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Last updated on March 16th, 2021
At a Glance
The Horizon Gold Card is a basic store card offer from Horizon Card Financial Services. The card is best for someone who is building or rebuilding their credit score. This card features a 0% APR, a credit limit of $750, roadside assistance, discounts on prescription meds, and no credit check.
Ideal for Those Who:
- Have poor or no credit history
- Want a payment card for convenience that will not require a credit check or employment check
- Are comfortable with spending close to $30 each month for the use of an online store card
- Are looking for additional benefits that come with a card offer, such as roadside and legal assistance
Horizon Gold Card Review
The Horizon Gold Card is a basic unsecured credit card offer available for use exclusively with Horizon Outlet. This outlet is an online marketplace with a variety of products for purchase. Approval does not require a credit check or an employment check. This means it’s a great option for someone struggling to get a traditional credit card offer due to bad credit or poor financial habits.
The spending limit for this card is $750. However, the card only works at the Horizon Outlet. This means it is a store card and not a traditional credit card. This difference means you can’t utilize your Horizon Gold Card at an ATM.
Horizon Gold Card Benefits
While it’s not a traditional credit card, Horizon Gold reports directly to the credit bureaus each month. This reporting is critical for those who are establishing or building their credit.
The online application is quick and easy since there is no credit check. Once you pay your monthly subscription of $24.95, you gain access to perks and benefits. These perks include My Privacy Protection, My Universal RX, My Roadside Protection, and My Legal Assistance. These enhanced benefits, when broken down, include:
- My Privacy Protection: Access to unlimited privacy protection when using your Horizon Gold card with the online portal from Horizon Outlet. In addition, you will receive expedited fraud resolution services with regard to unauthorized use of information.
- My Universal RX: Unlimited access to participating local pharmacies – members receive up to 40% off on all covered prescription medications.
- My Roadside Protection: Cardholders will enjoy up to 3 service calls or towing requests per 12 months, up to 15 miles and not to exceed the operator cost of $50, for free. Additional mileage and associated towing costs are the responsibility of the cardholder.
- My Legal Assistance: Enjoy toll-free and Internet access to legal resources; your plan entitles you to one free 30-minute consultation with a legal professional in your area, specializing in an area of law of your interest. This does not cover criminal defense cases.
For more information on these benefits, be sure to check out the terms and conditions on the Horizon website.
Horizon Member Benefits
No purchase APR with the card is another attractive offer for members. This perk means you won’t have to worry about additional monthly costs. If you choose to carry a balance, a minimum payment is required in order to keep your account from default status. That amount will be either $25 or 10% of the monthly balance due, whichever is greater.
The application for the Horizon Gold Card is quick and easy and can be completed online. Approval can take minutes, meaning you’ll be able to access your member benefits and $750 credit line immediately.
Horizon Monthly Fee
As mentioned above, there is a monthly subscription fee of $24.95 associated with the Horizon Gold Card. However, this accompanies the benefits plan. This adds up to the equivalent of a $300 annual fee, which may be slightly off-putting.
The benefits plan membership fee is auto-debited monthly and shows on your bank statement as Horizon Card Services. In addition, Horizon Gold Card activation requires that this monthly fee be paid on time. You can also cancel your card account at any time by calling Member Services at 1-800-251-6144. Check their website for Horizon Card Services customer service hours.
Horizon Outlet Store
Shopping at the Horizon Outlet is a straightforward process. Examples of products include men’s clothing, women’s clothing, toys, and much more. The Horizon Outlet even has toys and jewelry. If you don’t plan to make ample purchases from their online store, another card offer may better suit your needs.
How Does the Horizon Gold Compare to Other Cards?
The Horizon Card is a catalog card – a unique type of retail credit card. The card acts similarly to other cards like it’s sibling, the Group One Platinum and another competitor – the Fingerhut Card from WebBank.
What is The Fingerhut Credit Card?
The Fingerhut Credit Card, like the Horizon Card, features lower credit score needed requirements than other types of credit card offers. Unlike the Fingerhut Card, however, the Horizon Card does not require a downpayment. The Fingerhut Card requires a $30 initial payment for a credit limit fo up to $250. The Horizon Card requires no deposit for an unsecured credit line of $750.
Which Is Better: Horizon Gold Vs. Fingerhut?
Since the Fingerhut credit card account offers a lower limit, it may be a bad option for people with bad credit. While the card is one of the easiest cards to get with bad credit, the Horizon Card offers significantly more value.
Like the Horizon Gold, Fingerhut reports to all the major credit bureaus. Unlike the Horizon, however, Fingerhut credit card accounts come with a 29.99% APR on purchases.
The Horizon Card’s 0% interest on purchases and $750 unsecured credit line, double that of the Fingerhut Card account, make the card a more enticing credit-building option than Fingerhut’s Card.
Should You Apply for the Horizon Gold Card?
Perhaps the biggest caveat with the Horizon Gold is that you can only use it at the Horizon Outlet. Other options, such as secured cards like the OpenSky Visa Secured Credit Card, can be used to make purchases anywhere. Most traditional credit cards and secured cards do not limit cardholders to one outlet or retailer. Also, the monthly fee is much higher than the annual fees that accompany many traditional credit cards.
All in all, the Horizon Gold Card is a good opportunity for anyone who wants to build their credit. Although it doesn’t work like a typical credit card, the Horizon Gold card is not a scam – it’s a real deal that will attract folks who love to shop at the Horizon Outlet. If you’re looking for an exclusive marketplace to shop at often, it’s a great fit.
There are no credit checks, meaning you won’t see a hard inquiry hit your credit report after you apply. Remember, even with secured cards, there’s no guarantee of approval – so if you’re struggling with your credit, the Horizon Gold Card may be a good first step in the right direction.