For cardholders looking to build credit, both the Petal 1 “No Annual Fee” Visa Credit Card and Petal 2 “Cash Back, No Fees” Visa Credit Card can make great tools. These cards are geared toward users who want to improve their credit, since they have a built-in path to higher credit limits and use your banking information to assess your creditworthiness beyond just your credit score.
But depending on your goals and your personal financial situation, one Petal card may be a better fit for you than the other. If you’re considering a Petal credit card, here’s what you need to know about the different benefits of each, and how to pick the right one for you.
The Petal 2 Visa Credit Card offers more rewards on every purchase. You’ll automatically earn 1% back on everything you buy, and as you use your card responsibly, you can increase your rewards rate. After six months of on-time payments, you’ll earn 1.25% cash back. And after 12 months of on-time payments, you can get 1.5% back on every purchase. There’s no limit to the amount of rewards you can earn.