Page 11 - Credit Building Toolkit by Adrean Yancy Jr (2)

Credit Builder Toolkit

Pros Cons
. Charges interest fee which could be a
· Zero foreign transaction fee.
· No credit check is needed to get this hindrance to most consumers trying to
card. build their credit.
· Exciting reward perks in the form of
cashback.

· You can transition to an unsecured
credit card.

2. Petal Credit Card
With a Petal credit card, building a solid credit score has never been this easier. Petal
has two credit cards serving the same purpose—helping those with no/poor credit
build a strong credit score. With these cards, consumers do not need to pay an

annual fee and a security deposit. Plus, you get to earn cashback at some designated
merchants.

With Petal 1 card, consumers can earn between 2% - 10% of their cashback, while
Petal 2 offers 1% - 1.5% cashback. The cashback perks are designed to encourage
consumers to build a good spending habit while building their scores. Initially, a
consumer starts with 1% cashback and then proceeds to 1.25%, then later to 1.5% as

long as that consumer shows a good and timely payment behavior. You’ll like to try a
Petal credit card? Go here.

There are no fees attached to Petal cards, be it an annual fee, late fee, or fees for
international transactions. Other than that, you will get a credit limit that ranges

between $500 and $ 10,000. Although it has a competitive APR, its reward program
will undoubtedly help you save some cash while building your credit score. Still not
sure if this is for you? Click here.

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