Heritage Bank Classic Visa credit card

Earn Heritage Credits as you spend and redeem them for gift cards, retail items and charity donations.

The Heritage Bank Classic Visa has a $55 annual fee that’s waived when you spend at least $25,000 on purchases.

16.99% p.a.

Purchase rate


Reward points

Per $ spent

$55 p.a.

Annual fee

55 days

Interest free period

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Product NameHeritage Bank Classic Visa Credit Card
Rewards programHeritage Credit Rewards
Purchase rate16.99% p.a.
Annual fee$55
Interest-free periodUp to 55 days on purchases
Cash advance rate18.99% p.a.
Min credit limit$1,000
Card typeVisa
Foreign currency conversion fee3%
Available to temporary residentsNo
Joint applicationNo


  • $55 annual fee is waived if Visa purchases within the calendar year exceed $25,000
  • Up to 55 days interest-free on purchases


  • Earn rate of 1 Heritage Credit per $1,300 spent is not competitive when compared to the average among other cards of 1:1.
Rewards programHeritage Credit Rewards
Bonus pointsN/A
Annual fee$55
Minimum monthly repayment3% of the closing balance or $30, whichever is greater
Late payment fee$20
Foreign currency conversion fee3%
Cash advance fee2% or $2.50, whichever is greater
Additional cardholder fee$7.50

Review by

Amy Bradney-George has been writing about personal finance for more than 13 years – including over 600 articles as a senior writer for Finder. Her work has also appeared in publications including Money Magazine, The Sydney Morning Herald, Financy, ABC News Australia and Equity Magazine. Amy has a Bachelor of Arts in Journalism and Drama from Griffith University.

Expert review

The Heritage Bank Classic Visa is one of the few cards to offer an annual fee waiver each year, with a spending requirement that works out to be an average of $2,084 per month (rounded to the nearest dollar).

How to apply

You can apply for the Heritage Bank Classic Visa credit card by calling 1300 272 197 or by filling in an enquiry form on the Heritage Bank website. Get started by making sure you meet the following eligibility requirements and have all the details you need to complete an application.

Eligibility criteria

  • Residency. You must be an Australian citizen or permanent resident.
  • Age. You must be at least 18 years old to apply.

Card benefits

  • Earn Heritage Credits. For every $1,300 spent on Visa purchases in one calendar month, you will earn 1 Heritage Credit. You can redeem your credits for a choice of retail rewards, gift cards or charity donations, with credit requirements and details available when you log in to your account or call the bank. As an example of the rewards available, a newsletter on the Heritage Bank website (pdf) shows you could get a Myer gift card from 4 credits, or a noise cancelling headphones for 61 credits plus freight. Log in to your account or call 13 14 22 and choose option 8 to find out what rewards are currently available.
  • Annual fee waiver. If you spend at least $25,000 on purchases in a year, the $55 annual fee on this card will be waived.

Rates & fees

  • Purchase rate. An interest rate of 16.99% p.a. applies to purchases made with this card.
  • Interest-free days. This card offers up to 55 days interest-free on purchases if you pay the closing balance in full by the due date on each statement. Note that cash advances are not eligible for interest-free days.

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