topic Re: PETAL... in Credit Card Applications

PETAL...

britt585 — Sat, 04 Jan 2020 05:39:34 GMT

Hi does anyone know if Petal has start letting you re apply?....

Re: PETAL...

Anonymous — Sat, 04 Jan 2020 05:42:39 GMT

@britt585 wrote:
Hi does anyone know if Petal has start letting you re apply?....

They have not.

Re: PETAL...

britt585 — Sat, 04 Jan 2020 05:45:16 GMT

thanks....wishful thinking..lol

Re: PETAL...

Anonymous — Sat, 04 Jan 2020 06:04:08 GMT

@britt585 wrote:
thanks....wishful thinking..lol

Ugh, I know.. I was just thinking about them the other week. I wish they'd let us reapply lol.

Re: PETAL...

Brian_Earl_Spilner — Sat, 04 Jan 2020 06:26:58 GMT

Don't know what you guys mean by reapply, but you've been able to apply for a while now.

https://www.petalcard.com/?utm_source=branded-google-search&utm_medium=paid-search&utm_campaign=1596148045&utm_content=63064400529_kw=petal%20card_creative=349073869625&utm_term=1000&gclid=cjwkcaia6bvwbrbbeiwauer6jfgiy9rnlrqbovj27hsafpli37inuxnw4jeqytqwduy5wit8d7qhuroc9jyqavd_bwe

Re: PETAL...

Anonymous — Sat, 04 Jan 2020 07:28:40 GMT

@Brian_Earl_Spilner wrote:
Don't know what you guys mean by reapply, but you've been able to apply for a while now.

https://www.petalcard.com/?utm_source=branded-google-search&utm_medium=paid-search&utm_campaign=1596148045&utm_content=63064400529_kw=petal%20card_creative=349073869625&utm_term=1000&gclid=cjwkcaia6bvwbrbbeiwauer6jfgiy9rnlrqbovj27hsafpli37inuxnw4jeqytqwduy5wit8d7qhuroc9jyqavd_bwe

If you have applied before and been declined or if you started the app and didn't finish it and don't enter exactly the same info (like what happened to me), you cannot apply for the card again. It's a one shot deal.

Re: PETAL...

Anonymous — Sat, 04 Jan 2020 13:39:14 GMT

They are asking me to link my bank account, but I just opened a new one.

My old account is not supported for linking purposes.

Does anyone know how long I have to link the account, or if they have a BackDoor so I can talk to someone?

Re: PETAL...

RyVision — Sat, 04 Jan 2020 14:50:32 GMT

@Anonymous wrote:
They are asking me to link my bank account, but I just opened a new one.

My old account is not supported for linking purposes.

Does anyone know how long I have to link the account, or if they have a BackDoor so I can talk to someone?

I emailed them about something and they got back to me rather quickly. I almost did the pre-qualify check, but first bit wasn't enough so they wanted full SS#, I wasn't ready to try that yet.

Re: PETAL...

Brian_Earl_Spilner — Sat, 04 Jan 2020 15:00:27 GMT

@Anonymous wrote:
@Brian_Earl_Spilner wrote:
Don't know what you guys mean by reapply, but you've been able to apply for a while now.

https://www.petalcard.com/?utm_source=branded-google-search&utm_medium=paid-search&utm_campaign=1596148045&utm_content=63064400529_kw=petal%20card_creative=349073869625&utm_term=1000&gclid=cjwkcaia6bvwbrbbeiwauer6jfgiy9rnlrqbovj27hsafpli37inuxnw4jeqytqwduy5wit8d7qhuroc9jyqavd_bwe
If you have applied before and been declined or if you started the app and didn't finish it and don't enter exactly the same info (like what happened to me), you cannot apply for the card again. It's a one shot deal.

That's funny, because I attempted the app 4 times, on 4 different occasions, because they couldn't link my credit union. They processed it on the 4th time when I switched to chase.

For those curious, they pulled EX VantageScore 3.0

Re: PETAL...

Anonymous — Sat, 04 Jan 2020 19:09:19 GMT

@Brian_Earl_Spilner wrote:
@Anonymous wrote:
@Brian_Earl_Spilner wrote:
Don't know what you guys mean by reapply, but you've been able to apply for a while now.

https://www.petalcard.com/?utm_source=branded-google-search&utm_medium=paid-search&utm_campaign=1596148045&utm_content=63064400529_kw=petal%20card_creative=349073869625&utm_term=1000&gclid=cjwkcaia6bvwbrbbeiwauer6jfgiy9rnlrqbovj27hsafpli37inuxnw4jeqytqwduy5wit8d7qhuroc9jyqavd_bwe
If you have applied before and been declined or if you started the app and didn't finish it and don't enter exactly the same info (like what happened to me), you cannot apply for the card again. It's a one shot deal.
That's funny, because I attempted the app 4 times, on 4 different occasions, because they couldn't link my credit union. They processed it on the 4th time when I switched to chase.

For those curious, they pulled EX VantageScore 3.0

You must have entered the exact same info in the app each time. I tried one time and left during the process because I decided I didn't want another inquiry and something somewhere was different and it said I had already applied and kicked me out of it so I wrote it off.

From the official FAQ:

Re: PETAL...

Brian_Earl_Spilner — Sat, 04 Jan 2020 19:34:21 GMT

Of course I put the same exact info, it didn't change. The only difference was the bank on the fourth try. The app went through fine.

Re: PETAL...

Anonymous — Sat, 04 Jan 2020 19:48:08 GMT

@Brian_Earl_Spilner wrote:
Of course I put the same exact info, it didn't change. The only difference was the bank on the fourth try. The app went through fine.

I swear I put the exact same info in too but it acts like I actually finished applying before. Oh well, it's no big loss.

Re: PETAL...

Remedios — Sun, 05 Jan 2020 02:55:17 GMT

@Brian_Earl_Spilner wrote:
Of course I put the same exact info, it didn't change. The only difference was the bank on the fourth try. The app went through fine.

Bree, do you have this card?

I'm not sure I can even tell who their target audience is. To me it appears to be those with little or no credit, where qualification is primarily based on ability to repay via access to banking information beforehand.

Am I misunderstanding what I read on their page?

Re: PETAL...

FinStar — Sun, 05 Jan 2020 04:51:14 GMT

@Remedios wrote:
@Brian_Earl_Spilner wrote:
Of course I put the same exact info, it didn't change. The only difference was the bank on the fourth try. The app went through fine.
Bree, do you have this card?

I'm not sure I can even tell who their target audience is. To me it appears to be those with little or no credit, where qualification is primarily based on ability to repay via access to banking information beforehand.
Am I misunderstanding what I read on their page?

I... uh... ummmm...has Petal cuz you know, I have very little credit, goals and all. Please don't beat me.

I bought cow with it too!🐄😁♥️

Re: PETAL...

Remedios — Sun, 05 Jan 2020 04:56:14 GMT

@FinStar wrote:
@Remedios wrote:
@Brian_Earl_Spilner wrote:
Of course I put the same exact info, it didn't change. The only difference was the bank on the fourth try. The app went through fine.
Bree, do you have this card?

I'm not sure I can even tell who their target audience is. To me it appears to be those with little or no credit, where qualification is primarily based on ability to repay via access to banking information beforehand.
Am I misunderstanding what I read on their page?
I... uh... ummmm...has Petal cuz you know, I have very little credit, goals and all. Please don't beat me.

I bought cow with it too!🐄😁♥️

You has everything, including the right gifts! ❤

Except for Ranchers And Cows CU card.

Re: PETAL...

JNA1 — Mon, 06 Jan 2020 02:45:40 GMT

I did the prequal on the Petal card a while back just to see where I stood with them. They asked to link a bank account, and at that point, I was no longer interested in going further. I just didn’t complete it, and thought that would be it. A few days later I got an email from an account manager basically trying to talk me into linking my bank account info. I responded and told him that I’d never had to do that, and wasn’t willing to do so. He emailed me back explaining why they did that etc. I declined again, and he told me that if I didn’t finish the pre-approval that I couldn’t apply later. I never responded again, and a week or two later I got an email stating that I could not apply again.

It’s a weird business model for a very mediocre card, IMO. 🤷‍♂️

Re: PETAL...

Anonymous — Mon, 06 Jan 2020 03:08:20 GMT

@JNA1 wrote:
I did the prequal on the Petal card a while back just to see where I stood with them. They asked to link a bank account, and at that point, I was no longer interested in going further. I just didn’t complete it, and thought that would be it. A few days later I got an email from an account manager basically trying to talk me into linking my bank account info. I responded and told him that I’d never had to do that, and wasn’t willing to do so. He emailed me back explaining why they did that etc. I declined again, and he told me that if I didn’t finish the pre-approval that I couldn’t apply later. I never responded again, and a week or two later I got an email stating that I could not apply again.

It’s a weird business model for a very mediocre card, IMO. 🤷‍♂️

Yeah Deserve is another card that works the same way with the bank account linking and crap.

Re: PETAL...

JNA1 — Mon, 06 Jan 2020 03:18:34 GMT

It was an odd experience for sure. This was the email from the Account Manager:

“Unlike other credit card companies, Petal looks at more than your credit score to see if you’re a good fit. In order to do this, we need to be able to review your full digital financial history. Linking your checking, savings, and credit accounts shows us how you make, save and spend money. The more accounts you link, the better overview we have of your finances which helps us make better credit approval decisions.

Once you’re approved for Petal, you’ll be able to view the balances of your linked accounts all in your Petal dashboard. No more logging in to different apps or guessing the balance in your checking account! You’ll be able to view your money in one place, so making informed and responsible decisions when using Petal is as easy as possible. Not to mention that keeping your accounts linked helps us get a long-term picture of your finances—if you use Petal responsibly over time, your APR or credit limit may increase.

Petal uses third-party data providers, Quovo and Plaid, to access your financial history and your login credentials are never stored. For more information on their privacy policies, check out their privacy policies below:”

Re: PETAL...

mikesonthemend — Mon, 06 Jan 2020 03:20:57 GMT

Their business model is selling their "customers'" data.

Re: PETAL...

Anonymous — Mon, 06 Jan 2020 04:09:55 GMT

@JNA1 wrote:
It was an odd experience for sure. This was the email from the Account Manager:

“Unlike other credit card companies, Petal looks at more than your credit score to see if you’re a good fit. In order to do this, we need to be able to review your full digital financial history. Linking your checking, savings, and credit accounts shows us how you make, save and spend money. The more accounts you link, the better overview we have of your finances which helps us make better credit approval decisions.

Once you’re approved for Petal, you’ll be able to view the balances of your linked accounts all in your Petal dashboard. No more logging in to different apps or guessing the balance in your checking account! You’ll be able to view your money in one place, so making informed and responsible decisions when using Petal is as easy as possible. Not to mention that keeping your accounts linked helps us get a long-term picture of your finances—if you use Petal responsibly over time, your APR or credit limit may increase.

Petal uses third-party data providers, Quovo and Plaid, to access your financial history and your login credentials are never stored. For more information on their privacy policies, check out their privacy policies below:”

Plaid actually terrifies me. It connects to bank accounts and actually totally bypasses their additional security like multifactor authentication.

I guess I'm glad I didn't finish the app. I don't want to give that info to anyone. I actually was thinking about ditching my bank because they use Zelle which means every transaction in or out gets reported to EWS.

It's terrifying how much data these companies legally harvest from us...