• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
Credit Card and banking reviews

AllCards.com

Credit Cards, Banking, and Cash Back

  • Best Credit Cards
  • 0% Credit Cards
  • Credit Card Signup Bonuses
  • Banking
  • Calculators
Home » Credit Cards » Reviews » Petal 2 Visa Credit Card Review | Up to 1.5% Cash Back

Petal 2 Visa Credit Card Review | Up to 1.5% Cash Back

February 19, 2021 by Rob Berger

The Petal 2 Visa Card offers up to 1.5% cash back and up to 10% cash back at select merchants. The card has absolutely no fees and the ability to improve your credit score.

Petal 2 Visa Credit Card Review
Petal 2 Visa Credit Card Review
In this Review
 [show]
  • Snapshot
  • Pros & Cons
    • What we like
    • What could be better
  • Rewards
    • Earning Rewards
    • Redeeming Rewards
    • Potential Rewards Value
    • Rewards Calculator
  • Features & Details
  • Benefits
    • Purchase Protection & Benefits
    • Travel Perks
    • Security
    • Money Management Tools
  • How do I apply for the Petal Credit Card?
  • Is This Card for You?
    • Who the card is best for
    • Who might do better with a different card
  • FAQs
  • Rating
    • Editor’s Pick
  • Video Review

Snapshot

The Petal 2 Visa Card Is part rewards credit card, part credit score Builder, and part budgeting app all-in-one. It offers up to 1.5% cash back on all purchases. It also provides free credit score tracking with tools to help you improve your score. And it provides a budgeting app to plan how you’re going to spend your money each month.

The card is also unique in that those with no credit history can qualify for the card. For those that have a credit score, Petal will evaluate the score as part of its underwriting process. For those that don’t have a credit history, however, Petal asks them to link their bank account. Based on the bank account activity, Petal generates would it cause a quote cash score in quote. Which it then uses to evaluate your application.

Petal 2 Visa Card Petal 2 Visa Card
Learn More
  • Designed for those with fair-to-good credit or cash flow.
  • Credit score not required.
  • No fees whatsoever.
  • Up to 1.5% cash back after making 12 on-time monthly payments
  • 1% cash back on eligible purchases right away
  • 2% – 10% cash back from select merchants
  • $500 – $10,000 credit limits
  • Build credit alongside tens of thousands of Petal Card members
  • Cash flow technology may help applicants without credit history get approved
  • Petal’s mobile app makes it easy to manage your money, track your spending, and automate payments
  • See if you’re pre-approved within minutes without impacting your credit score
  • Petal reports to all 3 major credit bureaus
  • No deposits required
Read our full review here.

Pros & Cons

What we like

  • Up to 1.5% cash back
  • No credit history required
  • No fees
  • Minimum $500 credit limit 
  • Reports payments to all three major credit bureaus

What could be better

  • Not designed for those with poor credit
  • It takes 12 months to reach the 1.5% cash back tier

Rewards

The Petal 2 Visa Card offers the following rewards:

Earning Rewards

Petal offers two types of cash back, Rewards and Offers. The Cash Back Rewards work as follows:

  • Earn 1% cash back on every purchase
  • After making six on-time monthly payments, you’ll start earning 1.25% cash back
  • After making 12 one-time monthly payments, you’ll begin earning 1.5% cash back 

Cashback Offers are tied to specific merchants. Any available Merchant Offers are automatically loaded to your Petal account. When you make a purchase with the merchants that meets the eligibility requirements, you earn the cash back based on the terms of the offer. You can earn cash back rewards and offers on the same purchase. Furthermore, cash back offers work the same as rewards in terms of redemption.  Cash back offers range from 2 to 10%.

Redeeming Rewards

Cardholders can redeem cash back is either a statement credit or cash in the form of a check or ACH transfer to the bank account. To redeem rewards as a check or transfer, the redemption must be for over $20.

You can redeem rewards through the Petal app or online. The app also tells you your lifetime cash back, the current balance in your Cashback Wallet, the cash back that will be available on the next statement, and your cash back rewards current rate.

Potential Rewards Value

The potential value of Petal 2 Cash Back Rewards depends on both the amount charged to the card and your current cash back tier. Assuming one charges $2,500 a month to the card, the cash-back reward would range from $25 to $37.50 depending on the cash back tier.

Rewards Calculator

You can use this rewards calculator to estimate the cash back potential from the Petal 2 Visa Card based on your specific spending habits.

Features & Details

The Petal 2 Visa Card offers the following features.

Card type: Cash Back, Starter

Credit Card Network: Visa

Issuer: WebBank

Contactless Payment: Apple Pay, Google Pay, Samsung Pay

Rewards: 

  • Up to 1.5% cash back
  • 2% to 10% cash back at select merchants

Credit report pulled: Experian

Annual fee: $0

Foreign transaction fee: None

Benefits

The Petal 2 Visa Card offers the following benefits:

Purchase Protection & Benefits

  • Purchase Protection
  • Visa Local Offers

Travel Perks

  • Auto Rental Collision Damage Waiver
  • Roadside Assistance

Security

  • EMV Chip Enabled
  • Fraud Monitoring
  • Freeze Account
  • Zero Liability

Money Management Tools

  • Budget Tracking
  • Free Credit Score Access
  • Smartphone App

How do I apply for the Petal Credit Card?

The Petal 2 Visa Card is unique in that it does not require a credit history for approval. If you have bad credit, however, the card is probably not for you. Petal will consider your credit score if you have one. If you do not have a credit score, however, you must link your bank account to Petal so that it can generate what it calls a Cash Score.

The Cash Score is based on factors such as bills you pay on a monthly basis and how much money you make. For those without a credit score, Petal uses this Cash Score to evaluate the application.

The first part of the application is a pre-approval process. During this step, Petal performs a soft pull (will not affect your credit score) to see if you are likely to be approved for the card. While pre-approval does not guarantee that you will be approved for the card, it is a good indication that you meet Petal’s underwriting requirements. From there, you’ll be invited to apply for the Petal card, in which case a hard inquiry will be made on your Experian credit report if you have one.

You can learn how to apply for the Petal to card here.

Is This Card for You?

Who the card is best for

The Petal 2 Visa Card is ideal for those who have no credit history. For this with a credit file, aim for a fair to good credit score. It does require a bank account to be linked to Petal, and Petal will evaluate income and bill payment history from the bank account. As a credit card that doesn’t require a credit history, it offers one of the best combinations of cash back rewards, no fees, and no security deposit requirement available today.

Who might do better with a different card

 For those with good to excellent credit, you may be able to qualify for a credit card that pays 1.5% cash back or more.

FAQs

Is the Petal 2 Visa a good credit card?

Yes. Particularly for those with limited or no credit history, the Petal 2 card offers an excellent combination of cash back rewards, credit building tools and low fees.

What credit score is required to get the Petal 2 card?

Unlike most credit cards, the Petal 2 card does not require a credit score or credit history for approval. For those that do have a credit score, however, a bad credit score could prevent you from being approved for the card. A history of missed payments or bankruptcy, for example, may disqualify you from getting the card. Petal does offer a pre-approval process that does not affect one’s credit score.

Does applying for the Petal 2 card hurt my credit score?

You can see if you are pre-approved for the Petal 2 card without affecting your credit score. Petal makes a soft inquiry during this process. If you are pre-approved and then apply for the card, however, Petal will make a hard inquiry on your Experian credit report.

Does the Petal to credit card require a security deposit?

No.  It is not a secured credit card. 

Rating

Petal 2 Visa Card Rating

Rob Berger

Rewards
Fees
Features
Benefits

Summary

The Petal 2 Visa Card offers up to 1.5% cash back, credit-building tools, a budgeting tool, no fees, and no required security deposit. It’s an excellent option for those looking to build their credit.

4.5

Editor’s Pick

The Petal 2 Visa Card is an Editor’s Pick in the following categories:

  • Cash Back
  • Student Credit Cards

Video Review

About Rob Berger

Rob Berger is the founder of allCards.com. He's written about personal finance and investing since 2007 and is the author of the highly acclaimed book, Retire Before Mom and Dad. He is a former litigation attorney in the securities field and the Founding Editor of Forbes Advisor.

Primary Sidebar

Advertiser Disclosure

Credit Cards by Category

  • Balance Transfer
  • 0% APR Cards
  • Cash Back
  • Travel
  • Miles
  • Business
  • Gas Rewards
  • Supermarket Credit Cards
  • Secured Credit Cards
  • Student Credit Cards
  • Prepaid Debit Cards

Popular Credit Cards

Wells Fargo Platinum Visa

0% APR for 18 months

Chase Freedom Flex

NEW: Up to 5% cash back + $200 signup bonus + No annual fee

Blue Cash Preferred® Card from American Express

Up to 6% cash back

American Express Gold Card

Welcome Bonus: 60,000 Membership Rewards points

Chase Ink Business Preferred Credit Card

Best: 100,000 bonus miles

Chase Freedom Unlimited

New Benefits: Up to 5% cash back + $200 signup bonus + No annual fee

United Explorer Card

Signup Bonus: 40,000 miles

Chase Sapphire Preferred Card

Signup Bonus: 80,000 points

Banking

  • Best Online Banks
  • Best Online Savings Accounts
  • Best CD Rates
  • Best Checking Accounts

Credit Cards by Issuer

  • American Express
  • Capital One
  • Chase
  • Citibank
  • Discover
  • U.S. Bank
  • Wells Fargo

About Allcards.com

Rob Berger founded allcards.com in 2008 to help consumers make data-driven decisions about credit cards and banking. A retired trial attorney, he’s written about credit cards, banking and personal finance since 2007, and is the author of Retire Before Mom and Dad. He currently serves as the Deputy Editor of Forbes Money Advisor.

  • Best Credit Cards of 2020
  • 0% Credit Cards
  • Best Cash Back Credit Cards
  • Best Travel Rewards Credit Cards
  • Credit Cards with Signup Bonuses
  • About
  • Contact
  • Privacy Policy
  • Terms of Use
  • RSS Feed

© 2020 A.R. Roberts LLC All Rights Reserved

Advertising Disclosure: allCards.com is an independent, advertising-supported blog offering financial product comparisons. We are compensated when users click links to or apply for sponsored financial products including, but not limited to, credit cards or bank/brokerage accounts. Credit card reviews and listings express the opinions of the author alone, and not those of any credit card issuer. The content has not been reviewed, approved or otherwise endorsed by the credit card advertisers. This compensation may impact how or where links appear on this site. This site does not include all available financial companies or offers.

Banking Content Disclosure: Content is not provided or commissioned by the bank advertiser(s). Opinions expressed here are author's alone, not those of the bank advertiser(s), and have not been reviewed, approved or otherwise endorsed by the bank advertiser(s). This site may be compensated through the bank advertiser(s) Affiliate Program(s).

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

SAVE & ACCEPT