Petal 1 Credit Card vs. AvantCard Credit Card
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AvantCard Credit Card is another unsecured card that can help you build a good credit history. Like the Petal 1 Credit Card, it reports your payment history and utilization to the credit bureaus, so you’ll build credit as long as you pay on time and don’t max out your card. The biggest plus the AvantCard Credit Card has over the Petal 1 Credit Card is a potentially lower APR of 35.99% Variable.
However, it falls short of the Petal 1 Credit Card in several ways. It charges a $59 annual fee, and you won’t earn rewards with it.
Furthermore, consumers living in Colorado, Iowa, Vermont, West Virginia or Wisconsin can’t get this card. Overall, the Petal 1 Credit Card has more perks and is more accessible than the AvantCard Credit Card.
Both cards are issued by WebBank, Member FDIC.
Petal 1 Credit Card vs. Petal 2 Credit Card
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The
Petal 2 Credit Card is similar to the Petal 1 Credit Card, but offers better terms. It doesn’t require a security deposit, there’s a $0 annual fee, and also no late fee, foreign transaction fee or any other type of fee.
It offers a lower 27.99% - 31.49%. The max APR is still high, but its low range APR is great for a credit card for building credit if you qualify for it. It has the same rewards rate as the Petal 1 Credit Card: Earn 1% cash back on eligible purchases right away, and 2% to 10% cash back at select merchants — but a much higher credit limit potential of $300 to $10,000.
Just like the Petal 1 Credit Card, the Petal 2 Credit Card may use your banking and billing history on top of your credit score to see if you qualify, which may boost your approval odds over other cards. However, if you have many negative marks on your credit report, you still may not qualify for the Petal 2 Credit Card. Luckily, Petal allows you to prequalify for the card with no impact if to your credit score. If you don’t meet Petal’s criteria for this card, the Petal 1 Credit Card is still a solid option.
Petal 1 Credit Card vs. Discover it® Secured Credit Card
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Discover it® Secured Credit Card is one of the
best credit cards to build credit, and it’s a better choice than the Petal 1 Credit Card if you’re able to put down a deposit. It has a $0 annual fee, offers cash back on every purchase and the opportunity to graduate to an unsecured credit card with responsible usage.
Unlike the Petal 1 Credit Card, the Discover it® Secured Credit Card requires a security deposit of at least $200. Your credit limit will match your deposit, which could be a con if you’re looking for a high credit limit. However, you can get your deposit back if you close the card or Discover graduates you to an unsecured card.
The Discover it® Secured Credit Card has a much better cash back rewards program. You’ll 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. 1% unlimited cash back on all other purchases - automatically Also, Discover automatically matches your cash back at the end of your first year, for new cardholders.