PETAL 1 vs PETAL 2 (2021)! Petal Credit Card Review | Credit Cards For Beginners

The Petal 1 Visa and Petal 2 Visa credit cards are excellent credit cards for beginners (and some of the best credit cards for no credit). Click “Show More” to see Ad Disclosure. 💳👉VIEW CREDIT CARD OFFERS! https://markscreditcards.com/offers 🛍 RAKUTEN - Earn Cash Back! http://markscreditcards.com/rakuten ‼️ GET FREE STOCKS FROM WEBULL when you open an account & deposit $100: http://markscreditcards.com/webull PETAL 1 VISA CREDIT CARD Petal 1 Signup Bonus (as of Feb. 2021) - none Petal 1 Annual Fee - $0 Petal 1 Cash Back - Earning - 2% - 10% at Select Merchants Petal 1 Cash Back - Redeeming - Statement credit - Electronic transfer - Check Petal 1 Card Benefits - Credit Limit: $500 - $5,000 - APR: 19.99% - 29.49% - Cash Score: Petal 1 looks beyond your credit score to create a Cash Score based on your banking history. - Credit Reporting: All 3 major bureaus (Experian, TransUnion and Equifax) - Spend Planner: Set a budget; control spending - No Foreign Transaction Fees NOTE: Late Payment Fees & Returned Payment Fees may apply PETAL 2 VISA CREDIT CARD Petal 2 Signup Bonus - none Petal 2 Cash Back - Earning 1% on all purchases 1.25% on all purchases after 6 on-time payments 1.5% on all purchases after 12 on-time payments 2% - 10% at Select Merchants Petal 2 Cash Back - Redeeming - Statement credit - Electronic transfer - Check Petal 2 Card Benefits - Credit Limit: $500 - $10,000 - APR: 12.99% - 26.99% - Cash Score: Petal will look beyond your credit score to create a Cash Score based on your banking history. - Credit Reporting: All 3 major bureaus (Experian, TransUnion and Equifax) - Spend Planner: Set a budget; control spending - No Foreign Transaction Fees - No Late Payment Fees - No Returned Payment Fees Q&A SESSION Begins at 9 min. 9 sec. WHICH IS BEST FOR YOU? The Petal 1 Card is best for those with low-to-fair credit or cash flow who are seeking to improve their credit score. The Petal 2 Card is best for those with fair-to-good credit or cash flow [with greater rewards & the potential for higher credit limits & lower interest rates]. WHICH ONE TO GET? Get the PETAL 1 CARD if you… - Have no credit history - Have little credit history - Have a low credit score Get the PETAL 2 CARD if you… - Have some credit history - Have a fair credit score - Want cash back rewards on all purchases BEST SECURED CREDIT CARDS (to consider as alternatives) - Citi Secured Mastercard - Secured Mastercard from Capital One - Bank of America Cash Rewards Secured - BankAmericard Secured - Discover it Secured Credit Card - OpenSky Secured Credit Card OTHER CREDIT CARDS AFTER 1 YEAR OF CREDIT - Chase Freedom Flex - Chase Freedom Unlimited - Chase Sapphire Preferred - Chase Sapphire Reserve - Citi Double Cash - Amex Blue Cash Everyday - Amex Blue Cash Everyday Preferred - Amex Green Card - Amex Gold Card - Amex Platinum Card - Bank of America Cash Rewards card - Bank of America Premium Rewards credit card - US Bank Altitude Go card - US Bank Cash Plus card Disclosure: This site is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where links appear on this site. This site does not include all financial companies or all available financial offers. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. Mark Reese is not a financial advisor. #creditcards #creditcards101 #creditcardsforbeginners