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By : Mr Credit Card
The Pulse Platinum is an online membership catalog card that extends you credit to purchase products at their online store, www.myuniqueoutlet.com. You will be given a $1,000 unsecured credit line to start, which you can use to make purchases from their online store. There is no credit checks or employment checks when you apply for the card so approval is guaranteed as long as you have a debit card. You will also get membership benefits like Roadside Assistance, Universal Prescription RX, Legal Assistance and Free Credit Reports.
The Pulse Platinum is useful for for:
Here are the details on this card.
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.
When you purchase a product, you do not have to pay the full amount. Instead, you have to pay a minimum of 15% of the product price or $25. You can also set up an automatic payment amount that Pulse Platinum will take from your debit card or bank account for your monthly payment. However, you have to make sure you have enough money in your debit card or bank account because the NSF fee is $30.
For the $19.95 in Membership Fee that you pay a month, you get the following benefits:
| 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.
The Pulse Platinum is ideal for those with very poor credit who are either looking for an online store that provides 0% APR financing (or ability to pay over time without accruing interest). It is also great for those who do not have any health insurance (either through an employer or through your own purchase) and are paying for prescription drugs at full sticker price every month.
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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