In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
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Horizon Bank Visa Credit Card
Terms and conditions apply
Balance transfer rate for 5 months with no balance transfer fee
4.99% p.a.
Purchase rate for the first 5 months (reverts to 12.95%)
4.99% p.a.
Annual fee
$0 p.a.
Interest-free on purchases
Up to 55 days

Our verdict

Pay no annual fee ever and enjoy an introductory interest rate of 4.99% p.a. for the first 5 months.

The Horizon Bank Visa gives you a way to keep credit card costs down, with a $0 annual fee for life and the same low interest rate for all your transactions. This rate is just 4.99% for the first 5 months, and 12.95% when the introductory period ends.


  • An introductory interest rate of 4.99% p.a. for the first 5 months on purchases.
  • $0 annual fee for life.
  • Up to 55 days interest-free on purchases.


  • At the end of the introductory period, the rate will revert to the everyday credit card rate.
  • 4.99% p.a. balance transfer rate for the first 5 months, there are other cards with 0% balance transfer offers.

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question

This Visa credit card from Horizon Bank is both a no annual fee and low rate product. As a promotion for new customers, Horizon Bank charges just 4.99% p.a. on all your account balances for the first 5 months. At the end of the introductory period, a low rate of 12.95% p.a. applies to your balance.


Product details

Product Name Horizon Bank Visa Credit Card
Balance transfer rate p.a. 4.99% for 5 months, then 12.95%
Purchase rate p.a.
4.99% for 5 months, then 12.95%
Interest-free period
Up to 55 days on purchases
Cash advance rate p.a. 12.95%
Min credit limit $500
Card type Visa


Available to temporary residents No
Joint application No


Bonus points N/A


Annual fee
Minimum monthly repayment 3% of the closing balance or $20, whichever is greater
Foreign currency conversion fee
Cash advance fee $3

How to apply

You can apply for the Horizon Bank Visa credit card online by filling in a secure application form on the Horizon website. Once you have submitted the completed application, it will be sent to a loans officer and you'll get a reference number you can use to check on the process. You can get ready now by checking that you meet the eligibility criteria and have all the documents and details needed for the application.

Eligibility criteria

  • Residency. You must be a permanent Australian resident or citizen.
  • Income. While Horizon Bank does not list a minimum income requirement, you do need to be currently employed or receiving a regular income to apply for this card.

Card benefits

  • Introductory interest rate. This card offers a 4.99% p.a. interest rate on purchases and balance transfers for the first 5 months from card approval. At the end of the promotional period, any unpaid balances will accrue interest at the standard rate of 12.95% p.a.
  • No annual fee. The Horizon Bank Visa Credit Card does not charge an annual fee.

Rates & fees

  • Interest rate. Outside of any promotions, this card charges a 12.95% p.a. interest rate.
  • International transaction fee. A fee of 3% applies when you use this card to make payments in a foreign currency – including when you're overseas or shopping online.

Your reviews

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Ask a question

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August 04, 2019

I’ve been living in the US for 15 months but only just received my residency. I’d like to apply for a credit card now to start building credit history in the US. Is this card for me? If not, can you recommend any other card to start with? I’m from Australia and have very good credit there – is there a possibility to transfer over credit from another country? Thanks

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Nikki Angco

August 06, 2019

Hi Yvonne,

Thanks for your questions!

It’s great to hear that you have good credit in Australia. Unfortunately, when you leave your country, your credit score history stays behind. The best credit card for you depends on your budget, usage, and if the card’s features fit your lifestyle.

Since you mentioned that you are looking to build credit, secured credit cards are one way to go.

As a friendly reminder, check the eligibility requirements of the card before proceeding with your application. Also, read about its features and benefits and see how it fits your financial needs. Additionally, it’s helpful to review the PDS and Terms & Conditions of the card before fully committing to the card. You may also reach out to the bank if you have any clarifications.

Hope this helps!



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Happy Borrower

August 06, 2018

I’ve been a discharged bankrupt for over a year now, will I be able to get Horizon Credit Union Visa Credit Card?


Joel Marcelo

August 07, 2018

Hi there,

Thanks for leaving a question on Finder.

One of Horizon’s eligibility requirements is to have a fairly good credit score. To be eligible for this card, you need to have not declared bankrupt or insolvent, or had defaulted on any loans, credit cards, interest-free finance, or store cards in the last 5 years.

Bankruptcy remains on your report for five or seven years (depending upon the type of overdue debt); however, your credit report will be updated to reflect the fact that the debt is no longer overdue. To see what other credit options you have as a discharged bankrupt, please refer to our guide on credit repair after bankruptcy.



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