Axis Bank HORIZON Credit Card

Axis Bank has introduced new cards to replace existing Citi credit cards, including the Axis Bank Horizon credit card, which will substitute the Citi PremierMiles credit card. This credit card comes at a joining and annual fee of Rs.3000 plus GST (Goods and Services Tax). The card enables users to earn EDGE Miles on spendings at 2 to 5 EDGE Miles per Rs.100 spent. The Axis Horizon card also provides complimentary airport lounge access, EazyDiner discounts, and a fuel surcharge waiver. Read on to know every detail about the card including benefits, rewards, and features of the Axis Bank Horizon credit card.

axis bank horizon credit card

Features and Benefits of Axis Bank HORIZON Credit Card

The following is the list of significant features and benefits of Axis Bank HORIZON credit card:

  • Welcome benefit: On the first transaction greater than or equal to Rs.1000 within 30 days of card issuance, then the card will offer 5000 EDGE Miles credited.
  • Renewal Benefit: On completion of anniversary year, the card offers 1500 EDGE Miles worth Rs.1,500.
  • Accelerated Reward: On every Rs.100 spent on Axis Bank Travel EDGE portal and direct airline websites; the card offers 5 EDGE Miles.
  • Base Reward: On spending on all other categories, the card offers 2 EDGE Miles per Rs.100.
  • Fuel surcharge waiver: Fuel transaction between Rs.400 to Rs.5000 (maximum capping of Rs.400 per statement month), the card offers 1.00% fuel surcharge waiver.
  • Lounge access: The card offers international airport lounge access, 8 Complimentary domestic airport lounge visits for VISA card and 6 complimentary visits for Mastercard per calendar quarter.
  • Discounts on EazyDiner: On a minimum order value of Rs.2,500, the card offers 25% instant discount on dining via EazyDiner with HORIZON Credit Card and maximum discount is capped at Rs.800 per month.
  • Insurance cover: Offers Rs.10 lakh as lost card liability cover

Fees and Charges of Axis Bank HORIZON Credit Card

Understanding the fees associated with your credit card is important. Below is a simplified breakdown of the charges for the Axis Bank HORIZON Credit Card.

Fee Category

Fee Amount

Joining Fee (Primary Card / Add-on)

₹3,000 + GST / Nil

Annual Fee (Primary Card / Add-on)

₹3,000 + GST / Nil

Penalty & Interest Charges

Charge Type

Details

Late Payment Charges

• Up to ₹500: Nil• ₹501 - ₹5,000: ₹500• ₹5,001 - ₹10,000: ₹750• Above ₹10,000: ₹1,200

Finance Charges (Interest)

3.60% per month (52.86% annually)

Over Limit Fee

2.5% of the over-limit amount (Minimum ₹500)

Returned Payment Fee

2% of the payment amount (Min. ₹450, Max. ₹1,500)

Transaction & Service Fees

Charge Type

Details

Cash Advance Fee

2.5% of the transaction amount (Minimum ₹500)

Foreign Currency Transaction

3.50% of the transaction value

Rent Surcharge

1% of the transaction value (capped at ₹1,500)

Fuel Surcharge Waiver

1% waiver on transactions from ₹400 to ₹5,000 (up to ₹400/month)

Card Re-issue / Statement Request

Nil

Cash Deposit at Branch

₹100 per deposit

DCC Markup Fee

1% on international transactions made in Indian currency

Note:

  • Any fees or charges levied by the ATM acquiring bank or ATM service provider may be included in case the international cash withdrawal amount is billed after conversion to INR via DCC (dynamic currency conversion).
  • A foreign currency mark-up of 3.50% on the INR equivalent of the US Dollars will be levied for international transactions in US Dollars.

Eligibility Criteria

Here are eligibility criteria to apply for Axis Bank HORIZON credit card:

  • Applicant must be Indian resident
  • The age limit of the primary cardholder should range between 18 to 70 years

Documents Required

The following is the list of documents required to apply for Axis Bank HORIZON credit card:

  • Identification proof, such as photocopy of PAN card or colored photograph
  • Income proof, such as latest pay slip, IT Return, Form 16, or Form 60

Note: The documents required may vary from one case to another.

Transfer Partners of Axis Bank Horizon Credit Card

Axis Horizon cardholders have access to all transfer partners available to Magnus, Atlas, and Reserve cardholders. The total EDGE Miles transferable to partner points in a calendar year is capped at 1.5 Lakh EDGE Miles per customer ID. Additionally, a maximum of 1 Lakh EDGE Miles can be transferred to Group A partners and 4 Lakh EDGE Miles to Group B partners annually. This sub-cap applies only to the Horizon card. However, you can hold multiple Axis or HDFC cards and pool miles into partner accounts.

Group

Transfer Partner and Program

Conversion RateEDGE Miles: Partner Miles

A

Accor: ALL

1:1

A

Air Canada: Aeroplan

1:1

A

Ethiopian Airlines: ShebaMiles

1:1

A

Etihad Airways: Etihad Guest

1:1

A

Japan Airlines: JAL Mileage Bank

1:1

A

Marriott International: Marriott Bonvoy

1:1

A

Singapore Airlines: KrisFlyer

1:1

A

Turkish Airlines: Miles&Smiles

1:1

A

Thai Airways: Royal Orchid Plus

1:1

A

United Airlines: United MileagePlus

1:1

A

Wyndham Hotels & Resorts: Wyndham Rewards

1:1

B

Air India: Flying Returns

1:1

B

Air Asia: airasia rewards

1:1

B

Air France - KLM: Flying Blue

1:1

B

Air Vistara: Club Vistara

1:1

B

IHG Hotels & Resorts: IHG One Rewards

1:1

B

ITC: Club ITC

1:1

B

Qantas Airways: Qantas Frequent Flyer

1:1

B

SpiceJet: SpiceClub

1:1

FAQs on Axis Bank HORIZON Credit Card

  1. What is the joining fee of Axis Bank HORIZON credit card for primary card holders?

    The joining fee of Axis Bank HORIZON credit card for primary card holders is Rs.3000 plus GST (Goods and Services Tax).

  2. Do I need to pay any fee to avail add-on card for Axis Bank HORIZON credit card?

    No, you need not pay any fee to avail yourself of add-on card for Axis Bank HORIZON credit card.

  3. Can my father avail himself of an Axis Bank Horizon credit card at the age of 75 years?

    No, your father of age 75 years cannot avail Axis Bank HORIZON credit card because the age requirement to apply for this card is 18 to 70 years only.

  4. How much late payment charges will I have to pay for an outstanding balance of Rs.9,774?

    A late payment charge of Rs.750 will have to be paid for an outstanding balance of R.9,774 on Axis Bank HORIZON credit card.

  5. What is the foreign currency markup charge for making international transactions in US Dollars using Axis Bank HORIZON credit card?

    The foreign currency markup charge that the cardholders need to pay for making international transactions in US Dollars using Axis Bank HORIZON credit card is 3.50% on the Indian currency equivalent to US Dollars.

  6. How much benefit can be availed by Axis Bank HORIZON credit card users for an annual spend of Rs.1.60 lakh?

    The benefit of Rs.8000 of Accelerated EDGE REWARD Points can be availed by the Axis Bank HORIZON credit card users for an annual expenditure of Rs.1.60 lakh.

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