Visa Petal 2 “Cash Back, No Fees” Credit Card: The Best Card for Fair Credit

The Petal® 2 “Cash Back, No Fees” Visa® Credit Card is the rare card that offers a rewards program for people with lower credit scores, providing the ability to earn money while you build your credit — even if your credit score is as low as 580.

Also unusual: it requires no security deposit, charges no annual fee, foreign transaction fees even late fees. Instead, it incentivizes cardholders to make payments on time by providing additional cash back opportunities. As long as you make your payments on time, using this card will cost you nothing, even for purchases made while traveling abroad. As such, it’s a solid option for a first credit carda credit card for students or a card for people with a lower credit score.


The Petal 2 Visa is a flat-rate rewards card that gives you the opportunity to earn the same amount of rewards on all of your eligible purchases, regardless of spend category (for context, some credit cards specialize in certain types of purchases, such as gas credit cards Where grocery credit cards.) But, there is a built-in twist to incentivize good credit-building behavior.

You’ll earn 1% on all of your eligible advance purchases. When you make 12 one-time monthly payments, you earn an additional 0.5% cash back for a total of 1.5% – instead of penalty late fees. And some local small businesses offer an additional 2% to 10% discount on purchases at select merchants, which you can find through the Petal app.

welcome bonus

The Petal 2 Visa offers no welcome bonuses – a common practice among cards designed for people with lower credit scores. Check out CNET’s list of best credit card welcome bonuses to see options for applicants with higher credit.

Petal 2 credit limit

Petals 2 Credit limit – that is, the limit you can spend on the card – ranges from $300 to $10,000, depending on creditworthiness. Your credit score, income, housing payments, and other factors will help determine your initial credit limit, but you can request an increase after demonstrating responsible use over time.

More credit cards designed for people with fair or average credit are secure credit cards; you must deposit money into your account before spending it. Even among these types of cards, it’s hard to find one with a credit limit of $10,000. Although a larger line of credit carries the risk of overspending, it can help build your credit score by minimizing your credit utilization rate.

Alternate Maps

While the Petal 2 visa stands out among the crowd, there are alternatives that may be better suited to students or applicants with particularly poor credit.

Discover it® Student Cash Back

Registered students are eligible for student credit cards, which generally offer more modest rewards. The Discover it® Student Cash Back* is CNET’s choice for the best student credit card on the strength of its rewards potential, which is even better than the Petal 2 Visa.

You’ll earn 5% cash back on a rotating quarterly category when you activate it (up to $1,500 spend per quarter, then 1%) and 1% on all other purchases. And with Discover’s Unlimited Cashback Match Welcome Bonus, you can essentially double your annual cash back earned at the end of your first year.

For more information on the Rotary Quarterly category and other benefits, check out our full review of the Discover the Student Cash Back Card.

Credit One Bank® Platinum Visa® for Credit Reconstruction

The Credit One Bank® Platinum Visa® for Rebuilding Credit* has a less compelling rewards structure than the Petal 2 Visa – but it unsecured credit card has less stringent eligibility requirements, as applicants with a credit score below 580 may be approved.

There is an annual fee of $75 for the first year, which increases to $99 thereafter. You’ll earn 1% cash back on eligible gas and grocery purchases, plus your monthly cell phone, Internet, cable and satellite TV bills. It’s not as good as the Petal 2 rewards, but it’s better than most other bad credit cards.


What if my credit score is below 580?

If your credit score is below 580, your chances of approval are significantly lower. There are, however, credit cards designed for people with bad credit, including secured credit cards that require you to put down a security deposit.

How can I improve my credit?

Responsible use of the Petal 2 Visa or any other credit card will help you build your credit. For most, that means making payments on time and in full, while keeping your balance at or below 30% of your total credit limit (your credit utilization rate). Credit card issuers will automatically report your spending and payment activity to major credit bureaus.

How does the APR of the Petal 2 compare?

The Petal 2 has a standard variable APR of 15.24% to 29.24%, although your particular APR depends on your credit score. Generally, the lower your credit score, the closer you can expect your APR to be in that range.

* All information about Discover it Student Cash Back and Credit One Bank Platinum Visa for Rebuilding Credit has been independently collected by CNET and has not been reviewed by the issuer.

Editorial content on this page is based solely on objective, independent assessments by our editors and is not influenced by advertising or partnerships. It was not supplied or commissioned by a third party. However, we may receive compensation when you click on links to products or services offered by our partners.

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