Heritage Bank Platinum Visa Card Review

Enjoy a premium card that comes with an introductory balance transfer offer coupled with a range of features such as complimentary insurances.

The Heritage Bank Platinum Credit Card is one that offers a range of features. This card comes linked to a rewards program, it offers a number of complimentary insurance covers and it gives cardholders access to a platinum concierge service.

A 0% p.a. interest rate for 12 months applies to balance transfers plus a competitive interest rate on purchases.

Product NameHeritage Bank Platinum Credit Card
Rewards ProgramHeritage Credit Rewards
Balance transfer rate (p.a.)0% p.a. for 12 months
Balance Transfer Revert Rate
The interest rate after the balance transfer ends.
Purchase Rate (17.99% p.a.)
Balance Transfer Limit95% of available credit limit
Purchase rate (p.a.)17.99% p.a.
Annual fee$125 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
Up to 55 days on purchases
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
Max credit limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
Minimum Monthly Repayment3% or $30, whichever is greater
Card TypeVisa
Late Payment Fee$20
Complimentary Travel InsuranceYes
Available To Temporary ResidentsNo
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
Max Credit Limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
Annual Fee$125 p.a.
Minimum Repayment3% or $30, whichever is greater
Late Payment Fee$20
Over Limit Fee$20
Cash Advance Fee2% of the withdrawal amount (minimum fee of $2.50)
Overseas Emergency Replacement$200 (when delivery requested within 5 days)
Additional Cardholder Fee$7.50 p.a.
Phone BankingYes
Internet Banking TransfersYes


  • Enjoy 0% p.a. on balance transfers for 12 months.
  • Take advantage of complimentary insurance covers, including guaranteed pricing scheme, overseas travel insurance and purchase cover insurance.
  • Get access to concierge service, Visa Entertainment and rewards program.
  • This card features up to 55 interest-free days on purchases.


  • Reward points can only be earned on Visa purchases only. This excludes cash advances, credit charges and government charges.
Rewards ProgramHeritage Credit Rewards
Rewards Points per $ (VISA/MC)0.003
Points Expiry36 months

Heritage Bank Platinum Credit Card review

The 0% p.a. balance transfer rate for 12 months can lead to significant savings on an existing card balance. This card lets you earn Heritage Credits that you can redeem for various rewards and it comes with different complimentary insurance covers. Cardholders get access to a concierge service, Visa Front Line Access and travel services. You can also choose to personalise your card using your own photo or just about any other image.

Benefits of the Heritage Bank Platinum Credit Card

  • Rewards. When you use your Heritage Bank Platinum Credit Card to make purchases, you'll earn loyalty credits. You earn three credits for every whole $1,000 you spend in a calendar month, and you can redeem accumulated points through the Heritage Bank online banking platform. You can choose from a range of gift cards or redeem your points for different kinds of merchandise.
  • Complimentary insurance covers. This card entitles you to a complimentary insurance package, which includes international travel insurance, interstate flight inconvenience insurance, transit accident insurance, purchase cover insurance, extended warranty insurance and cover through the guaranteed pricing scheme.
  • Balance transfer offer. If you’re looking for a card that charges 0% p.a. interest on balance transfers, you can lock that rate in for 12 months on this card. This will give you ample time to pay down your existing card debt.

Features of the Heritage Bank Platinum Cedit Card

  • Waived annual fee. You have to pay an ongoing annual fee of $125 each year you hold the card. However, if you spend over $35,000 during the year up to the anniversary date of your card, this fee will be waived.
  • Personalise your card. By paying a nominal fee of $15 you can choose to put just about any photo on your credit card, and you can update your card with a new photo as often as you like.
  • Rewards. The Heritage Bank rewards its customers through Credits — every $1,000 spend on your card in a one-month period earns you three credits. You can view your Credits balance and redeem your credits for rewards online or over the phone.
  • Concierge service. Use this 24/7 global service to book tickets for all kinds of events, to plan your travel, send gifts, to get documents translated, and for much more.
  • Visa Front Line Access. This service gives you the ability to get the first choice of seats to some of the most popular events in the country.
  • Travel services. Look forward to a variety of exclusive global travel offers, as well as services like Airport Meet and Assist.
  • Card security. This microchip enabled card offers you protection when using your card for in-store purchases, while ‘Verified by Visa’ provides additional security when you use your card online.

How to apply for the Heritage Bank Platinum Credit Card

To apply for this credit card visit any Heritage Bank branch, or speak to a Heritage Bank representative over the phone. You can also apply for this card conveniently online. To apply for the Heritage Bank Platinum Credit Card you have to meet certain eligibility criteria, which are as follows:

Eligibility criteria

  • You should be at least 18 years old.
  • You should be a permanent Australian resident.
  • You should have good credit history.

Required documentation

  • Personal details like your name, date of birth, marital status, number of children under the age of 18 living with you, current and previous residential address and your driver's licence number.
  • Employment information is also required. This includes information such as where you are currently employed, where you've previously been employed and how much you earn.
  • The name and contact details of a family member not currently living with you
  • Details surrounding your existing financial situation, which include your expenditure, assets, and debts

The balance transfer offer and the introductory interest rate make this card worthy of your consideration, but before you apply, take some time to compare it with similar cards that other banks have to offer.

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Credit Cards Comparison

Rates last updated October 21st, 2017
Name Product Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Product Description
NAB Premium Card - Exclusive Offer
19.74% p.a.
0% p.a. for 24 months
$90 p.a.
Exclusive to finder.com.au and available until 12 November 2017, enjoy a no BT fee, long-term balance transfer offer and complimentary insurances.
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
20.74% p.a.
0% p.a. for 18 months
$129 p.a.
Earn 3 bonus Velocity Points per $1 for the first 3 months, a first year annual fee refund and a yearly $129 Virgin Australia Gift Voucher.
St.George Vertigo Platinum
12.74% p.a.
0% p.a. for 24 months with 2% balance transfer fee
$99 p.a.
Offers complimentary travel insurance, complimentary purchase insurance and access to a 24/7 personal concierge service.
ANZ Platinum Credit Card - Exclusive Offer
0% p.a. for 3 months (reverts to 19.74% p.a.)
0% p.a. for 12 months
$0 p.a. annual fee for the first year ($87 p.a. thereafter)
Exclusive to finder, receive 0% p.a. interest on purchases for 3 months and 0% p.a. on balance transfers for 12 months with no balance transfer fee.

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* The credit card offers compared on this page are chosen from a range of credit cards finder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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