Is the Petal Credit Card a Scam or Not and do I recommend it? What is Petal Credit Card: It’s a credit card that allows people with excellent credit card history or no history at all to get access to a decent credit card and prove that they are worthy. No fees and no tricky ways to get you to pay interest for 40 years of your life.
Pros of Petal Credit Card:
- No Fees and they mean it they put it in the agreement
- Tells you how much you would pay in history at a certain payment
- Not just credit but your bank account also is taking into account
- It's for people new to credit, but not with bad credit and miss payments and bankruptcies
- Very transparent company
- Customer service
Cons of the Petal Credit Card:
It should include special promotions for 3-5% at different retailers
The apr is high but normal when you're talking about started cards (But its standard for these cards)
Only 10k in credit
Q&A Customer Service: 1-855-697-3825
1. Requirements
U.S Citizen
2. Customer service is it 24/7
Yes
3. Any Fees: Annual fees, Late fees, foreign fees, or any more fees?
No fees for real
4. How do you check if some are pre-approved without a credit check?
They Do a soft check
5. APR
Between 15- 26%
6. Soft Check or Hard inquiry:
When checking if you pre-approve it’s a Soft and when applying it’s a hard
5.5 do you guys report to the credit bureaus
Yup, after 6 weeks you’ll see your card
7. Cash Back how do they get increased 1-1.5?
The more good payments you make on time, the higher your cash back will go up to 1.5%
6.5 when will my cash back be deposited
At the end of the month
8. Credit Limit: 500-10,000 ( how do you decide without a credit check)
Depends on your credit score and also your income and so on
9. How do you help track spending and budget?
With built-in tools that help you set what you want your minimums to be and how much interest you’ll pay.
10. What if I have terrible credit
Any bad marks would probably, mess up your chances. It's more of a starter card.
11. Can I add authorized users?
Nope.
12. Apple pay
Not yet
13. Balance transfer and cash advances
Not offered, you can do it.
14. Wil, you guys, eventually expand to checkings and savings and more
Maybe, probably not.
15. Do I have liability and fraud protections
Yes.
16. Do you guys work with Webbank (zero cards also works with them)
Yes.
17. Privacy do you guys sell my information to third parties
No, they don’t sell your info, and you can opt out of things you don’t want them to do.
18. Do I have the right to participate in a class action suit or just arbitrage like chase
Nope.
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