Compare Cards: Petal 1 Visa vs. Petal 2 Visa vs. Amex Cash Magnet

Swipe →

Earning Rates	Petal 1 Visa Petal no-annual-fee Details	Petal 2 Visa Petal no-annual-fee Details	Amex Cash Magnet American Express no-annual-fee Details
First-year value Welcome offer + annual credits − annual fee	+$0	+$0	+$200
Annual Fee	Waived	Waived	Waived
Credit Required	Limited/No Credit History	Limited/No Credit History	Good
Foreign Fee	Waived	Waived	Waived
Welcome Offer	— No welcome bonus. Earn cash back through Petal Offers at select merchants.	— No welcome bonus. Earn cash back through Petal Offers at select merchants.	$200 Earn $200 Cash Back after spending $1,000 in first 3 months Spend $1,000 in 3 mo
Network	visa	visa	amex
Earning Rates
All Purchases	—	—	1.5× unlimited
All other purchases	1× 1% cash back on all other eligible purchases (introductory); increases to up to 1	—	—
All other purchases (after 12 on-time payments)	—	1.5× 1	—
All other purchases (after 6 on-time payments)	—	1.25× 1	—
All other purchases (initial)	—	1× 1% cash back on all purchases to start	—
Petal Offers at select merchants	2× Earn 2% to 10% cash back at select merchants through Petal Offers	2× Earn 2% to 10% cash back at select merchants through Petal Offers	—
Benefits & Credits	Other Benefits Credit building: Reports to all three major credit bureaus; on-time payments build credit history Credit limit increase path: Potential for credit limit increase in as little as 6 months with responsible use No fees: No annual fee, no foreign transaction fees, no late fees, no penalty fees	Other Benefits Credit building: Reports to all three major credit bureaus; strong on-time payment history builds credit No fees — ever: Unlike the Petal 1, the Petal 2 charges NO fees of any kind for new cardholders — no annual fee, no foreign transaction fees, no late fees, no account fees Credit limit increase path: Automatic review for credit limit increases with responsible use	—
Insurance