If you’re a frequent traveller looking for a credit card that offers solid rewards without the hefty price tag, the Axis Bank Horizon Credit Card might just be what you need. Designed to cater to the needs of travel enthusiasts, this card offers a range of benefits that can make your journeys more rewarding. In this Axis Bank Horizon credit card review, you will discover the key features, benefits, and fees to help you find if this card aligns with your spending habits.
Axis Bank Horizon Credit Card Features and Fees
| Feature | Details |
|---|---|
| Card Issuer | Axis Bank |
| Annual Fee | ₹3,000 + GST |
| Welcome Bonus | 5,000 EDGE Miles on first transaction of ₹1,000 or more within 30 days |
| Best For | Frequent travellers, both domestic and international |
Axis Bank Horizon Credit Card Key Benefits
Cashback/Rewards
The Horizon Credit Card offers a rewarding EDGE Miles program:
- 5 EDGE Miles per ₹100 spent on the Axis Travel EDGE portal and airline spends.
- 2 EDGE Miles per ₹100 on all other spends.
These miles can be redeemed at a 1:1 ratio with various travel and lifestyle partners, providing flexibility and value for your purchases.
Travel Benefits
- Airport Lounge Access: Enjoy up to 32 domestic and 8 international lounge visits annually.
- Fuel Surcharge Waiver: 1% waiver on fuel transactions between ₹400 and ₹5,000, capped at ₹400 per statement cycle.
Shopping/Partner Offers
- EazyDiner Discounts: Receive 25% off on dining bills at select restaurants when you spend a minimum of ₹2,500.
- Welcome and Renewal Benefits: Earn 5,000 EDGE Miles as a welcome bonus and 1,500 miles on card renewal.
EMI/Big Spend Perks
While the card doesn’t offer specific EMI options, the accumulated EDGE Miles can be redeemed for free hotel stays or flight upgrades, providing value for big spenders.
Axis Bank Horizon Credit Card Fees and Charges
- Joining Fee: ₹3,000 + GST
- Annual Fee: ₹3,000 + GST
- Interest Rate (APR): 3.5% per month (42% annual)
- Late Payment Fee: ₹100 to ₹1,300 depending on the outstanding amount
- Cash Withdrawal Fee: 2.5% of the cash amount (minimum ₹500)
- Foreign Currency Markup: 3.5%
Axis Bank Horizon Credit Card Pros and Cons
Pros
- High Rewards Rate: Earn up to 5 EDGE Miles per ₹100 spent.
- Extensive Lounge Access: Access to 32 domestic and 8 international lounges annually.
- Flexible Miles Redemption: 1:1 conversion with various travel and lifestyle partners.
- Welcome and Renewal Benefits: Attractive bonus miles on joining and renewal.
Cons
- High Annual Fee: ₹3,000 + GST may be steep for occasional spenders.
- No EMI Facility: Lacks specific EMI options for purchases.
- Limited Waivers: No waiver on the annual fee based on spending.
Who Should Apply for Axis Bank Horizon Credit Card?
Best for:
- Frequent travellers seeking value in lounge access and travel rewards.
- Individuals who regularly spend on travel bookings and airline purchases.
Not ideal for:
- Casual spenders who may not fully utilise the card’s benefits.
- Those looking for cards with extensive EMI options.
How to Apply for Axis Bank Horizon Credit Card
Eligibility Criteria:
- Applicants should be between 18 and 70 years of age.
- Must be a resident of India.
- A stable income source and good credit score are preferred.
Documents Required:
- Proof of identity (Aadhaar, Passport, etc.)
- Proof of address (Utility bill, Passport, etc.)
- Income proof (Salary slips, Bank statements, etc.)
Apply Online:
Visit the official Axis Bank website to check your eligibility and submit your application.
FAQs about Axis Bank Horizon Credit Card
Q1: Can I transfer my EDGE Miles to airline frequent flyer programs?
Yes, EDGE Miles can be transferred to various airline and hotel loyalty programs at a 1:1 ratio.
Q2: Is there a cap on the number of lounge visits?
Yes, the card offers up to 32 domestic and 8 international lounge visits annually.
Q3: How can I earn the welcome bonus miles?
Earn 5,000 EDGE Miles by making your first transaction of ₹1,000 or more within 30 days of card issuance.
Q4: Are there any dining discounts available?
Yes, enjoy 25% off on dining bills at select restaurants when you spend a minimum of ₹2,500.
Q5: What is the fuel surcharge waiver?
The card offers a 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000, capped at ₹400 per statement cycle.
Axis Bank Horizon Credit Card Verdict
The Axis Bank Horizon Credit Card stands out as a compelling choice for frequent travellers seeking value through rewards, lounge access, and travel benefits. While the annual fee may be a consideration, the card’s offerings provide substantial value for those who can fully utilise its features.
If you travel frequently and spend on airlines and travel bookings, this card can save you significantly on lounge access and earn you valuable miles for your next trip.
