With the Horizon Gold Card, individuals with prominently bad credit will be able to improve or build their credit history with no credit check. no employment check, and reports to at least one major Bureau. This cards sole intent is built upon making it easier for those with bad credit and with a $500 credit limit, it could surely be a option for those that fit the category, but I must add that this card should only be meant for those with severely deprived credit. However, even with such a credit… It’s advised that you do not touch this card!
Fifth Third Bank Checking: Get $325 when you open an eligible Fifth Third checking account and make qualifying direct deposits totaling $500 or more within 90 days of account opening. Apply Now---Fifth Third Bank Checking Review |
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Horizon Gold Card in Depth:
In this day and age, it’s significantly easier for individuals who filed bankruptcy, or just have history of bad debt to be taken advantage of from lenders with bad practice and odds are if it’s too good to be true, then it really isn’t. The Horizon Gold Card does not have any legally misleading terms and conditions but it may be a costly contender when it comes to it’s practice as a “credit card,” moreover, it’s a charge card with the limited usage to only being available for Horizon outlet online stores.
Aside from that, they do not charge interest but they will slap on a hefty $24.95 a month for the Horizon Gold “Membership/Benefits Plan.” Other fees may apply as well such as a one time card issuance and account validation fee, a monthly maintenance fee of $6 and much more.
Recommended Secured Credit Cards:
- Citi® Secured MasterCard®
- Fifth Third Secured Mastercard
- USAA Secured Platinum American Express® Card / USAA Secured Platinum MasterCard®
- Capital One® Secured MasterCard®
- First Progress Platinum Select MasterCard® Secured Credit Card
Recommended Credit Cards:
This section is for cards recommended after you have the adequate credit score established:
- Chase Freedom UnlimitedSM
- Chase Freedom®
- Costco Anywhere Visa® Card by Citi
- Amex EveryDay® Credit Card
Horizon Gold Card Summary:
- Horizon Gold Card
- Best Feature: Build or Rebuild Your Credit History
- Monthly Fee & Gold Membership: $24.99 a month automatically attached for Gold Membership. $6 Monthly maintenance fee.
- Expiration Date: None
- Additional Advice: PAY off all your balances each month.
Horizon Gold Card Features:
- $500 Limit
- Easy Terms*
- No Credit Check
- No Employment Check
- Reports to Major Bureau
- Fast Online Application
Conclusion:
Giving the most unbiased decision possible… There shouldn’t be any circumstances why you should get the Horizon Gold Card unless you have seen the Horizon outlet catalog and are fine with their relentless fees. Of course, this card does offer a substantial privilege in improving your credit score but there’s much more cards out there that’s much more reliable such as the Citi® Secured MasterCard®. If you intend on getting this card, you should expect a $24.99 fee each month on top of a $6 monthly maintenance fee which rakes up to a costly $300+ annual fee which comparatively could be almost as much as a premium Platinum Card from American Express or a Citi Prestige. Don’t forget to check out our complete list of Credit Card Promotions today!