Classic card image

Heritage Bank Classic

Advertiser disclosure
Purchase rate
16.99% p.a.
Balance transfer rate
No current offer
Annual fees
$55 $0 when you spend over $25,000 p.a
Interest free days on purchases

Mozo editorial review Heritage Bank Classic - last updated: 1 April 2020

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What's hot
  • $0 annual fee if you spend over $25,000 p.a. ($55 otherwise)
  • Up to 55 interest free days
What's not
  • $55 annual fee if you spend under $25,000 p.a.
Mozo snapshot

Looking for a credit card that gives you the convenience of paying in whatever way you want? Introducing the Heritage Bank Classic credit card, with the option to pay for products using your smartphone, along with up to 55 interest free days. 

If you’re someone who will spend over $25,000 per year on your credit card, the Heritage Bank Classic card rewards you with a $0 annual fee, although if you’re a rewards lover, this card may not pack the punch you’re after. 

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Key features

Starting with credit card basics, the Heritage Bank Classic card has a 16.99% p.a. purchase rate, 55 interest free days, and a $55 annual fee which drops down to $0 if you spend over $25,000 a year. 

And if you love shopping without having to carry the physical card with you, the Heritage Bank Classic card allows you to purchase items using Google Pay, PayID, Samsung Pay and Garmin Pay. 

The Heritage Bank Classic credit card also has a rewards program, although it isn’t the star of the show, with each dollar spent on Visa earning you 0.00077 points, without any cap. Once you accrue 64 points (an $83,117 spend on Visa), you’ll have enough for a $100 gift card . But bear in mind the points will expire after 36 months. 

Who is it good for

The Heritage Bank Classic card is a good choice for big spenders who want more options for how they pay for their goods: whether with their physical card, with their phone or with cash. 

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Any catches

While you can share your Heritage Bank Classic credit card with two other people without additional costs, there’s a fee of $7.50 per card if you want more than two. Plus, don’t forget that if you don’t meet the $25,000 annual spend, you’ll pay a $55 annual fee.

Rewards program details

Rates and fees information correct as at 16 May 2022. Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
What your points get you

Fly Sydney to London return


Fly Sydney to Melbourne one-way


$100 Giftcard

64 points

$100 Cash


Points earning

0.00077 points per dollar on Visa, uncapped

Rewards scheme

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

Value of rewards points

Spend $83,117 (Visa)


36 months

How do we calculate these points?
How do we calculate the rewards?

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.


Rate and fee details


16.99% p.a.


No current offer


18.99% p.a.








2%, Min $2.50









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

Payment options

Apple Pay, Google Pay, Samsung Pay

Customer Reviews

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About Heritage Bank