Does the Petal 2 Card have a grace period? This question is about the Petal® 2 Visa® Credit Card

Does the Petal 2 Card have a grace period?

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This question is about the Petal® 2 Visa® Credit Card

Chip Lupo, Credit Card Writer

@CLoop • 03/29/22 This answer was first published on 03/29/22. 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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Yes, the Petal 2 Card has a grace period of at least 21 days, lasting from the end of each billing cycle until the payment due date. If cardholders pay their Petal 2 Card statement balance in full every month, WebBank will not charge any interest.

Keep in mind that you are not required to pay the entire balance by the due date. But if you decide to pay less than the full amount due, you will lose the grace period. The remaining Petal 2 Card balance and any new purchases will then start to accrue interest that compounds daily. To get a credit card grace period back, you will need to pay the statement balance in full for two consecutive months.

Answer Question

Does Petal give credit increases?

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.

To qualify for an automatic credit...

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What's the Petal 2 Visa credit score requirement?

The Petal® 2 Visa® Credit Card is available to people with limited credit. That means you do not need to have a credit score to get approved for the Petal® 2 Visa® Credit Card.

Having said that, it is also worth mentioning that if you have already established a credit history, you will need at least fair (640+) credit to get this card.

You should note that while your credit score is an important factor, there are plenty of other things...

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How do I apply for the Petal 2 Visa Credit Card?

The only way you can apply for the Petal 2 Card is online. Applications are not accepted by phone or email. The Petal 2 Card is available to legal U.S. residents of the 50 states, Washington, D.C., or U.S. military locations, with a valid SSN or ITIN.

Here’s how to apply for the Petal 2 Card:

The first step of the application process is the pre-approval. During this step, only a soft pull is performed, which won't affect your credit...

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