In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
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Heritage Bank Business Visa secured credit card

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Heritage Bank Business Visa Secured Credit Card
Terms and conditions apply
Purchase rate
10.65% p.a.
Annual fee
$45 p.a.
Interest-free on purchases
Up to 40 days

Our verdict

Take advantage of a low 10.65% p.a. interest rate for your business purchases when you get a Heritage Bank Business Visa secured credit card.

This is one of the few secured credit cards available in Australia, offering a more competitive interest rate when you secure your Heritage Bank Business Visa against some form of collateral. If you do get a secured account, you’ll enjoy an interest rate of 10.65% p.a. for purchases and cash advances. In comparison, an unsecured Heritage Bank Business Visa credit card account offers an interest rate of 12.95% p.a.

Pros

  • Low 10.65% p.a. interest rate on purchases and cash advances
  • Offers one free card replacement annually
  • Comes with MYOB and Xero integration

Cons

  • Offers 40 days interest-free on purchases, compared to other cards that offer up to 55 days

In this guide

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

Apply for the Heritage Bank Business Visa and secure the account with an eligible asset to take advantage of this competitive interest rate. You also get up to 40 days interest-free on purchases and the option of additional cards for employees.

Details

Product details

Product Name Heritage Bank Business Visa Secured Credit Card
Purchase rate p.a.
Purchase rate p.a.
10.65%
Interest-free period Up to 40 days on purchases
Cash advance rate p.a. 10.65%
Min credit limit $1,000
Card type Visa

Eligibility

Available to temporary residents No
Joint application No

Rewards

Bonus points N/A

Fees

Annual fee
Annual fee
$45
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
Overseas cash advance fee $5
Overseas ATM withdrawal fee $5
Additional cardholder fee $45

How to apply

You can apply for a Heritage Bank Business Visa secured credit card by visiting a branch or by phoning 1300 278 924. You can also request a call by filling in the contact form on the Heritage Bank website.

As part of the application process, you will be asked to supply the following information to ensure that you and your business are eligible for this card:

Eligibility criteria

  • Business requirements. You must be the business owner, director or partner to apply for this card. You will also need to provide a valid ABN or other business registration details.
  • Residency. You must be an Australian citizen or permanent resident.

Card benefits

  • Cards for employees. If you want to share this account with employees, you can request additional cards and set separate spending limits for each one. Note that the spending limits must be a minimum of $500 and cannot exceed the account's overall approved limit. Each card also has an annual fee of $45.
  • MYOB and Xero integration. You can add this account to your MYOB or Xero bank feed to help speed up reconciliations and other accounting tasks.

Rates & fees

  • Annual fee. This account has an annual fee of $45 per card.
  • Purchase rate. The 10.65% p.a. interest rate you get by securing this card is 2.3% p.a. lower than the rate offered on an unsecured Heritage Bank Business Visa.

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