How can I use my Petal card so I’m not charged interest?

Managing a credit card starts with understanding how interest charges work and how to avoid them, if you can. Here are a few tips to help you stay in charge of your Petal card:

  1. Budget: Having access to more credit doesn’t mean you should go overboard! Make sure you’re only spending what you can afford to pay off in full each month. Your Petal dashboard is updated in real time and shows you how much you’ve spent on your card, so you can easily keep tabs on your budget.
  2. Pay your full Statement Balance: The only way to make sure you’re not charged interest is to pay your full Statement Balance by the due date every month.
  3. Understand important dates: Keep an eye on your inbox and your dashboard. It’s also helpful to review your statements and check when your payment is due each month. You can find your payment due date in the Settings tab and on your dashboard.
  4. Set up AutoPay: Make sure you never miss a payment by setting up AutoPay, so you can sit back and relax, knowing you’re on top of your bills.


Do you have any tips for minimizing the amount of interest I am charged?

If you end up paying less than your Statement Balance so you start carrying a balance, you can minimize the amount of interest you’ll owe by paying your balance off as soon as you can. Interest is charged every day on your daily balance, so the sooner you can pay it off, the less interest you’ll be charged. There’s no need to wait until your due date to pay—you can always pay early on the day that’s right for you (like payday!). You can also set up your AutoPay to run on any date from the 7th to the 26th of the month. For more information on setting up AutoPay, check out this article

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