Axis Bank Horizon Credit Card
The Axis Bank Horizon Credit Card is a good option for people who travel often and want to earn rewards on their spending. It has a joining and yearly fee of ₹3,000 plus taxes and offers useful benefits like free airport lounge access and reward points on every purchase. You can earn 2 to 5 EDGE Miles for every ₹100 spent and get around 5 percent value back when booking travel through Travel Edge.
This card comes in two versions to match different needs. One gives 6 free domestic lounge visits while the other offers 8 visits. It also lets you redeem EDGE Miles at a 1:1 rate with travel partners, making it flexible and valuable. You also get extra benefits like international lounge access, dining discounts, and fuel surcharge savings, making it a comfortable choice for frequent travelers.
Rewards and Benefits
Fees & Charges
What should you consider before applying for a credit card in India?
Key Considerations Before Applying for a Credit Card in India:
- Eligibility Criteria: Ensure you meet the eligibility requirements, which typically include age, income, credit score, and employment status as defined by the issuing bank or financial institution.
- Credit Score: A strong credit score can significantly improve your chances of approval and result in more favorable terms, such as lower interest rates or higher credit limits. Verify that your credit score is healthy before applying.
- Interest Rates and Fees: Compare the annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction charges associated with various cards. These costs can vary widely and impact the overall value of the card.
- Rewards and Benefits: Evaluate the rewards, cashback, discounts, or other perks offered by the card to ensure they align with your spending patterns. Some cards may provide better benefits in specific categories, such as travel, shopping, or dining.
- Credit Limit: Review the credit limit offered by the card to ensure it meets your financial needs. Avoid applying for cards with excessive limits if you are concerned about managing debt, as this can lead to higher interest charges.
- Repayment Terms: Understand the repayment structure, including the minimum payment amount, payment due dates, and any associated penalties. Being clear about these terms can help you manage payments effectively and avoid interest buildup.
- Card Type and Features: Choose a card type that matches your specific needs—whether standard, premium, or specialized cards like those offering travel rewards or dining privileges. Ensure the features of the card align with your lifestyle and spending habits.
- Bank’s Reputation: Opt for a financial institution with a proven reputation for customer service and transparency. Consider researching customer reviews and assessing their support channels to ensure reliable service.
- Hidden Charges: Be aware of any hidden fees, including annual fees, balance transfer charges, foreign transaction fees, or cash withdrawal charges. These can add up over time and affect the overall cost-effectiveness of the card.
- Credit Utilization: Maintain a balance within your credit limit to avoid high credit utilization ratios, which can negatively impact your credit score. Responsible use of credit is essential for maintaining financial health.
- Long-Term Financial Plans: Consider how the credit card fits into your overall financial strategy. Avoid accumulating unnecessary debt and choose a card that supports your long-term financial goals without adding financial strain.
Axis Bank Horizon Credit Card: Simple Guide, Benefits & Review
The Axis Bank Horizon Credit Card is a travel credit card made for people who travel often. It helps you earn rewards when you spend money, especially on flights and hotels. Along with this, you also get airport lounge access and flexible reward usage.
This card is a good option for salaried people, business owners, and frequent travelers who want travel benefits without paying very high fees. The rewards system is simple, so even beginners can easily understand how it works.
Welcome and Yearly Benefits
When you start using this card, you get a welcome bonus. You also get yearly benefits if you continue using it.
- Earn 5,000 EDGE Miles after spending ₹1,000 within the first 30 days
- Get 1,500 EDGE Miles every year on renewal
- Rewards can be used for flight and hotel bookings
These benefits help you start earning rewards quickly and continue getting value every year.
Reward System Explained
The card gives more rewards on travel and normal rewards on other spending.
| Type of Spending | Reward Rate |
|---|---|
| Travel bookings (flights, Travel Edge) | 5 EDGE Miles per ₹100 |
| Other purchases | 2 EDGE Miles per ₹100 |
This makes it a strong choice for people who spend more on travel.
Real Example: How You Earn and Save
If you book a flight worth ₹20,000, you can earn around 1,000 EDGE Miles. These points can later be used to reduce the cost of your next booking. If you travel multiple times in a year, these rewards can add up and help you save a good amount on future trips.
Where Rewards Are Not Given
Like most credit cards in India, some payments do not give rewards.
- Fuel payments
- Rent payments
- Wallet loading
- Insurance and utility bills
This is normal and similar across many cards.
How to Use EDGE Miles
Using your rewards is simple and flexible. You can book flights and hotels through the Travel Edge platform or transfer your points to airline and hotel programs.
The best part is the 1:1 conversion, which means 1 EDGE Mile equals 1 partner point. This makes it easy to calculate and use your rewards.
Travel Benefits and Lounge Access
One of the best features of this card is airport lounge access. It makes your travel more comfortable, especially during long waits. You get free domestic lounge visits every year, and up to 8 international lounge visits annually. These benefits help improve your overall travel experience.
Fuel Savings and Daily Use
The card also gives a 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000. You can save up to ₹400 per month. While this is not a big amount, it still helps reduce everyday costs.
Extra Benefits That Add Value
Apart from travel rewards, the card also gives extra benefits like dining discounts and safety features.
You can get discounts on dining through partner platforms, which helps save money when eating out. The card also provides insurance cover in case of loss or misuse, giving peace of mind.
These small benefits make the card useful not only for travel but also for daily lifestyle spending.
Why This Credit Card is Useful in India
Travel is becoming more common in India, whether for work, holidays, or family visits. Many people book flights online, and this card gives higher rewards on such bookings. This means you can save more while traveling.
Also, instead of using multiple cards, this single card can handle both travel and regular spending, making it practical for everyday use.
Is This Card Right for You?
If you travel a few times a year and spend on flights or hotels, this card can be very useful. It gives good rewards and improves your travel experience. However, if your spending is mostly on groceries, bills, or fuel, then you may not get the full benefit of this card.
Axis Bank Horizon Credit Card Review
The Axis Bank Horizon Credit Card is a balanced travel credit card in India. It offers good rewards on travel spending, easy redemption, and useful benefits like lounge access. Overall, it is a great option for people who want a simple, easy-to-use travel credit card with decent rewards and reasonable fees.
What special offers can you get with the Axis Bank Horizon Credit Card?
You can enjoy special offers every Wednesday, including a 15% discount on flights and hotel bookings via Goibibo and MakeMyTrip. Plus, get 10% off on purchases from Swiggy, Amazon Fresh, and Tira.
How much does cash withdrawal cost using this credit card?
The card charges a 2.5% fee on cash withdrawals, with at least ₹500 being charged. Also, interest begins right away without any free period.
Are there any late payment charges?
Yes, for an outstanding balance of ₹9,774, you will be charged ₹750 as a late fee.
What charges apply for international transactions?
A 3.5% extra charge is added to all purchases made in foreign currency.
Who can apply for the Axis Bank Horizon Credit Card?
Applicants must be between 18 and 70 years old, with eligibility determined by factors like income and credit history.
What are the annual benefits for spending ₹1.6 lakh?
You can earn up to ₹8,000 in Accelerated EDGE Reward Points for an annual spend of ₹1.6 lakh.
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