Axis Bank Horizon Credit Card Settlement

Everything you need to know about settling dues on your Axis Horizon Credit Card.

What is the Horizon Credit Card?

Axis Bank Horizon Credit Card offers travel & lifestyle perks, including: - Airport lounge access - Reward points - Cashback on online spends

What is Credit Card Settlement?

Settlement means reaching an agreement with the bank to pay less than the total outstanding amount. It affects your CIBIL score.

When to Consider Settlement?

Opt for settlement only when: - You can't repay the full amount - Facing financial hardship - Missed multiple EMIs

Contact Axis Bank

Start by contacting Axis Bank: - Customer care: 1860-419-5555 - Visit the nearest branch - Write to: customer.services@axisbank.com

Request for Settlement

Ask for: - Total outstanding balance - Possible settlement amount - Payment deadline - Get everything in writing

Get a Settlement Letter

Before paying: - Ask for an official settlement offer letter - It should include: - Amount to be paid - Due date - Waiver details

Make the Payment

Pay the agreed amount: - Use official Axis Bank payment channels - Save receipts & confirmation - Maintain proof of payment

Obtain a NOC

Post payment, ask for: - No Objection Certificate (NOC) - It confirms the loan/card settlement - Keep it safe for future reference

Impact on Credit Score

- Settlement = “Settled” on credit report - Not “Closed” - Your credit score may drop - Rebuild score with secured cards & timely payments