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Petal

A simple, no-fee credit card

4.2/5
About

Build credit, track spending and manage money better, all with no credit score required.

Would you recommend this product?
Designer

Just moved to SF from Canada and I've spent the past month and a half struggling to get my finances setup. I don't have a credit history and my Canadian bank doesn't provide a decent cross border account so I have to start completely from scratch. Even though I make a decent salary I've been rejected by Simple, Chime, Final, Capital One, and Chase, all because I don't have an American credit score. If this service works as advertised it will be one of the most useful and timely services I will have used in my life.

Pros:

No credit score required is a life saver for building credit

Cons:

Make it faster to get started maybe?

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non
The topic of moving is very painful for me, because I have been moving all my life and I know that you need a lot of money for such things. My finances are tight right now, so I decided to seek the help of a bank and get a credit card, and I have never regretted it! A smart system , a smart cashback, and even bonuses on top! Damn, I would have known earlier!
Investor

Look forward to swiping with Petal!

Pros:

Transparent credit process that rewards responsible people and doesn't rely on esoteric FICO

Cons:

Haven't used the beta yet...excited to test it out though

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Strategy

Full disclosure: I work at Petal, and I work here because I think this is an awesome product, especially for people new to credit, recent immigrants, and first time credit card owners.

Pros:

simple UI, low APR, and no fees

Cons:

rewards (coming in a while!)

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Product Manager, Cyanogen
What will your rewards look like? :) Cool idea!

Fixing everything that is wrong with credit cards today!

Pros:

Exactly what the world needs

Cons:

Too early to tell

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Great concept!

Pros:

Enables access for those who may not have a robust credit history

Cons:

Not aware of any cons

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we needed something like this for a long time

Pros:

it ie new and beneficial

Cons:

expand its limits

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Founder/Lead Developer - SBM

Definitely interested in seeing how this turns out!!

Pros:

Might be a good options for those trying to rebuild their credit

Cons:

Not sure yet, maybe to learn more about the approval process?

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Married middle income

They say they are better than the rest, but turned me down for their card. Checked my account and pulled my credit. Said I dont have cash flow and my credit wasnt good enough. My account shows a cash flow of 7000 and my credit score is close to 700. Different? Really? I'll stick with capital one.

Pros:

Nice

Cons:

Not different

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During the application process, there was an error and the site was unable to pull information from my credit union. I was automatically rejected due to the fact that my "cash flow information is insufficient." I tried multiple times to get help over the phone, explaining to them that I was rejected due to a failure on their end because there was an error in retrieving information from my bank. Unforunately, it was difficult to communicate this to them because none of the representatives were fluent in English, and they were very rude as well. I was instructed to email them, and after several days, I finally received an email that stated I was not eligible to reapply because I was already rejected. I explained the situation again, and I was told that I cannot reapply regardless. I am extremely unhappy with this company's shortcomings and horrible customer service. Don't waste your time like I did.
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Scam company that should be avoided at ALL costs. Customer service is terrible, very shady business practices and they huge risk to personal information security (they are basically phishing scam and an identity thief's dream). Ultimately any association with Petal will hurt your credit. Avoid these scammers, they won't be around long.
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The due dates should be the same as most any other credit card if it’s not changeable which would be the second or third of the month as it is every account that they have I was told payment is due on the 26th of the month that is absolute craziness every other bill out of the 30 credit cards that I have is customizable
Blogger & Webpreneur
Pros: If you have a decent credit score (mine was 650+), you will likely get approved (based from my experience). I have been rebuilding my credit score and Petal has given me the chance to own a credit card again. Very intuitive app, minimalistic, and appeals to millennials. Cons: None that I could think of.
Petal lowered my credit limit stating that it was due to my credit score dropping which isn’t true I have always paid my bills early and always in full I have a $0 balance on this card and have for some time to make it even more insulting they owe me $18.00 the biggest problem with them is this will affect my credit score! This is not the first problem I have had with this company but it will be my last
No credit history required. Also no fees whatsoever. No late fee, international fee, annual fee, or any-other-kind-of-fee, fee :)