In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
Finder makes money from featured partners, but editorial opinions are our own.

Heritage Bank Platinum Credit Card

  • Avatar
Heritage Bank Platinum Credit Card
Terms and conditions apply
Balance transfer rate for 12 months with no balance transfer fee
0% p.a.
Purchase rate
17.99% p.a.
Reward points per $ spent
0
Annual fee
$125 p.a.

Our verdict

Pay off debt with 0% p.a. interest on balance transfers for the first 12 months and enjoy 6 complimentary insurance covers with this Platinum card.

Like most platinum products, the Heritage Bank Platinum Visa card offers perks like rewards, concierge services and complimentary insurances to add extra value. If you’re switching from another card, its balance transfer offer gives you a way to pay off debt interest-free for 12 months. Plus, it doesn’t have a balance transfer fee.

It also charges a competitive interest rate compared to most platinum credit cards, but you should still aim to pay your balance in full each month. That way you can avoid interest and take advantage of interest-free days on future purchases. On top of that, you can reward your spending with Heritage Credits, but you should take note of how much you’ll have to spend to redeem rewards.

Pros

  • 0% p.a. on balance transfers for the first 12 months, with no balance transfer fee
  • Get complimentary overseas travel insurance covers, including extended warranty insurance and purchase protection insurance
  • Access to a concierge service and Visa Offers and Perks
  • Earn 3 Heritage Credits for every $1,500 spent per calendar month.

Cons

  • Balance transfer reverts to a relatively high 19.99% p.a. cash advance rate
  • Heritage Credits are only awarded when the $1,500 spend requirement is met
  • Charges a $125 annual fee unless you spend over $35,000 in a year

In this guide

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

The Heritage Bank Platinum gives you a way to pay off existing credit card debt with a 0% p.a. interest rate on balance transfers for 12 months. It has a $125 annual fee that will be waived if you spend at least $35,000 in a year and also offers a concierge service, complimentary travel insurance and access to the Heritage Credits rewards program.

Details

Product details

Product Name Heritage Bank Platinum Credit Card
Balance transfer rate p.a. 0% for 12 months, then 19.99%
Balance transfer limit 95% of available limit
Purchase rate p.a.
Purchase rate p.a.
17.99%
Interest-free period
Up to 55 days on purchases
Cash advance rate p.a. 19.99%
Min credit limit $6,000
Card type Visa

Eligibility

Available to temporary residents No
Joint application No

Rewards

Rewards program Heritage Credit Rewards
Bonus points N/A

Fees

Annual fee
Annual fee
$125
Minimum monthly repayment 3% of the closing balance or $30, whichever is greater
Late payment fee $20
Foreign currency conversion fee
Foreign currency conversion fee
3%
Cash advance fee 2% or $2.50, whichever is greater
Additional cardholder fee $7.50

How to apply

You can apply for the Heritage Bank Platinum Visa card by making an enquiry online, visiting a branch or contacting the bank over the phone. Before you do, check if you meet the eligibility requirements.

Eligibility criteria

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

Card benefits

  • 0% p.a. on balance transfers for 12 months. This interest-free balance transfer offer is only available if you include your request when you apply for the card. At the end of the first 12 months, the introductory 0% p.a. Balance transfer rate will revert to a cash advance rate of 19.99% p.a. This rate will apply for any remaining balance after the promotional period ends.
  • Heritage Credits. You will earn 3 Heritage Credits for every $1,500 spent per calendar month, which can be redeemed for rewards such as gift cards, merchandise and homewares. Check out Finder's guide to the Heritage Credits rewards program for more details.

Rates & fees

  • Annual fee. Outside of any promotions, this card charges a $125 annual fee.
  • Interest-free days. You can take advantage of up to 55 days interest-free on purchases when you pay your balance in full by the due date on each statement.

Your reviews

No reviews yet. Write a review

Ask a question

Ask a question
Avatar

Sally Finder

Producer

Hi there, looking for more information? Ask us a question.

Error label

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked
Accept and continue

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms Of Service and Finder Group Privacy & Cookies Policy.

This site is protected by reCAPTCHA and the Privacy Policy and Terms of Service apply.

Go to site