Review
web-bank 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 |
| Regular APR | Variable APR 28.24% - 33.24%1 |
| Rewards Rate | 1%-10% Cash Back |
| Sign-up Bonus | No signup bonus |
Overview
Pros & Cons
What's great
- No annual fee
- Cashback on purchases
- No foreign transaction fees
Things to consider
- High regular APR
- No sign-up bonus
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...