Is the Freedom Gold Card worth it? Not if you want to build credit | October 2018

Freedom Gold Card review – October 2018

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

This expensive card could be a poor choice if you’re trying to build credit.

  • Get this card if… you want to shop at the Horizon Outlet.
  • Pick something else if…you don’t want to shop at the Horizon Outlet or you’re trying to build credit.
Product NameFreedom Gold Card
Card TypeStore card
Cash Advance FeeNone
Late Payment Fee$20
Returned Payment Fee$25
Rates & FeesRates & Fees
Minimum Age18 years of age

The basics

At first glance, the Freedom Gold Card seems like a solid choice. You can get it relatively easily because it requires no credit check, income verification or employment details.

Unfortunately, the card is expensive. On approval, you’re automatically enrolled in the Horizon Card Services membership plan, which costs $24.95 a month. Over a year, that’s $299.40 — a high price for any credit card.

What services come with the Horizon Card Services membership plan?

Horizon Member Benefits includes:

  • My Privacy Protection.
    Access your credit report.
  • My Universal RX.
    Receive 40% off eligible prescriptions and medications at participating pharmacies.
  • My Roadside Protect.
    Get access to towing, fuel delivery, lockout service and flat-tire change service.
  • My Legal Assistance.
    Get access to legal help, including a 30-minute consultation with a legal professional.

Use the Freedom Gold Card at Horizon Outlet

The card comes with an unsecured credit line of $500. But you can use this card only at Horizon Outlet, an online retailer. There you’ll find such items as:

  • Women’s, men’s, kids’ and baby apparel.
  • Bed, bath and kitchen products.
  • Toys and seasonal items.
  • Auto finance and prepaid or secured cards.

You’ll get 0% APR on everything you buy with the card. However, watch out for a $2.50 delivery signature fee and $2 residential delivery fee for each of your purchase shipments.

Should I get the Freedom Gold Card to build credit?

The Freedom Gold Card claims to help its cardholders rebuild their credit. But if you’re trying to build credit, you have better options: The card’s monthly fee can get expensive, and the provider reports your payment history to only one major credit bureau.

Look for a secured credit card instead. You can find one that’s relatively easy to be approved for and that reports your payment history to all three major credit bureaus. If cost is a concern, look for a secured card with a low deposit.
The best secured credit cards of 2017

The perks

  • $500 credit limit.

You’ll receive a $500 credit line to spend on Horizon Outlet purchases.

  • Easy approval.

Credit checks, income requirements or employment requirements aren’t required to get the Freedom Gold Card.

  • No interest.

You’ll receive 0% APR on all purchases.

  • Horizon Card Services monthly membership benefit plan.

The membership plan includes benefits and discounts on your credit report, prescriptions, roadside assistance and legal help.

You’ll also like

  • Reporting to at least one credit bureau.
    The Freedom Gold Card can help you raise your credit score with responsible use.

What to watch out for

  • Card valid only at Horizon Outlet.
    The Freedom Gold Card is a store card that can be used only to shop from the online Horizon Outlet catalog.
  • Automatic membership enrollment.
    After you open the card, you’ll start paying $24.95 a month for the Horizon Card Services membership.
  • Card issuance and account validation fee.
    When you open your account, you’re charged a one-time $5 fee.
  • Shipping and processing fees.
    Before your Horizon Outlet items are shipped, you’ll pay a $2.50 delivery signature verification fee and $2 residential delivery fee.
  • Minimum monthly payment.
    Most credit cards charge only a few dollars for minimum monthly payments. With the Freedom Gold Card, you must pay at least 10% of your balance each month.
  • Fees for returned or NSF payments.
    You’ll pay up to $25 per infraction.
  • Fees for late payments.
    Late payments cost $20 each.

Consider other cards if…

  • You’re not interested in the Horizon Outlet. Consider another card for your preferred stores. If you want a card you can use elsewhere, considered a general credit card.

What should I know before I apply?

To apply for the Freedom Gold Card, you must be at least 18 years old. You must also have an active US credit card, debit card or checking or savings account.

Information you’ll need

  • Your full name and contact information
  • Your income details
  • Debit or credit card information

What credit score do I need?

Because the Freedom Gold Card requires no credit checks, you can qualify with any credit score.

How to apply for the Freedom Gold Card

1. Go to the Freedom Gold Card website. Enter your email and ZIP code, and click Continue Activation.
2. Enter your full name, contact information and income details.
3. Enter your debit or credit card information and click Activate My Card Now to complete your application.

I got the card. Now what?

  • Keep up with payments. Your minimum monthly payment is at least 10% of your current balance.
  • Avoid fees. Late and returned payments cost up to $25.
  • Customer service. For support, you’re limited to calling Horizon Member Services at 1-800-251-6144 weekdays during business hours.

Bottom line

The Freedom Gold Card allows you to shop at the Horizon Outlet, an online retailer, with 0% APR. However, given a required monthly membership fee, it’s expensive. While it claims to help those with poor credit rebuild their financial histories, you’re better off looking for a secured credit card.
See more store credit cards

Frequently asked questions

Images: freedomgoldonline.com/a/fees.php

Kevin Joey Chen

Kevin Chen is a world-travelin', copy-writin', Game of Thrones-watchin' credit cards writer for finder.com. When he's not crunching the numbers on bonus points and comparing APRs, you can find him flying around the world in search of the perfect beer.

Was this content helpful to you? No  Yes

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Privacy and Cookies Policy and Terms of Use.

2 Responses

  1. Default Gravatar
    ChristopherOctober 9, 2018

    What is the customer service number for freedom gold credit card please

    • finder Customer Care
      joelmarceloOctober 10, 2018Staff

      Hi Christopher,

      Thanks for leaving a question on finder.

      For support, you can call Horizon Member Services at 1-800-251-6144 weekdays during business hours.

      Please send me a message if you need anything else. :)

      Cheers,
      Joel

Go to site