The Petal Card, a credit card designed for people with low credit scores, is available. Petal cards are different from other credit cards in that you must have a clean credit history and no bankruptcy history. Secured credit cards are better for people with bad credit. It is important that you understand the differences between both types of credit cards before deciding which one is right.
Petal(r),2 Visa(r), Credit Card
The Petal 2 Visa Credit Card has a variety of benefits for consumers and no annual fee. It is great for those just starting to build credit. It is ideal for people with either average or poor credit due to its no-deposit, no-fee policy. It has a low credit limit, and you can earn cash back up to 1.5%.
The Petal 2 Visa Credit Card from Visa may be easier to approve than many secured cards but you must still evaluate your credit history. If you have a history involving missed payments or credit damage, it is not a good idea. The creditor will decide whether you should get one based on your income and savings.
You will also enjoy the low annual cost, no foreign transaction fees, as well as no penalty APR (late payments) To avoid late fees, you must keep your payments on schedule. This is crucial as late payments could damage your credit history, and result in lower credit score points.
Petal 2 Visa(r), a Credit Card, offers many benefits such as no security deposit and a 500 credit limit. It also offers a cash back rewards system that rivals those offered by better credit cards.
Petal(r), 1 Visa(r), Credit Card
If you're looking to improve your credit score, the Petal(r.) 1 Visa(r) is a great choice. This credit card can be linked with your bank account so that you don't have worry about having to pay a high annual fees. A handy app is included to help you manage your account.
Petal 1 Visa Credit Card offers decent rewards and an annual fee. However, it does not have many benefits. You can redeem your rewards for travel assistance and extended warranty coverage. However, if you have bad credit and need a card that won't make you a burden, consider the Indigo Platinum Mastercard instead. This card has higher rewards and doesn’t require a deposit.
Petal 2 Visa, another excellent choice, is a good option for a credit card. This card is excellent for recent college graduates, young adults, and those with low credit histories. The credit limit is $500, which is more than most starter credit cards or secured cards. The card also offers cash back up to 1% on your daily purchases. At select retailers, you can also earn rewards of 2%-10%
The Petal 1 Visa(r) Credit Card offers no annual fee and 2% to 10% cash back at select merchants. It also has no introductory APR or welcome bonus. You will have to pay late payment fees, but this is better than the alternatives.