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Net First Platinum
REVIEW

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By : Mr Credit Card

What is Net Platinum?

Net First Platinum is an online merchandise store card from Horizon Card Services that will extend you a $750 unsecured credit limit to shop at their online store. They perform no credit checks and no employment checks and with a very easy and fast online application form, you get instant approval as long as you have a debit card. Hence, this card is OK for those with very bad credit. As Net First Platinum also works like a pay as you go store, the APR is 0% and you do not have to pay any interest if you carry a balance.


Card Can Be Used At Horizon Outlet

The Net First Platinum is not a Visa or Mastercard and you can only use it at their online store www.thehorizonoutlet.com. They sells a variety of goods including electronics, apparel, jewelry, beauty products etc. Below is a screenshot of their online store.

net first platinum horizon outlet


How To Pay For Your Net First Platinum Purchases?

When you make use of the Net First Platinum at www.thehorizonoutlet.com, you can choose to pay in full or over time. You must pay shipping and processing fees in full, using your Bank Account, prior to items being shipped. The minimum payment is either 10% of the balance or $25. If you buy something that is $25 or less, you have to pay in full.

You can set up auto-payments with Net First Platinum.


Card Details

Annual Fee $0
Regular Membership Plan $14.77/month
Regular APR 0%
Minimum Payment $25 or 10% of Balance


The Net First Platinum Card charges no annual fee. However, they do charge a monthly membership fee (which comes with certain benefits). When you get approved, you will be automatically enrolled in their membership plan for $14.77 a month.


Membership Plan Benefits

After you get approved for the Net First Platinum, you will be automatically enrolled in their monthly membership plan. You have to pay $14.77 a month and you will get benefits like

  • Free roadside assistance - You will get Roadside Assistance with the following benefits and terms. Members are eligible to receive up to 1 service call or towing request every 30 days and no more than 3 within a twelve-month period.

  • My Universal RX - With this plan, you can receive up to 50% discount on prescription drugs.
  • My Legal Assistance - You will get a Free 30 minute consultation with legal professional in your area (it does not include criminal defense).

  • My Privacy Protection - You can get a free credit report with this program (and you can access it any time).


Cards Like Net First Platinum

Card Monthyly Fees Annual Fee Fee Credit Reporting Credit Lines
Net First Platinum $14.77 $0 N.A. $750*usable only at theHorizonOutlet.com
Merit Platinum $14.77 $0 N.A. $750*usable only at theHorizonOutlet.com
Buy On Trust $0 $0 3 Credit Bureaus Up to $5,000
Extra Prepaid Card $7 $0 Equifax and Experian N.A.
Pulse Platinum $19.95 $0 TransUnion $1,000
Unique Platinum $19.95 $0 TransUnion $1,000
Vast Platinum $19.95 N.A. TransUnion $1,000
Unique Platinum $19.95 N.A. TransUnion $1,000
Opensky Secured $0 $35 3 Credit Bureaus $$200 - $2,500
First Progress Secured $0 $29 3 Credit Bureaus $200 - $2,000


As far as comparables go, Net First Platinum competes with other online store cards that guarantee approval. Most of them are from two issuers, Horizon Card Services (which issues Net First Platinum) and Unique Card Services. And there are also a couple of secured credit cards that do not do any hard inquiry so we are also going to compare Net First Platinum with these cards.

Compared to Other Horizon Card Services Cards

Horizon Card Services issues Net First Platinum and other cards as well. Examples of cards from Horizon Card Services include the Merit Platinum and Freedom Gold Card. If you look at the table above, you will see that they have identical features and fees. They all come with a monthly fee of $14.77 and start you off with a $750 credit line. However, as of 25th January 2022, all of Horizon Card Services cards including Net First Platinum does not report to any credit bureaus.

Compared to Cards from Unique Card Services

Horizon Card Service main competitor is Unique Card Services. I have listed several of their cards in the table above and for comparison purposes, let's compare the Net First Platinum with the Unique Platinum. The card is very identical to those from Horizon Card Services except for two things. The first is that they have a higher monthly membership fee ($19.94 vs $14.77). Furthermore, they do not have a basic starter membership so you cannot downgrade to a cheaper level. However, the Unique Platinum (and other cards from Unique Card Services) now have the leg up over Net First Platinum because they report to TransUnion whereas Net First Platinum does not report to any credit bureaus now.

No Credit Check Secured Credit Cards

Aside from online store credit cards, there are a couple of secured credit cards which offer guaranteed approval (ie no hard inquiries or credit checks). You do have to put down a deposit and pay an annual fee but you can use them anywhere where credit cards are accepted unlike Net First Platinum.

The two examples I gave in the table above are cards from Opensky and First Progress Secured. Secured credit cards are appropriate for you if you can afford the security deposit needed to secure your credit limit.

Compared to other no credit check credit cards

There are two other cards that I want to compare Net First Platinum to. The first is the Buy On Trust Lending, which is a buy now pay later online electronics store where you can pick up your purchases at Best Buy stores. This makes their selection superior to thehorizonoutlet.com. There are no credit checks and you can get up to $5,000 in credit lines. They also report to all three major credit bureaus.

Another card worth comparing to is the Extra Prepaid Card, which is one of the rare prepaid credit cards that builds credit and reports to both Equifax and Experian. The monthly fee is only $7 and there is no risk of getting into debt because it is a prepaid credit card.


What We Like About Net First Platinum: High Starting Credit Lines, Report to Equifax, No Hard Inquires

  • 7 Day Free Trial - Net First Platinum gives you a 7 day free trial to try them out. This is extremely rare for any credit card or merchandise catalog card.

  • 0% APR On Purchases - As Net First Platinum works like a "buy now pay later store", you will not be charged any interest rate on your purchases. However, as mentioned earlier, you will have to pay a minimum payment that is the greater of either 10% of the purchase price or $25. But you will not accrue interest over time so that is a good thing compared to making a purchase on a credit card and carrying a balance.

  • Unsecured $750 Starting Credit Limit - When you are approved for the card, you will be given at least $750 credit line that is unsecured. However, from consumer feedback, it appears you can get up to $1,500 in starting credit lines. $750 to $1,500 is a much higher starting credit line than most subprime credit cards.

  • No Credit Checks or Employment Check- Guaranteed Approval - Net First Platinum does not check your credit report or your income. That means that you will not experience a hard pull. You do need a debit card or a checking account to pay your membership fees. As long as you have a debit card, you will be approved.



What We Don't Like About Net First Platinum - Only Be Used At TheHorizonOutlet.com

  • Can Only Be Used At thehorizonoutlet.com - You can only use this card at Horizon's online store www.thehorizonoutlet.com. This is not a regular Visa or Mastercard so you cannot use this card anywhere else.

  • Membership Fee - As mentioned earlier, you do have to pay a $14.77 a month membership.

  • Does not report to credit bureau - As of 25th January 2022, Net First Platinum (in fact all Horizon Card Services credit cards) have stopped reporting to any credit bureaus.


Our Take: No Credit Checks But No Credit Reporting Also

The Net First Platinum is an online store credit card that guarantees approvel if you have a debit card. It does not check your credit so approval is really easy. It also comes with a generous credit limit of $750.

However, recent changes made to the card make has made us change our recommendation on the card. While Net First Platinum used to report to Equifax, they no longer report to any credit bureaus at all. Hence, whilst we used to say you might want to consider this card as a rebuilder if you have been rejected for every conceivable card you have applied, we no longer have this recommendation because it does not report to any credit bureaus and hence is useless from a rebuilding perspective. As far as thehorizonoutlet.com goes, the quality and quality of goods available cannot be compared to most large online stores.

Instead of the Net First Platinum, we would recommend cards like Buy on Trust Lending, an electronics online store that fulfills your orders through Best Buy Stores. They report to all three major credit bureaus. There is no annual fee or monthly fee and you can get up to $5,000 in credit lines. This is far superior to the Net First Platinum.

Another no credit check we would recommend is the Extra Card, which is a prepaid card that reports to both Equifax and Experian and only comes with a $7 a month fee. Alternatively, there are also no credit checks secured credit cards like First Progress Prestige. All these alternatives do not result in hard inquiries and approval is also really easy.

Based on our evaluations and review, we have updated our ratings for this card and give it a 2 out of 5 star rating due to the recent changes of it no longer reporting to any credit bureaus. We do not recommend this card to rebuilders and suggest you consider other guaranteed approval credit cards and cards with no credit checks instead.


Alternatives

As mentioned early, if you absolutely cannot afford a hard credit inquiry, you should also consider the following credit cards.

Extra Prepaid Card - Extra Prepaid Card has no credit check and approval is fast. They report to both Equifax and Experian and only has a monthly fee of $7. They are one of the rare prepaid cards that actually help you build or rebuild your credit.

Additional Reading: Extra Prepaid Card Review

Buy On Trust Lending - Buy On Trust is an online electronic store where you can buy products and pick them up from the nearest Best Buy store. There is no credit check and you can get up to $5,000 in credit limit. Buy On Trust reports to all 3 major credit bureaus so this will help rebuilders.

Additional Reading: Buy On Trust Review

First Progress Secured Credit Card - First Progress is another secured credit card which does not perform a hard inquiry and you will definitely be approved. The minimum deposit required is $200 (and this becomes your credit limit). It is a Mastercard so it is accepted anywhere Mastercard is approved.

Additional Reading: First Progress Prestige Secure Credit Card Review


Alternatives

As mentioned early, if you absolutely cannot afford a hard credit inquiry, you should also consider the following secured credit cards.

Opensky Secured Visa Credit Card - Opensky has a $35 annual fee and a minimum deposit requirement of $200. They report to all three credit bureaus and you can use the card anywhere Visa is accepted.

Additional Reading: Opensky Credit Card Review

First Progress Secured Credit Card - First Progress is another secured credit card which does not perform a hard inquiry and you will definitely be approved. The minimum deposit required is $200 (and this becomes your credit limit). It is a Mastercard so it is accepted anywhere Mastercard is approved.

Additional Reading: First Progress Secure Credit Card Review


Application Page

Here is a screenshot of the Net First Platinum application page.
net first platinum application net first platinum application

On the next page, you will have to fill in your name, address, phone number, monthly pay, how often you are paid, your next pay date, your credit score range and whether you receive direct deposit. Once you submit this information, you will get the offer and confirmation. You will be instantly approved (within 60 seconds) once you submit your online application.

net first platinum application net first platinum application net first platinum application


FREQUENTLY ASKED QUESTIONS

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Does Net First Platinum Report to Major Credit Bureaus?

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Does Net First Platinum Report to Major Credit Bureaus?

They used to report to Equifax but on 25th January 2022, Net First Platinum has ceased to report to any credit bureau.

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Which credit report does Net First Platinum pull when we apply?

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Which credit report does Net First Platinum pull when we apply?

Horizon does not do any credit hard pulls. Every applicant is approved for an unsecured $750 credit line.

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When can I get a credit line increase?

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When can I get a credit line increase?

You can be eligible for a credit line increase after three months. You should be on time in your monthly membership fee payment.

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When will I get my card after I get approved?

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When will I get my card after I get approved?

Normally within 7 business days.

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How do I pay back my balance on the card?

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How do I pay back my balance on the card?

You can pay online at www.thehorizonoutlet.com.

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What is the minimum payment?

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What is the minimum payment?

You either have to pay $25 a month or 10% of the balance.

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Can I make payments for my benefits online?

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Can I make payments for my benefits online?

Yes, you can. You have to go to www.memberbenefitaccess.com. You have to login using your Member ID and Zip Code. You then go to the "account" tab and "make a benefits payment".

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How do I use the Roadside assistance?

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How do I use the Roadside assistance?

Simply call 1-800-251-6144.

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How do I use Legal Assistance?

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How do I use Legal Assistance?

Call 1800-251-6144.

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How do I use the Universal RX benefits?

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How do I use the Universal RX benefits?

You just have to take your membership card to your local pharmacy. You will receive the lowest price if it is covered under your membership.

 

Customer Service Information

Mail

Horizon Card Services
P.O. Box 1275
Indiana, PA 15701

Customer Advocacy

1-800-837-4997
5 days a week from 8:30 a.m. until 9:00 p.m

Cancel Membership

1-800-251-6144
Monday through Friday from 8:30 a.m. to 9:00 p.m. EST, and Saturday from 9 a.m. to 4 p.m. EST (excluding holidays)
Or online at www.memberbenefitaccess.com.