Credit Cards

Petal® 1 “No Annual Fee” Visa® Credit Card review

Looking for a no annual fee credit card? Check out our review of the Petal® 1 "No Annual Fee" Visa® Credit Card. We compare rates, fees and more to help you decide if this is the right card for you.

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Petal® 1 “No Annual Fee” Visa® Credit Card: $0 annual fee, get cash back rewards! 

Petal 1 Credit Card
Petal® 1 “No Annual Fee” Visa® Credit Card review! Source: The Insider Advisor

Do you like the idea of having a credit card with no annual fees? If so, the Petal® 1 “No Annual Fee” Visa® Credit Card may be a good option for you. 

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Learn how to apply for the Petal® 1 Visa® Card

Want to apply for the Petal® 1 "No Annual Fee" Visa® Credit Card and start building credit? Read this full article and learn how!

This card has some great features, but it’s essential to understand all the rates and pros and cons before applying. In this post, we’ll help you decide if it’s the right choice for you.

Credit ScoreFair/Bad
Annual Fee$0
Regular APR22.24% – 31.74% (Variable)
Welcome bonusN/A
RewardsUp to 10% cash back in select merchants.

All you need to know about the Petal® 1 “No Annual Fee” Visa® Credit Card

smiling womand holding a credit card and looking to a smathpohone
All you need to know about the Petal® 1 “No Annual Fee” Visa® Credit Card! Source: Freepik

This credit card is designed for anyone with a bad or no score who wants to build it while getting rewards. 

This unsecured credit card, issued by WeBank, is a great starter and offers decent features to its cardholders. One of its main perks is the $0 annual fee. 

It also doesn’t charge account opening, monthly maintenance, or foreign transaction fees. This card charges 22.24% to 31.74% variable APR.

The Petal® 1 credit limit ranges from $300 to $5,000, based on your creditworthiness. After six months, you can earn a credit limit raise. However, terms and conditions apply.

Alongside to cash back reward of up to 10% at select merchants, this credit card offers some basic Visa benefits. 

Petal® 1 Visa® Credit Card details

This credit card might offer great perks for an unsecured card for bad credit. Let’s see the details and compare the advantages and disadvantages of it!

Advantages

  • Pay no annual fee;
  • Qualify for this card with bad or no credit;
  • Get 2% – 10% cash back;
  • This card charges no foreign transaction fee;
  • Reports your payments to major credit bureaus;
  • Enjoy Visa Benefits.

Disadvantages

  • This card offers no bonuses;
  • The cash back reward is available at select merchants;
  • Potentially high APR;
  • Balance transfers are not available.

What is the credit score necessary to apply?

You can apply for this credit card with a bad to fair score. This means you need a credit history of 300 or higher. 

However, if you don’t have a regular credit score, don’t worry! You might still qualify for this card with a “cash score”. Which is based is based on your banking and financial history! 

Learn how to get the Petal® 1 Visa® Credit Card

Applying for this unsecured credit card is easy and fast! In seconds, you can get a result! Want to know more about the application process? In the article below, we’ll explain everything you need to know to get your card! 

Petal Logo

Learn how to apply for the Petal® 1 Visa® Card

Want to apply for the Petal® 1 "No Annual Fee" Visa® Credit Card and start building credit? Read this full article and learn how!

About the author  /  Beatriz Vieira

Beatriz Vieira is a producer and copywriter who is part of the finance writer team in this portal. She has a degree in Journalism and aims to improve her bilingual writing skills. Her subjects of most significant interest are culture, finances, and self-development.

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