Platinum card image

Heritage Bank Rewards

Advertiser disclosure
Purchase rate
17.99% p.a.
Balance transfer rate
0% p.a. for 12 months and then 19.99% p.a.
Annual fees
$125
Interest free days on purchases
55

Mozo editorial review Heritage Bank Rewards - last updated: 8 July 2024

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What's hot
  • $0 annual fee when you spend $35,000 p.a. or more
  • 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 17.99% purchase, 19.99% 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.

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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 18 July 2024. 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

Every whole $1,500 spent per calendar month receives 3 credit points for that month. Redeem your points for gift cards, retail rewards and shopping gift cards.

Value of rewards points

Spend $32,000 (Visa)

Uncapped

36 months

How do we calculate these points?

Rate and fee details

Rates

17.99% p.a.

none

0% p.a. for 12 months and then 19.99% p.a.

yes

19.99% p.a.

55

Fees

$125.00

none

$35,000.00

none

$20.00

2%, Min $2.50

3.00%

$7.50

$12.00

$0.00

Features

$30.00

3.0

2

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

Payment options

Apple Pay, Google Wallet, Samsung Pay

Rewards privileges

Concierge,
Travel Insurance,
Extended Warranty,
Purchase Protection

Other benefits

$0 annual credit card fee when you spend $35,000/year and over on Visa Purchases.

Customer Reviews

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

Overall
8.4/10
Price
7.5/10
Features
7.0/10
Customer service
8.5/10
Convenience
8.2/10
Trust
8.2/10
Based on 135 Heritage Bank credit card reviews as rated by the Mozo customers. More about the Mozo Customer Ratings.
Mozo recommends that ratings are only one factor to be taken into account when deciding whether to take up any financial product offer.

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