Comparisons With Other Cards
Annual fee: Neither card charges an annual fee.
Rewards: Petal 2 “Cash Back, No Fees” Visa Credit Card holders earn 1% cash back on every eligible purchase. You can increase your earnings to 1.25% cash back if you make six monthly payments on time and 1.5% cash back if you make 12 monthly payments on time. Cardholders can earn 2% to 10% cash back on select purchases from participating merchants. The Citi Double Cash Card earns 1% cash back on purchases and 1% cash back when you pay off your purchases.
Sign-up bonus: Neither cards offer a sign-up bonus.
Benefits: Petal 2 “Cash Back, No Fees” Visa Credit Card holders have access to fraud protection and can automatically freeze their account. The mobile app offers Experian credit score monitoring and budgeting tools. With the Citi Double Cash Card, benefits include exclusive access to entertainment ticket purchases, identity theft support and zero liability protection.
Annual fee: Neither of these cards require an annual fee.
Rewards: You earn 1% cash back on every eligible purchase with the Petal 2 “Cash Back, No Fees” Visa Credit Card. You could increase your earnings to 1.25% cash back if you make six monthly payments on time and 1.5% cash back if you make 12 monthly payments on time. The card offers access to deals with participating merchants that earn 2% to 10% cash back on select purchases. Every Capital One Quicksilver Cash Rewards Credit Card purchase earns an unlimited 1.5% cash back.
Sign-up bonus: The Petal 2 “Cash Back, No Fees” Visa Credit Card does not offer a sign-up bonus. With the Capital One Quicksilver Cash Rewards Credit Card earn a one-time $200 cash bonus after you spend $500 on purchases within 3 months from account opening.
Benefits: The Petal 2 “Cash Back, No Fees” Visa Credit Card offers fraud protection and the ability to freeze your account. Additionally, budgeting tools and Experian credit score monitoring are available via the mobile app. Capital One Quicksilver Cash Rewards Credit Card holders have access to travel and protection benefits, including travel accident insurance, travel assistance services and extended warranty protection.
How to Maximize Rewards With the Petal 2 “Cash Back, No Fees” Visa Credit Card
The Petal 2 “Cash Back, No Fees” Visa Credit Card earns 1% flat-rate cash back on eligible purchases, so you don’t need to keep track of rotating bonus categories. Plan to make at least six monthly payments on time to increase your earnings to 1.25% cash back on every eligible purchase. You can boost your earnings to 1.5% cash back on every eligible purchase if you make 12 monthly payments on time. Cardholders can take advantage of select deals with participating merchants to earn 2% to 10% cash back on eligible purchases.
How to Redeem Rewards With the Petal 2 “Cash Back, No Fees” Visa Credit Card
Cardholders can redeem cash back as a statement credit up to the amount of the card’s current balance. Cash back rewards of more than $20 can also be redeemed as a check or a direct deposit to the cardholder’s bank account.
What Is the Petal 2 “Cash Back, No Fees” Visa Credit Card APR?
The Petal 2 “Cash Back, No Fees” Visa Credit Card has a 16.74% – 30.74% Variable APR.
What Are the Fees Associated With the Petal 2 “Cash Back, No Fees” Visa Credit Card?
- Annual fee: This card does not have an annual fee.
- Foreign transaction fee: The Petal 2 “Cash Back, No Fees” Visa Credit Card has a foreign transaction fee of $0.
- Late payment fee: This card doesn’t charge a late payment fee.
- Returned payment fee: The Petal 2 “Cash Back, No Fees” Visa Credit Card does not have a returned payment fee.
Should You Get the Petal 2 “Cash Back, No Fees” Visa Credit Card?
- Are trying to build credit.
- Want a credit card with no fees.
- Plan to maximize the card’s rewards potential by paying on time each month.