Heritage Bank Gold Low Rate

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.