Platinum card image

Heritage Bank Platinum

Advertiser disclosure
Purchase rate
16.99% p.a.
Balance transfer rate
0% p.a. for 12 months and then 18.99% p.a.
Annual fees
$125 $0 when you spend over $35,000 p.a
Interest free days on purchases

Mozo editorial review Heritage Bank Platinum - last updated: 18 November 2020

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What's hot
  • $0 annual fee when you spend $35,000 p.a.
  • Redeem points for gift cards or other rewards
What's not
  • $125 annual fee
Mozo snapshot

A card made for shopaholics everywhere is the Heritage Bank Platinum Credit Card. This rewards card will turn your next shopping trip into your best yet with its rewards scheme, which allows you to redeem points through gift or shopping cards and other retail rewards. There’s also prestigious privileges on offer like, complimentary travel insurance, concierge services and more. Or if you're keen to blast debt, the Heritage Bank Platinum Credit Card currently has a 0% balance transfer offer for 12 months. 

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Key features

With the Heritage Bank Platinum Credit Card, you’ll be treated to a number of exclusive privileges, including a rewards scheme that allows you to claim your points through retail rewards, like gift of shopping cards. You’ll also have access to 24/7 concierge service along with earning 3 Heritage Credits for every $1,500 spend per calendar month. You'll only need to rack up a balance of 64 credits before cashing in for a $100 gift card. But if you’re more of a social butterfly, you’ll be able to use this rewards card to grab tickets for concerts, shows and sporting events before they even hit pre-sale! 

Another privilege you can look forward to with the Heritage Bank Platinum Credit Card is complimentary insurance, such as international travel insurance, interstate flight inconvenience insurance, transit accident insurance, purchase cover insurance and extended warranty insurance. There’s also a guaranteed price scheme feature - if you purchase an item with your rewards card and find within 60 days another store is advertising the same product for a cheaper price, you’ll be able to claim the difference in price. 

This rewards card has a 16.99% purchase, 18.99% cash advance rate and a minimum cash advance fee of $2.50. There’s up to 55 interest free days and a late payment fee of $20. And for those looking to get rid of lingering debt, you could also take advantage of the 12 month 0% balance transfer offer. 

But something you will need to factor into your budget is the $125 annual fee and the 3.00% foreign exchange margin if you like your international online shopping.

Who is it good for

The Heritage Bank Platinum Credit Card is a good choice for practical spenders who will use their points towards gift cards or shopping trips.

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Any catches

The earn rate on this card is quite a bit lower than the average rewards card, so you need to carefully consider whether or not the benefits on offer are worth the $125 annual fee.

Rewards program details

Rates and fees information correct as at 22 January 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

0.002 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 $32,000 (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.


0% p.a. for 12 months and then 18.99% p.a.


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

Rewards privileges

Travel Insurance,
Extended Warranty,
Purchase Protection,
Guaranteed Pricing

Customer Reviews

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

Customer service

Latest reviews of Heritage Bank Platinum Credit Card

About Heritage Bank