Horizon Credit Union offers a Visa credit card that allows you to save through its low interest rate and no ongoing fees.
Comparing the Horizon Credit Union Credit Card
Types of credit cards that Horizon Credit Union offers
Horizon Credit Union, in conjunction with Visa, offers a credit card that gives cardholders easy access to funds.
Low rate credit cards
If you want to benefit through a low interest rate and don’t require extras like complimentary insurance covers and reward points, a low rate card should suit you well. The Visa credit card that Horizon offers comes with a low interest rate and you don’t have to pay any ongoing monthly or annual account keeping fees. It also comes with a promotional interest rate for balance transfers and purchases. If you use this card in the right manner, you can even get up to 45 interest-free days on purchases.
Benefits of banking with Horizon Credit Union credit cards
While the Visa credit card that you get through Horizon Credit Union does not offer too much in the form of features, it does offer some notable benefits.
This Visa credit card comes with a discounted interest rate that applies on balance transfers and purchases, and this rate stays in place for five months from the date of your application’s approval. Any outstanding balance at the end of this five months period starts attracting the card’s standard interest rate.
Easy access to funds
Millions of merchants the world over accept Visa payments, so you can use this credit card just about anywhere. You can use this card to make purchases in brick-and-mortar stores and to make online and over the phone purchases. You can withdraw up to $1,000 per day from any ATM that displays the Visa logo. If you prefer shopping online you can register with Visa Checkout, and once you do this you can shop much faster using the Visa Checkout option. You can access Visa Checkout using a computer, a tablet, or a smartphone.
Visa fraud protection provides peace of mind when you use your card in-store, online, or over the phone. The chip technology these cards use works as a safety barrier when you make in-store purchases. When you use this card to make online purchases ‘Verified by Visa’ works as an additional line of defence, and more than 200,000 online merchants rely on this technology.
How to apply for a Horizon Credit Union credit card
If you require professional assistance to complete your application you can drop into a Horizon Credit Union a branch or speak to a Horizon representative over the phone. You can download an application form and mail or fax it in once complete. You can apply online, and to do so simply click on the ‘Go to Site’ button next to the description of the credit card. To apply, you have to meet certain eligibility criteria, which are as follows.
- You are a permanent resident of Australia
- You are over 18 years of age
- You don’t have poor creditworthiness
For quick assessment of your application keep the following documentation handy because you would have to submit the same when you receive conditional approval.
- Copies of last two payslips, and new Horizon borrowers should provide letters from their employers stating commencement date of employment and income details
- Source of other income and supporting proof
- Self-employed individuals should provide Notices of Assessment and tax returns for last two financial years
- Current statements of existing loans, credit cards, and store cards
- A copy of council rates notice, if you are a home owner
- A copy of rental receipt, if you are a renter
- New Horizon members should provide copies of savings account statements that show income credits for the last six months
What happens next?
Once you submit your completed application, a Horizon Credit Union rep might contact you for further documentation. A phone call goes to your employer’s payroll department to verify your income. If you’re new with Horizon Credit Union you have to go through an identity verification process, as stipulated by the Australian government. This might require you to visit a Horizon Credit Union branch.
Frequently asked questions
Certain questions about Horizon credit cards are all too common, and here are answers to the same. If you can’t find an answer to any particular question, use the form at the bottom of the page to ask.
How long does the online application process take?
If you begin with the application with all the required information close at hand, you can complete the application in 10 to 15 minutes. You can also save your online application and retrieve it later.
How can I check the status of my application?
To check the status of your application you can call 1300 366 565.
What is the minimum credit limit and can I apply for an increase?
The minimum credit limit of the Horizon Credit Union Visa credit card is $1,000. You can apply for an increase after using your card for a given time period, and you have to meet certain credit criteria in order to qualify.
Is the cash advance rate the same as the purchase rate?
Unlike many other credit cards, this card offers a standard interest rate that applies to, both, purchases and cash advances.
Does this credit card offer rewards?
No, this credit card does not offer any rewards or reward points.
Can I get an additional card?
Yes, you can request for an additional card for anyone as long as the individual in question is over 18 years of age and undergoes an identity verification process.
How can I report a lost or stolen card?
In Australia, if you’re calling within business hours you should call 1300 366 565. After hours calls should go to 1800 648 027. If you’re calling from overseas, you should call 00 61 2 8299 9101.
Can I close my account?
To close your credit card account you have to submit a written request. When the account closes all additional cards linked to it cancel automatically. After the account closes you remain liable to pay any outstanding balance, which includes fees and charges levied before the account’s closure.