Do you have a bad credit score or do you want to improve your credit score without getting a bank credit card? We have a great option for you to explore. Horizon card services provide an unsecured credit card option, the Merit Platinum Card, even without checking your credit score. You can secure an instant credit of $750 which can be increased over time. One important thing to know is that this is not a real credit card issued through a bank, this is a horizon outlet card that can only be used to buy stuff from them. You can shop for a variety of items including home products, electronics, clothing, beauty products, jewelry, and kids and baby products. All you need to get this card is to fill out an application form and the card is delivered to you within 2 weeks. There will be no credit or employment checks but you do need to have a debit card or a bank account.
When you talk about credit cards, you often have a lot of questions regarding credit scores, payments, eligibility, etc. Here we are to answer all of that. As we already mentioned, this card does not require you to have a good credit score, infact, your credit score is not checked at all when you apply for this card. Not just this, owing this card also ensures that your credit score gets better with time if you pay your monthly dues on time or at least the minimum payment required. Let’s have a look at the complete review of the Merit Platinum card.
Applying for a Merit Platinum card is pretty simple. All you need to do is visit the Horizon card website and fill up their application form. You will need to provide information such as your personal information, your financial information, and your address. You will then be asked to review the details and submit the information. That’s it, now you wait to get your card. Since there are no checks for credit and employment, the approval does not take much time and you are guaranteed to receive the card in a short duration.
Horizon card does not charge any interest rate on the credit but you do have to pay a monthly subscription fee of $14.77 which sums up to a total of $179.40 per year. As per Federal Reserve Board, credit cards have an average APR of 15% and it can be as high as 17% for accounts that carry a balance. Having a credit card for shopping with 0% APR is some real deal.
If you ever opt for cancellation of the Merit account, you can call Horizon Member Services at 1-800-251-6144.
Membership charges also mean that you get to enjoy some membership perks. Do you want to see what else you get apart from the not-so-bad credit limit? Here is our review of Merit Platinum Card Benefits.
Once you have decided to own this card, the next big question comes on how to make the payments. The payment process is pretty simple. After you receive your card, you will be required to sign up for an online account where you can log in to check your card balance, make payment and also review your transactions. Also, once the card is linked to your debit card or bank account, you can set up an automatic payment from your bank account every month. This is a great option to avoid late payment fees of $20.
Since we have already covered the summary and membership perks, let us once go through some of the advantages and disadvantages of having the platinum card.
You may opt for Merit Platinum due to a bad credit score, but there are other options available in the market which provide similar services. In this Merit Platinum Card review, we have listed down a few alternate options for the shopping credit card.
We went through various sources to find some first-hand reviews and we can safely presume that the Merit Platinum review is mostly positive. Some are happy with the $500 credit limit; others are delighted about getting a chance to improve their credit score. One user called the overall experience of owning the Merit platinum card amazing and praised the customer service for having a terrific network that speeds up the transactions. Some users also recommended going for the merit card if you are new to credit cards. The regular customers of Horizon outlet said that the Platinum card gives almost all the benefits of a regular credit card.
We also encountered a few negative reviews where the members were not happy with the high membership plan even when it was not a real credit card.
If you are often denied credit cards due to low credit score and you want to opt for a shopping card, Platinum card is a great option. It is particularly beneficial if you shop regularly at Horizon outlets. If you just want to build credit, there are other options available as well such as a secured credit card. In our opinion, one should opt for outlet based cards if even secured credit cards are denied. It may seem that getting an outlet-based card is a great option to boost your credit score, but you should also keep in mind the charges you need to pay. However, Merit card does come with its own perks and users are greatly satisfied with it. If you are still not sure whether you should go for it, try out the 7-day trial offer and find out for yourself.