Heritage Bank Gold Low Rate

11.80% p.a.

0% p.a. for 12 months and then 11.80% p.a.

$0

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Heritage Bank Gold Low Rate Review

Review published: 25 October 2017

What's hot:

  • Mozo 2017 Experts Choice winner

  • Low 11.80% purchase rate

  • 0% balance transfer rate for the first 12 months

What's not:

  • No interest free days

Mozo snapshot:

The Heritage Bank Gold Low Rate Credit Card is one of Heritage Bank’s most popular cards - and not just because it won an Experts Choice Award for Balance Transfer Credit Card. This low rate card offers a 11.80% purchase and cash advance rate and of course, a 0% balance transfer rate for the first 12 months. If you’re on the hunt for a low rate credit card, you may have just found a new addition to your wallet - the only catch is, there are no interest free days on offer.

Key features:

Being Australia’s largest memeber-owned bank, Heritage Bank has got your back when it comes to their low rate credit card. The Gold Low Rate Credit Card offers a 11.80% purchase and cash advance rate along with no annual fee. One thing you should keep in mind about this credit card is that there are no interest free days on offer. 

With the Heritage Bank Gold Low Rate Credit Card, you’ll receive a few special privileges, similar to a rewards card. Visa Entertainment is one of the programs you’ll have access to, where you can get your hands on tickets before they hit pre-sale and other hot offers involving travel or sporting events. You’ll also enjoy faster payments for items under $35, like your lunch or morning coffee, with Visa’s small ticket transaction service - a service designed to increase transaction speed and convenience for cardholders. 

Clearing debt will also be a breeze with the Heritage Bank Gold Low Rate Credit Card, thanks to its 0% balance transfer rate for the first 12 months. Once this period has ended, the rate will then revert to 11.80% - a manageable rate for that leftover debt. 


Who it's good for:


The Heritage Bank Gold Low Rate Credit Card might be a good choice for spenders who know they’re going to wind up carrying a balance from month to month. For these spenders, the lack of interest free days won’t really matter, and the low interest rate will keep costs manageable. On the other hand, if you faithfully pay off your balance each month, you may be better off opting for a card where you can take advantage of interest free days.


Any catches?

As mentioned above, there are no interest free days with the Heritage Bank Gold Low Rate Credit Card. This means that you’ll automatically be charged interest for any purchases you make.



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 Gold Low Rate

Heritage Bank

Heritage Bank Gold Low Rate credit card review

Overall rating   10 / 10

As above.

Best bank ever tried. Reasonable rates. No costs, excellent returns on Visa.

Full review

Best bank ever tried. Reasonable rates. No costs, excellent returns on Visa.

    Price   10 / 10

    Features   8 / 10

    Customer service   10 / 10

    Convenience   10 / 10

    Trust   10 / 10

Less

Barry (QLD), reviewed about 3 years ago

Heritage Bank

Heritage Bank Gold Low Rate credit card review

Overall rating   8 / 10

Personal service, respect and trust

I have been with Heritage since I was a teenager, I have had home loans, personal loans, car finance, insurance, debit, savings and credit accounts and have never had any problems. My local bank manager and staff know my name and are happy to help...

Full review

I have been with Heritage since I was a teenager, I have had home loans, personal loans, car finance, insurance, debit, savings and credit accounts and have never had any problems. My local bank manager and staff know my name and are happy to help me with any of my banking needs throughout the ups and downs of my financial life.

    Price   8 / 10

    Features   6 / 10

    Customer service   8 / 10

    Convenience   8 / 10

    Trust   10 / 10

Less

Philippa (QLD), reviewed over 4 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.

Rates

  • 11.80% p.a.

  • none

  • 0% p.a. for 12 months and then 11.80% p.a.

  • yes

  • 11.80% p.a.

  • 0

Fees

  • $0.00

  • none

  • none

  • 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.

**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.

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