NetFirstPlatinum Card
The NetFirstPlatinum Credit Card is an unsecured card with an initial limit of $500. There is no credit check and no employment check – you are guaranteed approval. There is a 0% APR and it will report to a credit bureau. It is issued through Horizon Card Services and is available at http://www.netfirstplatinum.com
How Does It Work
That is an excellent question because on the outset this card looks like a god send. An unsecured card with a decent limit of $500 and no credit check! Where do I apply?
But wait, while this is an unsecured card you can not use it for purchases at the grocery store, gas station, mall … This is a merchandise card. In other words the only place you can use this card is at an online retail store. It is not issued as a Visa or MasterCard and you can only use it at this one location.
These stores will carry a huge number of products across all lines of interests. However these products have questionable quality. We have heard them compared to shopping at BigLots with Macy’s prices – in other words the quality is low and the price is high.
Won’t It Help Me Rebuild My Credit?
Yes, it can and it will report to a bureau. However to build positive credit you need to have the account report to all three credit bureaus – further this is not reported the same as an unsecured Visa or MasterCard.
Because you can only use it at an online store this will have very minimal influence on your overall credit score. It is not the same as responsible use of a card that will be accepted online, at the local gas station and grocery store …. It can help but very minimal instead we strongly recommend you get a real Visa or MasterCard and remove the negative items from your credit history.
How do They Charge a 0% APR?
The reason you can be issued any card with a 0% APR is because they netfirstplatinum company is also making the products and shipping them to you. So you go online to the retail store and buy a tv and a stereo. Now the company that gave you the card with the corresponding limit in order to make the purchase.
They are going to profit from the sale of the goods and then again from shipping costs and again with fees they charge you. These include late payment fees and fees for insufficient funds. You are also charged either a $6 monthly maintenance fee or a $24.95 member fee. You are automatically enrolled in the member program and will be automatically charged $24.95 every month!
Reccomendation
Avoid the NetFirstPlatinum Card at all costs! If you still are interested in this offer you can apply at www.netfirstplatinum.com – but we do not recommend it.
On the outset this card looks great but just peal the skin back and reveal how this card works and what it really is and you can see that it is a company that is preying on individuals in a vulnerable position with bad credit.
Instead we recommend you to put some effort into removing bad credit from your credit history as this is one of the most effective methods to improve your score – you can get a free credit consultation by calling 1-800-483-0256
For a major Visa or MasterCard which is becoming almost a necessity in our advancing technology oriented economy we suggest the prepaid AccountNow Visa Gold Card. It will give you the purchasing power of a major Visa or MasterCard because you can use it to make purchases online and over the phone.
You can also use this card to: rent a car, purchase gas at the pump, book a hotel room, reserve airfare … There is no credit check or chexsystem verification. You will also get free direct deposit and right now they are giving you a free $25 bonus just to use free direct deposit. You also get free online bill pay – this makes paying a bill as easy as 1,2,3.
Just go online fill in the person or business you want to pay, the amount, and the date or payment and next thing you know a check in your name will be sent. Your card will also be covered under Visa’s Zero Liability Policy – this means if your card is ever lost or stolen your money is still protected. And you will never be charged a late fee, bounced check fee, insufficient funds fee, overdraft fee, or interest fees!
