Petal Card vs Grain: The Digital Credit Card Usage & Stats
Petal's aim is to bring financial innovation and opportunity to everyone. We use modern technology to help people build credit, avoid debt, and spend responsibly. Instead of looking at just credit scores, we use millions of additional data points to help more people qualify for credit, even if they've never had it before.
PETAL 1 is designed for those who are seeking to improve their credit score. It has no annual fee. See our current APR ranges at https://www.petalcard.com
PETAL 2 is our most advanced card yet. With Petal 2 you can enjoy all the perks of a cash back card without any of the fees. No annual fee, late payment fee, foreign transaction fee, or any-other-kind of fee. See our current APR ranges at https://www.petalcard.com
MORE CASH BACK AT MORE PLACES - Both cards come loaded with 2% - 10% cash back offers from top brands and over 500 local businesses.
STAY IN CONTROL - With our app you’ll be able to track your credit score, set a budget, manage subscriptions, and see all your accounts in one place so you’re always on top of your money.
BUILT TO BUILD - Petal reports to all three credit bureaus, and previous credit history is not required to qualify.
GREAT RATES - Better technology means lower variable APR’s. See our current APR ranges at https://www.petalcard.com
FEES? - Petal 1 has late and bounced payment fees. But there are no fees of any kind on Petal 2.
UNBELIEVABLE - You actually read this far, thanks!
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Grain helps build your credit and increase your credit line with only a $25 initial deposit. No credit check or physical card. Grain is available in Maryland, Minnesota, New Hampshire, Ohio, and Utah.
• Get an offer in minutes - link your primary checking account and see your credit offer in minutes.
• Fast access to credit - Start using your credit after placing just $25 of the security deposit.
• Use credit in seconds - instantly transfer credit to your linked checking account and use it as cash, from your debit, or any way you’d like.
• Build credit - on-time payments help build your credit. Auto-pay drafts monthly minimum payments before your due date to avoid late and overdraft fees.
• Pay deposit in installments - unlock more credit with every installment placed.
• Credit reporting - we report your account activity to all three credit bureaus monthly.
• Fees - 15% APR and a 1% finance charge on credit advances. A one-time sign-up fee and monthly service fee apply. See Credit Agreement and Terms of Service for more details.
• Personalized credit tips - adjust your credit management habits and improve your credit score through actionable recommendations.
• Security taken seriously - we protect your data with 256-bit bank-level encryption, and we are FDIC insured.
*Credit offer dependent on cash flow in linked checking account. See Credit Agreement and Terms of Service for further details.
Grain is headquartered at:
505 14th St
Suite 900
Oakland, CA 94612
Grain Help Line:
1 (833) 755-0809
Customer Support: https://graincustomersupport.zendesk.com/hc/en-us
Terms of Service: https://trygrain.com/termsofservice/
Privacy Policy: https://trygrain.com/privacypolicy/
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- Free
- Finance
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Petal Card VS. 
Grain: The Digital Credit CardDecember 27, 2024