Petal

Petal: A Fintech Revolutionizing Credit Access and Financial Wellness

Petal, a financial technology company, leverages modern technology to democratize financial opportunity. Its mission is to empower individuals to build credit, manage debt effectively, and cultivate responsible spending habits. Unlike traditional credit systems that heavily rely on credit scores, Petal utilizes millions of additional data points to broaden credit access, even for those with no prior credit history.

Petal offers two credit cards tailored to diverse needs:

• Petal 1: Ideal for credit-building, this card boasts no annual fee and offers credit limits ranging from $300 to $5,000. Note that late and bounced payment fees apply.

• Petal 2: Petal's premium offering, providing cashback rewards without any fees whatsoever (no annual fee, late payment fee, or foreign transaction fee). Credit limits range from $300 upwards.

Both cards feature attractive cashback offers ranging from 2% to 10% at various top brands and local businesses (over 500).

The Petal app enhances user financial control by providing:

• Credit score tracking
• Budget setting
• Subscription management
• Consolidated account viewing

Key advantages of Petal include:

• Enhanced Credit Access: Broadened eligibility criteria beyond traditional credit scores.
• Credit Building Opportunities: Designed to help users establish and improve their credit history.
• Fee-Free Options: Petal 2 offers a truly fee-free experience.
• Generous Cashback Rewards: Significant savings through cashback programs.
• Comprehensive App Functionality: Centralized financial management tools.
• Triple Credit Bureau Reporting: Positive credit activity reported to all three major credit bureaus.

Petal's innovative technology contributes to lower variable APR rates, making it a compelling choice for individuals seeking to improve their financial standing.

Petal Screenshots