Platinum

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Basic

Card Level
Card Level
Platinum
Interest Free Days
Interest Free Days
55
Maximum credit limit
Maximum credit limit
No set max
Minimum credit limit
Minimum credit limit
$6,000
Minimum repayment dollars
Minimum repayment dollars
$30
Minimum repayment percent
Minimum repayment percent
3
Number free supplementary
Number free supplementary
Annual Fee
Annual Fee
$125
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
Platinum
Interest Free Days
Interest Free Days
55
Maximum credit limit
Maximum credit limit
No set max
Minimum credit limit
Minimum credit limit
$6,000
Minimum repayment dollars
Minimum repayment dollars
$30
Minimum repayment percent
Minimum repayment percent
3
Number free supplementary
Number free supplementary
Annual Fee
Annual Fee
$125
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
0%
for 12 months then 17.99%
Transfer Limit
Transfer Limit
95%
of the chosen credit limit
Balance Transfer Fee
Balance Transfer Fee
$0
Balance Transfer Rate
Balance Transfer Rate
0%
for 12 months then 17.99%
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
0.002 points for $1 spentVisauncappedeligible transactions

Perks

  • Concierge
  • Special Events
  • Extended WarrantyWarranty is extended for the same duration as the original warranty up to 1 year for items that cost less than $20,000
  • Free Domestic Travel Insurance
  • Free International Travel Insurance
  • Price GuaranteeIf you purchase personal goods in Australia and then find the same product advertised later at a cheaper price within 60 days of purchase, from a store within 25km of the store where the item was purchased, you can claim back the difference if it is more than $75.
  • Purchase ProtectionCovers up to $15,000 per year.
  • Rental Car Excess Insurance
  • Free Supplementary Cards
Other Benefits
Earn 3 credits for every whole $1,500 spent per calendar month

Features

The Heritage Bank Platinum is a platinum credit card offering cardholders access to a 24/7 concierge service, a range of complimentary insurances and access to presale tickets through Visa Front Line Access.

The Heritage Bank Platinum credit card has a moderately high interest rate, a moderate amount of interest-free days and a moderately high annual fee which can be waived if a minimum annual spend is reached. This card has a minimum credit limit of $6,000.

This card is not linked to a frequent flyer rewards program, but registered members can turn their spending into credits which can be redeemed for gift cards or merchandise.

Customers looking to consolidate debt may benefit from the 0 per cent balance transfer rate for 12 months (up to 95 per cent of credit limit). Once the promotional period ends, the card will revert to the moderately high standard rate.

Pros
  • Balance transfer
  • Rewards program
  • Complimentary insurance
Cons
  • Annual fee charged
  • No frequent flyer points
  • High interest rate

Who is it good for?

The Heritage Bank Platinum card offers cardholders access to a range of platinum features. The moderately high interest rate and annual fee can make this card an expensive option for those who don’t manage to pay their monthly balance off in full.

Regular spenders won’t be able to turn their eligible purchases into points. You can earn Heritage Credits, which can be redeemed for merchandise and gift cards. Other perks include access to pre-sale tickets and exclusive travel offers.

Frequent flyers may benefit from the range of complimentary insurances offered, such as international travel insurance, interstate flight inconvenience insurance, and transit accident insurance. there is a moderate fee charged for international transactions.

buyers looking for extra protection are covered by complimentary extended warranty insurance, guaranteed pricing scheme and purchase cover insurance.

Customers looking for a card that offers both platinum features and hefty rewards may want to compare their options.

What RateCity says

The Heritage Bank Platinum card is linked to the Heritage Credits rewards program which can be redeemed for merchandise, tickets to shows or gift vouchers at retailers like David Jones, Myer, Target, Woolworths, JB Hi-Fi and Harvey Norman to name a few. If you’re looking for a card that lets you turn your everyday eligible purchases into frequent flyer points, you may want to shop around.

The card offers a moderate interest-free period and a 0 per cent balance transfer option for 12 months. However, the moderately high interest rate and annual fee make this card less suitable for those looking to cut costs.

A wide range of purchase protection and complimentary insurances are available for frequent shoppers and travellers. However, it’s worth pointing out there is a fee for international transactions.

With any platinum credit card, always do your research to make sure the rewards outweigh the costs.

Applying/eligibility

To be eligible for the Heritage Bank Platinum Credit Card, you must be able to provide proof of employment and income. You’ll need to be at least 18 years old and be either an Australian resident or citizen and have a clean credit history. At the time of application, you’ll need to provide proof of ID and details of any other income, assets or debts. Applications can be made online or in-branch. 

About Heritage Bank

Starting out in 1875 as the Toowoomba Permanent Building Society, Heritage Bank is one of the longest-standing, customer-owned financial institutions in Australia. Over the years, Heritage Bank has expanded its range of financial products like credit cards, home loans and savings accounts. Heritage Bank has a network of over 60 branches spread across Brisbane, Sunshine Coast and Wide Bay Burnett areas. Customers can contact the bank via the customer service centre, mobile app, online banking or via email.

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