Credit cards are often used for emergencies or when you want to make a large purchase without worrying about where you're getting the funds. Most of the time, we also use credit cards for daily transactions.
Other people want to own a credit card to simply help them build their credit history without having to own a second credit card. This is why the Petal 2 Visa Credit Card is a solid choice.
It lets you build your credit score and enjoy the perks of a credit card. Receive cash back rewards, zero annual fees, and more perks with the Petal 2 Visa Credit Card. See the article below for more information about the Petal 2 Visa Credit Card and how to apply.
Petal 2 Visa Credit Card Key Features and Highlights
There are so many things to love about the Petal 2 Visa Credit Card.
Aside from the benefit of building your credit score, you also receive countless other features and perks that you can enjoy.
Check out what's in store with the Petal 2 Visa Credit Card below.
No Credit History Required
Probably one of the best perks you can have when applying for this credit card is that you are not required to submit any credit history.
If you don't have any credit history, it will be much easier for you to apply. Those with a credit history will be considered for the credit decision.
This is the perfect credit card for building your credit if you wish to start early.
Generous Cash Back Offers
With the Petal 2 Visa Credit Card, you are rewarded with cash back every time you use the card for different kinds of transactions. You get 1.5% cash back on eligible purchases at the start of your credit journey.
Once you make six on-time payments, you'll earn an additional 1.25% cashback. On the twelfth on-time payment, you earn 1.5% cashback. Cashback rewards can go as high as 10% on selected merchants and establishments.
Redeem your cashback rewards for statement credit, ACH transfer, or a mailed check. Make sure that the cashback rewards reach the minimum amount required for redemption.
Increase Your Credit Limit in No Time
The Petal 2 Visa Credit Card teaches you how to become more financially responsible.
When you make six on-time payments, not only do you receive additional cash-back rewards, but you also earn a credit limit increase at this point.
Someone who is struggling to improve their credit score and access to credit can easily get this feature once they learn how to be financially responsible.
Track Your Score
If you have the Petal 2 Visa Credit Card to help you increase your credit score, you should also download the app.
The mobile application helps you track your credit score to date as well as help you pay off your balance on time. Set up notifications for payments and manage your finances with the help of the Petal app.
Link your card and account and use the app to your advantage to pay your dues before or on time.
Rates and Fees
The rates and fees are very surprising about the Petal 2 Visa Credit Card. You have a variable rate of 18.24% to 32.24% for all eligible purchases as interest rate.
While it may be on the higher end, the fact that you don't have to pay any other fee besides the interest rate makes it very affordable. The card does not have an annual fee, foreign transaction fee, or even a late payment fee.
If you're looking for a credit card that lets you save more, this is the most promising credit card ever.
Requirements for Applying for the Petal 2 Visa Credit Card
If you plan on applying for the Petal 2 Visa Credit Card, here are some requirements you should know.
Take note that these requirements will be reviewed and are very necessary for you to be approved for the card.
If you apply online, you must have digital copies of the documents and other requirements for submission and review. Applicants must be 18 years old and above and be employed at the time of application.
You must also be a resident of the US and must be able to provide all government-issued IDs. Applicants must provide income documents, including their credit report if they have one.
Contact Details
If you wish to contact their customer service department, you can dial the numbers - 1-855-697-3825. A representative will be assisting you with your inquiries and issues.
You can also visit their main office at 116 W Houston St, FL 2, New York, NY 10012.
Applying for the Petal 2 Visa Credit Card
Applying for the Petal 2 Visa Credit Card is similar to applying for any other credit card.
You can apply online, which is far more convenient and easy since it is done through their official website. To do so, head over to the official website and click on Apply Now.
Log in to your account or register for one if you don't have an account yet. Fill out the online application form and upload any required documents necessary for review.
Do not forget to review everything and ensure all documents are fully uploaded before submitting your application.
Getting Approved
It will take a few minutes before you receive a confirmation email that your application has been accepted.
Wait for the approval, as it may come after several days. It depends on the documents that you have submitted for review.
Once approved, the card will be sent to you by mail. Activate the card once you receive it so you can use it for your transactions.
Conclusion
Whether you want access to funds from your credit card or need to improve your overall credit score, the Petal 2 Visa Credit Card is the perfect option. It even helps you save more money and lets you become financially responsible with the features present on this amazing credit card.
Note: There are risks involved when applying for and using credit. Consult the bank’s terms and conditions page for more information.
