Is Net First Platinum Card a Scam? Here’s The Truth

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Cards designed for people with poor credit don’t have the best terms. But they’re not necessarily a scam either. In this review, we take a closer look at the Net First Platinum card to determine whether it’s a legitimate option for credit-builders.

Their dirty little secret…They tell you that you will get a “guaranteed $500 unsecured credit limit” with no credit check. But if you think that’s for a credit card with a $500 limit, think again. “Net First” is not a bank and they’re not even offering you a real general purpose Visa/MasterCard/AmEx/Discover card. The card is offered by Horizon Card Services and is not co-branded with a major network.

What they’re actually providing is a line of credit that you can spend only one place; This is a website they own which sells merchandise that’s overpriced, based on the prices listed on their site.
In addition to being forced to pay (for merchandise) to play, the card itself has fees, too.

  • $24.95 per month fee: They charge you this for a so-called “benefits” plan as soon as you activate the card. The benefits are pretty nebulous and include “access to My Privacy Protection, My Universal RX, My Roadside Protect and My Legal Assistance benefits.”
  • $5 card issuance fee. It’s not a common practice for card issuers to charge for the card itself.
  • However much you overpay in merchandise: I can’t tell you exactly how much their items costs since you need an active account to login to the store. The prices listed on their homepage are a couple bucks higher than what you’d pay in a retail store and sometimes twice as much as you’d pay on Amazon. Plus, you may end up buying things you don’t really need, just to use the card and get a credit history reporting.

Here’s a summary of the card’s fees:

Net First Platinum card fees

Monthly membership fee$24.95
Card-issuance fee$5
Late payment fee$20
NFS check fee$25

What’s the APR?

The card doesn’t charge interest, but that doesn’t mean you can just run up charges without penalty. You must pay either 10 percent of the balance owed or $25, whichever is greater. If you fail to do so, you’ll be charged a $20 late-payment penalty. Again, remember, you can buy only from the card’s affiliated site. So, while you won’t get hit with interest charges, you’re severely limited in what you can buy anyway.

Is there really no credit check?

This card won’t check your credit, meaning no score-lowering hard pull on your credit report. That’s a good thing for those whose credit is so bad that they qualify for nothing else. But the reason the card can afford to extend you a $500 limit with no check is because they’re charging you $24.95 per month and forcing you to buy stuff in their online catalog (from which Horizon Card Services makes money).

Credit building

The whole reason you’re paying almost $300 a year for this card is to build a credit history so you can get another card. So it’s troubling to see the vague “Reports to major credit bureau” advertisement on the home page. Which credit bureau exactly? That remains to be determined. If you dig deeper into the card’s terms, you’ll find that the card will report to “at least one major credit bureau.” But there’s this disclaimer: “The Horizon Card Services Account does not guarantee aid in building or re-building credit or to the posting of any positive references to any credit report.”

Is this a bad deal?

We say so, since you’re paying almost $300 per year for the ability to buy up to $500 in overpriced merchandise that also comes with excessive shipping and processing fees. Worth it? Not unless you literally cannot get anything else.

If you bad credit, you have other options that don’t require you to shop at a specific site, have lower annual fees and have a better reputation for credit building. Check out Credit One’s products, for example.

There are also plenty of secured cards on the market, which allow you to secure your credit line with an advance deposit.

Now in defense of Net First Platinum, they don’t explicitly claim to be an actual credit card. At the top of their website they have a so called “pre-acceptance disclosure” which outlines how their program operates. Sure enough, they tell you the truth in this disclosure that they’re not a bank (the blue highlight was added by me):

Disclosure on

The fees are also disclosed, but in a very confusing way (the monthly fee is buried in a paragraph within the terms and conditions). Some fees are also not explained. For example, they list the “Outlet Store Delivery Signature Verification” fee of $2.50… but when is that charged and why would your signature have to have verification?

2017 Verdict: Scam or not?

Technically speaking, the Net First Platinum is not a “scam” since they do give you exactly what they tell you they (in 8 point type, though). What they’re doing is completely legal, so it’s not accurate for the various online complaints and reviews to label the product as such.

That being said, just because it’s a legitimate company, it does NOT mean their offer is a good deal. In fact, it’s really a terrible deal for the average consumer. Just steer clear of the Net First Platinum’s merchandise line of credit. Instead, almost any of the real credit cards for bad credit will be a better idea.

If you must get this card (and have no other options), use it for a small, single purchase on the affiliated website each month, pay it off in full and watch for your credit score to rise. Use a soft-pull credit tool to frequently to check when you’re ready for another card — any other card. Once you are, get it and cancel the Net First Platinum as soon as you’re approved. While keeping your oldest account open can lift your score, paying $24.95 for it outweighs that benefit.

This review was written or last updated August 2, 2017

Why we gave it 1 out of 5 stars

We based this card’s rating on our standards for Credit Cards for Bad Credit.

Simple/transparent fee structure: In addition to charging almost $300 a year (month by month), this card has a card-issuing fee.
Grace period: This card gets this single star because there is no interest charged (but, remember, you can make purchases only via the card’s affiliated site). So you don’t have to worry about interest accruing from the moment of purchase.
Rewards: This card offers no rewards.
Credit-limit increases: There’s no way to get a limit higher than $500 on this card.
Progress-tracking benefits: The card offers no way to track your credit-building process (something that other credit-building cards offer). In fact, it’s not guaranteed to report to the three major credit bureaus.

The responses below are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

Man I just applied for one smh. Ima cancel this card after 4 months I knew it was to good to be true

Just like everyone else here – TOTAL SCAM. May not be labeled a scam because you are able to purchase items on their site – which you cannot view until your card comes in the mail. From what I’m told it’s ridiculously overpriced, much like SkyMall.

first call – lady gave me a 5 minute speech (clearly robot reading) on why to not cancel.
transferred to manager – same 5 minute speech, again robot reading, then offered to increase my limit to 1000, even lower the charge to 20 instead of 30, and how “great” they are, and how it’ll affect my credit to have this card, yadda yadda, it literally took me 10 minutes alone with that woman to tell her cancel the damn card.
next transfer – waiting on that, it’s been 30 minutes to get this mess over with. Even SHE kept asking “why do you want to cancel???” lady, cancel the damn card already.

DO NOT DO IT!!!!!!!!!!!!!!!!

I decided to keep the card at the $7.95 monthly fee just to have a positive feedback on my credit and they are reporting it to Equifax monthly. There is nothing on the site worth buying and I told them that but a good report for only 7.95 is worth it I guess. I’ve had the card for 4 months and they have been reporting it for the full 4 months.

Same here. They report to Equifax and it got my credit score up fairly quickly. I agree that their “store” is a joke. Now that my credit is back in the good end, I’ll be cancelling the card tomorrow.

Michael A Strickland

It is not a Visa Mastercard American Express credit card I tried to call back the very next morning after reading through all the details in small print way down the page it is not a credit card it’s a Verizon store credit make sure you call your credit card company and cancel your application fee you can dispute it if you have a reputable credit card company they will dispute it for you it is a scam they tried to offer $1,000 store credit tell me that they would charge me 7 something a month I said good luck getting that come and get it

Call 800-822-9316 to cancel Net First card . I had to talk with 3 different people to get it canceled.
They will try to negotiate with you on monthly fee and offer a higher line of credit . However , I wasn’t interested at all . The items in the store are of no interest to me . I was almost tempted to keep it after they offered to drop fee to $7.00 a month because of the road side service , help with prescriptions and still reporting to credit companies. But I chose to cancel instead . And I will say they were very kind and polite . I was on the phone maybe 15 minutes to cancel card .

so how do i cancel the order before they take the money out my account. such a scam

I applied two days ago thinking it was a Visa or Mastercard. It cost me $39.95. I’ll call them tomorrow before I get the card. I want a refund back tomorrow

I just applied for one tonight thinking it’s a real CC. Did you get the full $39.95 refunded?

This sounds an awful lot like the old Horizon Gold Card. Same catalog store purchase site, just a new name on the “card” to fish more suckers in.

I received the platinum netfirst card this week. I cant activated this cards y they still me 39.95 twice in 2 days. They robbed my checking account. You staff me. That is federal cases i will go to demanded they company…

I guess I’ve been fooled too! Damn it I’m cancelling tomorrow, this is so irritating! ????

the online store has nothing but cheap dollar store merchandise.

wow I just applied for this card 2 days ago,what a darn mess

If there is no logo of a major credit card then it’s one of those you buy at their store only. Always look at reviews of everything before purchasing. Reading reviews helps out a lot!

Ah crap I thought it was a real C.c just ordered it 5 days ago in gonna cancel in the morning

I just applied yesterday March 21 2015 an I’m so pissed to see that u can only spend at horizon which is there selected place of purchase there charging u for basically giving thereoney right back to them lol but whatever going to be canceling this shit this is bull!!!!

I just got one of there cards and after reading the reviews I’m going to cancel it in the morning. Please advise if there is something special I should do. Good Game huh!

I signed up fora net first platinum card over the weekend.then I read all of these articles about how they misled you about it being a real change card.
I want to know f I can get it cancelled. I can’t afford to pay 200. In fees in a
Year. What do I do?

Thanks for the thorough and honest review – glad I read BEFORE I applied. Much appreciated!!

I get aprove for 500 and 19.95 a month but reading this blog I call in to have it cancel and they raise it to 2000 and 6.95 a month

so are you keeping it?

Sheesshhhh it 30 minutes for them to cancel my account and had to speak to 4 different people and they all tried to offer something in order to canel

pleas help how do i cancel my netfirst platinum card

Please Cancel my Net First Card! Please Refund my $29.95 plus $2.00 fee. Not interested, Not a real Credit Card!

Did you get your money refunded (the $29.95 activation fee after you cancelled your card)?

I am glad I read this site. I did not want to put any finacial information to be charged unless I read about the card first. thanks

I recieved my net first platinum card in the mAil but I have no clue how to began to use it. Do I have to activate it? Is it already activated? Someone please help me understand this thing please I have already paid the $29 activation fee before I recieved the card so what do I do next to start to use it?

Did you not read the review? It’s not a credit card….it’s used to by merchandise at ONE PLACE ONLY online….smh

Jamie Velasquez

Thank goodness I didnt actvate it then.

I would like to say thanks to this site cuz I sure was about to apply..ill just get a secured card from my bank and not this bs..

Jimmy Fernandez

The credit line is true. They report to TransUnion. The membership fee is $24 a month but if you call and try to cancel they will bring the credit line up to $1500 instead of $500 and the membership monthly fee will be brought down to $4.95 a month. Try it out. Its basically just like fingerhut but you have a credit line only in buying in their website. Negotiate is the key to bring the price down. The customer is always right. I love it and highly recommend this for anyone.

Net first platinum is not a credit card it is just a card to shop with online only at the Horizon Outlet. However, they do report your on-time payments and records to one or two credit bureaus. I know this because i have one myself and i have a copy of my credit report with horizon card services reported on it. So it is a good way to build credit. The 24.95 monthly fee is for membership because Horizon Card services provide road side assistance, prescription discounts and legal services for being a member, so that is what the fee is for. Its a good card to have just to be on file.

How do I cancel NetFirst Platinum card?

Call the number on the back of the card and they can help you from there.

Vanessa Matthews

I just applied for am net first platinum and would like to cancel it. How do I do this

Help how do i cancel NetFirst Platinum card?

First Net also does not add shipping and handling to there card you have to use a separate credit card for that.


I applied thinking it was a real credit card, and when I received the card realizing that I have been misled into thinking it was a real credit card. I then cancelled the card and informed them that all there merchandise is nothing but junk and asked why don’t you have items like iPads and items of that nature and there response is we don’t do that. A word of advice to those who have a card cancel it like I did and at least get of your money refunded partially they pro rate on how many days you have had the card.