Heritage Gold Low Rate Credit Card – Rates and Fees

Save on credit card costs with a competitively low purchase rate of 11.8% p.a. Plus, pay no annual fee ever with the Heritage Gold Low Rate Credit Card.

This credit card is considered a 'no frills' card offering $0 annual fee and a low interest rate on purchases. Additional features include 24/7 customer service access, emergency card replacement and cash disbursement. You are also able to gain access to exclusive Visa services like Visa Entertainment and Verified by Visa protection.

Product NameHeritage Bank Gold Low Rate Credit Card
Purchase rate (p.a.)11.80% p.a.
Annual fee$0 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.
0 interest free days
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.
$1,000
Card TypeVisa
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Complimentary Travel InsuranceNo
Minimum Age18 years of age
Available To Temporary ResidentsNo
Joint ApplicationNo
Annual fee$0 p.a.
Minimum Monthly Repayment3% or $30 (whichever is greater)
Late Payment Fee$20
Foreign Currency Conversion Fee (VISA)
Foreign currency conversion fees are charged when you make a transaction that is converted by a credit card network, such as MasterCard, Visa or American Express, from Australian dollars to a foreign currency. You’ll also incur a currency conversion fee if you make a purchase or obtain a cash advance in Australian dollars while overseas or shopping online with a foreign merchant or financial institution.
3% of transaction value
Cash Advance Fee2% of the withdrawal amount (minimum fee of $2.50)
Gambling Transactions AllowedNo
Additional Cardholder Fee$7.50

Pros

  • Enjoy a $0 annual fee for the life of the card.
  • Save with 11.8% p.a. on purchases and cash advances.

Cons

  • No rewards program is offered, which is usually a standard feature of Gold tier credit cards.
  • There are no interest-free days on purchases. This means you will be charged interest from the day you make a purchase on your card.

Benefits of the Heritage Bank Gold Low Rate Credit Card

  • $0 annual fee. The Heritage Bank Gold Low Rate Credit Card features a $0 annual fee for the life of the card.
  • Low interest rate. This card charges a low variable interest rate of 11.8% on both purchases and cash advances.
  • Visa benefits. Get access to exclusive offers through the Visa Entertainment. Plus, you can shop with a peace of mind with Verified by Visa and Zero Liability Policy.

Features of the Heritage Bank Gold Low Rate Credit Card

  • 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 $1,000, while the maximum credit limit is subject to approval.
  • Foreign transaction fee. A foreign currency conversion fee of 3% is charged for each transaction made with an international retailer.
  • 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 Gold Low Rate Credit Card

You can apply for the Heritage Bank Gold Low Rate 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 or citizen.
  • You must have a good credit history.

Required documents

  • Personal information. You need a valid form of identification such as your Australian driver's license, passport, Medicare card, and/or birth certificate.
  • Employment information. You need to provide payslips or similar financial documents to verify your income. You may also be asked for your employers contact information.
  • Assets and liabilities. Information regarding financial commitments including a list of assets and liabilities must also be provided.
  • Self-employment information. Self-employed applicants must provide accountancy figures and tax assessments from the last two years.Back to top
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2 Responses

  1. Default Gravatar
    gregAugust 20, 2016

    Hi ,, my wife and i both hold nab credit cards but different accounts ,, id like to move to heritage and consolidate both of our debt onto the one card , is there a way i can do this cheers

    • finder Customer Care
      MayAugust 31, 2016Staff

      Hi Greg,

      Thank you for your inquiry.

      In order to conduct a balance transfer from your NAB cards to Heritage Gold Low Rate Credit Card, you’ll need to apply for this card and get approved. Make sure you read the criteria and requirements before applying. Please also note that you can only transfer a total amount up to 95% of the available credit limit of the Heritage Gold Low Rate card.

      Cheers,
      May

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