Does the Petal One Credit Card do a hard inquiry?

To get approved for a Petal card, you are required to have a valid email address, a U.S. telephone number, and a Social Security number or Individual Taxpayer Identification Number. Applicants must also be at least 18 years old and a permanent resident of the United States or a U.S. military location. Having limited credit or better and earning enough money to pay your bills is required for approval as well.… read full answer

Minimum Petal Card Requirements for Approval

1. 18+ years old
2. U.S. mailing address
3. SSN or ITIN
4. At least limited/fair credit
5. Enough income to pay bills
6. Low debt compared to income
7. Valid email address
8. Valid U.S. telephone number
9. No bankruptcy in the past 48 months
10. No open Petal card account
11. No prior applications for a Petal card

You may be required to provide a U.S. or foreign government-issued photo ID, or to link a U.S. bank account if your credit profile does not provide enough information for Petal to make a decision. If they do ask for your bank account information, Petal will generate a “Cash Score” when they review your banking history. This will help them determine whether you have enough disposable income to pay your credit card bills.

Finally, it’s worth noting that Petal will automatically conduct a soft pull on your credit in the beginning of the application process to see if you could qualify for one of their cards. While pre-approval never guarantees approval, it will bode well for your approval odds.

Yes, the Petal 1 Card does have pre-approval. Petal actually requires applicants to check for pre-approval before they can apply, so you will have a good idea of your approval odds if you choose to apply. Getting pre-approved for a Petal 1 Card means that your chances of being approved for an account are very high if you apply, but it does not mean that approval is guaranteed.… read full answer

Petal 1 Card pre-approvals do not affect your credit score, as they’re done using a soft “pull,” or inquiry. But if you decide to submit an application for the Petal 1 Card, Petal will conduct a hard inquiry, which will lead to a slight but temporary decrease in your credit score.

You can get Petal 2 Card pre-approval online. This way, you can quickly check your odds of approval for certain Petal credit cards before you actually apply for one. Current Petal customers may also receive pre-approved offers periodically by e-mail or through their online account.

In some cases, the issuer mails pre-approved offers to certain people who appear to meet the criteria for the Petal 2 Card.… read full answer

How to Check for Petal 2 Card Pre-Approval Online

1. Visit the pre-approval page on the Petal website.
2. Enter your email, name, birthday, phone number, and Social Security Number/ Individual Taxpayer Identification Number.
3. Click “Next” to view any pre-approved offers.

What you should know about the Petal 2 Card pre-approval:

• Keep in mind that pre-approval offers indicate good chances of approval, but they do not guarantee it.
• Even if you receive a Petal 2 Card pre-approval offer, you’ll still have to apply to get the card.
• If you are pre-approved online, you will see all Petal credit cards that will give you the highest odds of approval, which may or may not include the Petal 2 Card.
• Once you are pre-approved, you can apply for the card of your choice directly from the pre-approval site. To do so, click the button next to the card you want, and you will be directed to the card’s application page.

To respond to a Petal 2 Card pre-approved offer received in the mail, visit the website listed in your pre-approval letter and enter the invitation code included with your offer. This allows the issuer to flag the application as pre-approved.

Petal 2 Card pre-approval does not affect your credit score, as it results in a soft inquiry. But if you decide to submit an application for the Petal 2 Card, the issuer will conduct a hard inquiry. This will lead to a slight, but temporary decrease in your credit score.