Are Petal cards secured cards?

No, Petal cards are not secured cards and no deposit of any kind is required. In comparison to secured cards and many introductory credit cards, Petal also offers higher credit limits and lower interest rates.


In case you were wondering, a secured card is a credit card that requires the consumer to put down a cash security deposit to open an account. The deposit, which can be hundreds of dollars, is generally the maximum credit limit available on the account.

 

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