Petal (Cashback) Card Approval - Hard Pull only, Bank/Asset discovery no longer necessary

[donotpassgo]

No more linking accounts; I applied and was approved in a few minutes. Checked for preapproval beforehand.

Low starting limit (fine with me) - $2K, 1% cashback upgradeable to 1.5% upon meeting terms as follows:

https://i.vgy.me/hFFEBa.png

Six (6) on time payments to upgrade to 1.25% cashback. After a total of twelve (12) on time payments, upgrade to 1.5% cashback status.

23.24% starting APR (just a data point. I PIF, so inconsequential for now).

I ran a couple searches and didn't see any new updates regarding the Petal approval process; thought I'd chime in.

They pulled Experian - [714] - no derogs, VERY thin file, AAOA less than a year.

[pizza1]

Congrats on the approval!

Welcome to the forums as well

[Anonymous]

Pardon my ignorance but how do you get pre approved for this card I’ve never seen a link to it and I don’t like they request to see your bank account.

[jb90]

Bank is not required but can help those with low or no score

If you have a credit score we’ll look at it, but if you don’t, Petal is one of the only credit cards you can get without credit history or an up front deposit. If we need more information to make a decision, you can connect your accounts and let our clever algorithms go to work.

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[MartyWrite75]

Congratulations on your approval!

[Anonymous]

Congrats on the approval and welcome! Not a bad starting limit as long as it's not your primary card.

[AverageJoesCredit]

Congrats. Interesting data point. Thanks for sharing