WebBank
Petal 2
Key Features
| Annual Fee | $0.00 |
| Regular APR | 28.24% - 30.24% Variable APR |
| Other Fees | No annual membership fee, late fee, or returned payment fee. There are no foreign transaction fees. |
| Network | Visa |
About this card
The Petal 2 card presents a mixed bag. Its strengths lie in the absence of many common fees (annual, foreign transaction, late payment, and returned payment fees), making it accessible and potentially valuable for users focused on avoiding extra charges. The cash back rewards, while not exceptional, offer some value, especially with the tiered system at select merchants. However, the extremely high APR (28.24% - 30.24%) is a significant drawback, especially for a card targeting individuals who may need to carry a balance. This high APR overshadows the rewards benefits and pushes the overall rating down. While it's a decent option for building credit due to relaxed credit score requirements, the high cost of borrowing diminishes its overall value. The lack of a sign-up bonus is another minor negative. Therefore, the card is rated as fair. Strengths: No annual fee and other fees, cash back rewards, Weaknesses: Very high APR, no sign-up bonus.
Pros & Cons
What's great
- No annual fee
- Cashback on purchases
- No foreign transaction fees
- Low credit score requirement
Things to consider
- High regular APR
- No sign-up bonus
- Limited rewards categories
What this card offers
Rewards
- 1% – 1.5% Cash back on everyday purchases
- Earn 1% – 10% cash back at select national merchants.
Other features
- With the Leap program, earn a credit line increase in 6 months by making qualifying on-time payments. Terms apply.
- Stay up to date on your credit score in the app.
- Pay in full or carry a balance — pick your best payment strategy with estimated interest in mind.
- Enable push notifications to see your transaction activity in real time.
- No annual membership fee, late fee, or returned payment fee.
- There are no foreign transaction fees.
- Add your Petal card to your mobile wallet for easy, on-the-go payments.
- We report to the major bureaus so you can grow your credit score with responsible credit use.
- Equipped with contactless payment technology for fast & secure checkouts — simply tap and go.
- With a tap in the Petal app, you can freeze your card to protect your account.
- Petal’s fraud detection technology can quickly spot suspicious card activity and take action.
- Your credit data is crucial — rest assured Petal encrypts and protects your personal information.
- No credit check required.
Additional Notes
Card fees and terms may vary for members acquired prior to 5/16/23. The variable APR range is accurate as of 1/5/2026 and may vary with the market based on the Prime Rate. Cash back merchants and offers can vary throughout the year and are personalized. You must meet the individual offer terms to receive cash back. In the past six months, Petal members received at least one cash back offer from an advertised merchant. The variable APR range is accurate as of 12/01/2024 and may vary with the market based on the Prime Rate. Eligible applicants will be presented with an opportunity to link their bank account in order to be evaluated for an extension of credit assessing their cashflow.