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Electronic Wallet Service

Important Rates


Balance Transfer

Overseas spending



Earn Rates

RateCard TypeEarnsCondition
0.00076923 points for $1 spentVisauncappedeligible transactions
  • Free Supplementary Cards


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.

  • Moderately low annual fee
  • Rewards program
  • Allows supplementary cardholders
  • 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.


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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