Petal 2 Visa Review

MoneyGeek partners with leading industry experts and advertisers to help you get to your financial happy place. Our content is accurate when posted but offers may change over time. We may receive compensation for partner advertisements, but our editorial team independently reviews and ranks products. Learn more about our editorial policies.

Petal 2 Visa

Rates & Fees

REVIEW & APPLY

On Issuer's Site

Rewards Rate

Earn 1% Cash Back on All Purchases

APR

29.24% - 31.24% Variable

Annual Fee

PROS
- No fees
- Cash back on all purchases
- Potentially high cash back on select merchants
- Issues pre-approvals without credit checks
CONS
- High maximum APR
- No 0% intro APR offer
- Requires 12 payments for 1.5% cash back
- Rewards can be complex
- APRs, Fees, and Penalties
  - This card has no fees for late payments, foreign transactions, or annual charges.
  - The APR ranges from 29.24% to 31.24% (variable).
- Rewards
  - Earn between 1% and 1.5% cash back on purchases. After 12 timely monthly payments, your cash back rate increases to 1.5%.
  - Selected merchants offer between 2% and 10% cash back.
- Perks & Benefits
  - Check for pre-approval quickly without affecting your credit score.
  - Provides data to all three main credit bureaus.
  - Easily pay using your mobile by adding your card to your digital wallet.
  - The card features swift and secure contactless payment; just tap to pay.

The Petal 2 Visa brings innovation to credit cards, championing transparency by eliminating hidden fees. Whether you're globetrotting or nurturing your credit history, this card has your back, always keeping major bureaus informed. Its cash back system rewards everyday spending and offers amplified returns with select merchants. For the tech-inclined, its smooth integration with digital wallets and swift contactless payments simplify transactions. Dive in, but anticipate a brief learning curve with the rewards setup.

Petal 2 Visa Overview

Carefully evaluating a credit card's features to ensure alignment with your financial needs and goals is essential, as not all attributes may be beneficial.

Rewards rate: Earn 1% cash back on eligible purchases right away, Up to 1.5% cash back on eligible purchases after making 12 on-time monthly payments, and 2%-10% cash back at select merchants
Welcome offer: None
Regular APR: 18.24%-32.24% (Variable)
Annual fee: $0
Intro APR offer: None

Important Card Details

Finding the right credit card can be difficult, especially with numerous features to consider. Our analysis of the Petal 2 Visa delves into its unique attributes, highlighting both its advantages and potential areas of caution.

Cash Back Rewards

For savvy shoppers, the Petal 2 Visa stands out for its rewards, offering 1% cash back on all purchases initially. With consistent payments for a year, it boosts to 1.5%. The card's cash back increases significantly for those skilled at strategic shopping. You can earn an impressive 2% to 10% back at specific merchants. This versatility makes it an attractive option for diverse spending preferences.

Fees

In an era where hidden fees are the norm, the Petal 2 Visa stands out with its fee-free commitment — a refreshing change. When we say no fees, we mean no late fees, no foreign transaction fees and certainly no annual fees. This offers significant savings in the long run. Especially for international travelers, the lack of foreign transaction fees can mean substantial savings on trips abroad.

Credit Building Potential

If you're planning for the future and considering your credit health, the Petal 2 Visa is an excellent tool. It features a quick pre-approval process that doesn't impact your credit score, and the card actively reports to all three major credit bureaus. Regularly using the card and making payments on time can positively influence your credit over time. For those just starting or rebuilding, consistent reporting can be the key to a brighter financial future.

Other Features

Modern spenders will appreciate the Petal 2 Visa's adaptability. Gone are the days of fumbling for cards; with Petal's mobile wallet compatibility, payments are just a tap away. The convenience factor rises with its contactless payment feature, streamlining your checkout experience. Whether it's a quick coffee run or a major shopping spree, the Petal 2 Visa ensures a fast, secure and seamless transaction every time.

How the Petal 2 Visa Compares

Comparing the features and benefits of two credit cards can provide invaluable insights to determine which card best aligns with your financial objectives.

How This Card Compares

Petal 2 Visa

Rewards rate: Earn 1% cash back on eligible purchases right away, Up to 1.5% cash back on eligible purchases after making 12 on-time monthly payments, and 2%-10% cash back at select merchants
Welcome offer: None
Regular APR: 18.24%-32.24% (Variable)
Annual fee: $0
Intro APR offer: None
Best for: Individuals seeking a progressive rewards structure with no annual fee, especially those focused on building or rebuilding credit through timely payments.

Capital One QuicksilverOne Cash Rewards Credit Card

Rewards rate: 1.5% cash back on every purchase
Welcome offer: None
Regular APR: 30.74% (Variable)
Annual fee: $39
Intro APR offer: None
Best for: Individuals looking for a consistent cash back rate on all purchases and willing to pay a modest annual fee for straightforward rewards.

About Grace Pilling

Grace Pilling was the Senior Content Manager for Credit Cards at MoneyGeek. She previously led personal finance teams at Bankrate, CreditCards.com and MoneyUnder30.

Pilling has a bachelor's degree in English from Western Sydney University and a diploma in book editing, proofreading and publishing. She is focused on empowering readers to make informed financial choices that support their best lives, not a company’s bottom line.

Read Full Bio »

*Rates, fees or bonuses may vary or include specific stipulations. The content on this page is accurate as of the posting/last updated date; however, some of the offers mentioned may have expired. We recommend visiting the card issuer’s website for the most up-to-date information available.
Editorial Disclosure: Opinions, reviews, analyses and recommendations are the author’s alone and have not been reviewed, endorsed or approved by any bank, credit card issuer, hotel, airline, or other entity. Learn more about our editorial policies and expert editorial team.
Advertiser Disclosure: MoneyGeek has partnered with CardRatings.com and CreditCards.com for our coverage of credit card products. MoneyGeek, CardRatings and CreditCards.com may receive a commission from card issuers. To ensure thorough comparisons and reviews, MoneyGeek features products from both paid partners and unaffiliated card issuers that are not paid partners.