Petal 2 Cash Back Payoff Calculator 2026

Card data, May 13, 2026

• Issuer: WebBank (issuing partner). Petal is the brand and servicer.
• Network: Visa
• APR: 18.24-32.24 percent variable
• Annual fee: $0
• Foreign transaction fee: $0
• Late fee: up to $40
• Rewards: 1 percent base cash back, 1.25 percent after 6 on-time payments, 1.5 percent after 12 on-time payments. Plus 2-10 percent cash back at select rotating merchants
• Balance transfer: not offered
• Reporting: all three major bureaus
• Approval: cash-flow underwriting; FICO considered when present
• Minimum payment: greater of $25 or 1 percent of balance plus interest and fees

Source: Petal 2 terms, verified 2026-05-13.

What makes Petal 2 different from Petal 1

Petal 2 adds flat cash back and is positioned for applicants with some FICO history (600-680 typical). Petal 1 is the no-rewards step-up product for no-FICO or sub-600 applicants. Both are issued by WebBank using the same cash-flow underwriting framework, but Petal 2 prices its lower-risk pool at a wider APR range that can start at 18.24 percent for the strongest cash-flow profiles.

TL;DR

For revolvers, even Petal 2’s best-case 1.5 percent cash back does not offset interest at 18 percent or higher. The rewards math only works when the statement balance is paid in full every cycle.

Math worked example

A $5,000 balance at 25.00 percent APR (middle of Petal 2 range), $200 a month payment:

• 36 months to payoff
• $2,355 interest paid
• Total cost: $7,355

Same balance at $300 a month:

• 22 months to payoff
• $1,388 interest
• Total cost: $6,388

Going from $200 a month to $300 a month saves $967 in interest and shortens payoff by 14 months. At Petal 2’s middle-of-range APR, payment escalation matters significantly.

If you also spend $1,000 a month on the card during payoff:

• Cash back earned at 1.5 percent: $540 over 36 months
• Lost grace period means new purchases accrue interest from day 1 at 25 percent
• Estimated added interest on new spend: $280 over 36 months
• Net rewards benefit: $260

For paid-in-full users with no carried balance, the 1.5 percent rate is competitive with prime no-annual-fee cash back cards.

Run your specific Petal 2 numbers

The pillar tool handles any APR within the Petal 2 range. Find your specific rate inside the Petal app under card details. Plug in balance and payment to get months to payoff and total interest.

Why Petal 2’s APR range is so wide

A 14-point spread between best and worst APR (18.24 percent vs 32.24 percent) is wider than most prime cards (which typically have 7 to 9 point spreads). The wide range reflects WebBank’s approach: rather than declining marginal applicants, Petal extends credit at higher APRs proportional to the cash-flow risk it observes.

If you applied with 12+ months of FICO history above 680 and stable checking activity, you likely got a rate in the 18-22 percent band. With thin FICO and borderline cash flow, you likely got 28-32 percent.

The Federal Reserve’s G.19 Consumer Credit shows average commercial-bank credit card APRs around 21-22 percent in recent quarters, so a 25 percent Petal 2 rate is in line with subprime-to-prime market pricing.

Petal 2 is not a balance transfer card

WebBank does not enable inbound balance transfers on Petal 2. Do not apply for Petal 2 expecting to use it as a 0 percent destination. If you carry balances elsewhere, look at dedicated transfer cards (Citi Diamond Preferred, Wells Fargo Reflect, BankAmericard).

Avalanche priority

If your Petal 2 APR is in the 25-32 percent band and you carry balances on other cards in the 18-23 percent range, Petal 2 is your avalanche priority. Pay minimums on lower-APR cards, put extra dollars on Petal 2.

If your Petal 2 APR landed at 18-20 percent (strongest applicants), it may not be your highest-APR card. Pay off any 22 percent or higher cards first.

Should you carry a balance for the cash back?

No. At 1.5 percent cash back on a 25 percent APR, you lose 23.5 percent net on any balance carried for 12 months. The Petal 2 is a transactor card. Any month you carry, the interest dwarfs the rewards.

Graduation path beyond Petal 2

After 12+ months of on-time payments and low utilization, your FICO is likely strong enough to qualify for a prime no-annual-fee cash back card. The Citi Double Cash (2 percent), Wells Fargo Active Cash (2 percent flat), or Fidelity Rewards Signature Visa (2 percent into investment account) all beat Petal 2’s 1.5 percent cap.

That said, the no foreign transaction fee on Petal 2 is competitive with prime cards. If you travel internationally, the 0 percent FX fee is a real ongoing benefit.

Should you close Petal 2 after graduating?

Generally no. Same logic as Petal 1: $0 annual fee, contributes to average account age, no downside to keeping open with zero balance.

Why the rewards rate steps up

The 1 percent base rising to 1.5 percent after 12 on-time payments is a behavioral nudge that aligns the rewards structure with WebBank’s underwriting goal: rewarding the on-time-payment behavior that signals graduation-ready credit. CFPB has noted similar behavior-linked rewards structures in the credit-builder card market (CFPB credit-builder guide).

Other no-fee credit-builder and entry cards

• Petal 1 Visa payoff calculator
• Mission Lane Visa payoff calculator
• SoFi credit card payoff calculator
• Chime Credit Builder payoff calculator

Related

• Credit card payoff calculator (home)
• Credit card payoff by card type
• Avalanche vs snowball method
• Balance transfer calculator

Frequently asked questions

What is the APR on the Petal 2 Visa Cash Back?

18.24-32.24 percent variable as of May 13, 2026, per the Petal 2 pricing page. The range is unusually wide because WebBank’s cash-flow underwriting prices applicants across a broad credit-quality spectrum into one product. Your specific rate is fixed at application based on FICO when available and your connected checking-account cash flow.

How does Petal 2 cash back work?

You earn 1 percent cash back on every purchase from day 1. After 6 consecutive on-time payments, the rate rises to 1.25 percent. After 12 consecutive on-time payments, it rises to 1.5 percent. Petal also runs rotating 2-10 percent merchant offers. Cash back posts to your statement after the purchase clears.

Is Petal 2 better than Petal 1?

For most applicants with some FICO history, yes. Petal 2 offers cash back (Petal 1 does not), starts at a lower APR floor (18.24 percent vs 26.74 percent), and uses the same WebBank underwriting. Petal 1 exists for applicants who cannot qualify for Petal 2, typically no-FICO or sub-600 profiles.

Can I balance transfer to Petal 2?

No. Neither Petal 1 nor Petal 2 accept incoming balance transfers or run promotional 0 percent APR offers. If you need to consolidate balances, the move is to use a dedicated transfer card from another issuer and transfer any Petal 2 balance outbound.

Does Petal 2 charge foreign transaction fees?

No. Petal 2 charges 0 percent on foreign transactions, which is competitive with premium travel cards and unusual for a no-annual-fee subprime-to-prime card. For international spenders on a budget, this is a real benefit even on the higher-APR rates.