Petal® 1 for Fair Credit is a credit card offered by Petal, a financial technology company. It is designed specifically for individuals with fair or average credit scores. The card comes with various features and benefits to help users build or improve their credit history.

To qualify for Petal® 1, you generally need to have a fair credit score. The specific credit score requirements may vary, but typically it includes individuals with FICO scores in the 580 to 669 range. Additionally, you must meet other eligibility criteria, such as being at least 18 years old and having a verifiable source of income.

The credit limit for Petal® 1 for Fair Credit can go up to $5,000. However, the initial credit limit you receive may vary based on your creditworthiness and other factors determined by Petal.

No, Petal® 1 for Fair Credit does not charge an annual fee. This can be a significant advantage, especially for individuals with fair credit who may have limited access to no-annual-fee credit cards.

As of my last update in September 2021, Petal® 1 for Fair Credit did not offer a rewards program or cashback offers. The primary focus of this card is to help individuals build credit responsibly. However, it’s essential to check the latest updates or contact Petal directly for any changes to their rewards program.

Petal® 1 for Fair Credit does not charge foreign transaction fees. This means that you can use the card for purchases abroad without incurring additional fees for international transactions.

To apply for Petal® 1 for Fair Credit, you can visit the official Petal website and fill out the application form. The application process is typically straightforward, and Petal will review your creditworthiness to determine your eligibility for the card and your credit limit. See more on our guide.