Petal has zero fees: no annual membership fees, late fees, or any-other-kind-of fees! You won’t ever have to submit a deposit to get a Petal card, either which means it won’t cost you a dime as long as you pay your Statement Balance in-full and on-time each month.
After you get approved and start using your card, interest will be charged on any new purchases if you decide to carry a balance. Your interest rate is the variable Annual Percentage Rate (APR) you accept when you open your account. For the full breakdown on how interest works at Petal, take a look at your Cardholder Agreement.