When you apply and get approved for the Heritage Bank Gold Low Rate card, you will get 0% p.a. for the first 12 months on balance transfers that you request as part of your application. You can also save on credit card costs with a $0 annual fee for life.
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Heritage Bank Gold Low Rate Credit Card
Terms and conditions apply
- Balance transfer rate for 12 months with no balance transfer fee
- 0% p.a.
- Purchase rate
- 11.8% p.a.
- Annual fee
- $0 p.a.
Our verdict
Save with a 0% interest rate on balance transfers for 12 months and pay no annual fee ever with the Heritage Bank Gold Low Rate credit card.
Pros
-
0% p.a. for 12 months on balance transfers
-
$0 annual fee
-
Low interest rate of 11.8% p.a. on purchases and cash advances
-
Access to Visa Offers and Perks
Cons
-
No interest-free days on purchases
-
Charges a 3% foreign transaction fee
Details
Product details
| Product Name | Heritage Bank Gold Low Rate Credit Card |
| Balance transfer rate p.a. | 0% for 12 months, then 11.8% |
| Balance transfer limit | 95% of available limit |
| Purchase rate p.a. | 11.8% |
| Interest-free period | |
| Cash advance rate p.a. | 11.8% |
| Min credit limit | $1,000 |
| Card type | Visa |
Eligibility
| Available to temporary residents | No |
| Joint application | No |
Rewards
| Bonus points | N/A |
Fees
| Annual fee | $0 |
| Minimum monthly repayment | 3% of the closing balance or $30, whichever is greater |
| Late payment fee | $20 |
| Foreign currency conversion fee | 3% |
| Cash advance fee | 2% or $2.50, whichever is greater |
| Overseas ATM withdrawal fee | $5 |
| Additional cardholder fee | $7.50 |
Well done, Heritage Bank!
The Heritage Bank Gold Low Rate Credit Card scored highly for its low 11.8% interest rate, which gives people another way to save on credit card costs. With an ongoing $0 annual fee, it was also a finalist in this category in 2023. But unlike the other finalists, it does not offer interest-free days.
Full list of 2024 winnersHow to apply
You can apply for the Heritage Bank Gold Low Rate credit card online by filling in a secure application form. Before you get started, make sure you meet the following eligibility criteria and have all the details you'll be asked for when you apply.
Eligibility criteria
- Balance transfer debt. If you want to take advantage of a balance transfer promotion, Heritage allows you to transfer from $200 up to 95% of your approved credit limit from up to 4 non-Heritage issued credit cards.
- Residency. You must be an Australian citizen or permanent resident.
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Amy Finder
Editor
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Amy Bradney-George Finder
December 05, 2023
Hi June,
Using a credit card for a cash advance is typically expensive because you’ll be charged cash advance fee and interest charges straight away. Some lenders also have a daily cash advance limit. For example, Heritage Bank also has a $1,000 daily cash limit for credit card ATM withdrawals or EFTPOS “cash out” transactions. It’s possible to request a change to the limit but important to be aware of it before getting a card specifically for a cash advance. Finder’s guide to credit card cash advances has more details about what to consider. In regards to paying an existing debt, it may also be worth considering a personal loan that’s designed to manage existing debt. I hope this helps.
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Jessica Kate Muller
October 05, 2023
I’m currently on the Disability Support Person and earn a little over 1300$ a fortnight. I want a credit card that has no annual income fee and can be used for cash advances please help me choose?
Amy Bradney-George Finder
October 08, 2023
Hi Jessica,
You can compare credit cards for people on Centrelink in Finder and learn more about the different payments that are accepted, as well as eligibility criteria.
Keep in mind that most credit cards charge a 2-3% fee for cash advances and have a separate cash advance interest rate. While this card has the same interest rate for purchases and cash advances, most cards charge a higher cash advance rate that can be up to around 30%. This is much higher than the rates offered on personal loans, as an example. There are also some no interest loans that may be available for essentials, depending on your circumstances. I hope this helps.
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Greg
August 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
May Finder
August 31, 2016
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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June
December 05, 2023
I need a credit card for $5,000 that I can use the 5k as a cash advance to pay an outstanding debt is this the best card