fee$99 | Annual fee$199 |
Regular APR24.24%-33.74% Variable APR | Regular APRSee Terms | |
Intro APRN/A | Intro APR0% intro APR for 15 billing cycles on balance transfers made within 45 days of account opening. | Intro APRN/A |
Recommended Credit Score |
Recommended Credit Score |
Recommended Credit Score |
NerdWallet review
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Rating details
3.5
Editor's overall rating
Pros and cons
Pros
No annual fee
Qualify with limited/bad credit
No foreign transaction fees
Reports to the three major credit bureaus
Cons
No bonus offer
No intro APR offer
The $0-annual-fee Petal® 1 "No Annual Fee" Visa® Credit Card is a solid choice to begin or continue building credit. It’s designed for those with a weak cash flow or less-than-ideal credit history.
The card's issuing bank can consider more than just traditional FICO scores to determine your creditworthiness. It uses Petal’s algorithm to review banking data that offers a full view of your income, savings and spending. You won't need to put down a security deposit to qualify.
Compared with unsecured credit cards for bad credit, the card is light on fees: no annual fees, activation fees or monthly maintenance fees. In fact, cardholders can avoid fees entirely by paying their bill on time. And they can also earn rewards.
For more information, see NerdWallet’s full review of this card.
