How does Petal 1 Card purchase protection work? This question is about the Petal® 1 Visa® Credit Card

How does Petal 1 Card purchase protection work?

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This question is about the Petal® 1 Visa® Credit Card

Chip Lupo, Credit Card Writer

@CLoop • 10/19/22 This answer was first published on 10/19/22. For the most current information about a financial product, you should always check and confirm accuracy with the offering financial institution. Editorial and user-generated content is not provided, reviewed or endorsed by any company.

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The Petal 1 Card does not have purchase protection anymore, since the benefit was removed as part of an industry-wide shift away from traditional secondary perks on credit card offers. This is pretty common, unfortunately, as only around half of the major credit card issuers still offer purchase protection on at least one of their credit cards.

Although the Petal 1 Card doesn’t have purchase protection, applying could still make a lot of sense in the right situation. The Petal 1 Card has no annual fee and no foreign transaction fees. It also has an annual fee of $0. All in all, the Petal 1 Card is a good card for people who need to build or rebuild credit.

If you’re set on finding a good credit card for purchase protection, consider checking out the Chase Sapphire Reserve Card or the Amex Blue Cash Everyday Card. Both credit cards have great purchase protection coverage, according to the most recent WalletHub purchase protection study.

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How do I make a Petal 1 Card payment?

You can make a Petal® 1 Visa® Credit Card payment online, by phone, through the Petal mobile app or by mail. To pay a Petal 1 Card bill online, log in to your online account and click on “Payments.” Then, choose how much to pay, when to pay it, and where the payment is coming from. Petal does allow cardholders to set up automatic payments, too.

Ways to Make a Petal 1 Card Payment

By phone: Call 1 (855) 697-3825 and enter...

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What is the Petal 1 Card interest rate?

The Petal® 1 Visa® Credit Card interest rate is 24.99% - 34.49% (V), with the actual rate depending on factors such as your income, credit history and existing debt. This Petal 1 Card interest rate is variable, meaning it can change based on certain economic conditions.

The Petal 1 Card gives you a 21-day grace period to avoid paying interest on your purchases. The grace period runs from the end of the billing period until the card’s payment due date. You won’t owe any interest...

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Does Petal 1 Card have a 0% APR intro period for new purchases?

No, the Petal 1 Card does not have a 0% APR intro period for new purchases. If you’re planning on making a large upcoming purchase and you don’t anticipate paying off the balance for a few months, the Petal 1 Card is not a great credit card to use.

Alternatively, you can check out the best 0% APR credit cards of 2023, selected by WalletHub’s editors from 1,500+ offers. Just keep in mind that many cards with a 0% APR intro period...

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