Ask Roland a Question

Hi, I’m the site founder and I will personally answer your question within a business day.

By submitting this question you agree to our privacy policy.

Horizon Bank Visa Credit Card
Horizon Bank Visa Credit Card

Horizon Bank Visa Credit Card

Updated 26 November 2019

Purchase Rate (p.a)

4.99% p.a.

for 5 months. Reverts to 12.95% p.a.

Balance Transfer (p.a)

N/A  

Annual Fee (p.a)

$0

$0 over 0 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • No annual fee
  • Special interest rate of 4.99% p.a. for the first 5 months
  • 12.95% p.a. ongoing interest rate
  • Up to 55 days interest free on purchases
  • Eligible with payWave, Apple Pay, Google Pay and Samsung Pay

  • No introductory balance transfer offer

Creditcard.com.au review

Editor Review

Horizon Bank Visa Credit Card

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. about this card.

The Horizon Bank Visa Credit Card

Currently offering a special rate of 4.99% p.a. on purchases and balance transfers for five months, the Horizon Bank Visa Credit Card could help cardholders save on day-to-day spending, while making it easier to pay down existing credit card debt. As an award-winning card, it focuses on saving cardholders money, providing a low ongoing interest rate with no annual fee.

What we love...

The Horizon Bank Visa Credit Card is made to be a money-saver, pure and simple. And it does this pretty well. Recognised within the industry, this card received a Gold award for Best Transactor Credit Card 2018 in Money magazine’s ‘Best of the Best’ Awards, while also being recognised by Canstar, getting a five-star rating as a Low Fee Credit Card in 2018.

So, what does it have to offer you? First of all, let’s look at that intro offer. As a new cardholder, you can benefit from a special rate of 4.99% p.a. on purchases and balance transfers for five months from card approval. This can work well for cardholders who have credit card debt that they want to pay down, or for those who want to save on interest on new card spending.

After the intro period ends, it’s nice to see the card reverts to a low rate, which covers both purchases and cash advances. In terms of balance transfers, this can make it easier on cardholders who don’t manage to clear their transferred balance, as their balance will revert to the card’s low rate. On a more expensive card, that balance would start accruing interest at a much higher rate, making it more difficult to pay off.

Even without a balance transfer to pay off, this can be a great card to have in your wallet in the long term. That low rate can help keep costs down for cardholders who carry a balance, allowing them to pay off more of their balance as they pay less in interest. For cardholders who clear their balance each month, they can benefit from up to 55 days interest free on purchases.

However, what really stands out on the Horizon Bank Visa Credit Card is the fact that this card does not charge an annual fee. If you clear your balance to keep your interest costs at zero, you are essentially enjoying access to credit for free, while enjoying handy features such as Apple Pay, Samsung Pay and Google Pay compatibility.

What’s not so great...

While the intro offer on the Horizon Bank Visa Credit Card is good, there are other offers out there that are better. If you are serious about paying down your credit card debt, you may want to look for a 0% balance transfer offer instead. However, it is worth bearing in mind that this card provides this offer while charging no annual fee, so it’s important to take that into account when comparing the options.

Why should you choose this card?

When you apply for the Horizon Bank Visa Credit Card, you become part of a mutual. As a member, you can enjoy personalised service and all that comes with banking with a smaller financial institution. Banking with a mutual also means you can enjoy lower rates – and no annual fee on this card – helping you to keep costs down.

While it may not work for cardholders looking for fancy features or rewards, it could work well for those who want to save money both in the short term and long term.

Overall Rating

With no annual fee and a low ongoing interest rate, the Horizon Bank Visa Credit Card provides even more money-saving with a special rate of 4.99% p.a. on purchases and balance transfers for five months.

User reviews

Horizon Bank Visa Credit Card ( based on 1 Creditcard.com.au user review )

72% rating based on 1 review

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates



Purchase rate 12.95% p.a.

Introductory purchase rate 4.99% p.a. for 5 months

Cash advance rate 12.95% p.a.

Interest free period on purchases up to 55 days

Credit limits

Minimum credit limt $1,000

Maximum credit limit N/A

Fees & repayments

Annual fee $0 p.a.

Additional card holder fee N/A

Foreign transaction fee N/A

Minimum repayment

Cash advance fee N/A

Late payment fee N/A

Additional features

Complimentary insurance

International Travel Insurance No

Flight Inconvenience Insurance No

Transit Accident Insurance No

Smartphone Screen Insurance No

Purchase Protection Insurance No

Extended Warranty Insurance No

Rental Vehicle Excess In Australia Insurance No

Overview

Horizon Bank Visa Credit Card

Key features

  • No annual fee
  • Special interest rate of 4.99% p.a. for the first 5 months
  • 12.95% p.a. ongoing interest rate
  • Up to 55 days interest free on purchases
  • Eligible with payWave, Apple Pay, Google Pay and Samsung Pay

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • Permanent Resident or Australian Citizen

  • You have your personal details ready to complete the online application

Roland B Bleyer

Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

(showing the latest 10 Q&As)

Similar Credit Cards

ANZ Low Rate Credit Card

58 reviews
$0 saved over 15 months

NAB Low Rate Credit Card

26 reviews
$0 saved over 6 months
Help us improve

By submitting this feedback you agree to our privacy policy.

My credit card is not listed

By submitting this form you agree to our privacy policy.