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Horizon Bank Visa Credit Card

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Horizon Bank's all-rounder Visa credit card has a competitive interest rate for balance transfers, purchases and even cash advances.

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, any balance transfer, purchase or cash advance balances will accrue interest at the ongoing rate of interest, 12.95% p.a. – one of the lowest standard rates of interest in the market.

4.99% p.a.

Balance transfer rate

for 5 months

4.99% p.a.

Purchase rate

for the first 5 months (reverts to 12.95% p.a.)

$0 p.a.

Annual fee

55 days

Interest free period


Product NameHorizon Bank Visa Credit Card
Balance transfer rate4.99% p.a. for 5 months
Balance Transfer Revert RateCash Advance Rate (12.95% p.a.)
Purchase rate (p.a.)4.99% for 5 months, reverts to 12.95% p.a.
Annual fee$0 p.a.
Interest free period55 days
Cash advance rate (p.a.)12.95% p.a.
Min credit limit$1,000
Card typeVisa
Foreign currency conversion fee (Visa/Mastercard)2%
Complimentary travel insuranceNo
Minimum age18 years of age
Available to temporary residentsNo
Joint applicationNo


  • An introductory interest rate of 4.99% p.a. for the first 5 months on purchases and balance transfers.
  • $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.
Annual fee$0 p.a.
Minimum monthly repayment3% of the closing balance or $20, whichever is greater
Foreign currency conversion fee (Visa/Mastercard)2%
Cash Advance Fee$3

How to apply

Horizon Bank provides a secure online application form you can use to apply for the Visa credit card in under 15 minutes. You can quote your application reference number to a Horizon Bank customer agent if you would like to talk to someone about your credit card application. You should have a response within 48 hours of submitting your application.

Eligibility criteria

  • Age. You must be at least 18 years of age.
  • Residency. You must be a permanent Australian resident.

Card benefits

  • Balance transfers. Transfer your existing credit card debt to the Horizon Bank Visa when you apply and get 4.99% p.a. for the first 5 months after you're approved for the card. 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 any annual fees.

Rates & fees

  • Interest rates. This card charges 12.95% interest rate on purchases and cash advances.
  • Interest-free days. Get up to 55 days interest-free when you pay your balance in full by the statement due date. If you do this, you'll save on interest costs on future purchases.

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  1. Default Gravatar
    August 5, 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

    • Default Gravatar
      August 6, 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 and you can check and compare the credit cards listed on our page. 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!


  2. Default Gravatar
    August 7, 2018

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

    • Default Gravatar
      August 7, 2018

      Hi there,

      Thanks for leaving a question on finder.

      Sorry but no. One of Horizon’s eligibility requirement is to have fairly good credit score. To be eligible for this card, you need to have not declared bankrupt or insolvent, or had defaults on any loans, credit cards, interest free finance or store cards in the last 5 years.

      Bankruptcy remain 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 click HERE.


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