menu-nav menu-nav

Absolute Gold Card
REVIEW

Advertiser Disclosure
Picture of Absolute Gold Card
star ratingstar ratingstar ratingno star ratingno star rating
Apply Here apply here
By : Mr Credit Card

What is the Absolute Gold Card?

The Absolute Gold Card is a catalog card that is issued by Unique Card Services (which also has a few other similar cards). You can only use these cards at their online store uniquecardoutlet.com. You will extended a credit line of $500 and the best thing about a card like this is that there are no credit checks or employent checks. That means that approval is guaranteed as long as you fill in the application forms correctly. You do have to pay a monthly membership fee (in return for some benefits). Your payments will also be reported to at least one credit bureau and this will help you to jump start your rebuilding efforts. Let us now take a close look at this card.
 

Card Details

Upfront Initial Payment Fee : $29.95

Monthly Fee : $19.95

Interest Rate : 0%

Minimum Payment : $25 or 15% of balance.

Late Fee : $10

As you can see from the details above, you have to pay some fees to join the Unique Card Services membership shopping portal. You have to pay an upfront fee of $29.95. After that, you have to pay a monthly fee of $19.95. For the fees that you pay, you get benefits like free roadside assistance and opportunities to get discounts from various merchants and services. The interest rate is 0% so you do not actually have to pay interest if you pay over time on your purchases. However, this is offset by the fees you have to pay.

You have to pay a minimum of $25 or 15% of your balance for your minimum payment. For example, if your balance is $50, then you have to pay $25 twice and you will end up paying down the balance in two cycles. If your balance is $200, then you will pay $30 as your minimum payment until the balance is paid off.

Another interesting thing about the card is that Absolute Gold Card will take your monthly payment either from a credit or debit card. So I think that essentially means that those of you who are in the Chex System should be able to get this card as long as you have a debit card.

Competition

Card Details
Absolute Gold Card Monthly Fee=$19.95
Upfront Fee=N.A.
APR=0%
No Credit Check
Reports to 1 Credit Bureau
Starting Limit=$500
Net First Platinum Monthly Fee=$24.95
Upfront Fee=N.A.
APR=0%
No Credit Check
Reports to 1 Credit Bureau
Starting Limit=$500
Freedom Gold Card Monthly Fee=$24.95
Upfront Fee=N.A.
APR=0%
No Credit Check
Reports to 1 Credit Bureau
Starting Limit=$500
Horizon Gold Card Monthly Fee=$24.95
Upfront Fee=N.A.
APR=0%
No Credit Check
Reports to 1 Credit Bureau
Starting Limit=$500
Unique Platinum Monthly Fee=$19.95
Upfront Fee=N.A.
APR=0%
No Credit Check
Reports to 1 Credit Bureau
Starting Limit=$1,000
Fingerhut Monthly Fee=$0
Upfront Fee=N.A.
APR=See Website*
Credit Checks
Reports to 3 Major Bureaus
Starting Limit=$200-$1,000

Pros and Cons

Pros

  • No Annual Fee
  • 0% APR
  • No Credit Checks and Employment Checks
  • $500 Starting Credit Limit
  • Reports to at least one credit bureau

Cons

  • Can only be used at thehorizonoutlet.com
  • Monthly Membership Fee

Our Take - Absolute Gold Can Help Start Rebuilding But There Are Better Cards

When your credit score has taken a real hit, I would recommend that you try to rebuild it as quickly as possible. The quickest way to do so is to get a credit card, use it responsibly by paying off your bills every month and rebuilding your score gradually.

Credit cards for those of you with really scores are not easy to come by. You should first consider getting a secured credit card. Some of you might not be so lucky and end up getting denied even for a secured credit card and even unsecured credit cards.

For those of you who have been denied a secured credit card, you might just want to consider a catalog card like the Absolute Gold even as a starter rebuilder. You plan should not be to keep this card forever, but instead, you can use this card to jump start your credit score until you can get a better card.

Though there is no annual fee and APR, you still need to pay 25% of any purchase you make. There is a membership fee that you have to pay though it does come with some benefits (which you may or may not find useful). If you have been denied numerous times and do not want another hard pull in your credit report, then perhaps this card might just fit the bill.