Credit Compound

Petal

Petal pioneered cash flow underwriting, approving applicants based on banking history instead of credit scores, with cards issued by WebBank. Empower Finance acquired Petal in 2024 and has since closed the Petal 1 and Petal 2 to new applications, routing new applicants to its Tilt Card while existing cardholders keep their accounts.

Application Rules

  • ▸Closed to new applications: existing accounts remain open and continue reporting
  • ▸Original underwriting used linked bank account cash flow, so no credit history was required
  • ▸Reports to all three bureaus

Tracked Petal Cards

Visa
Petal 2
Personal · No AF
Petal 2 VisaPetal

The fee-free starter card that proved cash flow underwriting works, now closed to new applicants.

Special bonusAF: $0Rating: 7.0/10
Full ReviewView Offer
Visa
Petal 1
Personal · No AF
Petal 1 VisaPetal

Petal's lower-tier builder card, also closed since the Empower acquisition.

Special bonusAF: $0Rating: 6.0/10
Full ReviewView Offer