Petal: Credit Cards For Consumers Without Credit Scores


How do you get credit without a credit score? If you’re new to credit, you don’t have any history for lenders to assess. You’re effectively “credit invisible.”

You can build credit with a secured credit card that reports activity to the credit reporting agencies, but you’ll need to put up a security deposit and are likely to have low credit limits in the $300-$500 range. Your annual percentage rate (APR) is likely to be nearer the 29.99% limit until you build a sufficient credit history to qualify for a card upgrade.

The Petal card is a new alternative that allows you to use your existing financial records to prove creditworthiness. Petal develops their own credit score fo…

Read More

Disclosure : is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to
Some of the links in this post are affiliate links. This means if you click on the link and purchase the item, We will receive an affiliate commission at no extra cost to you. Please read our disclosure for more info.