Are you considering the Vast Platinum Credit card? Read on to find out everything you need to know about this store card.

Key Takeaways:

• The Vast Platinum credit card is a store card that can be used exclusively at their online shopping site.
• Serviced by Unique Card Services, this card comes with several fees, including an upfront payment fee of $29.95 and a monthly fee of $19.95.
• The interest rate on the Vast Platinum card is 0%, but the fees can quickly add up to a substantial amount.
• The minimum payment requirement is either $25 or 15% of the balance.
• Unlike other similar cards, the Vast Platinum card does not require a credit check and can be paid with a debit card.

In this comprehensive Vast Platinum Credit Card review, we will delve into its features, benefits, and potential drawbacks. Discover all the important details before making a decision.

What is the Vast Platinum Credit Card?

The Vast Platinum credit card is a store card that can only be used at their online shopping site. It is serviced by Unique Card Services. This exclusive card offers customers the convenience of shopping online while providing access to a wide range of products.

With the Vast Platinum credit card, you can enjoy flexible payment options and a seamless shopping experience. It offers a simple application process with no credit check required, making it accessible to a wider audience. Additionally, this card allows you to make payments using your debit card, ensuring greater convenience and accessibility.

Features of the Vast Platinum Credit Card:

• No credit check required for approval
• Accepted exclusively at the Vast Platinum online shopping site
• Flexible payment options
• Ability to pay with a debit card
• Access to a wide range of products

It’s important to note that the Vast Platinum credit card is a store card, which means it can only be used for purchases at their online shopping site. This limitation should be considered when deciding whether this card aligns with your shopping needs and preferences.

“The Vast Platinum credit card is a store card that offers convenience and flexibility for online shopping at their dedicated online site. However, it comes with fees that can accumulate over time, such as an upfront payment fee of $29.95 and a recurring monthly fee of $19.95. It’s important to carefully consider these costs before deciding if this card is right for you.”

Although the Vast Platinum credit card provides a convenient shopping experience, it’s important to weigh the associated fees and terms. There are other similar cards, such as Fingerhut and Gettington, that offer comparable fees but also report to all three major credit bureaus. The Vast Platinum card, however, does not specify which credit bureau it reports to, potentially limiting the impact on your credit score.

Considering the high fees and questionable terms, the Vast Platinum credit card may not be the most suitable choice for consumers seeking a cost-effective and credit-building option. It’s advisable to explore alternative credit card options that offer more transparent terms and reporting to credit bureaus in order to make an informed decision that aligns with your financial goals.

Fees and Costs

While the Vast Platinum credit card offers a 0% interest rate, it does come with several fees that can add up to a considerable sum. It is important to be aware of these costs before deciding if this card is right for you.

First, there is an upfront payment fee of $29.95. This fee is required when you first open your account, and it is non-refundable. It is important to factor this fee into your budget when considering the Vast Platinum credit card.

In addition to the upfront payment fee, the Vast Platinum card also charges a monthly fee of $19.95. This monthly fee is recurring and will be charged to your account each month. It is important to consider this cost when deciding if the benefits of the card outweigh the monthly fee.

The minimum payment requirement for the Vast Platinum credit card is either $25 or 15% of your balance, whichever is greater. This means that even if you have a small balance, you will still need to make a minimum payment of $25. It is important to plan for this minimum payment to avoid late fees or other penalties.

It is also worth noting that there are other credit cards, such as Fingerhut and Gettington, that have similar fees but also report to all three major credit bureaus. This reporting can help build your credit history and improve your credit score over time. However, the Vast Platinum card does not specify which credit bureau it reports to, which may limit its impact on your credit score.

Conclusion

Considering the fees and limitations of the Vast Platinum credit card, it is not recommended as a top choice for individuals seeking a credit card. The combination of upfront payment fees, monthly fees, and potential lack of credit bureau reporting make it less appealing compared to other options available in the market.

Comparison with Similar Cards

If you’re considering the Vast Platinum credit card, it’s important to understand how it compares to other similar cards in terms of fees and reporting to credit bureaus. Two popular alternatives to the Vast Platinum card are Fingerhut and Gettington, both of which offer similar features and purchasing options.

When it comes to fees, all three cards have upfront payment fees, but the Vast Platinum card stands out with its $29.95 fee, which is higher than what Fingerhut and Gettington charge. Additionally, the Vast Platinum card has a monthly fee of $19.95, while the other two cards do not have a monthly fee.

Another crucial aspect to consider is credit bureau reporting. While Fingerhut and Gettington report to all three major credit bureaus, enabling you to build and improve your credit score, the Vast Platinum card does not specify which credit bureau it reports to. This lack of transparency could impact your ability to establish credit history and potentially limit your future borrowing options.

Considering the higher fees and uncertainty surrounding credit bureau reporting, it’s clear that the Vast Platinum credit card may not be the best choice when compared to similar cards like Fingerhut and Gettington. It’s crucial to carefully evaluate your options and choose a card that aligns with your financial needs and goals.

Credit Bureau Reporting

When considering the Vast Platinum credit card, it’s crucial to know if your credit activity will be reported to any of the major credit bureaus. The Vast Platinum credit card is unique in that it does not specify which credit bureau it reports to. This lack of transparency can make it difficult for cardholders to gauge the impact their credit activity will have on their credit scores.

Unlike other cards, such as Fingerhut and Gettington, which report to all three major credit bureaus (Equifax, Experian, and TransUnion), the Vast Platinum credit card’s reporting practices remain ambiguous. This means that your responsible credit behavior may not be reflected in your credit reports, which can hinder your efforts to build or improve your credit history.

As credit bureaus play a crucial role in determining your creditworthiness, it is essential to choose a credit card that reports to these bureaus. By reporting your credit activity, positive payment history and responsible credit usage can have a favorable impact on your credit score. However, without this reporting, you may miss out on opportunities to establish or enhance your creditworthiness.

Why Reporting to Credit Bureaus Matters

Credit bureaus collect information about individual consumers’ credit behavior and use it to calculate credit scores. These scores are used by lenders, landlords, and other financial institutions to assess creditworthiness and make decisions about credit approvals, interest rates, rental applications, and more. By reporting your credit activity to the major credit bureaus, you can establish a positive credit history, demonstrate your financial responsibility, and improve your chances of accessing better credit opportunities in the future.

Considering the lack of transparency surrounding credit bureau reporting, it is advisable to explore alternative credit cards like Fingerhut or Gettington that provide clear information about their reporting practices. These cards offer similar fees to the Vast Platinum credit card but also provide the opportunity to build credit and improve credit scores through reporting to all three major credit bureaus.

Overall Recommendation

After considering all the factors, I present my overall recommendation on whether the Vast Platinum credit card is worth applying for. The Vast Platinum credit card is a store card that can only be used at their online shopping site. It is serviced by Unique Card Services and comes with several fees, including an upfront payment fee of $29.95 and a monthly fee of $19.95. While the interest rate is 0%, the fees can add up to a hefty sum. The minimum payment is either $25 or 15% of the balance.

When comparing the Vast Platinum credit card to other available options, such as Fingerhut and Gettington, it becomes clear that there are alternative cards that not only have similar fees but also report to all three major credit bureaus. This reporting can be beneficial for those looking to build or improve their credit history. However, the Vast Platinum credit card does not specify which credit bureau it reports to, which can make it difficult to determine the potential impact on your credit score.

Considering the high fees and the lack of clarity regarding credit bureau reporting, I do not recommend the Vast Platinum credit card. While it may offer convenience for online shopping, the costs associated with using the card outweigh the benefits. It is important to carefully evaluate the terms and fees of any credit card before making a decision to ensure you are choosing the best option for your financial situation.

In conclusion, the Vast Platinum credit card may not be the best choice for individuals seeking a credit card with reasonable fees and transparent terms. With alternative options available that report to credit bureaus and offer similar benefits, it is advisable to explore other alternatives. Remember to thoroughly read and understand the terms and conditions of any credit card before applying to make an informed decision that aligns with your financial goals.

Sources:

“Vast Platinum Credit Card Review.” Personal Finance Blog. Accessed [insert today’s date]. [Insert URL].

Potential Drawbacks

While the Vast Platinum credit card has its benefits, it’s essential to be aware of the potential drawbacks before committing to it.

First and foremost, one of the major drawbacks of the Vast Platinum credit card is its high fees. With an upfront payment fee of $29.95 and a monthly fee of $19.95, these costs can quickly add up, especially for those on a tight budget. While the card offers a 0% interest rate, the fees alone can make it an expensive choice.

Another drawback is that the Vast Platinum credit card reports to credit bureaus is not specified. This can be a concern for those looking to build or improve their credit score. Other similar cards, such as Fingerhut and Gettington, report to all three major credit bureaus, providing users with the opportunity to positively impact their credit history. Without this reporting, the Vast Platinum card may not be the best choice for those seeking to improve their credit standing.

Lastly, the Vast Platinum credit card does not require a credit check and can be paid using a debit card. While this may seem like an advantage for those with less-than-perfect credit, it also means that the card may not provide the same level of security and fraud protection as other credit cards. It’s important to carefully consider the potential risks associated with using a credit card that does not require a credit check.

In conclusion, the Vast Platinum credit card may not be the ideal choice for those seeking a credit card with low fees and strong credit reporting. While it does offer some benefits, such as a 0% interest rate and the ability to pay with a debit card, the overall drawbacks of high fees and limited credit bureau reporting make it a less-than-desirable option. It’s important to carefully consider your financial goals and explore alternative credit cards before making a decision.

Final Thoughts

After exploring the features, fees, and other important aspects of the Vast Platinum credit card, it’s time to wrap up with our final thoughts.

The Vast Platinum credit card, serviced by Unique Card Services, is a store card that can only be used at their online shopping site. While it may seem convenient for avid online shoppers, it comes with a range of fees that can quickly add up. With an upfront payment fee of $29.95 and a monthly fee of $19.95, it’s essential to consider whether the benefits of this card outweigh the costs.

One significant drawback of the Vast Platinum credit card is its limited impact on credit scores. Unlike other similar cards, such as Fingerhut and Gettington, which report to all three major credit bureaus, the Vast Platinum card does not specify which credit bureau it reports to. This lack of reporting may limit the potential positive effect on your credit score.

In conclusion, the Vast Platinum credit card is not recommended due to its high fees and questionable terms. While the absence of a credit check and the ability to pay with a debit card may appeal to some, the overall cost of the card, coupled with its limited credit bureau reporting, makes it less desirable than other options in the market. It’s crucial to weigh the benefits and drawbacks carefully before deciding whether to apply for the Vast Platinum credit card.