The Horizon Gold Credit Card offers people with no credit, limited credit or poor credit a guaranteed $500 line of credit and a way to improve their credit scores – without a credit check. Approval is virtually guaranteed. If an unsecured credit card with no credit check is something you are interested in, there are a few things you should know about this card before you apply. The most important one is that the Horizon Gold Card only allows customers to buy items from their online catalog, The Horizon Outlet. There are also some potentially hefty fees with this card. However, the Horizon Gold Card does report to a credit bureau as an unsecured line of credit – so people looking for a way to rebuild credit should read on.
Who can get it:
Any legal United States resident age 18 or older is eligible to be instantly approved for this card. Applicants must have a valid Social Security number and fill out the application accurately and completely, and they must also have an active debit or credit card account in their own name at the time of application.
Why you want it:
If you have bad credit and are having a hard time being approved for an unsecured line of credit to help boost your credit score, this card was designed for you.
What you can get with it
: This card is only good for use at the Horizon Outlet
. This online merchant features a variety of goods, from clothing to appliances and more. They offer the following shopping categories:
Fees and charges to consider:
- Women: Apparel, accessories, jewelry, beauty and footwear
- Men: Apparel, accessories, footwear
- Kids/Baby: Apparel, accessories and footwear for boys and girls
- Entertainment: DVDs, video games, books, sporting goods, electronics, games
- Home: Bedroom, bathroom, kitchen, décor, luggage, auto and tools
- Toys: Games, stuffed animals, Legos, dolls, learning toys and more
- Seasonal: Everything you need from Halloween to Valentine’s Day
This card carries a monthly processing fee of $6 per month, plus a $5 account activation fee. That means you’ll pay about $11 up front to begin using the card, plus more each month. If you use the card, the $6 monthly account fee is waived, but you will pay extra shipping and handling fees. However, this card does have a 0% APR on purchases, so if you carry a balance, you won’t pay interest in addition to the monthly fee.