Heritage Bank Classic

17.99% p.a.

No current offer

$55 $0 when you spend over $25,000 p.a

Revealing rewards

How do we do it?

To work out the "Rewards value minus fees" in our Rewards Revealer we:

  • calculate how many points you'd get each year,
  • figure out how many flights or gift cards or cashback credits you could get for those points,
  • work out what that's actually worth to you,
  • take off the annual fee you'd pay.

More details:

  • Our calculations are designed to help you compare the value of different rewards schemes. To do this, we've looked at earning a one-way Sydney-Melbourne flight excluding taxes and charges, a return Sydney-London flight excluding taxes and charges, a $100 shopping Gift Card and $100 cashback. Most cards will also offer other rewards, which may be worth more or less than the ones we've shown.
  • We have made no allowance for bonus points for using your card at specific merchants, introductory offers or special offers. We have not assigned any value to instant discounts, insurances, ticketing and concierge services or other such benefits.
  • Rewards value calculations do not take credit card interest into account. If you do not pay off your card each month you may be better off looking for a card based on interest rates than on the value of rewards.
  • In products that have more than one card, a different mix of spend between American Express / Visa / Mastercard will give different results. Mozo's Rewards Revealer lets you choose the mix based on the way you would use such a product, and gives you tailored results.
  • We assume flights purchased with airline points are 'classic' or 'reward' economy seats with restricted seat availability. 'Any seat' rewards will probably cost more.
  • To compare the value of flight rewards, we sample online retail flight prices once a quarter based on the average price on a Wednesday 3 months in advance but outside NSW school holidays. For domestic flights we take the lowest available fare from each flight on that day from Qantas Red e-deal, Virgin Australia Saver including baggage and Jetstar Starter including baggage. We calculate the average price excluding taxes and surcharges for each airline, and also the average across all airlines (which we use when rewards are travel agent vouchers). For international flights, we take the lowest available fares on that same Wednesday from each of Qantas, Emirates, Malaysian, Etihad, Singapore, Cathay Pacific and Thai, assuming a return flight 2 weeks later, calculate the average price before taxes and surcharges and use this as our assumed cost of a flight on any airline.
  • Shopping rewards are based on $100 gift cards from a major national department store.
  • We make every effort to ensure our calculations are correct and up to date but make no guarantees.

Rewards scheme

  • Redeem your points for gift cards, retail rewards and shopping gift cards.

Value of rewards points

  • Need to spend $83,117 (Visa)

  • Uncapped

  • 36 months

Details behind our 'value of rewards' calculations

  • 0.00077 points per dollar on Visa, uncapped

  • 64 points buys a Myer $100 Gift Card

* How did we do it? Find out...

Rates

  • 17.99% p.a.

  • none

  • No current offer

  • none

  • 17.99% p.a.

  • 55

Fees

  • $55.00

  • none

  • 25000

  • none

  • $20.00

  • 2%, Min $2.50

  • 3.00%

  • $7.50

  • $12.00

  • $0.00

Other financial bits

  • $30.00

  • 3.0

Features

  • 2

  • $7.50 per card for the 3rd and subsequent supplementary cards.

  • none

About Heritage Bank

Heritage is Australia's largest member-owned bank. With a history going back to 1875, Heritage helps Australians realise their financial dreams. Heritage focuses on putting people first, not pursuing massive profits. They offer customers a full range of competitive personal banking products from home loans, saving accounts, term deposits, credit cards and much more.

How are Heritage Bank credit cards rated by the Mozo community?

Product Type Overall Rating Price Features Service Convenience Trust
8.2

Based on 44
Heritage Bank credit cards reviews

7.8 7.2 8.5 8.5 8.1

Read Heritage Bank credit card reviews by the Mozo community

Latest reviews of Heritage Bank Classic

Heritage Bank

Heritage Bank Classic credit card review

Overall rating   9 / 10

Excellent and local customer service

Heritage Bank is great. They are local and their customer service representatives are local. They seem to be a no frills bank, that is focused on customer service. I would rate every single phone call I've had with them as a ten out of ten, ...

Full review

Heritage Bank is great. They are local and their customer service representatives are local. They seem to be a no frills bank, that is focused on customer service. I would rate every single phone call I've had with them as a ten out of ten, except for one girl who probably needed more training. I would recommend them to anyone.

    Price   8 / 10

    Features   6 / 10

    Customer service   9 / 10

    Convenience   7 / 10

    Trust   10 / 10

Less

Este (QLD), reviewed 5 months ago

Heritage Bank

Heritage Bank Classic credit card review

Overall rating   3 / 10

I wouldn't recommend my bank

I need another bank card

Full review

I need another bank card

    Price   4 / 10

    Features   0 / 10

    Customer service   4 / 10

    Convenience   3 / 10

    Trust   3 / 10

Less

Beau (QLD), reviewed 5 months ago

Heritage Bank

Heritage Bank Classic credit card review

Overall rating   4 / 10

Non competitive, great customer service.

I have heard negative things about Heritage, it is great speaking to a person when I have a query, however they are not available 24/7 for 'emergencies' and are not very competitive when it comes to rewards

Full review

I have heard negative things about Heritage, it is great speaking to a person when I have a query, however they are not available 24/7 for 'emergencies' and are not very competitive when it comes to rewards

    Price   4 / 10

    Features   3 / 10

    Customer service   3 / 10

    Convenience   7 / 10

    Trust   2 / 10

Less

Laura (QLD), reviewed over 2 years ago

Heritage Bank

Heritage Bank Classic credit card review

Overall rating   0 / 10

Rates too high but customer service is good.

The bank charges for any transactions over 10 each month.

Full review

The bank charges for any transactions over 10 each month.

    Price   0 / 10

    Features   0 / 10

    Customer service   5 / 10

    Convenience   4 / 10

    Trust   0 / 10

Less

Estelle (QLD), reviewed about 3 years ago

Heritage Bank

Heritage Bank Classic credit card review

Overall rating   10 / 10

Great service always

I have been with the other banks, don't know why I just didn't stay with Heritage.

Full review

I have been with the other banks, don't know why I just didn't stay with Heritage.

    Price   9 / 10

    Features   10 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Max (QLD), reviewed about 3 years ago

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

**Saving based on the average difference in fees and charges over 3 years between the most competitive product Mozo can refer a consumer to and the average credit card product input by 6,863 consumers (average balance of $4,262 or balance transfer balance of $5,818, interest rate of 19.6% and annual fee of $36.50) who used the Mozo Credit Card Health Check tool between 1 January 2012 to July 2012.

Compare other credit cards
Advertisement