About Petal
Petal: The Credit Card That Rewards You for Shopping Local
Are you tired of credit cards that charge you annual fees, international transaction fees, and offer little to no rewards? Look no further than Petal. Petal is a new kind of credit card that offers cash back at many local businesses, has no annual or international fees, high limits, and a mobile app that makes it easy to manage your money.
Petal's mission is to help people build credit and achieve financial freedom. They believe in empowering their customers with the tools they need to make informed financial decisions. With Petal's unique approach to credit cards, they are helping people take control of their finances.
One of the standout features of Petal is its cashback program. Unlike other credit cards that only offer rewards for specific categories like gas or groceries, Petal offers 1% cash back on all purchases and up to 1.5% cash back at select merchants in your area. This means you can earn rewards on everything from your morning coffee run to your monthly rent payment.
Another great feature of Petal is its lack of fees. There are no annual fees or foreign transaction fees with this card which can save you hundreds if not thousands over time compared to other traditional credit cards.
But what really sets Petal apart from other credit cards is its commitment to helping customers build their credit history responsibly. Many people struggle with building good credit because they don't have access to traditional forms of lending like mortgages or car loans. With a low barrier for entry and high limits (upwards of $10k), the Petal card allows individuals who may not have had access before an opportunity to start building their score.
The mobile app also makes it easy for users to track spending and automate payments so they never miss a due date again! The app provides real-time notifications when transactions occur so users can stay on top of their spending habits.
In addition, the app provides insights into how much money users are spending each month broken down by category such as food & drink or shopping & entertainment which helps them identify areas where they could cut back if needed.
Overall, if you're looking for a new kind of credit card that rewards you for shopping local while also helping you build good financial habits then look no further than Petal!