First off, this is NOT a Visa, Mastercard, Discover, or American Express card. This card can only be used on the company's proprietary website, and you can find most of the products elsewhere for less. That being said, it does report to Transunion, and does help improve your credit score, just by having an open and active tradeline. It costs $24.95 per month for your "member benefits", and the initial $5.00 fee(plus the first $24.95) to set up the account. Compare that to the credit cards that charge you $225 to "set up" your account, then the monthly fees, then th 30% interest rate. I would recommend getting this card to build your credit by having the tradeline reported, but I would not recommend USING it... Say you see an item for $18, there is a "shipping fee" of $12, and a processing fee of $4, both of which you have to pay up front, then the $18 for the item is financed through your credit line... You can get the same item on... let's say Amazon(the site I checked) for $14.98 including shipping! Never bought anything with it and never will, but it looks freaking FANTASTIC on my credit report- 29 months, never late, and a $3000 limit(they raised it after 6 months). Oh, and a tip: Horizon only reports to Transunion, so after a few months write to Experian and Equifax requesting they add the card to your reports with them, as well.
Most Helpful Positive Review
Most Helpful Negative Review
The card is a rip off and run by scammers.
It does warn people in the fine print that it is not a Visa or MC. Most people probably do not even look at this. The site does try and hide it as well.
The owners of this company are veterans of the credit card financial game and have done this type of card before, this has been confirmed. They were part of the USA credit scam that was from Pennsylvania also.
They will spam you. They will try and charge you the monthly fee after you have cancelled. Several months after the cancellation too that I found out.
Everyone I spoke too at the company had full access to my social sec number , credit card info, and more. I found this very disturbing. Even after I had canceled. I guess this is how they charged me four months after I cancelled.
When I looked more up on this company, Reliant Holdings from Indiana, PA, I saw that the owner of this firm has bought his way into his local banks board and even his states financial board to protect his company's bank account from customer complaints and refunds. I guess this is the way these scammers work, pay off people to get thier way. They have their employees post fake positive reviews about them too.
If you are a customer , I would recomend to cancel ASAP before you get charged the monthly fee. Once this process starts you can't escape without changing your credit card number. File a chargeback with your bank to get back all of your money.
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