We started Petal to allow more people to access safe, modern, affordable credit and start building their financial lives. We developed technology to help more people qualify for cards, using bank statements in addition to credit scores.
Falsely advertised as a “no fee” card and then began charging fees after two years of on time payments and <10% credit utilization rate. Avoid at all costs, they take advantage of people with little credit history.
Just moved to SF from Canada and I've spent the past month and a half struggling to get my finances setup. I don't have a credit history and my Canadian bank doesn't provide a decent cross border account so I have to start completely from scratch. Even though I make a decent salary I've been rejected by Simple, Chime, Final, Capital One, and Chase, all because I don't have an American credit score. If this service works as advertised it will be one of the most useful and timely services I will have used in my life.
Full disclosure: I work at Petal, and I work here because I think this is an awesome product, especially for people new to credit, recent immigrants, and first time credit card owners.
