The Petal 2 Visa Credit Card is designed for individuals who want to build or rebuild their credit without paying unnecessary fees. With no annual charges and approval available for those without an established credit history, it serves as an excellent starting point for anyone aiming to strengthen their financial profile. Below, you’ll find all the steps, requirements, and essential information to apply successfully.
Basic Requirements
Before applying, make sure you meet the following conditions:
- Be at least 18 years old (or 19 in some states) and a U.S. resident with a valid Social Security Number or ITIN;
- Have a regular income source to demonstrate repayment capability;
- No security deposit required — this is an unsecured credit card;
- A credit score is not mandatory — Petal uses its proprietary “Cash Score” model to assess eligibility based on your banking history and cash flow.
These flexible requirements make the card accessible to students, young professionals, and anyone without a long credit record.
Step-by-Step Application Process
- Visit the Petal website or download the Petal app to begin the application.
- Provide your personal and financial information, such as your employment status and monthly income.
- Connect your bank account so Petal can evaluate your cash flow and spending habits — this replaces the need for a credit score check.
- Submit your application and wait for an approval decision, which typically arrives within a few minutes.
- Once approved, you’ll receive your Petal 2 Visa Credit Card in the mail within 7–10 business days.
Tips Before Applying
- Keep your bank account active, as Petal’s system relies on your transaction history to evaluate eligibility.
- Pay balances in full each month to avoid high interest charges, since the APR can reach up to 32%.
- Use the card regularly and responsibly to build a solid payment record — Petal reports to all three major credit bureaus.
- Avoid carrying a balance, as the card’s main benefit is credit building, not rewards.
- Monitor your spending through the app to track your cashback rate and progress toward credit growth.
Who Should Apply
The Petal 2 Visa Credit Card is recommended for:
- Individuals with no or limited credit history who want to establish credit responsibly;
- Those seeking a no-fee credit-building option;
- Users who prefer an unsecured card instead of depositing collateral;
- People who want transparent terms and no hidden charges;
- Consumers interested in earning small cashback rewards while improving their credit score.
How to Cancel the Card
If you decide to cancel your Petal 2 card:
- Contact Petal’s customer service through the mobile app or by phone at 1-855-697-3825.
- Request the closure of your account and verify any remaining balance is paid off.
- You will receive a confirmation email once the account is officially closed.
There are no cancellation fees, and you can reapply in the future if your credit profile changes.
Frequently Asked Questions
How long does approval take?
Most applications are processed within minutes, though some may take up to 48 hours.
Do I need an existing credit score to apply?
No. Petal uses a Cash Score based on your income and spending patterns instead of traditional credit scores.
Is there a security deposit required?
No. The Petal 2 Visa Credit Card is unsecured, so no collateral is needed.
Can I earn rewards with this card?
Yes. You earn 1% cash back on all purchases, increasing to 1.25% after 6 consecutive on-time payments and 1.5% after 12 consecutive on-time payments.
Does Petal report to credit bureaus?
Yes. Petal reports your payment history to Experian, Equifax, and TransUnion, helping build your credit over time.
Are there any hidden fees?
No. The card has no annual fees, no foreign transaction fees, and no late payment fees.
Can I cancel the card anytime?
Yes. You can close your account via customer support or the app with no cancellation fees.
Conclusion
The Petal 2 “Cash Back, No Fees” Visa Credit Card offers a simple, transparent way to build credit responsibly. With no annual fees, no deposits, and an approval process open to those without prior credit, it stands out as a modern alternative to traditional secured cards. While its rewards program is modest, the long-term credit benefits make it a worthwhile option for those focused on financial growth and better future opportunities.
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