Heritage Gold Low Rate Credit Card – Rates & Fees

Information verified correct on September 26th, 2016

The Heritage Gold Low Rate offers you the premium benefits and features without the extra costs.

This credit card is considered a ‘no fuss’ card offering no annual fee and a low interest rate and other great features including rewards schemes and insurance covers. Other additional features include customer service options, overseas use, and cash advances. You are also able to gain access to exclusive Visa services like Visa payWave, Visa Entertainment and Verified by Visa protection.

Product NameHeritage Bank Gold Low Rate Credit Card
Balance Transfer Limit95% of available credit limit
Purchase rate (p.a.)11.80% p.a.
Annual fee$0 p.a.
Interest Free Period
The interest-free period on purchases is the period or number of days you do not have to pay interest on your card purchases. You will be charged interest either from the day you make a purchase or from the statement date, unless you pay the closing balance in full by the due date (or within the interest-free period) on your statement.
0 interest free days
Cash advance rate (p.a.)11.80% p.a.
Min credit limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$1,000
Max credit limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$75,000
Minimum Monthly Repayment3% or $30 whichever is the greater
Card TypeVisa
Late Payment Fee$20
Foreign Currency Conversion Fee (VISA)2.5% of transaction value
Complimentary Travel InsuranceNo
Available To Temporary ResidentsNo
Joint ApplicationNo
Minimum Age18 years of age
Available to Temporary ResidentsNo
Credit Rating Requirement
Credit rating requirement is provided only as a guide. Understanding your credit file helps you make more informed decisions in regards to your finances. Learn more about what this means here.
Good
Min Credit Limit
This is the lowest credit card limit that you can request. It is possible to apply for a higher credit card limit but not a lower one than this figure.
$1,000
Max Credit Limit
This credit limit may not be issued to you immediately on application. This is the maximum credit limit for this card which must be applied for or offered to you after you are approved and have already opened the account.
$75,000
Annual Fee$0 p.a.
Minimum Repayment3% or $30 whichever is the greater
Late Payment Fee$20
Over Limit Fee$20
Cash Advance Fee$2.50
Overseas Cash Advance Fee$5.00 (plus overseas currency conversion service fee)
Overseas Emergency Replacement$200
Overseas ATM Balance check$0
Overseas ATM Withdrawal Fee$5
Foreign Currency Conversion Fee (VISA)2.5% of transaction value
Gambling Transactions AllowedNo
Additional Cardholder Fee$7.50 p.a.
BPAYYes
ChequeYes
Direct DebitYes
Australia PostYes
Phone BankingYes
Internet Banking TransfersYes
In BranchYes
MailYes

Heritage Gold Low Rate Credit Card review

This credit card is considered a ‘no fuss’ card offering no annual fee and a low interest rate and other great features including rewards schemes and insurance covers. The Heritage Gold Low Rate Credit Card offers a low interest rate on purchases for 11.80% p.a.. The cash advance rate is also a competitive rate of 11.8% p.a. It also offers other great features including rewards schemes and insurance covers. Other additional features include customer service options, overseas use, and cash advances. You are also able to gain access to exclusive Visa services like Visa payWave, Visa Entertainment and Verified by Visa protection.

Benefits of the Heritage Bank Gold Low Rate Credit Card

  • Have your annual fee waived. The bank also has a special offer that sees the annual fee waived for the entire contract period.
  • Withdraw cash from ATMs when you find yourself without ready money. For those times where you needed cash in your pocket you have the opportunity to take a cash advance from your Gold Low Rate credit card. The interest rate is a competitive 11.8% p.a.
  • Focus on paying off your balance. This period puts your interest charges on hold for a period of time. This allows you to focus all of your repayments on your balance instead of worrying about the additional money that’s needed to go towards paying accruing interest. By paying down your balance again you’ll be able to get closer to your next interest-free period.

Features of the Heritage Bank Gold Low Rate Credit Card

  • Use Visa payWave for more convenient shopping experiences. You’re able to use Visa payWave when making transactions under $100. All you have to do was wave your credit card in front of a payWave reader at participating locations.
  • Affordable repayments. The minimum repayment on this card is 3% or $30 whichever is the greater.
  • Wide credit. With this card you’re able to get a minimum credit limit of $1,000 and maximum limit of $75,000.
  • Link to a transaction account. You are able to link your credit card to a transaction account for easy access to your money.
  • Overseas emergency replacement. For a fee of $200 you are able to get your card replaced even while overseas.
  • ATM access available. You can withdraw cash from your credit card from domestic and international ATMs.
  • No mandatory fees. There are no other mandatory fees connected to this credit card. All other fees can be avoided.
  • Get exclusive deals on tickets and special items with Visa Entertainment. With Visa Entertainment you’re able to get access to concert, movie, and other performance tickets before they go on sale. You also have access to certain merchandise like DVDs, books, and audio CDs before they were put on sale to the general public.
  • Feel safe with Verified by Visa. With this service you’re able to enter in a username and password when making online purchases. This offers added protection for your credit card and it also helps make paying for your items faster as it saves your payment information.
Back to top

How to apply for the Heritage Bank Gold Low Rate Credit Card

Application criteria

Simply complete the online application for the Heritage Bank Gold Low Rate Credit Card, but make sure to meet these eligibility requirements.

  • You must to be at least 18 years old
  • You need to be a permanent Australian resident or citizen
  • You need to have a good credit history

Once you were sure that you met the eligibility criteria you were able to apply for the offer through Heritage Bank’s website. It was recommended to have the required documents on hand to make the application process go smoother.

Required information

  • Identification information. You needed your driver’s license, passport, Medicare card, and/or birth certificate to verify your identity.
  • Income information. You needed to provide payslips or similar financial documents to verify your income. You also needed employment details including your employers contact information.
  • Assets and liabilities. You needed to provide a list of your assets and liabilities as well.
  • Self-employment information. If you were applying for this offer and were self-employed you’d have to provide accountancy figures and tax assessments from the last two years.Back to top
Was this content helpful to you? No  Yes

Ask a Question

You are about to post a question on finder.com.au

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

2 Responses to Heritage Gold Low Rate Credit Card – Rates & Fees

  1. Default Gravatar
    greg | August 20, 2016

    Hi ,, my wife and i both hold nab credit cards but different accounts ,, id like to move to heritage and consilidate both of our debt onto the one card , is there a way i can do this cheers

    • Staff
      May | 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

Credit Cards Comparison

Rates last updated September 26th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 18 months on balance transfers and 1% p.a. for 12 months on purchases, plus a low annual fee.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.com.au has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

Ask a question
feedback