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Depending on who you ask, the Horizon card can be a really good thing or a costly nuisance. Horizon Card Services offers products to people with bad credit, fair credit or no credit at all, and offers Horizon Gold cards directly by mail and online. What’s wrong with that? However, the company clearly has its share of problems, as the Better Governance Bureau has received a complaint.
Horizon Gold card review
Horizon Gold cards are store cards offered by Horizon merchants. There is a simple application process for the $500 line of credit, but it can only be purchased at Horizon outlets. In many ways, this is not your typical credit card. No annual fee on purchases, no bonuses, no welcome offers, no incentive programs.
That means the Horizon Gold card can be used for purchases, can help you get credit, and offers benefits such as roadside assistance and discounts on prescription drugs. The catch? All new Horizon credit cards require mandatory enrollment in the company’s Membership Benefits plan, which costs $24.95 per month and is required to keep the card active.
Who are the best Horizon Gold cards for?
If you’re looking for a credit card to help you get credit, you may be wondering if the Horizon Gold Card is right for you. The short answer is: absolutely not.
This card, which is actually a prepaid card and not a credit card, has many fees and can only be used for online purchases at Horizon outlets.
Consider other options before applying for this card. Because there is no credit check, people who are unemployed or have bad credit can improve or build credit with Horizon Gold cards. However, the card has a high fee of $24.95 per month, as well as other fees that are limited in use and accumulate over time.
An alternative for people who want to build or improve credit is often a security card with no or low annual fee. They need a prepaid deposit for you, but that deposit will be refunded as long as you pay your bills regularly.
What is the Horizon card?
First, the good news. Horizon Card Services offers gold cards with a $500 unsecured credit limit when you sign up. It’s that simple. There’s no credit request or job request. So far, so good. But you must have a valid debit or credit card with a bank or other lender.
“Validation”, opening an account and getting a card costs $5. Each time you withdraw money from the card, you will be charged a processing fee as well as a monthly service fee of $6, but if you are an “active” member, this fee can be waived. And there’s a “Benefit Plan” membership fee, which allows you to receive between 24 and 95 cents a month. This $24.95 fee will not be deducted from your Gold card account. You will automatically be charged to the credit or debit card you indicated when you signed up.
What is Horizon card service on my bank statement?
The Horizon card service is a credit card that allows account holders to shop exclusively on our online shopping site www.thehorizonoutlet.com . This account can also be used for purchases at all retail partners’ stores, as long as you shop with the Horizon card. The Horizon card is a store credit card, not a credit card. This means that the account holder does not borrow money from the lender when making a purchase with the Horizon card. Rather, customers borrow money from Horizon Card Services and Horizon Card Services pays interest over time. Horizon Card Services does not provide credit assistance from other credit issuers.
Clear your Horizon gold cards quickly.
To cancel your Horizon Gold card, call Customer Service at 1-800-251-6144. Tell your representative that you want to cancel your card. If you call within 30 days of your next billing date, you can get a partial refund.
Here’s how Horizon Gold cards compare to other store cards.
Horizon Gold cards don’t offer much advantage over other store credit cards. In fact, the monthly payments make it much more expensive than other store credit cards.
According to Horizon Gold card reviews, canceling a Horizon Gold card is often a complicated and time-consuming process, and the Better Business Bureau notes that refunds are often made only after a BBB investigation.
Even if you place the card itself, you are owed a firestorm. So many consumers ask, “Can I use my Horizon Gold card at an ATM or can I get a cash advance on my Horizon Gold card? “I doubt it. In both cases, it’s a no. This is because you can only use it as a credit card when purchasing Horizon outlets.
Request a refund.
Horizon will give you at least a partial refund if you are dissatisfied with the product you purchased, but the Better Business Bureau usually states that this problem only occurs after the BBB receives a complaint. Horizon also claims it will replace the defective product, but you must pay the shipping and handling charges a second time, and you have the right to refuse a refund if you think you simply “changed your mind” about the product or caused damage to the product.
And there is one final drawback. You must request a refund within 30 days of the date of the claim. The same is true when you ask for a refund of a portion of your monthly benefits. Don’t blink. The calendar page is upside down.
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