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Horizon Gold Card

Horizon Gold Card

Horizon Gold Card

Instant Approval
Decision in 60 Seconds
No Credit Checks
Applying Won't Negatively Impact Your Score
Reports to Credit Bureaus
Build Credit With Responsible Account Management
Edited by
Julie Sherrier
Reviewed by
Tracy Brackman
Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through a credit card issuer partnership.

Who is the Horizon Gold Card best for?

If you’re on the lookout for a credit card to help you build or establish credit, you may be wondering if the Horizon Gold Card is the right card to do so. The short answer is: Absolutely not.

In fact, the card — which is not actually a credit card but a prepaid card — is loaded with fees and can only be used to purchase merchandise online at the Horizon Outlet.

Consider other options before applying for this card. People who are unemployed or have bad credit may look toward the Horizon Gold Card to improve or build credit since there are no credit checks. However, this card does have restricted use and a high $24.95 monthly service fee among other fees that add up over time.

An alternative for people looking to build or improve their credit are secured cards, which often have no or low annual fees. They do require an upfront deposit to open; however, that deposit will be returned so long as you pay your bill regularly.

Horizon Gold Card overview

    • Reports to major credit bureau
    • Must have active debit card or credit card to qualify
    • Unsecured credit line
    • No credit checks
    • No employment check
    • Card can only be used for shopping at thehorizonoutlet.com 
  • Credit needed:
    300 599
    Bad/Poor
  • Universal Rx: For select local participating pharmacies, you receive up to 40% off covered prescription medications.
  • Roadside protection: If you run out of gas, are locked out of your car or get a flat tire, you may be covered for the cost, up to $50 in 12 months. Maximum one call within a 30-day period and a total of three calls within 12 months. Additional terms apply.
  • Legal assistance: You can receive one office or telephone consultation per separate legal matter at no additional cost when you use a network attorney.

Intro Purchase APR

N/A

Regular Purchase APR

N/A

Intro BT APR

N/A

Regular BT APR

N/A

Annual Fee

See Terms*

Cash Advance Fee

N/A

Foreign Transaction Fee

N/A

Balance Transfer Fee

N/A

Pros and cons of the Horizon Gold Card

Pros

  • No credit check

Cons

  • Monthly and additional fees
  • Can only be used at Horizon Outlet
  • Must be a Horizon Federal Credit Union member
  • Only reports to one credit bureau
  • High shipping costs that can’t be paid with the Horizon Gold Card

What we like about the Horizon Gold Card

  • No credit check

    If you do shop regularly at The Horizon Outlet, then know that by applying for the Horizon Gold Card won’t involve a credit or employment check.

  • Reports to one credit bureau

    Horizon Gold Card cardholders looking to rebuild their credit (this card is aimed for those with bad/poor credit) should know that this card reports to one of the three credit bureaus. However, that can backfire if the card isn’t listed with another credit reporting agency a future lender may refer to when determining your creditworthiness. When rebuilding your credit, it’s best to choose a card that reports to all three credit bureaus (Equifax, Experian and TransUnion).

What to look out for with the Horizon Gold Card

  • Numerous fees

    The Horizon Gold Card comes laden with fees.

    There is a monthly service fee of $24.95 that will be auto-debited from your checking account. This comes out to an alarming effective $299.40 annual fee. At that price, you should seriously consider opening a secured card before applying for the Horizon Gold Card , since many secured cards have low fees or none at all.

    Also, there is a one-time $5 account validation fee, on top of fees for online deliveries (which can’t be charged to your Horizon Gold Card account).

  • Can't be used outside Horizon Outlet

    If you’re looking for a card to use for all your shopping needs, the Horizon Gold Card doesn’t do that. You can only use the card at Horizon Outlet.

Alternate credit-building card to the Horizon Gold Card

Compare it to the Discover it® Secured Credit Card

A better alternative to the Horizon Gold Card is a secured card like the Discover it® Secured Credit Card.

Disclosures |
Discover it® Secured Credit Card
Discover it® Secured Credit Card
on Discover's secure site
N/A
22.99% Variable APR
$0
2% cash back at Gas Stations and Restaurants on up to $1,000
  • No Annual Fee, earn cash back, and build your credit with responsible use.
  • Using your secured credit card helps build a credit history with the three major credit bureaus. Generally, prepaid and debit cards can’t do that.
  • Establish your credit line with your tax return by providing a refundable security deposit of at least $200. Bank information must be provided when submitting your deposit.
  • Automatic reviews starting at 7 months to see if we can transition you to an unsecured line of credit and return your deposit.*
  • Earn 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter. Plus, earn unlimited 1% cash back on all other purchases – automatically.
  • Discover is accepted nationwide by 99% of the places that take credit cards.
  • Get 100% U.S. based customer service & get your free Credit Scorecard with your FICO® Credit Score.
  • INTRO OFFER: Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. Just a dollar-for-dollar match.
  • Get an alert if we find your Social Security number on any of thousands of Dark Web sites.* Activate for free.
  • Click "APPLY NOW" to see rewards, FICO® Credit Score terms, Cashback Match™ details & other information.
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How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

Secured cards require a minimum security deposit to fund your account and are a great way to build credit. The Discover it® Secured Credit Card requires a refundable $200 security deposit and also has a rewards program.

With a $0 annual fee and a cashback rewards program, the Discover it® Secured Credit Card provides you the opportunity to build credit and earn rewards. The Discover it® Secured Credit Card lets you earn 2% cash back at gas stations and restaurants on up to $1,000 in combined purchases each quarter, 1% unlimited cash back on all other purchases - automatically

Plus, you can use the Discover it® Secured Credit Card anywhere Discover is accepted without being restricted to an online website like the Horizon Gold Card . If you’re looking for a well-rounded card to build credit and also benefit from additional perks, the Discover it® Secured Credit Card is one of our favorites.

Compare the Horizon Gold Card to similar cards

Comparison of four different credit cards
Horizon Gold Card Discover it<sup>®</sup> Secured Credit Card OpenSky<sup>®</sup> Secured Visa<sup>®</sup> Credit Card Jasper Cash Back Mastercard<sup>®</sup>
Horizon Gold Card Discover it® Secured Credit Card OpenSky® Secured Visa® Credit Card Jasper Cash Back Mastercard®
Apply Now
on Horizon's secure site
Apply Now
on Discover's secure site
Apply Now
on OpenSky's secure site
Read Review
Annual Fee
See Terms* $0 $35 $0
Regular APR
N/A 22.99% Variable APR 17.39% (variable) 15.49% -24.99% (Variable)
Welcome Offer
N/A Unlimited Cashback Match – only from Discover. Discover will automatically match all the cash back you’ve earned at the end of your first year! There’s no minimum spending or maximum rewards. Just a dollar-for-dollar match. N/A None
Rewards Rate
N/A 2% cash back at Gas Stations and Restaurants on up to $1,000 in combined purchases each quarter, 1% unlimited cash back on all other purchases - automatically None Get up to 6% cash back by referring friends! Start with 1% and get an extra 1% for a full year for every friend you bring on board
Recommended Credit
Bad/Poor Limited/Bad/Poor Limited/Bad/Poor Excellent/Good/Limited
Card Details
Horizon Gold Card Discover it® Secured Credit Card OpenSky® Secured Visa® Credit Card Jasper Cash Back Mastercard®

Is the Horizon Gold Card right for me?

The Horizon Gold Card is laden with fees and although you have the potential to build credit with this card, we recommend considering opening a secured card that won’t charge a monthly membership fee, and can provide more benefits.

The information related to the Jasper Cash Back Mastercard® has been independently collected by LendingTree and has not been reviewed or provided by the issuer of this card prior to publication.

Apply Now
on Horizon's secure site