Credit cards are a relatively new invention that have entered into something of an innovation rut. Reward programs seem stale, mobile apps remain mired in early-2000s UX paradigms and, all too often, critical financial decisions (and their expensive associated fees) are hidden like booby-traps for users. Little wonder, then, that consumers are fed up with their credit card providers.
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Petal raises $30M from Valar to bank the unbanked with credit cards
Worse, credit cards are not accessible to millions of people, whether due to a lack of credit history, immigration status or because they are unlikely to be profitable since they often won’t use certain fee-based services.


