Freedom Gold Card
REVIEW

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By : Mr Credit Card

What is the Freedom Gold Card and Who Is It For?

The Freedom Gold Card from Horizon Card Services gives you a $750 unsecured credit limit to shop at thehorizonoutlet.com. There is no employment check and no credit check so for those of you with bad credit, it is ok to apply. Furthermore, you get a 7-day Rsik-Free Trial. The form is easy and results in fast application online and instant approval. Aside from a generous starting merchandise credit line, you also get benefits like Credi Hawk (a credit and ID theft monitoring service), My Road Assistance, My Universal RX and My Legal Assistance. The Freedom gold card also reports to a major credit bureau (which is Equifax) monthly from the 10th to the 15th so rebuilders can actually benefit from having this card.

In our review, we have noted that the Freedom Gold Card is ideal for rebuilders who do not have cash for a security deposit in a secured credit card and have been rejected by unsecured cards. If you have been rejected by unsecured cards and cannot afford another hard pull and hard inquiry, then a card like the Freedom Gold Card is a great stop gap measure until you can get a better card.

It is also ideal for those who are stuck with low limit cards and need a boost in their overall credit lines. Since Freedom Gold has a record of credit card increases, you can potentially get your credit lines up to $1,700 to $3,000 relatively quickly.

There are things you have to be aware of this card and there are also ways to reduce your monthly fees. Continue reading to find out.


Card Can Be Used At Horizon Outlet

The first thing you have to understand about the Freedom Gold Card is a credit card that can be used at their online store thehorizonoutlet.com. It is not a Visa or Mastercard and you can only use it at thehorizonoutlet.com. Horizon sells a variety of goods including electronics, apparel, beauty products, jewelry, kids and baby products and home products as well. Below is a screenshot of their online store.

horizon outlet


Buying and Paying with Freedom Gold Card

When you buy something from thehorizonoutlet.com, you can either pay in full or carry a balance. One of the nice things about carrying a balance is that the APR is 0% so you will not be paying any interest for any of your purchase. In this sense, the Freedom Gold Card is really a Buy Now Pay Later Store Card.

You do know however, have to pay a $3.50 charge for shipment verification. This has to be paid with a debit card before it will be shipped to you. The minimum payment is either 10% of the balance or $25. If you buy something that is $25 or less, you have to pay in full.


Card Details Summary

Now for the card details like fess and rates. Below is a table listing a summary of this card's details.

Annual Fee $0
Regular Membership Plan $14.77/month
Starter Membership Plan $6/month
Regular APR 0%
Minimum Payment $25 or 10% of Balance
late Fee $20
Outlet Store Delivery Signature Verification $3.50
Outlet Store Residential Delivery $2.00
Credit Bureau Reporting Reports to One Credit Bureau


2 Levels of Membership

The Freedom Gold Card has 2 levels of membership. When you apply and are approved, you are automatically enrolled in the regular membership.

Regular Membership at $14.77 a month

The regular membership cost $14.77 a month. For the fee that you pay, you will get the following benefits:
  • Free Roadside Assistance - This is the main perk of the membership. You are allowed up to 3 towing request not exceeding 15 miles and also not to exceed operator cost of $50. You are allowed up to 1 service call a month.

  • My Universal RX - My Universal RX is a plan that allows you to receive up to 40% discounts on prescription drugs.

  • My Legal Assistance - This is a service where you will get a free 30 minute consultation with a legal attorney (does not include criminal defense).

  • Credit Hawk Free Credit Report - This is a service whereby you get a free credit report which you can access anytime.


Starter Membership at $6/month

Most people do not know that there a lower tier membership called the "basic membership" level which only cost $6/month. According to Freedom Gold's website, you will automatically be downgraded to the basic membership level if you miss 3 payments to the regular membership plan.

However, you can also call Freedom Gold and request to be downgraded to the basic membership plan. The basic membership plan is identical to the regular plan except there is no free roadside assistance. You will still get the Universal RX, Legal Assistance and the free credit report monitioring.

Hot Tip: You should call Freedom Gold and downgrade to the Starter Membership. This will save you a lot on your monthly fee and the cost to carry this card.


Similar Cards Like Freedom Gold

Card Monthly Fees Annual Fee Fee Credit Reporting Credit Lines
Freedom Gold Card$14.77$0Equifax$750
Net First Platinum$14.77$0Equifax$7500
Innovation Platinum$14.77$0Equifax$750
Merit Platinum$14.77$0Equifax$750
Horizon Gold Card$14.77$0Equifax$750
Pulse Platinum$19.95$0TransUnion$1,000
Unique Platinum$19.95$0TransUnion$1,000
Vast Platinum$19.95N.A.TransUnion$1,000
Unique Platinum$19.95N.A.TransUnion$1,000
Opensky Secured$0$353 Credit Bureaus$$200 - $2,500
First Progress Secured$0$293 Credit Bureaus$200 - $2,000


Other Cards by Horizon Card Services

Freedom Gold is issued by Horizon Card Services. And they have many other cards like Horizon Gold Card, Net First Platinum, Merit Platinum and Group One Platinum. If you look at the table above, they all have identical fees, terms and conditions.

Cards from Unique Card Services

Horizon Card Services main competitor is from Unique Card Services. Like Horizon Card Services, Unique Card Services also has a few cards like Unique Platinum, Evolve Card, Choice Gold Card and Vast Platinum. Their monthly fee is higer at $19.95 a month (vs $14.77 a month) but they do not have a lower tier membership plan to downgrade to. Also, Unique Card Services reports to TransUnion. They also start you off with a slightly higher credit limit of $1,000 compared to Freedom Gold Card and other Horizon Services Card of $750. However, Freedom Gold has a track record of credit line increases and members have been known to get up to $1,700 to $3,000 credit lines.

Other No Credit Checks Cards

There are a couple of no credit checks secured credit cards like Opensky Secured Visa Credit Card, First Progress Secured Credit Card and Self Secured Visa. These cards are actually Visas and Mastercards and can be used anywhere unlike Freedom Gold. If you have enough cash to put down a security deposit, you might be better off getting any one of these secured credit cards.


What we Like About This Card - 7-Day Risk-Free Trial, $750 Unsecured Credit Limit

  • 7 Day Free Trial - Freedom Gold Card gives you a 7 day free trial in which you can use their card but you will not be charged the monthly membership fee. You can cancel anytime within 7 days.

  • No Annual Fee - This card has no annual fee though it does charge a monthly fee (in return for certain benefits).

  • 0% APR - Since this is a buy-now-pay-later store, the interest rate is 0%. But as explained earlier, there is a minimum payment and you do have to pay in full if the purchase price is $25 or less.

  • No Credit Checks - There are no credit checks when you apply for the Freedom Gold. So you will be approved as long as you have a debit card.

  • Starting $750 Unsecured Credit Limit - You get a starting credit limit is $750. This is higher than most unsecured subprime credit cards.

  • Record of Credit Line Increases - The Freedom Gold Card has a record of credit line increases. Consumers have reported credit lines increases as soon as three months. Consumers have also been offered credit line increases when they cancel their cards.

  • Reports to Equifax - Under their terms of conditions, Freedom Gold will report to at least one credit bureau. At this moment, they report to Equifax.

  • Can Downgrade to Starter Membership - As mentioned earlier, you can downgrade from the Regular Membership (with $25.95/m fee) to the Basic Membership ($6/m fee).


What We Don't Like About This Card - Can Only Be Used At Their Online Store

  • Can Only Be Used At thehorizonoutlet.com - This card is not a regular Visa or Mastercard and can only be used at their online store.

  • Monthly Fee - Though there is no annual fee and the APR is 0%, you do have to pay a monthly fee.


Freedom Gold Can Help Your Rebuild Your Credit

Many folks apply for the Freedom Gold Card not knowing that it can only be used at their online store and upon finding out, they claim this card is a scam. Well, as we have reviewed here, the Freedom Gold card is not a scam. In fact it is a legitimate card to help you rebuild your credit.

It is not a card for everyone. If you can get your hands on a secured credit card or an unsecured credit card, then you have no need for this card. But if you have been denied many rebuilder credit cards and cannot afford another hard inquiry on your credit report, then the Freedom Gold Card is an alternative because you will definitely be approved as there are no credit checks. All you need is a debit card. Since it reports to Equifax, this card can help jumpstart your rebuilding efforts until your scores are good enough for a better credit card.

The Freedom Gold Card is also great for those who want to increase their credit line and at the same time decrease their overall credit utilization ratio. This is one of the rare cards which has a track record of giving credit limit increases of up to $3,000 over time.

There are a couple of things you have to do to fully make use of this card. Firstly, you should downgrade your membership to a starter membership level for only $6/month rather than $14.77/m. You should also wait or call them up for a credit line increase. Many folks have gotten credit lines increased to $1,700 all the way to $3,000.. And to be honest, you do not even have to shop at their online store. Freedom Gold will report to Equifax anywhere from teh 10th to 15th of each month. If you can get your credit line increased to between $2,000 and $3,000 and just pay the starter membership of $6/month, then this card would have served it's purpose. You should then keep this card until you get a better regular unsecured credit card.

To sum up, we give the Freedom Gold Card a rating of 3.5/5 for it's easy approval, no credit checks and generous credit lines.


Additional Reading: Self - Credit Builder Account + Secured Visa

Application Page

Here is a screenshot of the Freedom Gold Card application page.
freedom gold application freedom gold application

On the next page, you will have to fill in your name, address, phone number, monthly pay, how often you are paid, your next pay date, your credit score range and whether you receive direct deposit. Once you submit this information, you will get the offer and confirmation. You will be instantly approved (within 60 seconds) once you submit your online application.

freedom gold application freedom gold application freedom gold application


FAQS


Customer Service Information

Mail

Horizon Card Services
P.O. Box 1275
Indiana, PA 15701

Customer Advocacy

1-800-837-4997
5 days a week from 8:30 a.m. until 9:00 p.m

Cancel Membership

1-800-251-6144
Monday through Friday from 8:30 a.m. to 9:00 p.m. EST, and Saturday from 9 a.m. to 4 p.m. EST (excluding holidays)
Or online at www.memberbenefitaccess.com.