Key takeaways
- The Merit Platinum Card offers a $750 credit limit with no credit or employment checks, making it accessible for those with bad or limited credit.
- The card includes valuable benefits like 0% APR, no annual fees, and additional perks such as prescription savings and free roadside assistance.
- While the card is easy to be approved for, users should consider the $14.77 monthly fee and its limited usability at theHorizonOutlet.com.
Boost your shopping power with the Merit Platinum Card. This merchant card offers an impressive initial credit limit of up to $750, providing you with a substantial amount to start with. You can get this high limit without undergoing an employment or credit check.
Whether you have a poor credit score or no credit history at all, this card is accessible and will let you charge purchases.
Let’s explore how the Merit Platinum Card can be the perfect solution.
What we like about the Merit Platinum Card
Instant Access to Credit
Applying for the Merit Platinum Card is a quick and straightforward process designed to give you instant access to credit. The application process is streamlined, allowing you to apply in no time at all.
Once you submit your application, you’ll receive a prompt response letting you know if you’ve been approved right away. Merit Platinum is committed to making it easy for you to get approved.
No Credit History? No Worries
One of the standout features of the Merit Platinum Card is its accessibility for people with limited or poor credit histories. Unlike traditional credit cards, which often require a thorough credit check, the Merit Platinum Card does not require one at all.
No Job, No Problem
In addition to not requiring a credit check, the Merit Platinum Card also does not require an employment check. This feature makes the card accessible to a wider range of applicants, including those who may be unemployed or have irregular employment situations. By removing these barriers, Merit Platinum ensures that more people have the opportunity to access credit.
Try Before You Commit
The Merit Platinum Card offers a unique and customer-friendly feature that sets it apart from other credit cards: a 7-day trial period. This allows you to test out the card and see if it meets your needs and expectations without any commitment. During this trial period, you can experience the card’s benefits and features firsthand, ensuring it aligns with your financial goals.
If, for any reason, you decide that the Merit Platinum Card isn’t the right fit for you, you can easily cancel within the 7-day period without incurring any fees. This risk-free trial period underscores the card’s flexibility and the company’s confidence in its product, providing you with peace of mind as you make your decision. What other credit card offers you the opportunity to try it out before fully committing?
Reach New Heights with a Credit Limit Increase
As a Merit Platinum cardholder, you’ll start with an impressive initial credit limit of up to $750. However, the benefits don’t stop there. This card offers you the opportunity to increase your credit limit over time, providing greater financial flexibility and purchasing power.
To qualify for a credit limit increase, demonstrate that you’re a responsible cardholder by consistently paying your bills on time and keeping your credit utilization ratio low, ideally below 30% of your available credit.
Get a 0% APR & No Annual Fees
One of the standout features of the Merit Platinum Card is its 0% APR, which means you won’t be charged any interest on your purchases. This is particularly beneficial for cardholders as it eliminates the worry of accumulating interest on unpaid balances, making it easier to manage and pay off your debt. Whether you’re making large purchases or simply using the card for everyday expenses, the 0% APR ensures that you can focus on repaying your principal balance without the added burden of interest charges.
Additionally, the Merit Platinum Card comes with no annual fees, making it an even more attractive option. Many credit cards aimed at consumers with low scores charge annual fees. These annual fees eat into your available credit limit and add to your financial obligations. With the Merit Platinum Card, you won’t have to worry about these extra costs, allowing you to maximize the full benefits of your credit limit.
Easy Approval and Good Products
“Very good prices and quality merchandise that doesn’t take long to get approved for.” Willie B., Supermoney ReviewEnhanced Data Security
Protecting your personal information is crucial in today’s digital age, where data breaches and identity theft are increasingly common. The Merit Platinum Card prioritizes your security by including My Privacy Protection, a comprehensive service that offers robust identity theft protection and monitoring. With My Privacy Protection, you can rest assured that your personal information is being safeguarded around the clock.
This service actively monitors your credit report and alerts you to any suspicious activity or potential threats, enabling you to take swift action to protect your identity. In the event that your personal information is compromised, My Privacy Protection provides expert assistance to help you navigate the recovery process and minimize any potential damage.
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In addition to monitoring, My Privacy Protection includes features such as credit report access, which allows you to stay informed about changes to your credit profile. This proactive approach helps you maintain control over your financial information and prevents unauthorized access.
By choosing the Merit Platinum Card, you are not only gaining a valuable financial tool but also investing in enhanced data security measures. This added layer of protection ensures that your identity and personal information remain secure, giving you peace of mind in an increasingly digital world.
Exclusive Shopping Power
The Merit Platinum Card offers exclusive shopping power, designed specifically for use at theHorizonOutlet.com. As a cardholder, you gain access to a wide array of high-quality products available only through this online retail store.
The Horizon Outlet features an extensive selection of items, ensuring there’s something for everyone. Whether you’re looking to update your wardrobe with the latest fashion trends, enhance your home with stylish décor and essential goods, find fun and educational toys for children, or upgrade your tech with cutting-edge electronics, theHorizonOutlet.com has you covered.
This exclusivity not only ensures a unique shopping experience but also provides you with the opportunity to take advantage of special deals and promotions available only to Merit Platinum cardholders. The curated collection of products at theHorizonOutlet.com is designed to meet a variety of tastes and needs, making it a convenient and comprehensive shopping destination.
Furthermore, using your Merit Platinum Card at theHorizonOutlet.com can help you manage your finances better. By focusing your spending on this single platform, you can more easily track your purchases and maintain control over your budget. This dedicated retail card encourages responsible spending habits while providing you with the exclusive benefits of shopping from a trusted and diverse online store.
Merit’s Membership Benefits
The Merit Platinum Card offers a host of additional benefits designed to help its members save money and enjoy greater convenience.
Prescription Savings at Your Fingertips
Healthcare expenses can be a significant burden, but with the Merit Platinum Card, you can alleviate some of that stress through the My Universal RX program. This program provides substantial discounts on prescription medications at participating pharmacies. By using your Merit Platinum Card, you can easily access these savings and manage your healthcare costs more effectively.
Free Roadside Assistance
Another valuable benefit of the Merit Platinum Card is the inclusion of free roadside assistance. Whether you encounter a flat tire, need a jump start, or require towing services, Merit Platinum’s roadside assistance program is there to help. This service offers peace of mind, ensuring that you are never stranded or left to deal with vehicle issues on your own. The convenience and security provided by this benefit can be a significant relief during unexpected car troubles.
Legal Assistance When You Need It
Legal matters can be complex and costly, but Merit Platinum cardholders have access to My Legal Assistance, a service that provides guidance on a wide range of legal issues. Whether you need help with contracts, family law, or other legal matters, this service offers expert advice without additional expenses. This benefit ensures that you have the support you need to navigate legal challenges confidently.
What to Watch out for with the Merit Platinum Card
Manageable Monthly Fee
The Merit Platinum Card comes with a membership fee of $14.77 per month, which translates to an annual cost of about $177.24. This fee is higher compared to some other credit cards on the market, making it essential for potential cardholders to evaluate their financial situation and usage habits. While this monthly fee may not be ideal for individuals on a tight budget or those who do not plan to use the card frequently, it’s important to consider the range of benefits that come with the Merit Platinum Card.
For many, the value of the card’s features—such as 0% APR, no annual fees, exclusive shopping power, and additional perks like prescription savings, free roadside assistance, and legal assistance—can outweigh the monthly fee. These benefits can provide significant savings and convenience, making the card a worthwhile investment for those who can fully utilize them.
However, it’s crucial to assess whether these advantages align with your personal financial goals and needs. If you anticipate frequent use of the card and take advantage of its various programs, the membership fee can be a manageable and justifiable expense. Conversely, if the card’s offerings do not match your requirements, it might be better to explore other options with lower fees. Carefully weighing the card’s benefits against its cost will help you make an informed decision about whether the Merit Platinum Card is the right fit for you.
Minimum Monthly Payment
While there are no interest charges or annual fees, Merit does still charge a minimum monthly payment. This is either 10% of the Horizon Outlet Account balance or $25 (or the entire Horizon Outlet Account balance if it’s less than $25)—whichever is greater. Every credit card charges a minimum monthly payment, so this is no surprise.
Limited Usability
Another aspect to watch out for is the card’s limited usability. The Merit Platinum Card can only be used at theHorizonOutlet.com, restricting your purchasing options to the items available in their online catalog. This limitation means that if you’re looking for a versatile card that you can use at various retailers, the Merit Platinum Card may not meet your needs.
No Rewards
Additionally, since the card is geared towards those with limited or poor credit, it may not be the best fit for individuals with established credit who are looking for rewards or cash-back programs. The lack of interest charges is a plus, but it’s important to maintain responsible spending habits to avoid overextending yourself financially.
Bottom line
The Merit Platinum Card isn’t your average credit card; it’s a unique retail card offered by Horizon Financial Services, providing exclusive access to its online catalog. Think of it as a VIP pass for an enhanced shopping experience.
The standout features of the Merit Platinum Card include that it offers an initial credit limit of up to $750 and charges no interest on purchases. The 0% APR makes it easier to manage your finances without the worry of accumulating interest charges.
Additionally, the card does not require a credit check, making it accessible to those with limited or poor credit histories. The application process is straightforward and quick, offering instant approval in many cases.
Furthermore, the Merit Platinum Card comes with a variety of membership benefits, such as discounts on prescription medications, free roadside assistance, and legal assistance. These additional perks add significant value to the card, enhancing your overall financial well-being.
In summary, the Merit Platinum Card is an excellent choice for those looking to improve their credit while enjoying exclusive shopping benefits. Its combination of a high credit limit, no interest charges, and accessibility make it a standout option.
