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Last updated on June 25th, 2021
- $1000 Credit Limit
- No Credit Checks
- Instant Approval
- 0% Financing
- Late Payment Penalty Fee: $10
- Return Payment Penalty Fee: $30
At a Glance
The Unique Platinum Card is a merchandise card for people that struggle to find a traditional credit card. The card is unsecured, meaning successful applicants receive access to $1,000 in credit lines to Unique’s online portal.
Ideal for Those Who:
- Have a hard time finding a regular credit card for their credit profile
- Are new to credit
- Don’t have the available cash for a security deposit for a secured credit card
- Want a significant credit line to purchase brand-name merchandise and electronics
Unique Platinum Card Review
The Unique Platinum Card is a merchandise and catalog card for people with bad credit or no credit history.
No Credit Check Required
The Unique Platinum Card is like other merchandise cards in that it requires no credit checks or employment checks to qualify. Unique says they are a credit platform designed for people with little to no credit history. According to the company, no applications are denied due to a poor FICO score or limited credit history.
One of the benefits of this wide acceptance is that it offers the perfect platform for someone who faces difficulties getting a regular credit card but wants to raise their credit score. And since Unique regularly reports to the major credit bureaus, it can help build a positive credit history with on-time payments.
$1,000 Unsecured Credit Line
Like other catalog cards, the Unique Platinum offers an unsecured credit line – meaning no security deposit is required. Unlike other cards, however, that credit line is $1,000, for use at MyUniqueOulet.com, the company’s online shopping marketplace. The My Unique Outlet online store has a huge selection of name brand electronics, fragrances, and supplies for the home and kitchen.
Other cards, like the various Horizon Services cards, or the Fingerhut Card, offer lower credit lines. With the Horizon cards, this credit line is only slightly smaller ($750 vs. $1,000), while with the Fingerhut Card, the difference is much more pronounced.
Monthly Membership Fee
The Unique Platinum Card features a monthly membership fee of $19.95. This membership fee auto-debits monthly and shows on bank statements as UNIQUE CARD SERVICES™ Membership Fee. Cardholders membership at any time by calling 1-888-805-7648 or emailing [email protected],
This membership plan offers access to members-only discounts and Roadside Assistance. Here, the Unique Card suffers vs. the Horizon Services offerings, which provide a much greater array of benefits for a lower monthly membership fee.
No Purchase APR
Merchandise cards are a decent option because they don’t feature any interest charges on purchases. They may charge a monthly membership fee, but for applicants that want to purchase the goods on offer, the $19.95 price is much more preferable to sky-high interest rates, which could cause crushing debt and difficulty paying back.
Should You Apply for the Unique Platinum Card?
The Unique Platinum Card is an excellent option for those struggling to find a traditional credit card to help them build their credit score or establish a credit history for the first time. Although it does not function as a conventional credit card, it does provide the credit building platform users need – in addition to a $1,000 credit line at My Unique Outlet.
That outlet has a smaller number of products than the Horizon Outlet. However, the Unique items are of a higher-end quality – including leading names in electronics, fragrances, and more.
There are no credit checks or employment checks, meaning you will not see a hard inquiry hit your credit report after applying. Cardholders only need to pay for the purchases they make with their Unique Platinum Card. If that sounds like an easy proposition, then the card might be the right option on your credit building journey.
Note: Unique Platinum is not available to residents of Wisconsin, Vermont, or Indiana