Horizon Bank Credit Card Fees and Benefits

The annual fee for the Horizon Bank credit card is $0 for the first year, but it increases to $95 after that.

You'll also be charged a foreign transaction fee of 1% of each transaction, which is a standard rate in the industry.

The card offers a 24/7 customer service hotline, which is a convenient feature for cardholders who need assistance outside of regular business hours.

The credit limit for the Horizon Bank credit card is not publicly disclosed, but it's likely to be based on your creditworthiness and income.

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The Horizon Bank credit card has some attractive features, but it's essential to consider the pros and cons before making a decision.

The introductory interest rate of 4.99% p.a. for the first 5 months on purchases is a significant advantage, allowing you to save money on interest charges during this period. This rate is available on all purchases, making it a great option for those who want to avoid high interest rates.

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Here are some key benefits of the Horizon Bank credit card:

However, it's worth noting that the rate will revert to 12.95% p.a. at the end of the introductory period, which may impact your finances. Additionally, the 4.99% p.a. balance transfer rate for the first 5 months may not be the most competitive option, as other cards offer 0% balance transfer rates.

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The pros of this credit card are definitely worth considering. An introductory interest rate of 4.99% p.a. for the first 5 months on purchases is a great incentive to start using the card.

You'll also get up to 55 days interest-free on purchases, which can be a big help if you need to make a purchase but don't have the cash on hand right away.

At the end of the introductory period, the rate will revert to 12.95% p.a., so be sure to pay off your balance before then to avoid any extra charges.

One potential perk is the 4.99% p.a. balance transfer rate for the first 5 months, but it's worth noting that there are other cards with 0% balance transfer offers.

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The Horizon Gold credit card isn't perfect, and it's essential to consider its limitations before applying. One of the main drawbacks is that it doesn't report to all three major credit bureaus. This means that if a future lender checks a bureau that Horizon Gold hasn't reported to, you might be out of luck.

The card is actually reported as a charge card, which can impact your credit utilization ratio. This is the percentage of your credit you're using at any given time, and it's a significant factor in determining your credit scores.

On the bright side, on-time payments are still crucial for maintaining good credit health. Paying your bills on time is the most important thing you can do for your credit scores.

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The fees associated with the Horizon Bank credit card are worth understanding. The annual fee is $49.

You'll also need to consider the minimum monthly repayment, which is 3% of the closing balance or $20, whichever is greater.

A foreign currency conversion fee of 3% applies when making payments in a foreign currency, including when shopping online or overseas.

Here's a breakdown of the fees:

The Horizon Gold card has a slew of additional costs beyond its nearly $300 a year in membership fees.

You'll need to pay shipping costs, which can be exorbitant, and a $2 delivery fee. Plus, a $3.50 fee to verify your signature at delivery.

Customers who tried to cancel their Horizon Gold account reported difficulties getting fees refunded.

You can't pay shipping expenses with your Horizon Gold card - you'll need to use a Visa or Mastercard instead.

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Rates & Fees can be a real challenge to understand, but don't worry, I'm here to break it down for you.

The annual fee is a flat rate that you'll pay every year, and it can vary depending on the credit card. For example, the annual fee for some cards is $49.

Some cards also charge a foreign currency conversion fee, which can be as high as 3% of the transaction amount. This fee is usually applied when you use your card to make purchases in a foreign currency.

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A cash advance fee is another type of fee you might encounter, and it can be a fixed amount, such as $3.

Here's a breakdown of some common fees you might see:

It's worth noting that some cards may have additional fees or charges, so it's always a good idea to review the terms and conditions carefully before applying.

To apply for a Horizon Bank credit card, you'll need to meet their eligibility criteria. This includes being a permanent Australian resident or citizen.

You'll also need to be currently employed or receiving a regular income. I've found that having a stable income makes it much easier to manage your finances and make timely payments.

To be eligible, you must not have declared bankruptcy or insolvency or had any defaults on your credit history for the past five years. This shows that you're responsible with your finances and can handle credit wisely.

You must also be at least 18 years old to apply for a Horizon Bank credit card. This ensures that you're mature enough to understand the terms and conditions of the credit card.

To get started, you can fill in a secure application form on the bank's website. Make sure you have all the documents and details you'll need to complete the application, such as proof of income and residency.

Horizon Bank offers a range of credit cards with various benefits and features.

You can choose from a Classic card or a Platinum Points card, which earns points on every dollar you spend and allows you to redeem points for rewards.

The Platinum Points card also offers a payWave facility, allowing you to tap and pay for small purchases, and can be registered for Apple Pay, Samsung Pay, or Google Pay.

Here are the key benefits of each card type:

Both cards offer 24/7 online banking access and 100% free money management tools, including the ability to track and redeem rewards with a Platinum Points card.

Horizon Bank offers a range of credit card options to suit different needs. The Horizon Bank Visa Credit Card has a low interest rate of 12.95% and an introductory rate for new cardholders.

You can choose from two main types of credit cards: the Classic option and the Visa Platinum Points Card. The Classic option is durable and customizable, making it a great choice for everyday use.

The Visa Platinum Points Card, on the other hand, allows you to earn points for rewards. This is a great option if you want to earn something back for your spending habits.

Here are the benefits of each type of card:

With Horizon's credit cards, you also get next-level money management and account security. This includes 24/7 online banking access, card controls to guard your card, and 100% free money management tools.

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You can add your Horizon Bank Visa Credit Card to Apple Pay, Google Pay or Samsung Pay and make payments straight from your mobile phone or another compatible device.

With Horizon's line of Visa Credit Cards, you get 24/7 online banking access, allowing you to track and redeem rewards with a Platinum Points card. The Platinum Points card earns points on every dollar you spend, redeemable for cash back, travel, electronics, and more.

Horizon's Visa Credit Cards offer a payWave facility, allowing you to tap and pay for small purchases. You can also get access to deals for shopping, dining, entertainment, and travel through Visa Offers + Perks.

You can protect your card with card controls, turning it off/on, receiving instant purchase alerts, and limiting card usage from your mobile device. Additionally, you get 100% free money management tools.

Here are some of the benefits you get with Horizon's Visa Credit Cards:

Horizon Bank offers a Visa credit card with a low rate and no annual fee. This card is a great option for those who want to avoid unnecessary fees.

The Horizon Bank Visa Credit Card can be used in over 200 countries around the world, anywhere Visa is accepted. You can tap to pay for purchases under $100, making it a convenient option for international travel and shopping.

Here are some key features of the Horizon Bank Visa Credit Card:

If you're looking for credit card brands similar to Horizon Bank, there are a few options you might want to consider.

Bendigo Bank credit cards are another customer-owned bank that offers credit cards with features similar to Horizon Bank. Great Southern Bank credit cards also offer a range of credit cards with competitive features. Heritage Bank credit cards are another regional bank that offers credit cards with features that might interest you.

If you're looking for a specific type of credit card, here are a few options to consider:

If you're looking for a Visa credit card from Horizon Bank, you might be interested in the features it offers. The Visa Credit Card from Horizon Bank can be used for everyday purchases online or over the phone and is accepted internationally.

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Horizon Bank offers a Visa credit card with low-cost features and customer-owned banking benefits. You can add this card to Apple Pay, Google Pay, or Samsung Pay, making it easy to make payments from your mobile phone.

The Horizon Bank Visa Credit Card is accepted in over 200 countries worldwide, anywhere Visa is accepted. This means you can use it for everyday purchases online or over the phone, and it's also accepted internationally.

One of the benefits of this card is the low interest rate and no annual fee. You can also enjoy up to 55 days interest-free on purchases, which is a great feature for those who pay off their balance in full each month.

If you're concerned about security, you'll be glad to know that Visa Zero Liability helps protect your account from losses due to fraudulent transactions. Additionally, Horizon Bank has a 24/7 Visa hotline that you can call if you think your card has been compromised.

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Here are some key features of the Horizon Bank Visa Credit Card:

Horizon Bank also has a process in place to prevent unauthorized use of your card, including an extra check to verify your identity during certain transactions. This helps protect you from fraud and ensures that only you can make transactions on your account.