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The Petal 1 “No Annual Fee” Visa® Credit Card is designed for those looking to build or rebuild their credit scores, offering a high credit line even if you’re dealing with low credit scores. You can earn 2%–10% cash back at select merchants and you won’t pay annual or foreign transaction fees. Just beware the high APR.
The Petal 1 credit card aims to bring the prime experience to borrowers with limited credit history; it’s a card designed for consumers with poor to average credit scores, or no credit history at all.
You can get 2%–10% cash back from select merchants, a credit limit up to $5,000, and you can see if you’re pre-approved in minutes without affecting your credit scores. One downside is the rather high variable APR, but that shouldn’t be an issue if you’re paying the full statement balance each month to avoid interest.
Issued by WebBank, Member FDIC, this card doesn’t have any extravagant benefits but it does report to the three major credit bureaus and can help you build credit if you use it responsibly.