Mastercard True Name® VS Petal

Compare Mastercard True Name® VS Petal and see what are their differences

Bill.com

Your financial operations platform. The intelligent way to create and pay bills, send invoices, manage expenses, control budgets, and access the credit your business needs to grow—all on one platform. featured

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Mastercard True Name®

Being your true self is Priceless®

Petal

A simple, no-fee credit card

Landing page //
2023-04-01

Landing page //
2023-09-14

Mastercard True Name®

Website: mastercard.us
Pricing URL: -

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Petal

Website: petalcard.com
Pricing URL: Official Petal Pricing

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Mastercard True Name® features and specs

No features have been listed yet.

Petal features and specs

No Fees
Petal cards come with no annual fees, late fees, or foreign transaction fees, providing a more cost-effective option for cardholders.
Credit Building
Petal reports to all three major credit bureaus, which helps users build their credit score over time with responsible use.
High Credit Limits
Petal offers higher credit limits relative to other starter credit cards, which can be beneficial for improving credit utilization ratios.
Cash Back Rewards
Petal cards offer cash back rewards on purchases, starting at 1% and increasing up to 1.5% after 12 months of on-time payments.
Modern App Experience
The Petal app provides useful financial tools and insights, like spending tracking and budgeting help, enhancing user financial management.

Possible disadvantages of Petal

Income-Based Approval
Petal uses a cash flow underwriting model which relies on linking your bank account for approval, making it less ideal for individuals with irregular or informal incomes.
Variable APR
Petal cards come with a variable APR that can be higher than other entry-level credit cards, potentially leading to significant interest charges if balances aren't paid in full.
Limited Card Options
Petal offers fewer card options compared to traditional credit card issuers, which may limit choices for users with specific card feature preferences.
No Balance Transfer Options
Petal does not currently support balance transfers, which can be a drawback for those looking to consolidate debt from other cards.

Mastercard True Name® videos

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Petal videos

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Petal Credit Card Review | my experience with Petal Card

Category Popularity

0-100% (relative to Mastercard True Name® and Petal)

Mastercard True Name®

Petal

Fintech

20 20%

Fintech

80% 80

Mobile Apps

100 100%

Mobile Apps

0% 0

Online Payments

16 16%

Online Payments

84% 84

Money Transfer

0 0%

Money Transfer

100% 100

User comments

Share your experience with using Mastercard True Name® and Petal. For example, how are they different and which one is better?

Social recommendations and mentions

Based on our record, Petal seems to be more popular. It has been mentiond 1 time since March 2021. We are tracking product recommendations and mentions on various public social media platforms and blogs. They can help you identify which product is more popular and what people think of it.