Credit Cards

Petal® 2 “Cash Back, No Fees” Visa® Credit Card review: rates, pros and cons

Wondering if the Petal® 2 Cash Back, No Fees Visa is worth applying for? Check out our in-depth review of this card's features and benefits.

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Petal® 2 “Cash Back, No Fees” Visa® Credit Card: Get cash back rewards and build a credit score

Petal® 2 "Cash Back, No Fees" Visa® Credit Card
Petal® 2 “Cash Back, No Fees” Visa® Credit Card full review! Source: The Insider Advisor

Want to enjoy cash back and pay no fees? Well, then, you just found the perfect credit card! Meet the Petal® 2 “Cash Back, No Fees” Visa® Credit Card! 

Petal Logo

Check how to apply for the Petal® 2 Visa® Card

Learn how to apply for the Petal® 2 "Cash Back, No Fees" Visa® Credit Card and start enjoying its benefits today!

This credit card offers some great benefits. Keep reading to learn more about this credit card and find out if it’s the right fit for you.

Credit ScoreQualify with a poor or no score
Annual Fee$0
Regular APR15.24% – 29.24%
Welcome bonusN/A
Rewards1% – 1.5% cash back

All you need to know about the Petal® 2 “Cash Back, No Fees” Visa® Credit Card

The Petal® 2 Visa® Credit Card offers lower costs for anyone looking to build credit. It requires no security deposit and charges no annual fee for cardholders.

The starting credit limit will depend on your creditworthiness; it might range between $300 and $10,000. The ongoing interest rates vary, with 15.24% to 29.24% APR.

Besides the $0 annual fee, this card is free from foreign transaction fees and late or no returned payment fees. However, you cannot make cash advances or balance transfers with it.

In addition, this credit card offers some valuable perks for a starter card. You can earn 1% cash back on purchases. And if you make on-time payments for 12 months, this rate rises to 1.5%. Also, 2% to 10% cash back in select merchants. Your rewards can be redeemed through your Cash Back Wallet.

Petal® 2 “Cash Back, No Fees” Visa® Credit Card details

side view woman shopping online
Learn all the details about this credit card! Source: Freepik

This credit card is an excellent way to establish credit while saving money with cash back. But just like any other product, we must compare its pros and cons.

Advantages

  • $0 annual fee;
  • Pay no foreign transaction fee;
  • Get up to 1.5% cash back on purchases;
  • Qualify with an average credit score;
  • This card reports your payments to major credit bureaus;
  • Get pre-approved without hurting your credit score.

Disadvantages

  • Offers no intro APR period;
  • This card has no welcome bonuses;
  • Reward terms might be complicated.

What is the credit score necessary to apply?

This credit card accepts all types of credit! And if you don’t have a regular credit score, no worries. You are still eligible. Hence, you’ll be evaluated through a Cash Score based on your financial and banking history. Great perks, right?

Learn how to get the Petal® 2 Visa® Credit Card

Applying for this credit card is simple! You can see if you pre-qualify without damaging your score. So if you want to learn more about the application process details, read the following article. We’ll answer all of your questions. 

Petal Logo

Check how to apply for the Petal® 2 Visa® Card

Learn how to apply for the Petal® 2 "Cash Back, No Fees" Visa® Credit Card and start enjoying its benefits today!

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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