Can I earn cash back with Petal?

If you've got a Petal card, you've got the opportunity to earn cash back on your purchases. Check out some of the FAQs below and the Petal Perks Program for more details. 

Cash Back at PetalCash Back OffersCash Back Rewards

How do I earn cash back?

You can earn cash back with Petal Rewards and Offers.  

Earning cash back with Rewards. Just make purchases using your Petal card and a percentage of what you spend is automatically deposited into your Cash Back Wallet the following billing cycle.  

Earning cash back with Offers. Merchant offers are automatically loaded to your Petal account. When you make a purchase with a merchant that meets the requirements listed in the Offer terms, you’ll earn cash back based on their offer. Cash back earned from offers will be added to your Cash Back Wallet the following billing cycle. 


Is the cash back I earn from Offers the same as the cash back I earn from Rewards?

Yes! At Petal, cash back is cash back, no matter how you earn it. Cash back earned from both Rewards and Offers will be added to your Cash Back Wallet once a month. 


How do I redeem cash back?

It’s easy! You can redeem the cash back in your Cash Back Wallet as a statement credit up to the amount of your current balance or as a check (if it’s over 20 dollars).  

To redeem cash back as a statement credit, head over to the Perks page of your Petal account and click 'redeem.' On the next screen, you’ll be able to enter the amount of cash back you’d like to redeem—you can redeem either a portion of what’s available in your Cash Back Wallet, or you can redeem all of it. Just swipe to confirm. It will be labeled as ‘Cash Back Credit’ on your statement for the billing period in which you’ve redeemed it and will show up on your Petal account activity feed.

If you’d like us to send you a check instead, give us a call at 1-855-697-3825 and we’ll mail one to the address associated with your account.  


Can I earn cash back from Rewards and Offers on the same transaction?

Yes! With Petal Offers, you’ll earn cash back when you successfully accept a merchant offer that’s been added to your Petal card. For all eligible purchases you make, you will continue to earn cash back Rewards—that means you can accept a merchant Offer and earn cash back Rewards on the same purchase.  


When can I redeem the cash back I’ve earned?

You can redeem the cash back you earn from both Rewards and Offers as soon as you see it in your Cash Back Wallet the following month. For example, if you earn $25 cash back during the May billing cycle, it should show up in your Cash Back Wallet in the June billing cycle.  


Does the cash back that I earned ever expire?

As long as your Petal account is open and in good standing, the cash back you earn won’t expire.   


What happens to the cash back I’ve earned if my account is closed or suspended?

If your Petal account is closed for any reason, you’ll lose any cash back earned that you haven’t redeemed yet. If your account is suspended, you won’t be able to redeem or earn additional cash back until your account returns to good standing. 


Can I use the cash back I redeem towards my minimum payment?

No—cash back credits that you redeem can’t be applied to your minimum payment, but it will reduce your Current Balance. So, you need to make at least your minimum payment each month. 


How can I keep track of my cash back activity?

Petal makes it super simple to keep tabs on your cash back activity. If you head to the Perks page of your Petal account, you’ll be able to see your:

  • Lifetime Cash Back - how much cash back you’ve earned in total. 
  • Cash Back Wallet - how much cash back you can redeem right now. 
  • Available in X days - this feature illustrates when the cash back you’ve earned is available to be redeemed. 
  • Rewards Status - the percentage of cash back you’re currently earning on purchases.  


Who is eligible to earn cash back?

All Petal members who are in good standing are eligible to earn cash back. You’ll be automatically enrolled in both Rewards and Offers if you’re approved for a Petal card. 

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