the petal 1 visa credit card
Petal 1 Visa Card is one of the best credit cards to build credit. They give higher credit limits, prequalify you, no annual fees, and no foreign transaction fees. Petal 1 is an annual fee visa credit card and is issued by Webbank member FDIC.
No Annual Fee
The annual fee for this credit card is $0.
Credit Limit
Credit limit approval will be between $300 - $5,000. Approval amount will differ depending on your credit score and banking history.
Pre-qualify
Pre-qualify with NO Hard inquiry. They will us a platform called Plaid to look at your banking history and do a soft pull to your credit reports.
No Foreign Transaction Fees
No transaction fees when using this credit card outside of the country.
What is a visa petal card?
A Visa Petal Card is a Visa credit card that offers higher limits, better rates, and no annual fee. It is a great credit card that is based more on your banking history. They use something called your cash score which shows your creditworthiness based on your banking history. Petal 1 credit card select merchants for their cashback is also amazing!
Pre-qualify For Petal 1 Visa Card
Petal 1 Visa Credit Card allows you to pre-qualify for their credit card without a hard inquiry. Prequalify means that they will be able to give you an offer for a credit card without them actually giving you a hard inquiry. I love that they will tell you yes or no on whether or not they’re going to give you that credit card without a hard inquiry. This will help you get a credit card without damaging your credit. If you accept their offer then they are going to give you a hard inquiry.
What credit score do you need for a petal visa?
You need a credit score of 640 to get approved for the Petal One Visa Credit Card. It is best that you have a credit score over 680 to have a better chance of getting approved. They are going to pull your Experian credit report. If you want to get approved for a different credit card that is going to use your banking history only and not your credit score, then look into getting approved for the Tomo Credit Card. They were only look at your banking history and approved you all the way up to $10,000. Check out the full blog here.
is petal 1 visa a good credit card?
I believe that petal one is a good card because they can prequalify you without a hard inquiry and they do not charge an annual fee. When you are starting off building your credit you don’t want to get hard inquiries and you don’t want to be charged an annual fee. You can avoid paying any interest on a credit card by simply paying the statement balance in full by the due date, so I don’t care too much about the interest rate.
Is Petal 1 or petal 2 better?
The Petal 1 Visa Card and the Petal 2 Visa credit card is very similar. The only difference about the credit cards is at the Petal 2 credit card is not going to give you any late charges. Everyone wants to learn about Petal 1 vs Petal 2 but if you care about the credit limit, then it’s a no-brainer. The Petal 2 Credit Card can also approve you up to $10,000 compared to the Petal 1 credit card.
What is the credit limit for Petal 1?
The Petal 1 Credit Card credit limit is between $300 – $5,000. Your Petal 1 Credit Card limit will be based on your credit reports and your banking history. Please Petal 1 credit card apply the highest limit you can to everyone’s card.
Does Petal 1 increase credit?
Yes, Petal 1 Visa Credit Card offers credit increases. Petal 1 can increase your credit score in as little as six months. Please make sure that you are making your qualified on-time payments every month and that you keep your credit score above the recommended credit score through Petal’s Leap program.
What does Petal look at when reviewing your application?
Petal 1 Visa Credit Card is going to look at your banking history and your credit reports to determine if they are going to give you their credit card. They want to see that you don’t have any overdrafts on in your bank accounts and Petal 1 wants to see the amount of the deposits coming into your account. On your credit report, they are looking to see if you have any late payments or any negative and derogatory accounts, and they want to see that your credit score is over 640.
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