Petal 2 Visa
By Alex Compton · Last verified
The fee-free starter card that proved cash flow underwriting works, now closed to new applicants.
Welcome Bonus
None
No welcome offer, closed to new applications
Spend Requirement
None
Annual Fee
$0
No FTF
Credit Score
No
credit history required (cash flow underwriting)
Common Questions
Is the Petal 2 Visa discontinued?
Yes. No welcome offer, closed to new applications. The fee-free starter card that proved cash flow underwriting works, now closed to new applicants.
What can I use instead of the Petal 2 Visa?
The closest open alternatives we track are the Chase Sapphire Preferred, Capital One Savor, Bilt Mastercard. Each links to our full review with its current offer and complete breakdown.
Open Alternatives
The Petal 2 is gone, but these cards do a similar job and are still accepting applications.
The best first travel card in the game. Full transfer partner access for $95.
3% on dining, groceries, entertainment and streaming. No fee.
The only card that earns points on rent with no fee.
Historical Offers Chart
Every public offer change we've tracked. Hover for details, timing your application is worth hundreds of dollars.
Last verified 2026-06-10 · spot an outdated offer? Tell us in the comments.
Earning Rates
- 1xAll purchases
- 1xSelect merchant offers earn 2% to 10%
Credits
No statement credits, this card wins on earn rates, not coupons.
Benefits
- ✦No fees of any kind: no annual, late, foreign transaction, or returned payment fees
- ✦Cash flow underwriting approves applicants with no credit file
- ✦Cash back grows to 1.5% with on-time payment history
- ✦Reports to all three credit bureaus
Why it earns its spot
- +Zero fee structure was unmatched in the starter category
- +Approval without any credit history
- +Existing cardholders keep their accounts and reporting
Where it costs you
- −Closed to new applications after the Empower acquisition
- −New applicants are routed to the Tilt Card instead
- −Product development has stalled under the new owner
The Compound Verdict
Petal 2 was the best first card in America for people with thin files, and its closure is a real loss. Empower bought Petal in 2024 and has since shut new applications, steering applicants to its Tilt Card. If you already hold one, keep it open: the zero-fee terms are grandfathered and the aging tradeline helps your score.
Rate this card
Be the first to rate it
Commentson Petal 2
Comments are stored in your browser during our community preview. Accounts, moderation and cross-device sync arrive with Credit Compound Community.