Key takeaways
- The Net First Platinum offers a $750 unsecured credit limit with no credit check or employment check. It can be a good option for people with poor credit.
- Cardholders get benefits such as roadside assistance, legal assistance, and prescription discounts.
- The card is exclusively for Horizon Outlets and has a monthly membership fee. Before you apply, weigh the benefits against the cost to determine if it’s worth it.
Net First Platinum is a card issued by Horizon Outlet and designed specifically to help people with poor or limited credit. The card is easy to get. It doesn’t pull your credit report or check if you’re employed. It simply offers a $750 credit line, which can be attractive if you’ve faced credit denials in the past.
Continue reading to determine if the Net First Platinum card is the one you’ve been seeking.
What We Like About Net First Platinum
Get a $750 Credit Line
The Net First Platinum card offers immediate access to a $750 credit line, providing a quick and easy solution for those in need of credit. However, it is important to note that this line of credit applies exclusively to purchases made at Horizon Outlet.
The Horizon Outlet online store features an extensive catalog, offering a wide variety of items to choose from. These items include toys, books, cookware, clothing, home decor, electronics, and many other household essentials. This variety ensures that cardholders have access to a broad range of products that can meet their needs. Despite the card’s limitations to the Horizon Outlet, the convenience of an immediate credit line and the diversity of available products can make it a useful option for individuals looking to manage their expenses without traditional credit card barriers.
Fast & Easy Application
Net First Platinum simplifies and streamlines its application process, making it accessible and hassle-free. When applying, you will need to provide some general financial information, including your social security number, address, and annual income. These details help to verify your identity and assess your basic financial situation without delving into your credit history.
The only requirements for obtaining the Net First Platinum card are that you are a U.S. resident over the age of 18 and have an active credit or debit card. This minimal set of criteria ensures that a wide range of individuals can apply, particularly those who have faced difficulties with more stringent credit card applications. By eliminating the need for a credit check or employment verification, the Net First Platinum card opens the door to credit access for those who might otherwise be excluded, providing a valuable financial tool for managing purchases and expenses.
Low Credit Scores Welcome
Net First Platinum considers applicants with poor or no credit history, making it an appealing option for those who have struggled to secure credit elsewhere. The developers designed this card to open doors for people with poor credit, enabling them to access the line of credit they need without the usual hurdles of traditional credit card applications.
If you have faced credit denials in the past due to a low credit score or limited credit history, the Net First Platinum card could be your potential solution. This card is tailored specifically for individuals in similar situations, providing them with an opportunity to obtain a $750 credit line quickly and easily. By focusing on accessibility and ease of approval, the Net First Platinum card aims to support those who need financial assistance, helping them manage their expenses and improve their financial stability. This approach makes the card a viable option for many who are looking to overcome past credit challenges and gain a foothold in rebuilding their financial health.
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No Credit or Employment Check
Requiring no credit check, the Net First Platinum card stands as an ideal option for those with poor credit history or no credit history at all. The absence of a credit check ensures that applying for this card will not have any negative impact on your credit score, which is particularly beneficial for individuals who are cautious about further damaging their credit rating.
In addition to not conducting a credit check, the card also skips the employment verification process. This feature offers a significant advantage to freelancers, self-employed individuals, or those between jobs, providing them with an opportunity to access credit without the need for traditional employment documentation.
New
By accommodating various employment situations and avoiding credit inquiries, the Net First Platinum card caters to a broader audience, including those who might typically struggle to get approved for a conventional credit card. This inclusive approach ensures that more people can benefit from having a line of credit to manage their purchases and expenses, contributing to better financial flexibility and stability.
Enjoy a 0% APR
Net First Platinum provides an appealing 0% APR, ensuring that you never face interest charges on your purchases. This feature is a standout advantage, as regular credit cards typically do not offer a 0% APR indefinitely. While some credit cards may advertise a 0% APR as a temporary promotion, this rate often lasts only for an introductory period of about a year. After this period, the APR can increase significantly, often to at least 17% or higher.
If you intend to carry a balance on your credit card, Net First Platinum’s 0% APR is particularly advantageous and can save you a significant amount of money over time. By eliminating interest charges, this card allows you to manage your expenses more effectively without the added burden of accumulating interest. This unique feature makes the Net First Platinum card an excellent choice for those who may need to carry a balance occasionally but want to avoid the financial strain of high-interest rates, ultimately providing greater financial flexibility and peace of mind.
Horizon Benefits
The Net First Platinum card offers more than just credit; it also enhances your experience with its Horizon Benefits. These benefits encompass a variety of services tailored to add value.
My Universal RX: Provides discounts of up to 50% off prescription medications at participating pharmacies, making healthcare more affordable for cardholders. This benefit can significantly reduce out-of-pocket costs for necessary medications, easing the financial burden on individuals and families. By offering substantial savings on prescriptions, the Net First Platinum card supports better access to essential healthcare, helping cardholders manage their health and wellness more effectively.
My Privacy Protection: Assists with identity theft recovery and credit monitoring, offering comprehensive support to safeguard your personal information. You receive unlimited privacy protection, ensuring your sensitive data remains secure. Additionally, the card provides access to a free credit report, allowing you to stay informed about your credit status and monitor any changes. This combination of services helps protect against identity theft, supports swift recovery if an issue arises, and keeps you in control of your financial health.
My Legal Assistance: Legal issues can arise unexpectedly, and having access to professional advice can be invaluable. This benefit provides you with one free 30-minute consultation session with a legal expert specializing in your area of interest. Whether you need guidance on personal matters, business concerns, or any other legal issue, this consultation offers you the opportunity to gain insights and advice from a qualified professional without any initial cost. This service can help you better understand your legal options, prepare for potential challenges, and make informed decisions about your situation.
My Roadside Protect: Get 24/7 roadside assistance for emergencies, offering peace of mind whenever you hit the road. This benefit includes support for flat tires, dead batteries, and towing services, ensuring you are never stranded due to unexpected vehicle issues. Whether you encounter problems during a late-night drive or while traveling far from home, the 24/7 availability means help is always just a phone call away. This service provides reassurance and safety, allowing you to travel with confidence knowing that professional assistance is readily available to address any roadside emergencies that may arise.
Try for FREE
Net First Platinum allows you to test it out with a 7-day free trial, giving you a risk-free opportunity to experience the card’s benefits firsthand. During this trial period, you can explore and evaluate the card’s features, make purchases at the Horizon Outlet, and determine if it meets your needs and expectations. If you’re not fully satisfied with the card, you can easily cancel it within the 7-day window without incurring any fees.
However, it is important to note that while the trial itself is free, you will be responsible for paying the value of any items you purchase from the Horizon Outlet during this period. This trial offers a convenient way to assess the card’s usefulness and decide if it is the right financial tool for you.
What to Watch Out for with Net First Platinum
A Few Fees
While offering several benefits, the card also imposes some fees, as no cards are ever completely free. Net First Platinum charges a monthly maintenance fee of $14.77, which adds up to $177.24 annually. This fee is a significant consideration, especially for those looking to manage their expenses tightly. Additionally, the card requires a monthly minimum payment of $25 or 10% of your balance, whichever is greater. This payment structure can be more favorable than incurring high-interest charges on traditional credit card balances, making it easier to manage your finances without accumulating interest.
It’s crucial to understand and actively review these recurring charges before applying for the card. Evaluate whether the benefits, such as the 0% APR, credit access without a credit check, and other perks, outweigh the annual costs. Consider your financial situation and needs carefully to determine if the Net First Platinum card is the right fit for you. Balancing the card’s advantages against its fees will help you make an informed decision that aligns with your financial goals and ensures you get the most value from the card.
No Credit Bureau Reporting
Net First Platinum chooses not to report to any of the three major credit bureaus, which can be seen as a double-edged sword. On the plus side, if you prefer your card usage to remain off your credit report, this feature ensures that your activities with this card will not impact your credit history, whether positively or negatively. This can be particularly beneficial for those who want to maintain privacy or avoid any potential negative entries that might arise from late payments or high utilization.
However, this approach also has a significant downside. For many individuals with poor or limited credit, a primary goal is to build or improve their credit score. By not reporting to the credit bureaus, the Net First Platinum card does not contribute to this essential aspect of financial growth. Responsible use of this card, such as making timely payments and managing your balance, will not be reflected in your credit report, thereby missing out on the opportunity to demonstrate creditworthiness to future lenders. Therefore, while the card offers immediate benefits and accessibility, it does not support long-term credit building, which is a critical factor for those looking to improve their financial standing over time.
Final Thoughts
The Net First Platinum card presents a mixed bag of features that may appeal to some while deterring others. It’s an excellent option for individuals who are struggling with low credit scores or need an immediate credit line without the hassle of undergoing credit checks. This accessibility can be particularly beneficial for those who have been turned down by other credit card issuers due to their credit history.
However, potential users must be aware of certain drawbacks that come with this card. One of the most significant considerations is the lack of credit bureau reporting, which means that using this card responsibly will not help improve your credit score. Additionally, the card comes with monthly fees, which can add up over time and may outweigh the benefits for some users.
As with any financial product, it’s crucial to weigh the pros and cons based on your personal financial situation and goals. It’s advisable to thoroughly review the card’s terms and conditions and consider alternative options that might offer better benefits or lower costs. Ultimately, the Net First Platinum card might be a suitable choice for those in need of quick access to credit but less ideal for those looking to build or improve their credit history.
