How do I make a Petal 1 Card payment?

Yes, Petal does give credit increases to cardholders who use their card responsibly over time.

Thanks to the Petal “Leap” program, cardholders who pay their bill on time for six straight months and maintain their credit score may automatically receive a credit limit increase. All Petal card credit limit increases are automatic, since Petal does not currently allow people to request a higher credit limit on demand.… read full answer

To qualify for an automatic credit limit increase:

• Petal® 1 Visa® Credit Card
  Petal 1 Card cardholders must pay the minimum due or 15% of their balance (whichever is larger) for six consecutive months + keep their VantageScore credit score from falling 50+ points from when they applied.
• Petal® 2 Visa® Credit Card
  Petal 2 Card cardholders must pay the minimum due or 15% of their balance (whichever is larger) for six consecutive months + keep their VantageScore credit score from falling 25+ points from when they applied.

Petal card credit limits are generally pretty good. In fact, Petal 1 Card credit limits range from $300 to $5,000, and Petal 2 Card credit limits range from $300 to $10,000.

If you’re looking for a high credit line, you can always compare these offers to the best high limit cards for bad credit, which have lenient approval odds. But if your credit score is “good” or better, it’s also worth checking out our editors’ latest picks for the best high limit credit cards on the market.

No, you cannot use your Petal 1 Card instantly after approval. You'll have to wait for the physical card to arrive in the mail to activate it first. Only after activation will you be able to use it for purchases.

Having said that, your new Petal 1 Card should be delivered within 7-10 business days of your approval.… read full answer

It takes 1 to 3 business days for a credit card payment to post to your account if you pay online or by phone. Payments by mail will take a few days longer. If your credit card is linked to your checking account and both accounts are from the same bank, your payment may post immediately following the transaction. Your issuer’s payment timelines are included in your monthly statement, or you can call customer service for more information.… read full answer

In order to understand how long it takes an issuer to post your credit card payments, it’s important to know the difference between “credited,” “posted,” and “cleared.” When you submit a payment, the amount is credited, meaning the issuer recognizes you paid it. But it may not post, or be reflected in your available credit, for another day or two. When a payment is cleared, the issuer has actually received the money. As long as your payment is at least credited by the due date, it’s considered on time, assuming the transaction goes through.

To avoid any worry about how long it will take for a credit card payment to post, set up your account for autopay. This feature automatically debits your bank account for a pre-determined amount on the card’s payment due date. As long as you have enough money in the account to cover the transaction, your payments will never be late. You should be able to set up autopay online or by calling your issuer’s customer service department.