Heritage Bank Platinum Visa Card Review

Earn Heritage Credits for your spending, enjoy six complimentary insurance covers and a competitive interest rate on this Platinum card.

The Heritage Bank Platinum Credit Card comes linked to a rewards program, offers six complimentary insurance covers and gives cardholders access to a platinum concierge service. In addition to these perks, you will earn three Heritage Credits for every $1,500 spent per month and an annual fee waiver when you spend at least $35,000 over the course of the year.

Product NameHeritage Bank Platinum Credit Card
Rewards ProgramHeritage Credit Rewards
Purchase rate (p.a.)17.99% p.a.
Annual fee$125 p.a.
Interest Free Period
The interest-free period is the maximum number of days during which interest is not charged on new purchases. This only applies if you pay your closing balance in full by the statement due date.
Up to 55 days on purchases
Cash advance rate (p.a.)19.99% p.a.
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.
Card TypeVisa
Complimentary Travel InsuranceYes
Minimum Age18 years of age
Available To Temporary ResidentsNo
Annual fee$125 p.a.
Minimum Monthly Repayment3% or $30 (whichever is greater)
Late Payment Fee$20
Cash Advance Fee2% of the withdrawal amount (minimum fee of $2.50)
Additional Cardholder Fee$7.50


  • Take advantage of complimentary insurance covers, including guaranteed pricing scheme, overseas travel insurance and purchase cover insurance.
  • Get access to a concierge service, Visa Entertainment and rewards program.
  • Earn 3 Heritage Credits for every $1,500 spent per calendar month.


  • Heritage Credits are only awarded when the $1,500 spend requirement is met.
Rewards ProgramHeritage Credit Rewards
Rewards Points per $ spent (VISA/MC)0.002
Rewards Points per $ (VISA/MC) CapUncapped

Benefits of the Heritage Bank Platinum Credit Card

  • Heritage Credits. For every $1,500 spent per calendar month you will earn 3 Heritage Credits. To give you an idea, a $50 Wish gift card is worth 32 credits.
  • 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.
  • 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.
  • 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.

Features of the Heritage Bank Platinum Credit Card

  • Interest-free days. This card gives you up to 55 days interest-free on purchases when you pay your balance in full by the due date on each statement.
  • Minimum repayments. You are required to pay 3% or $30 (whichever is greater) of the outstanding balance by the statement due date each month.
  • Credit limit. This card has a minimum credit limit of $6,000, while the maximum credit limit is subject to approval.
  • Foreign transaction fee. The Heritage Bank Platinum card charges a fee worth 3% of the Australian dollar amount of each transaction in a foreign currency.
  • Additional cardholder. You can request a supplementary card for a partner or family member with $7.50 annual fee for each card.

How to apply for the Heritage Bank Platinum Credit Card

You can apply for the Heritage Bank Platinum credit card online, in-branch or over the phone. Make sure you meet the eligibility requirements and have all the necessary information and documents on hand before you start the application.

Eligibility criteria

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

Its rewards program and complimentary insurances 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 February 17th, 2019
Name Product Purchase rate (p.a.) Balance transfer rate Annual fee Product Description
Citi Clear Platinum Credit Card
12.99% p.a.
0% p.a. for 14 months
$0 p.a. annual fee for the first year ($99 p.a. thereafter)
Offers a 0% p.a. for 14 months balance transfer and $0 first year annual fee. Plus, insurance covers and Citibank Dining Program perks.
HSBC Platinum Credit Card
19.99% p.a.
0% p.a. for 22 months
$129 p.a.
0% p.a. for 22 months on balance transfers with no BT fee. Plus, a yearly annual fee refund when you spend $6,000 and 2 lounge passes per year.
NAB Qantas Rewards Signature Card
19.99% p.a.
0% p.a. for 6 months with 2% balance transfer fee
$295 p.a. annual fee for the first year ($395 p.a. thereafter)
Collect 90,000 bonus Qantas Points when you spend $4,000 within 60 days of account opening. Plus, a $295 annual fee in the first year.
ANZ Low Rate
12.49% p.a.
0% p.a. for 15 months
$58 p.a.
Save with a 0% p.a. introductory rate on balance transfers for 15 months with no BT fee. Plus a low 12.49% p.a. interest rate on purchases.

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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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