If your clients fall into any of the above categories or if you believe you can target these types of clients by utilizing online and off-line advertising methods, you can benefit greatly from the Referral Program. Back to Top How does the HorizonPlus Secured MasterCard Credit Card Work?
• The HorizonPlus secured MasterCard credit card is a regular MasterCard that requires its limit to be funded with an initial security deposit. The minimum deposit is $500, the maximum is $25,000. • Your client’s security deposit is kept in a GIC account that currently earns 0.50% annual interest while they use the line of credit on the HorizonPlus Secured MasterCard Card. • The limit of the HorizonPlus Secured MasterCard Card is equal to 100% of your client’s original security deposit. Your client can increase the limit later by adding more funds to their GIC account. (limit increases must be done in increments of $100) • HorizonPlus reports your client’s payments to both the Equifax and TransUnion credit bureaus which means that as long as the card holder is making the required minimum payments on a timely basis, they are building a good credit rating. • Your client’s security deposit will be locked into a GIC account as long as their MasterCard account is open. Your client receives
Related Questions
- If your clients fall into any of the above categories or if you believe you can target these types of clients by utilizing online and off-line advertising methods, you can benefit greatly from the Referral Program. Back to Top How does the HorizonPlus Secured MasterCard Credit Card Work?
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