Published: May 16, 2023
Answer 1: Cash-like transactions are purchases but are subject to a fee. Examples of cash-like transactions include but are not limited to: money orders, person-to-person money transfers (such as payment apps like Venmo or CashApp), the purchase of lottery tickets, and the purchase of gift cards. Please see your Cardholder Agreement for details about the fee and additional information.
ATM withdrawals, balance transfers, and the purchase of cryptocurrency or other similar virtual or digital currency are not allowed.
Answer 2: Please refer to your Change in Terms Notice.
Answer 3: Please see your Change in Terms Notice which is available in your Petal app.
Answer 4: To accept the new terms, there is no further action required from you.
Answer 5: We’re thankful to be part of your credit journey but we understand you may want to opt out of these new terms. You’re welcome to make this choice prior to the effective date as identified in your Change in Terms Notice, which will result in account closure. You'll no longer be able to use your card. Please note that you are responsible for paying any outstanding balance on the card and interest will continue to accrue on that balance as normal.
Answer 6: You can reject this change by: Going to your Petal app > ‘Settings' > 'Important account changes' > 'Close Your Account', emailing us at firstname.lastname@example.org, or calling us at 1-855-697-3825.