Horizon Gold Card Breakdown and Review
Building and maintaining good credit is extremely important, and one of the most used methods of building credit is through the use of credit cards.
Many people with bad credit may find themselves wanting to build up their credit score but can’t get approved for a new credit card. Well, this is where the Horizon Gold credit card may help.
The Horizon Gold card is not your everyday kind of credit card, as it comes with some unique selling points and is an option for those who are stuck with bad credit.
What Exactly Is the Horizon Gold Card
First, the Horizon Gold Card is not exactly a credit card. At least not in the traditional sense, like Visa or MasterCard. The Horizon Gold is more of a charge card. This is because the card is designed for one purpose, to shop online at The Horizon Outlet.
The Horizon Outlet is an online retail store where you can buy things such as clothes, toys, jewelry, and electronics. The card acts like a membership to this store and only this store.
Since the card cannot be used outside of the online store, the card can be very limited in its purpose. Still, there are a few reasons why someone might want to use the card besides shopping for deals.
Who Is the Horizon Gold Card Meant For?
The Horizon Gold Card is an unsecured “credit card” with a $500 credit limit. The card does not require a credit check to apply which is uncommon. While its usability is limited, the card does report its usage to credit bureaus, so when you use the card, it will show up on your credit report.
These attributes can aid a cardholder in improving their credit score.
This is beneficial to users who have found themselves in a terrible credit situation, and can’t make a cash deposit on a secured credit card. It can be a new starting point for those in need of better credit and can be used as a rebuilding card.
But what about the other terms of the card?
Terms For Using the Horizon Gold Card
So besides the card being used for Horizon’s online retail store, there are a few more terms that go along with the Horizon Gold Card.
First, there is a monthly fee of $24.95 to use the card. The fee is auto-debited to the card every month. There is also a one-time $5 activation fee. The website also charges a $2 delivery fee and a $2.50 signature acceptance fee with every delivery.
While the card comes with a $500 credit limit, the minimum payment of the card is either the greater of a) 10% of the account balance or b) $25.
Perks of Using the Horizon Gold Card
Zero dollar fraud liability protection
Discounts on specific prescription medication
Horizon Gold Card Perks
The Horizon Gold Card does come with a few extra perks. Members get access to Universal Rx, which can get users up to 40% specific prescription medication.
Users also receive roadside assistance and legal assistance. The roadside assistance includes a $50 limit in twelve months, with one call per month and three calls per year. The legal assistance grants users one consultation per legal matter within their network.
The Horizon Gold Card isn’t the best card on the market and it isn’t meant for everyone. If you find yourself in the bottom of the credit score category, however, and need a quick and simple way to help boost your credit score, the Horizon Gold Card may be a great option for you.
Click on our link above for more details and to apply for the Horizon Gold Card.