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Bringing financial opportunity and innovation to everyone.
How does it work?
Unlocking the power of your data.
Until recently banks owned their customer's banking history. If you switched banks your history wouldn't come with you. Not anymore. Thanks to modern technology and new regulations¹, your banking history belongs to you. This has created new possibilities for how people manage their money. And even apply for credit.
Our System
Credit scores don't tell the whole story.
Traditional banks often overlook millions of data points that could help you get approved. At Petal, we analyze your banking history and transform it into a Cash Score — an alternative measure of your creditworthiness based on income, savings, and spending history. This allows more people to be approved with better rates, even if they've never had credit before.
The Benefit
Help building credit, not debt.
After approval, we give you all the tools you need to build positive credit history and track your score. Your Petal card activity will be reported to all three major credit bureaus. Plus you can set a budget and freeze your card at any time.
Who is Petal for?
Petal 1
Petal 2
New to credit
I’ve never had a credit card, car loan or mortgage.
I’ve never had a credit score.
I’m a student, a person new to the U.S., or an authorized user on someone else’s credit card.
I maintain a healthy balance in my checking/saving accounts.
Petal 1
Average credit
I haven't defaulted on a loan in the past 2 years.
I have a limited credit history, 3 years or less.
I’m a gig/part-time worker without a predictable income.
I maintain a healthy balance in my checking/saving accounts.
Petal 2
Good credit
I haven't declared bankruptcy or defaulted on a loan in the last 4 years.
I haven't been more than 30 days late on any credit card, medical bill, or loan in the
last year.
I have had a loan or credit card for 3 years or more with a credit limit above $3000.
Petal 1
Petal 2
New to credit
I’ve never had a credit card, car loan or mortgage.
I’ve never had a credit score.
I’m a student, a person new to the U.S., or an authorized user on someone else’s credit card.
I maintain a healthy balance in my checking/saving accounts.
Petal 1
Average credit
I haven't defaulted on a loan in the past 2 years.
I have a limited credit history, 3 years or less.
I’m a gig/part-time worker without a predictable income.
I maintain a healthy balance in my checking/saving accounts.
Petal 2
Good credit
I haven't declared bankruptcy or defaulted on a loan in the last 4 years.
I haven't been more than 30 days late on any credit card, medical bill, or loan in the
last year.
I have had a loan or credit card for 3 years or more with a credit limit above $3000.
Information provided is for reference and guidance and fitting this criteria does not guarantee approval.
Our Partners
Our Partners
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Made with love in NYC and RVA.