Quick Take
Petal gives students favorable terms that can help them easily grow their credit score, which will make it easier for them to access credit from other sources in the future. With $0 annual fees, and growing cash-back percentage, Petal is worth a look for those building credit.
Key features
- It involves no annual fees to maintain this credit card
- 1% cashback reward for all transactions and 1.5% after making twelve on-time monthly payments
- The credit score to get access to this card is 600 and higher. The higher the credit limit, the higher the credit limit that you can access
- Their regular variable APR is 12.99% to 29.49%
Pro’s & Con’s
- It requires a relatively low credit score to access this card
- It involves no annual fees to maintain this credit card
- It has a relatively high cashback reward (up to 1.5%) compared to other players in the credit card business
- No late payment fees
- No deposit fees before signing up
- They have a relatively high APR especially those with a low credit limit