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Mr Credit Card
Mr Credit Card- Annual Fee = $0
- Purchase APR = 0%
- Monthly Membership Fee = $19.95
- Membership Benefits = Roadside Assistance, RX Sparks Prescription Discounts, Legal Assistance and Free Credit Report
- Starting Credit Limit = $1,000
- No Credit Check or Employment Checks - you only need a valid debit card for guaranteed approval
Pros and Cons
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What is Pulse Platinum and who is it for?
The Pulse Platinum is useful for for:
- Those who want to buy stuff online on credit without paying interest - If you are looking to buy stuff online on credit, very few places or credit cards offer 0% financing. Even Buy Now Pay Later companies often charge high interest rates. Pulse Platinum is one of the few merchandise card that will actually not charge any interest at all if you carry a balance rather than pay in full.
- Those who have no medical insurance and want RX Sparks Prescription Discounts - RX Spark Prescription Discounts offers discounts on prescription drugs and is very useful for those who do not have regular health insurance from an employer and who cannot afford to buy their own. Universal RX is not available through purchase or subcription but is available when you purchase products from certain partners. And Pulse Platinum is one of their partners. You can get up to 80% discounts at over 62,000 pharmacies
Card Details
APR: 0%. Yes, the APR is 0% and when you purchase a product an pay over time with 0%, it is essentially a "buy now pay later" payment schedule.
Application Fee: $10
Membership Fee: $19.95 - For your first payment, you will pay $29.95 ($10 Application Fee and your first monthly feee os $19.95). Thereafter, your monthly fee is $19.95.
Payment Plan
Membership Benefits
Peer Comparison
| Card | Monthyly Fees | APR | Credit Checks | Credit Lines |
|---|---|---|---|---|
| Pulse Platinum | $19.95 | 0% | No Credit Check | $1,000 |
| Unique Platinum | $19.95 | 0% | No Credit Check | $1,000 |
| Vast Platinum | $19.95 | 0% | No Credit Check | $1,000 |
| Choice Gold Card | $19.95 | 0% | No Credit Check | $750 |
| Merit Platinum | $14.77 | 0% | No Credit Check | $750 |
| Net First Platinum | $14.77 | 0% | No Credit Check | $750 |
| Freedom Gold Card | $14.77 | 0% | No Credit Check | $750 |
As we mentioned earlier, the Pulse Platinum is issued by Unique Card Services. And Unique Card Services also issues a few cards that is very similar to Pulse. These cards include Unique Platinum, Evolve Card, Vast Platinum and Choice Gold Card.
Their main competitor are cards issued by Horizon Card Services. They issue several cards like the Horizon Gold Card, Net First Platinum and Boost Platinum.
The Pulse Platinum has the same features and fees as the other cards issued by Unique Card Services. They all charge a monthly fee of $19.95 and give a starting credit limit of $1,000.
The cards issued by Horizon Card Services have a slightly higher monthly fee ($14.77 vs $19.95). The starting credit limit for cards by Horizon range are $750 vs $1,000 for Pulse Platinum and all other Unique Card Services card.
What We Like
- No Credit Checks - When you apply for the Pulse Platinum, there are hard credit pulls. All they require is a debit card for you to pay their monthly fee. Therefore, you will definitely be approved for this card.
- $1,000 Unsecured Credit Line - Your starting credit limit will be $1,000. This is actually quite high compared to other subprime credit cards.
- 0% APR - If you make a purchase with the card at their online store, you will not be charged an interest. You do have to pay a minimum payment. Essentially, it is like a "buy now pay later" program without any interest rates.
- Up to 80% Discount off Prescription Drugs - The RX Spark Prescription Discounts offers you up to 80% discount on prescription drugs at over 62,000 pharmacies.
Shortfalls
- Card Can Only Be Used At www.myuniqueoutlet.com - As we have mentioned earlier, the Pulse Platinum is a catalog card and it can only be used at their online store.
Our Take - 0% APR for Online Shopping and Universal RX Benefits
The Pulse Platinum allows you to get 0% APR financing when you purchase products from www.myuniqueoutlet.com. You will also get Spark RX Prescription Discount plan as a membership benefit. This allows you to get steep discounts (up to 80%) at many pharmacies (62,000 partners). For those without any health insurance, this savings will add up over time. It will likely more than pay for your monthly membership fee
Aside from the prescription RX, you also get added benefits like Roadside Assistance thrown in the mix as well.
One thing you have to be aware of is that though Pulse Platinum extends a $1,000 credit line to you, it does not report to any credit bureaus and hence having this unsecured line does not help you to build or rebuild your credit at all.
Based on our evaluations and review, we have decided to give the Pulse Platinum a 3.5 star out of 5 for it's 0% financing and benefits like Roadside Assistance and in particular the Prescription RX benefit. The fact that you can only use it at myuniqueoutlet.com prevents us from giving it higher rating. If you are getting this primarily for the Prescription RX, then you should just pull the trigger and get it. However, if you are looking at a merchandise card with 0% financing, then I would suggest that you go to their website myuniqueoutlet.com and see if any of products appeal to you and if it was an online store that you can envision shopping with.
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