For a limited time
The experts have spoken.
How we Compare#
This information is current as at 1 March 2019. Interest rates and annual fees are verified by each Financial Institution. All interest rates and fees quoted in the table are subject to change. Bank of Heritage Isle recommends Members seek independent verification.
A low ongoing rate of just
For a limited time only on Balance Transfer
0% p.a for 12 Months*
Balance Transfers Explained
A balance transfer is where we provide credit to pay off an outstanding amount on a non-Bank of Heritage Isle Visa Credit Card.
A common misunderstanding is that a 12 month 0% balance transfer offer means that interest will not be charged at all on your Visa Credit Card for 12 months.
Interest will not be charged on the amount you transfer to your Bank of Heritage Isle Visa Credit Card when you take up the special 0% balance transfer offer. However, interest will still be charged in the normal way on any other debits to your account.
For example, if you make purchases on your card, interest will be charged on your purchases balance, except to the extent the 55 days interest free period applies, at the purchase rate (currently 10.76%).
The amount of the 0% balance transfer will be included in the Closing Balance shown on your Visa Credit Card statement.
This means that the 55 days interest free period will not apply in relation to your purchases if you do not pay the full Closing Balance (including the 0% balance transfer) on your statement by the due date.
If you do not pay off the amount you transferred during the Balance Transfer period, the interest rate on the remaining balance will revert to our standard variable Visa Card rate, currently 10.76% p.a.
Who can apply for a Credit Card?
You can only apply for a Credit Card as an individual. To apply you need to:
- be at least 18 years old.
- have a regular income.
- be a permanent Australian resident.
- be able to make your repayments.
Terms & Conditions
#This information is current as at 1 March 2019. Interest rates and annual fees are verified by each Financial Institution. All interest rates and fees quoted in the table are subject to change. Bank of Heritage Isle recommends Members seek independent verification.
* Terms and conditions apply and are available on our website. Fees and charges and lending criteria apply. 0% p.a. is applied to the Bank of Heritage Isle Visa Credit Card only if the card account being transferred is paid out in full and cancelled. Minimum balance transfer per card is $500.00. We reserve the right to withdraw this offer at any time. Interest rate on remaining balance will revert to our standard variable Visa Card rate, currently 10.76% p.a. Not available in conjunction with any other offer.
1. Normally $30. This offer can be withdrawn at any time without notice.
^Effective date 1/8/19. This offer is not available in conjunction with any other offer and can be withdrawn at any time. This offer is only available to the first 100 Police Bank, Border Bank or Bank of Heritage Isle Visa Credit Card applications who apply and are approved between 1/8/19 – 30/9/19. You will receive your Garmin Vivosmart HR Fitness Watch (or similar product) within a month after making your first transaction or balance transfer on your Bank of Heritage Isle Visa Credit Card. To be eligible for the watch, your first transaction of $50 or more or a balance transfer of a minimum of $500 needs to be made within 4 weeks of card approval. The Garmin Vivosmart HR Fitness Watch is valued at $189. Not available for Members with an existing Bank of Heritage Isle Visa Credit Card and employees of Police Bank Ltd.
Read the Key Fact Sheet about our Visa Credit Card
Full product terms and conditions.
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