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Petal.org offers innovative credit card solutions designed to help individuals build or improve their credit, utilizing technology to assess creditworthiness beyond traditional scores.
Petal.org, representing the Petal credit card, is at the forefront of revolutionizing how individuals access and manage credit. Founded on the belief that traditional credit scoring models often exclude a significant portion of the population – particularly those new to credit or with limited credit history – Petal set out to create a more inclusive and accessible financial product. Our mission is to empower consumers to build healthy financial habits and achieve their financial goals through responsible credit use.
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What is the Petal credit card?
The Petal credit card is an innovative credit solution designed to help individuals build or improve their credit, especially those with limited or no credit history, by using alternative data points for approval.
How does Petal assess creditworthiness?
Petal uses a proprietary "Cash Score" that analyzes your banking history, including income, savings, and spending habits, in addition to traditional credit scores, to assess your creditworthiness.
Do I need a credit history to get a Petal card?
No, a long credit history is not strictly required. Petal's Cash Score allows them to consider applicants even if they have limited or no traditional credit history.
What features does the Petal app offer?
The Petal mobile app provides tools to help you track your spending, manage your budget, monitor your credit score, and make payments, all designed for transparency and financial insight.
How can using a Petal card help my credit score?
By making on-time payments and managing your credit responsibly with a Petal card, your payment history is reported to major credit bureaus, which can help build and improve your credit score over time.