Published: July 15, 2024
Leap is a program that provides Petal members with opportunities to earn rewards like a credit limit increase and exclusive badges by completing challenges to demonstrate responsible usage of their Petal card.
All Petal members in good standing are eligible to participate in the Leap program. To participate in a given Leap challenge, members can visit the Leap tab in the Petal app.
The Leap tab in the Petal app is the best way to find out about new Leap challenges. We’ll also send emails and notifications periodically to announce new Leap challenges (but not too many!).
Visit the Leap tab in the Petal app any time to see progress towards a current Leap challenge and see a record of all past accomplishments.
Leap challenges may include tasks like making on-time payments, setting up AutoPay, or linking a bank account. These are just examples and challenges will vary.
Yes, there may be times when there are multiple challenge opportunities available. Check in the Petal app to see the most up to date Leap challenges.
To participate in the ‘Payment Streak Pro’ challenge, members must not have reached the maximum credit limit for their card. In order to qualify for a limit increase, members need to complete the following tasks:
Upon successful completion of these tasks, members in good standing can be considered for a credit limit increase of $50 or more. This review will not impact members’ credit scores.
If you don’t make a successful on-time payment that satisfies the Leap requirements, your payment streak will reset and you will need to start over to qualify for your credit limit increase.
If your payment returns and no other on-time payment is made, your payment streak will reset. But if your payment returns and you’re still able to make a separate successful on-time payment, that payment will count towards your streak, and you’ll continue on the path toward your Leap challenge.
Yes. All on-time payments that meet the Leap goals and were made after you received your first statement will be counted.
Your credit limit increase will typically be applied within 1 business day after you complete your Leap challenge, although in rare cases it may take longer.