Unlike other credit card companies, Petal looks at more than your credit score to see if you’re a good fit. In order to do this, we need to be able to review your full digital financial history. Connecting your checking, savings, and credit accounts shows us how you make, save and spend money. The more accounts you connect, the better overview we have of your finances which helps us make better credit approval decisions.
Once you’re approved for Petal, you’ll be able to view the balances of your connected accounts all in your Petal dashboard. No more logging in to different apps or guessing the balance in your checking account! You’ll be able to view your money in one place, so making informed and responsible decisions when using Petal is as easy as possible. Not to mention that keeping your accounts connected helps us get a long-term picture of your finances—if you use Petal responsibly over time, your APR or credit limit may increase.
Petal uses third-party data providers, Quovo and Plaid, to access your financial history and your login credentials are never stored. For more information on their privacy policies, check out their privacy policies below: