Axis Horizon, Axis Atlas, and SBI Miles Elite are airline-agnostic credit cards that are designed to offer Air Miles on every spend. Let’s compare how much value back you can get with these cards on spending Rs. 1 Lakh in a month.
Axis Bank
Axis Bank Horizon Credit Card
Travel
Reward Points
1st Year Fee: ₹3,000* Plus Applicable Taxes
Travel
5 EDGE Miles per Rs. 100 spent on travel
Lounge Access
Up to 32 airport lounge visits per year
Rewards
1:1 redemption against 15+ travel partners
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About Axis Bank Horizon Credit Card
Axis Bank Horizon Credit Card is an airline-agnostic travel credit card. At an annual fee of Rs. 3,000, the card offers travel benefits in the form of EDGE Miles redeemable at a 1:1 ratio across multiple travel partners. Besides air miles, the card also offers domestic and international lounge visits, along with bonus miles as welcome and renewal benefits, positioning the card as a strong competitor to cards like Axis Atlas and SBI Miles Elite.
After migration of Citibank customers to Axis Bank, Citi PremierMiles cardholders were transitioned to Axis Horizon. While Horizon offers a lower reward earning rate than PremierMiles, it compensates for the same by offering a better redemption ratio of 1:1 (previously 2:1 on Citi Card). The addition of international lounge visits and an increased number of domestic lounge visits enhance the overall value of this card.
Note: This card is not available on Paisabazaar.com. Content on this page is for information purposes only. To express interest in this card, please visit Axis Bank’s website.
Axis Bank Horizon: Rewards Program
EDGE Miles Earning
- 5 EDGE Miles per Rs. 100 spent on Axis Bank Travel EDGE portal and direct airline websites/counters
- 2 EDGE Miles per Rs. 100 spent1 on all other spending categories
EDGE Miles Redemption Options2:
- Flights and hotel bookings through Axis Bank’s Travel EDGE platform
- Convert your EDGE Miles into partner miles at a value of 1 EDGE Mile = 1 Partner Point through Axis Bank’s Miles Transfer program
- Airlines and Hotel Partners are divided into Group A & Group B
- Cardholders can redeem a total of 5,00,000 Miles in a year, with a capping of 1,00,000 Miles for Group A partners and 4,00,000 Miles for Group B partners. Partner list as follows:
Other Features & Benefits:
- Welcome Bonus: 5,000 EDGE Miles on making the first card transaction worth Rs. 1,000 or more within 30 days of card issuance
- Renewal Benefit: 1,500 EDGE Miles as renewal bonus credited within 30 days from credit card anniversary date
- Lounge Access: The card offers up to 32 lounge visits per year as mentioned in the below table:
Axis Bank Horizon: Fees & Charges
| Particulars | Amount | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Joining/Annual Fee | Rs. 3,000 + Taxes | ||||||||||
| Forex Mark-up Fee | 3.5% | ||||||||||
| Finance Charges | 3.60% per month | 52.86% p.a. | ||||||||||
| Late Payment Fee |
|
Value Back Comparison: Axis Horizon Vs. Axis Atlas Vs. SBI Miles Elite
| Particulars |
Axis Horizon | Axis Atlas | SBI Mile Elite |
|---|---|---|---|
| Travel Spends |
Rs. 1 Lakh | Rs. 1 Lakh | Rs. 1 Lakh |
| Rewards Accumulated |
5,000 = 5,000 Air Miles/ Hotel Loyalty Points | 5,000 = Up to 10,000 Air Miles/ Hotel Loyalty Points | 3,000 = 3,000 Air Miles/ Hotel Loyalty Points |
It is clear from the above table that if you are looking for an airline-agnostic travel credit card, Axis Atlas would be a better choice due to its 1:2 point-to-mile conversion ratio. However, if you consider the annual fee, Axis Horizon also offers decent benefits. This card justifies its annual fee with a 5% reward rate and a 1:1 point-to-mile conversion ratio.
Things to Know Before you apply
Get this card if:
You are a frequent traveller seeking an airline-agnostic travel credit card
You are looking for a card with high number of complimentary airport lounge visits
You do not have any travel brand preference or are not loyal to any airline or hotel
You prefer utilizing your rewards for travel bookings
Other Similar Credit Cards:
Axis Atlas Credit Card
SBI Card Miles Elite
HSBC TravelOne
Paisabazaar Review
What do we like about this card?
Axis Horizon offers accelerated rewards on travel bookings with miles conversion against 15+ travel partners, including Qatar Airlines, SpiceJet, Air Asia, etc. The card surpasses its joining fee by a good margin of Rs. 2,000 and offers 1,500 bonus EDGE Miles at the time of renewal. Axis Horizon’s lounge access benefits is also excellent as it offers up to 32 domestic and up to 8 international lounge visits in a year, which is a great number for a Rs. 3,000 credit card. Similar cards like Axis Atlas and SBI Card Miles Elite do not provide so many free visits despite charging a higher annual fee of Rs. 5,000.
Pros
- Good redemption ratio of up to 1:1
- High number of complimentary airport lounge visits
- Welcome benefit surpass the joining fee
- Accelerated rewards on travel bookings also include spends at direct airline websites/counters
- Decent return via base reward rate
Cons
- No milestone benefits
- No annual fee waiver option
- Exclusion of some everyday transactions from reward program
- Grouping of travel partners with low limit to partners in Group A
- No concessional forex markup fee
Conclusion
While Axis Horizon comes with a similar reward-earning rate as Axis Atlas, it but falls behind due to its 1:1 point-to-mile conversion ratio. Axis Atlas, with a slightly higher annual fee, offers a 1:2 point-to-mile conversion ratio, resulting in higher savings. However, those who do not want to pay an annual fee of Rs. 5,000 can consider Axis Horizon, especially frequent travellers who do not have airline preference but want to save on travel spends.
Frequently Asked Questions
Everything you need to know about this credit card
The card offers exciting offers every Wednesday on popular brands. You can avail 15% savings on travel bookings (flights and hotels) on Goibibo and MakeMyTrip. Additionally, avail 10% off on Swiggy, Amazon Fresh, and Tira.
The card charges a cash withdrawal fee of 2.5% of the transaction amount (minimum Rs. 500). In general, withdrawing cash using a credit card is not advisable. Along with the withdrawal charges, the interest is charged on cash advances right from the day of making the transaction; the interest-free period does not apply for credit card cash withdrawals.
Despite being a travel credit card, the card does not offer any concessional forex markup fee. On international transactions, a standard forex markup fee of 3.5% of the transaction amount is applicable.
You can avail the Axis Bank Horizon credit card if you are aged between 18 and 70 years. Except for this, the bank decides your eligibility based on factors like your monthly income, credit score, credit history, etc.
Considering a redemption value of 1:1, with 5000 bonus reward points, you can get a value back of 5000 air miles, redeemable against travel partner points.
Footnotes
- Excluded categories: Spends made on fuel, utilities, rent, insurance, transportation and tolls, educational or government institutions and wallet loading.
- Cardholders must have minimum 500 EDGE Miles accrued in their accounts to carry out their redemption.
Click here to know More Terms and Conditions
Megha Khanna
Megha is an experienced writer with a specialization in credit cards and personal finance. With a keen eye for detail and a passion for helping readers make informed financial choices, she creates engaging content that demystifies the complexities of credit cards, from rewards and benefits to interest rates and fees.
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