Review
Petal 1 Review: Build Credit Without an Annual Fee
Looking to build credit without the burden of an annual fee? Our review breaks down how the Petal 1 card can help you establish a positive credit history, but also reveals its high APR and who should avoid it.
WebBank
Petal 1
| Annual Fee | $0.00 |
| Sign-up Bonus | No signup bonus |
| Rewards Rate | 1%-10% Cash Back |
| Regular APR | Variable APR 28.24% - 33.24% APR 28.99% – 33.99% variable |
| Other Fees | There is no foreign transaction fee. |
Overview
Pros & Cons
What's great
- No annual fee
- No foreign transaction fees
- Cashback on purchases
- Designed to build credit
Things to consider
- High regular APR
- No sign-up bonus
- Requires good or excellent credit
Benefits
Drawbacks
Decision Guidance
Summary
The Petal 1 card is a decent option for those with limited or fair credit looking to build or rebuild their credit history, but it has significant drawbacks that temper its overall appeal. Its strengths lie in the absence of an annual fee and foreign...