Classic

Compare

Basic

Card Level
Card Level
Standard
Interest Free Days
Interest Free Days
55
Maximum credit limit
Maximum credit limit
$50,000
Minimum credit limit
Minimum credit limit
$1,000
Minimum repayment dollars
Minimum repayment dollars
$30
Minimum repayment percent
Minimum repayment percent
3
Number free supplementary
Number free supplementary
Annual Fee
Annual Fee
$55
Late Payment Fee
Late Payment Fee
$20
Over limit fee
Over limit fee
$0
Duplicate statement fee
Duplicate statement fee
$8
Supplementary card annual fee
Supplementary card annual fee
$0
Apple Pay available
Apple Pay available
Google Pay available
Google Pay available
Samsung Pay available
Samsung Pay available
Card Level
Card Level
Standard
Interest Free Days
Interest Free Days
55
Maximum credit limit
Maximum credit limit
$50,000
Minimum credit limit
Minimum credit limit
$1,000
Minimum repayment dollars
Minimum repayment dollars
$30
Minimum repayment percent
Minimum repayment percent
3
Number free supplementary
Number free supplementary
Annual Fee
Annual Fee
$55
Late Payment Fee
Late Payment Fee
$20
Over limit fee
Over limit fee
$0
Duplicate statement fee
Duplicate statement fee
$8
Supplementary card annual fee
Supplementary card annual fee
$0
Apple Pay available
Apple Pay available
Google Pay available
Google Pay available
Samsung Pay available
Samsung Pay available

Rates

Purchase Rate
Purchase Rate
17.99%
Cash advance rate
Cash advance rate
17.99%
Purchase Rate
Purchase Rate
17.99%
Cash advance rate
Cash advance rate
17.99%

Balance Transfer

Balance Transfer Rate
Balance Transfer Rate
Transfer Limit
Transfer Limit
95%
of the chosen credit limit
Balance Transfer Fee
Balance Transfer Fee
$0
Balance Transfer Rate
Balance Transfer Rate
Transfer Limit
Transfer Limit
95%
of the chosen credit limit
Balance Transfer Fee
Balance Transfer Fee
$0

Overseas spending

Foreign Exchange Fee
Foreign Exchange Fee
2.5% on Visa
Overseas charges
Overseas charges
$5
Estimated ATM Cost
Estimated ATM Cost
$12.5
for AU $300 withdrawal
Foreign Exchange Fee
Foreign Exchange Fee
2.5% on Visa
Overseas charges
Overseas charges
$5
Estimated ATM Cost
Estimated ATM Cost
$12.5
for AU $300 withdrawal

Rewards

Program name
Program name
Heritage Credits
Rewards Available
Rewards Available
Gift Card
Program name
Program name
Heritage Credits
Rewards Available
Rewards Available
Gift Card

Eligibility

Minimum age
Minimum age
Minimum income
Minimum income
Eligibility conditions
Eligibility conditions
Minimum age
Minimum age
Minimum income
Minimum income
Eligibility conditions
Eligibility conditions

Earn Rates

RateCard TypeEarnsCondition
0.00076923 points for $1 spentVisauncappedeligible transactions

Perks

  • Free Supplementary Cards
Other Benefits
Earn 1 credit for every whole $1,300 spent per calendar month

Features

The Heritage Bank Classic credit card has a moderately high interest rate, a moderately low annual fee and a moderate number of interest-free days. It also comes with a moderate late payment fee and a low minimum credit limit.

This card is associated with the Heritage Credits rewards program, which allows cardholders to earn points when specified spending thresholds are met during a certain timeframe. Heritage Credits can be redeemed for various rewards including gift cards.

Cardholders have access to exclusive event and entertainment offers through the Visa Entertainment program. A complimentary concierge service is also available.

In terms of security, customers are covered by Visa’s Zero Liability policy for fraudulent or unauthorised transactions.

There is no balance transfer deal associated with this card. Supplementary cards are allowed at no additional cost.

Pros
  • Moderately low annual fee
  • Rewards program
  • Allows supplementary cardholders
Cons
  • Moderately high interest rate
  • No complimentary insurance
  • Overseas spending fee charged

 

Who is it good for?

The Heritage Bank Classic credit card may be a suitable choice for those who want a standard credit card with the added benefit of a rewards program. It may also be a good option for people wishing to share an account as it allows supplementary cards (and therefore provides increased rewards-earning potential).

However, due to this card’s moderately high interest rate, it may not be suitable for people on a tight budget, as the risk of accruing debt is increased.

Likewise, it probably wouldn’t be an appropriate choice for people wanting to consolidate debt from other cards because it doesn’t offer a balance transfer deal (transferred balances are subject to the cash advance rate).

Additionally, the Heritage Bank Classic credit card probably wouldn’t be suitable for regular travellers, due to its overseas spending fees and lack of frequent flyer program.

What RateCity says

This card has most of the typical features of a standard rewards card, and it allows multiple cardholders to earn rewards on the same account, which is a nice additional benefit.

Although it has a moderately low annual fee, the trade-off is that the Heritage Bank Classic credit card doesn’t come with added perks like complimentary insurance or airport lounge access.

Additionally, the standard purchase interest rate is moderately high, and depending on your requirements, there may be other cards on the market with a comparable interest rate that offer more suitable benefits.

It also doesn’t come with a balance transfer offer, which is likely to be a downside for people with existing debt.

As such, unless this card’s specific features suit your needs, it may be worth shopping around for a card that offers either better value for money or more advantages.

Applying/eligibility

To be eligible for the Heritage Bank Classic credit card, you need to be at least 18 years of age and meet the bank’s serviceability criteria. When applying, you’ll need to provide personal details such as name, date of birth, phone number and email address. You’ll also need to provide proof of ID, employment details and proof of steady income such as bank statements or payslips. Applications can be completed online or by visiting a branch if preferred.

About the lender

Heritage Bank is Australia’s largest member-owned bank. The bank’s head office is in Toowoomba, Queensland, and it has branches throughout South East Queensland. Heritage Bank provides a variety of banking products and services, such as credit cards, bank accounts, savings accounts, personal loans and home loans, as well as business banking products and insurances. Services are available through the bank’s online portal, mobile banking app, via phone, email and in-branch.

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