Spending power is the total amount you have available for purchases.
Horizon Hobby Credit Card with rewards:
Your spending power is calculated based on a combination of the following:
- Credit limit - how much you can spend on your Rewards card.
- Card Account balance - the current balance of your credit line. Some transactions may not appear in your card balance until the transaction settles.
- Pending transactions - typically take a few days to settle, after which your account will reflect your new Card Account balance.
Horizon Hobby Rewards Card:
Your spending power is calculated based on a combination of the following:
- Linked account limit - how much you can spend instantly from your linked bank account. There is a maximum account limit, which is viewable in the app.
- Your cash balance - how much money you currently have deposited in your Imprint account. It may include money from refunds, statement credits, or any one-time payments you’ve made.
- Pending transactions - until they settle your pending transactions will cause spending power to decrease and will typically clear within a few days.