Petal

Petal is a consumer credit card program marketed to people who are new to credit or rebuilding it. The company offers three products under a single application: Petal 2 (no fees of any kind, 1%-1.5% cash back on everyday purchases, variable APR of 28.24%-30.24%), Petal 1 (no annual membership fee, 1%-10% cash back at select merchants, variable APR of 28.24%-33.24%), and Petal 1 Rise ($59 annual membership fee, 1%-10% cash back at select merchants, same APR range). Applicants apply once and are evaluated for the best offer across all three cards, and a pre-approval flow is offered that does not require a credit check. Cards are issued by WebBank; the program is operated by Tilt Card, Inc. (NMLS #2295169).

Underwriting combines conventional credit-score review with optional bank account linking: eligible applicants can securely share a real-time snapshot of savings and spending, which the company states increases the likelihood of receiving an offer for applicants who would otherwise be declined on credit score alone. Accounts are reported to the major credit bureaus. The mobile app provides credit score tracking, spending insights broken down by merchant and category, real-time transaction push notifications, personalized cash back offers at select national merchants, and the Leap program, under which qualifying on-time payments can earn a credit line increase after six months. Cards support mobile wallets and contactless payments, and cardholders can pay in full or carry a balance.

Business model

Petal distributes credit cards issued by a partner bank (WebBank) to consumers, generating revenue from interest on revolving balances at variable APRs of 28.24%-33.24% and, for the Petal 1 Rise product, a $59 annual membership fee. Petal 2 is marketed as having no fees of any kind and Petal 1 as having no annual membership fee. Cash back rewards of 1%-10% at select national merchants are personalized and vary through the year, indicating merchant-funded offers.

Interest income on carried balances (variable APR 28.24%-33.24%, stated as accurate as of 1/5/2026 and varying with the Prime Rate) plus the $59 annual membership fee on Petal 1 Rise. Card fees and terms may differ for members acquired before 2023-05-16.