Heritage Bank Visa Platinum Credit Card

Name: Heritage Bank Visa Platinum Credit Card
Brand: Heritage Bank
Rating: 3.4 (1 reviews)

1 review

Data last updated 5 August 2026

17.99%

Purchase rate

$125

Annual fee

55 days

Interest-free

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Heritage Bank Visa Platinum Credit Card card

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CardIQ

42Fair

Fair

Overall score, out of 100 · How this works

55 days interest-free51
Balance transfer64
Low rate43
Rewards17
Travel37

Customer reviews

3.4

Based on 1 review

JeanDoesn't recommend

There was a very long application process. We applied for a joint credit card, and we felt like we were applying for a million dollar loan – they ask you for so much paperwork. We live in Sydney so everything is by regular post and you have to do the ID check via Australia Post,…

Pros & cons

What's good

12 months at 0% p.a. on balance transfers, longer than the 12-month median (no transfer fee, reverts to 19.99% p.a.).
The 17.99% p.a. purchase rate is below the 18.99% p.a. market median.
Complimentary international travel insurance, purchase protection and extended warranty.
Complimentary concierge service.

Worth noting

Earns 3 Heritage Credits per $1,500 on everyday spend, below the dataset average.
3% foreign transaction fee on overseas spending.

Card details

The basics

Additional cardholder fee: $8 p.a.
Card tier: Platinum
Card type: Visa
Card use: Personal
Credit limit: $6,000 – $500,000
Credit rating: Good
Rewards program: Heritage Credit Rewards

Eligibility

Instant approval: No
Joint application: Yes
Membership: Not yet verified
Minimum age: 18 years old
Minimum income: Not specified
Residency: Australian citizen or permanent resident
Temporary residents: Not eligible

Rates & fees

Ongoing interest rates

Cash advances: 19.99% p.a.
Purchases: 17.99% p.a.

Fees

Additional cardholder fee: $8
Annual fee: $125 p.a.
Cash advance fee: 2% of the amount
Foreign transaction fee: 3%
Late payment fee: $20

Repayments

Interest-free period: Up to 55 days on purchases
Minimum repayment: 3% of the closing balance or $30, whichever is greater

Balance transfers

Can't transfer from: Heritage Bank, People First Bank
Limit: Up to your available credit limit
Period: 12 months
Promotional rate: 0% p.a.
Revert rate: 19.99% p.a.
Transfer fee: 0%

While you carry a transferred balance you may not receive interest-free days on new purchases.

Introductory purchase offer

This card has no introductory purchase rate offer. If you're carrying a balance or planning a big spend, compare 0% purchase cards.

Rewards

Earn rate

Everyday spend: 3 Heritage Credits per $1,500
Bonus categories: None
Other purchases: None
Overseas spend: None
ATO/government: None
Reduced rate above monthly cap: None
Points cap: Uncapped
Points expiry: Points don't expire while your account is open and in order.

Sign-up bonus

Bonus spend required: —
Sign-up bonus: —

Complimentary insurance

Cover has conditions and exclusions, which are set out in the issuer's PDS. A missing row means we haven't captured that figure, not that the cover is absent.

Overseas travel

Activation: Prepay part of the trip on the card
Activation spend: $950
Cover limit: $20,000,000
Excess: $250
Maximum trip length: 90 days
Not covered: Pre-existing conditions, unless the insurer agrees in writing
Underwriter: Allianz Australia Insurance Limited

Purchase protection

Activation: Pay for the item with the card
Annual limit: $15,000
Cover period: 90 days
Excess: $250
Not covered: Cash, consumables and animals
Voids cover: Leaving the item unattended in a public place
What it pays: Theft, loss and accidental damage

Extended warranty

Activation: Pay with the card for an item under manufacturer's warranty
Annual limit: $25,000
Excess: $250
Not covered: Anything the manufacturer's warranty already excluded
Per-item limit: $5,000
What it pays: Mechanical failure once that warranty ends

Where this card sits vs similar cards

Compared with every other personal credit card we list that has the feature. The further right the dot, the better this card does.

FeatureThis cardWhere it ranks

Interest-free days55 daysTop 10% (6th of 192 cards)

Balance transfer0% for 12 monthsTop 25% (15th of 66 cards)

Overseas fee3.00%Better than most (53rd of 200 cards)

Purchase rate17.99%Middle of the market (89th of 196 cards)

Annual fee$125 a yearNot as good as most cards (123rd of 200 cards)

Data as at August 2026. Rates change often, so check the issuer's terms. Factual information, not a recommendation.

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Sources

Credit Card Compare: Australian credit card statisticsHow CardIQ scores cards
Government: Product reference data (Consumer Data Right)
Issuer: Heritage Bank