Petal

Petal: A Fintech Revolutionizing Credit Accessibility

Petal is a financial technology company leveraging modern technology to democratize financial opportunity. Their mission is to empower individuals to build credit, manage debt responsibly, and spend wisely. 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.

The company offers two credit cards: Petal 1 and Petal 2. Petal 1, ideal for credit-building, boasts no annual fee and credit limits ranging from $300 to $5,000. Petal 2, their premium offering, provides cashback rewards without any fees whatsoever. Both cards feature attractive cashback offers (2%-10%) from numerous top brands and local businesses.

Petal's user-friendly app enhances financial control, allowing users to monitor their credit score, set budgets, manage subscriptions, and consolidate all their financial accounts in one convenient location. Importantly, Petal reports to all three major credit bureaus.

Key advantages of Petal include:

• Enhanced Credit Access: Petal's innovative approach expands credit opportunities beyond traditional credit score limitations.
• Credit Building: Petal 1 provides a straightforward path to building credit with no annual fee.
• Fee-Free Cashback: Petal 2 delivers the benefits of cashback without hidden fees or charges.
• Generous Cashback Rewards: Both cards offer substantial cashback percentages from a wide array of merchants.
• Comprehensive Financial Management: The Petal app provides a centralized platform for managing various financial aspects.
• Credit Reporting: Petal reports to all three major credit bureaus, contributing to improved credit scores.

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.