Petal: A Fintech Revolutionizing Credit Access and Financial Wellness

Petal is a financial technology company leveraging modern technology to democratize access to credit and promote responsible financial habits. Unlike traditional credit systems that heavily rely on credit scores, Petal utilizes millions of data points to assess creditworthiness, enabling individuals with limited or no credit history to qualify for credit cards.

They offer two distinct credit cards:

• Petal 1: Designed for credit-building, this card boasts no annual fee and offers credit limits ranging from $300 to $5,000. Note: Late and bounced payment fees apply.

• Petal 2: Petal's premium offering, this cashback card is fee-free (no annual fee, late payment fee, or foreign transaction fees). Credit limits range from $300 upwards.

Both cards provide attractive cashback rewards, offering 2%-10% back on purchases from numerous top brands and local businesses (over 500).

The Petal app enhances user control and financial awareness, allowing users to:

• Track credit scores
• Set and manage budgets
• Oversee subscriptions
• Consolidate account views

Key advantages of choosing Petal include:

• Enhanced Credit Access: Petal's advanced algorithms expand credit opportunities to a wider population.
• Credit Building Potential: Petal 1 facilitates credit score improvement.
• Fee-Free Cashback (Petal 2): Enjoy cashback rewards without incurring any fees.
• Comprehensive Cashback Program: Benefit from substantial cashback offers from a vast network of merchants.
• User-Friendly App: Gain a holistic view of your finances through a convenient and informative app.
• Credit Bureau Reporting: Petal reports to all three major credit bureaus.

Petal's innovative approach and technology result in lower variable APR rates, making it a compelling option for individuals seeking to improve their financial standing.