DON’T GET THE PETAL 2 CARD.The Petal 2 was my first credit card ever and I swore by it, even though the cash back rate is rather low, and the product itself is tremendously boring. But hey, it was a solid, reliable, no-annual-fee card that would not fail you… until a couple weeks back.Petal decided to start charging me an annual fee of $96, starting August 1st and if I don’t comply, I’m out, or so the ultimatum goes in my inbox.I researched this issue, and it turns out that this is not across the board, as Petal cherry-picked which customers to cut off—never mind that I’ve payed every single statement in full since inception.I called them and their representative said that they “don’t have answers” as to the company’s rationale to cut me off. Great! So professional!So now I will be out, and I will be several thousand dollars short in my credit line, which will impact my credit history immediately (due to account closure), and in the long run (due to expenditure proportion growth).Who on Earth advised this company to charge its customers like if Petal 2 was a co-branded Loyalty program?!Who in this company thought reasonable customers would pay $96 a year for a 1.5% cash back card?!Way to go Petal, you sure know how to alienate loyal customers!If you’re considering getting this card, DON’T, their business model can’t be trusted if they’re willing to play with something so sensitive as your credit score.There’s a million other options in the credit card market, so do yourself a favor and avoid dealing with this company.
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