Bank of Heritage Isle

Compare the Bank of Heritage Isle credit card, focusing on features, rates, and fees, to make a well-informed application decision.

Bank of Heritage Isle credit card

Balance transfer

N/A

Purchase rate

10.76% p.a. ongoing

Interest-free days

Up to 55 days on purchases

Annual fee

$0.00 for 1st year

Details

  • Interest rate of 10.76% remains consistent across purchases, cash advances, and balance transfers.
  • The initial annual fee of $30 is exempted for the inaugural year.
  • Supports Apple Pay, Google Pay, and Samsung Pay.

Pros & cons

Pros
  • Annual fee of $30 waived in the first year.
  • Low ongoing interest rate on purchases, cash advances, and balance transfers.
  • Up to 55 days interest-free on purchases.
Cons
  • The Bank of Heritage Isle Visa is a low rate credit card and does not offer rewards or bonus points.

Bank of Heritage Isle is a mutual bank focused on customers in Tasmania, offering services to anyone in Australia over the age of 18. It provides one Visa credit card featuring simple, low-cost benefits and compatibility with Apple Pay, Google Pay, and Samsung Pay.

Types of Bank of Heritage Isle credit cards

Low rate credit card

The Bank of Heritage Isle Visa Credit Card offers a low ongoing interest rate of 10.76% p.a. and up to 55 days interest-free on purchases when you pay your full closing balance by the due date on your statement. It has an annual fee of $30, waived in the first year, making it competitive with other low interest rate cards.

Benefits of a Bank of Heritage Isle credit card

10.76% p.a. balance transfer offer

If you're paying off an existing credit card, switching to the Bank of Heritage Isle Visa could help you save on interest charges with an introductory 10.76% p.a. interest rate on balance transfers for the first few months.

After the introductory period, any remaining balance transfer debt will attract the card's ongoing 10.76% p.a. interest rate, which is a low revert rate for a balance transfer card.

Visa benefits

Use your Bank of Heritage Isle credit card worldwide wherever Visa is accepted. You'll also gain access to deals on travel, shopping, dining, and entertainment through Visa Offers + Perks.

Mobile payments

Add your Bank of Heritage Isle Visa credit card to your digital wallet with Apple Pay, Google Pay, or Samsung Pay to make contactless payments directly from your mobile device.

Reduced fees program

If you have a combined balance of more than $5,000 in savings, investments, and drawn loans, you can enjoy more fee-free ATM withdrawals, EFTPOS transactions, and personal cheques than what's normally offered to Bank of Heritage Isle members.

Help choosing a Bank of Heritage Isle credit card

Get tailored guidance for choosing the right Bank of Heritage Isle credit card to match your financial goals and lifestyle.

  • FAQs

Can I apply for a Bank of Heritage Isle credit card online?

Yes, you can apply for a Bank of Heritage Isle credit card online by visiting their website, selecting the credit card option that best suits your needs, and filling out the application form with the required personal and financial information.

What is the minimum income requirement for Bank of Heritage Isle credit cards?

The minimum income requirement for Bank of Heritage Isle credit cards varies depending on the specific card you are applying for. It's important to check the details for the card you're interested in or contact Bank of Heritage Isle directly to find out the exact requirement.

Are there any annual fees associated with Bank of Heritage Isle credit card?

The Bank of Heritage Isle Visa Credit Card waives the fee for the first year, then charges $30 annually. For detailed fee information, refer to the card’s terms and conditions.

Does Bank of Heritage Isle offer balance transfer options on their credit cards?

No, Bank of Heritage Isle offers a low-rate credit card that does not include a rewards program.

Is there a contactless payment feature available on Bank of Heritage Isle credit cards?

Yes, Bank of Heritage Isle credit cards are equipped with contactless payment features, allowing for quick and secure payments by tapping your card at contactless-enabled payment terminals. This feature is convenient for making fast transactions without the need to enter a PIN for purchases under a certain limit.

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