Petal is a financial technology company that offers credit cards to individuals with limited credit history or no credit history at all. They use advanced technology and algorithms to analyze an individual's financial behavior and provide them with a personalized credit card offer. Petal aims to make credit accessible to everyone and help individuals build credit responsibly.
Petal was founded in 2016.
It is headquartered in New York City, United States.
The founders of Petal are Andrew Endicott, Jason Gross, and Jack Arenas.
Credit Karma is a personal finance company that offers various financial products and services, including credit cards and credit score monitoring. They provide free credit scores and personalized recommendations for credit cards based on individual credit profiles.
Deserve is a financial technology company that offers credit cards to students and international individuals. They use alternative data and advanced analytics to determine creditworthiness and provide credit card solutions specifically tailored to the needs of these target groups.
Jasper is a financial technology company that offers credit cards and financial services to individuals who want to build their credit. They provide tools and resources to help users track their credit progress and build a positive credit history.
Petal 1 Cash Back Visa Card is a credit card offered by Petal. It is designed for individuals with limited or no credit history. The card offers cash back rewards, no fees, and a credit-building feature to help users build a credit history.
Petal 2 Cash Back Visa Card is an upgraded version of the Petal 1 card. It provides higher cash back rewards, increased credit limits, and additional benefits for responsible credit usage.
Petal uses alternative data, such as income and expenses, to assess creditworthiness and offer credit cards to individuals without a credit history. They analyze various financial behaviors to evaluate the potential risk and determine personalized credit offers.
Petal primarily focuses on individuals with limited or no credit history. If you have bad credit, it may be more challenging to qualify for a Petal credit card. However, it is worth checking their eligibility criteria and applying to see if you meet the requirements.
Petal credit cards offer various benefits such as cash back rewards, no fees (including annual fees and late fees), and a credit-building feature. They also provide transparency and easy-to-understand terms, helping individuals make informed financial decisions.
You can apply for a Petal credit card by visiting their official website and completing the online application process. The application typically requires providing personal and financial information for evaluation.
Petal takes the security and privacy of its customers seriously. They use industry-standard encryption and security measures to protect user data. Additionally, Petal is regulated by relevant financial authorities, providing assurance and trustworthiness.