Petal credit card review |

Petal credit card review

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  • Once approved, you will typically receive your credit card within 1-2 weeks
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Petal promises no fees whatsoever. That is, if you don’t mind syncing your bank account.

  • Get this card if you despise credit card fees or have a minimal credit history.
  • Pick something else if you want rewards for your spending.
  • Apply if you’re new to credit or have a fair to good credit score of 620 or higher.
Product NamePetal credit card
Card TypeVisa
Annual Fee$0
APR (Annual Percentage Rate) for Purchases15.24% to 26.24% variable
Introductory Purchase APR


Introductory Balance Transfer APR


Interest Free PeriodUp to 21 days
Rates & FeesRates & Fees
Minimum Age18 years of age

The basics

Many credit cards tout simplicity as a key selling point. Petal credit card is one of them, but it stands out in two important respects: It charges no fees, and it requires no credit history.

Is “no fees” for real?

Yes, Petal credit card really means it: You won’t pay annual fees, foreign transaction fees, overlimit fees or even late fees when you use this card.

That’s excellent, especially given all the other cards that pile on fees any chance they get. If you’re tired of getting hit with random charges, Petal credit card could be the breath of fresh air you’ve been looking for.

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Who’s eligible for the Petal credit card?

Anyone can apply for the card, even if they’re new to credit. That’s unusual for an unsecured credit card that doesn’t charge exorbitant fees. However, if you do have credit, you’ll have a better chance for approval with a fair to good score of at least 620.

If you don’t have a credit history but you feel you’re a responsible borrower, consider Petal credit card over a secured card. With a secured card, you have to put down a security deposit. Not so with Petal credit card.

Is there a catch?

There isn’t a “catch,” exactly. But because Petal credit card doesn’t collect fees, it tries to serve only customers who can responsibly pay their card bills.

Note that you’re required to sync your bank account through a secure third-party when you apply. Petal credit card will have read-only access, and the company can then analyze your digital finances by looking at your income and spending.

Linking your bank account is what allows Petal to accept applicants with limited or no credit history. In an age of expensive credit, that might be a small price to pay to escape fees for good.

The company doesn’t appear to pad its bottom line through sneaky tactics. For example, it doesn’t spike your APR for late or missed payments. According to Petal credit card’s CEO, the company makes money from merchant transaction fees and from consumer interest payments.

The perks

  • No fees.
    Petal credit card promises no annual, foreign transaction, overlimit or even late fees.
  • No credit history required.

    If you have a credit score, you’ll need a score of 620 or higher to be approved. You can still apply if you don’t have a credit history, though. For applicants with no credit score or limited history, Petal will analyze your income and your financial records — such as checking accounts or bill payments — to determine your eligibility.

  • Potentially high credit limit.

    Petal offers credit limits between $500 and $10,000. The maximum is higher than you’ll see with similar cards. However, keep in mind that a high limit isn’t guaranteed, and the credit limit you get will be based on a number of factors.

  • No security deposit required.

    Without a credit score, it can be difficult to get an unsecured credit card. You’re typically limited to secured cards, which require security deposits. Petal credit card, on the other hand, doesn’t require a deposit.

Secured cards vs. unsecured cards: What’s the difference?

You’ll also like…

  • Money-management tools.
    Petal credit card offers features like automated payments and reminders to help you can pay your bill on time.
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What to watch out for

Consider other cards if…

Compare unsecured cards that can help you build credit

Name Product Filter values APR (Annual Percentage Rate) for Purchases Annual Fee Interest Free Period
15.24% to 26.24% variable
Up to 21 days
Build your credit with no fees: Apply if you're new to credit or have a fair to good score over 620.
25.24% variable
Up to 23 days
Designed to help build credit history with no deposit required. Apply if you're new to credit or have a fair to good score over 650.
See terms
See terms
Up to 21 days
The First Access Card is a true Visa® credit card that does not require perfect credit for approval.
23.9% fixed
$0 to $99
Up to 25 days
The Indigo® Platinum Mastercard® Credit Card is specifically designed for those with less than perfect credit.
20.24% to 26.24% variable
$0 to $99
Up to 24 days
Seeing if you pre-qualify is fast, easy and secure.

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What should I know before I apply?

To apply for the Petal credit card, you must be at least 18 years old. You must also be a US resident with a valid Social Security number or Individual Taxpayer Identification Number (ITIN).

Information you’ll need

  • Full name and contact information
  • Residential status
  • Annual income, source of income and employment information
  • Social Security number and date of birth

What credit score do I need?

You don’t need a credit history to apply for the Petal credit card. However, you’ll have a better chance of approval if you can prove sufficient income and a responsible history of paying your bills. If you do have a credit score, apply if you have a fair to good score of 620 or higher.

I got the card. Now what?

  • Make timely payments. Pay your card bill online or enroll in autopay. Petal credit card lets you set reminders to pay your card bill.

Bottom line

The Petal credit card doesn’t offer rewards for spending, but you won’t pay any fees for the life of the card. It’s a good choice if you don’t have a credit score yet but think you’ve been a responsible borrower.

Still not convinced this is the right card for you? Visit our comprehensive guide to credit cards to compare your options.

Frequently asked questions

Kevin Joey Chen

Kevin Chen is a world-travelin', copy-writin', Game of Thrones-watchin' credit cards writer for When he's not crunching the numbers on bonus points and comparing APRs, you can find him flying around the world in search of the perfect beer.

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5 Responses

  1. finder Customer Care
    AnndyDecember 20, 2018Staff

    Hi Kelly,

    Thanks for your question.

    If you are referring to Petal card’s credit limit, this will depend on your repayment history with them. You have a big chance of getting approved for a credit limit increase if you have a good payment history. You may give Petal Card a call to check their criteria for increasing credit limit.

    I hope this helps.


  2. finder Customer Care
    AnndyDecember 20, 2018Staff

    Hi Kelly,

    Thanks for your question.

    You need to log-in to your bank account when you apply for a Petal credit card. If you don’t have a checking account, you may use any other type of bank account but kindly note that they currently don’t support prepaid accounts.

    I hope this helps.


  3. Default Gravatar
    SpookyOctober 6, 2018

    Watch out I applied and they hard pulled all 3 credit bureaus

  4. Default Gravatar
    BrandonOctober 14, 2017

    Does the petal card report to all three major credit bureaus?

    • Default Gravatar
      GruOctober 15, 2017

      Hello Brandon,

      Thank you for reaching out to us.

      Yes, the Petal Card still reports to all three major credit bureaus.

      Although, even if you don’t have a credit score, you can still apply for the Petal card. Petal will analyze your income and your financial records — such as checking accounts or bill payments — to determine your eligibility.

      Hope this helped.


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