Home > Apps > Finance > Petal

Petal

Category : FinanceVersion: 5.2.2

Size：37.00MOS : Android 5.1 or later

Update：Jan 04,2025

4.5

Download

Application Description

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 data points to broaden credit access, even for those with no prior credit history.

Petal offers two credit cards designed to meet diverse needs:

Petal 1: Ideal for credit-building, this card boasts no annual fee and offers credit limits ranging from $300 to $5,000.
Petal 2: Petal's premium offering, this cashback card is fee-free, providing rewards without any hidden costs.

Both cards offer attractive cashback rewards ranging from 2% to 10% at numerous top brands and local businesses.

The Petal app enhances financial control by providing:

Credit score tracking
Budgeting tools
Subscription management
Consolidated account viewing

Key Advantages of Petal:

Enhanced Credit Access: Petal's innovative approach expands credit eligibility beyond traditional credit score limitations.
Credit Building Support: Petal 1 is specifically designed to help users build their credit history.
Fee-Free Cashback: Petal 2 provides the benefits of cashback without any associated fees.
Generous Cashback Rewards: Both cards offer substantial cashback opportunities from a wide range of merchants.
Comprehensive Financial Management: The Petal app offers robust tools for managing finances effectively.
Credit Bureau Reporting: Petal reports to all three major credit bureaus, contributing to a stronger credit profile.

Important Note: While Petal 2 is fee-free, Petal 1 includes fees for late and returned payments. Petal's advanced technology also contributes to lower variable APR rates.

Finance