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 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. 🤷♂️
It’s a weird business model for a very mediocre card, IMO. 🤷♂️
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:”
“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:”
Their business model is selling their "customers'" data.