Have had the card for almost a year and no problem what so ever. So no need to be worried at all...
I agree with you, I saw that APT # 2 address in the Experian's Credit Report info of PETAL and when I saw that, I quickly changed my bank password. I plan on changing my bank account info in the morning also. If I keep them, I will pay by other credit card instead much safer.
I wouldn't be freaking out about them using an aggregation tool that any more than I would about Mint/Intuit, Fidelity, and so on (my credit union offers one)... but you do you I guess. This is actually fairly common for banks to offer this; what's unique is Petal uses it to help inform how they grant credit.
It took 2-4 weeks for the PETAL card to arrive. and I figured out they won't report to the Credit Bureaus until you first make a purchase on their card which took 2-3 months to show up on. They do report to all 3 Credit Bureaus (Experian, Equifax & TransUnion). So for any new card for anything I recommend you make a small purchase so you will get on the Credit Bureaus Radar which will boost down your credit usage percentage (Below 30%) and raise your credit score each month.
I applied about two months ago. At the time, I had a couple of starter cards and not much else. I reached the part of the application where you enter your bank login information. I entered it, but got the password wrong (I realized later). It said it was "trying to connect" and told me to "check again tomorrow" every time I checked for about a week. I don't remember now if I was unaware at that time that I had the password wrong, or if it didn't give me an opportunity to change the password. I think the latter, but wouldn't swear to it. Eventually, it told me that I had been denied. I don't think it gave a reason. I am unable to try again, because Petal does not allow you to reapply once you've been denied. Don't really care at this point, just posting for data points.
Hi I got approved for Petal account and i didnt have to link bank information, I was able to be approved from credit report only. When you set up bill pay they have 2 options. I picked option 2 as i will not give anyone access to my banking account in this way.
Hi I got approved for Petal account and i didnt have to link bank information, I was able to be approved from credit report only.
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