Heritage Isle Credit Union Credit Cards

Enjoy the power of choice with Heritage Isle: a low rate or platinum credit card, it's up to you

A team of Comalco employees joined together to form the Heritage Isle Credit Union in 1965, and it now offers membership to all Australians. With branches in Launceston, George Town, Beaconsfield, and Exeter, Heritage Isle services more than 7,000 members, many of whom reside in and around the Tamar Valley. This credit union offers its members a range of financial services and products, which include loans, savings and investment accounts, different types of insurances, financial planning and foreign exchange solutions. It also offers two Mastercard products.

Types of credit cards that Heritage Isle offers

Heritage Isle members get to choose between two credit cards, and while both come with a Mastercard association, some of the features they offer are noticeably different.

• Low rate credit cards

Some credit card users don’t require too many features, and if you are in this boat you can benefit from the competitive rates that these cards offer. The Low Rate Mastercard that Heritage Isle offers, in addition to its low interest rate, gives you the ability to get up to 55 interest-free days on purchases. You can also use this card to transfer balances from existing cards and it comes with complimentary purchase cover.

• Platinum credit cards

A platinum credit card normally comes linked to a rewards program, while also offering a range of other benefits. The Heritage Isle Platinum Mastercard, for example, rewards you in accordance to your spending, offers a number of complimentary insurance covers and gives you access to a concierge service. You can use this card for balance transfers and you also get up to 55 interest-free days on purchases.

Benefits of Heritage Isle credit cards

Both these credit cards give you easy access to funds, and given that more than 22 million merchants around the world accept Mastercard, you can use it just about everywhere. There’s more to your Mastercard, though, and here’s what you can expect:

• Complimentary insurances

While both the low rate and platinum cards offer protection through the guaranteed pricing scheme and purchase cover insurance, the platinum card also offers complimentary transit accident insurance, interstate flight inconvenience insurance, and international travel insurance.

• Platinum concierge service

As a Platinum Mastercard cardholder, you get round-the-clock access to a platinum concierge service. Through this service, you can find out about restaurants and hotels in different parts of the world, and you can also use it to keep track of cultural, entertainment, and sporting events. This service assists you in making reservations and booking tickets, and you can also access a bunch of professional services.

• Promotional rate

The low rate card comes with a promotional 0% p.a. interest rate for balance transfers, and this interest rate stays in place for 9 months. The platinum card also offers a promotional 0% p.a. interest rate for 14 months, and in this case it applies to balance transfers as well as purchases.

• Security

Your Mastercard makes use of a chip technology that minimises the possibility of fraudulent usage. Fraudshield is in place to detect irregular transactions, and in such instances you'll receive a phone call immediately.

Frequently asked questions

Given below are answers to questions that people commonly to ask about Heritage Isle credit cards. You can ask any additional questions you may have by using the form at the end of this page.

• Can I apply for a Heritage credit card online?

  While you can’t apply for a Heritage credit card online, you can visit their website and download an application form. Mail your completed application or fax it, or simply drop it at your closest Heritage Isle branch.

• How long does the application take to process?

  Allow around three weeks for your application to process. This is subject to verification.

• What are the minimum income requirements?

  To apply for the low rate card you should earn a minimum of $25,000 p.a. This increases to $35,000 for the platinum card.

• Can I get an additional card?

  You can get up to four additional cards for both of these credit card accounts.

• Do these cards charge the same retail purchase and cash advance rates?

  No, the cash advance rate is slightly higher than the retail purchase rate in both cases. You can check both on our credit card review pages.

• What happens to the interest rate at the end of the promotional period?

  With the low rate card, any outstanding balance from balance transfers at the end of the promotional period starts attracting the card’s cash advance rate. In case of the platinum card, while outstanding balances from balance transfers start attracting the card’s cash advance rate, leftover balances from purchases start attracting the card’s retail purchase rate.

• What is the maximum credit limit of these cards?

  The low rate card’s maximum credit limit at the time of initial approval is $15,000, and this increases to $30,000 for the platinum card. While you can apply for an increase in your card’s limit, you have to meet certain credit criteria.

• How do I earn reward points?

  You earn reward points when you make eligible retail purchases, which include online and over the phone purchases as well. You earn 1.25 reward points for every dollar you spend.

• What can I get for my reward points?

  You can book flight tickets through Take Flight, choose from a range of travel and store vouchers, exchange them for merchandise, or simply get cashback. Through cashback, you can use your points to pay your card’s annual fee or reduce your outstanding balance.