The Petal Cash Back Visa was designed for people who are new to credit. If you have no credit history or have less than 3 years of credit history with no missed payments, your approval odds are good. On the other hand, if you established a credit history but your credit score is low, this is not the card for you. They tend to reject applicants with a history of missed payments or bankruptcies.
When you fill out an application, Petal requires the typical personal and financial information, but it has an additional step requiring you to link active bank and credit card accounts. This is done by logging into your bank account via the application. Once linked, Petal analyzes your financial record to determine your eligibility. That all happens without impacting your credit score, via their credit algorithms.
If you're pre-approved, you'll be invited to submit your full application. At this point, a hard inquiry is completed, which will show up on your credit report.
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