Heritage bank business credit card. The limits, fees and need-to-knows

Roberto Efflandrin

If you’re on the hunt for a suitable business credit card in Australia, there are several offerings available.

A mutual or ‘customer-owned’ bank, Heritage Bank offers a limited range of products and services when compared with the big banks. However, they do provide a Business Visa Credit Card option that may be worth considering depending on the needs of your business.

In this guide, we’ll take a closer look at this offering from Heritage Bank, including its features and benefits, limits, fees and more. so you can make the most informed decision.

💸 Looking for a stress-free international business account to pay and receive money from abroad like a local? With multiple cards, AUD and foreign currency account details?

Discover the Wise
Business account

What business credit cards does Heritage Bank offer

Currently, Heritage Bank offers just one business credit card product, the Business Visa Credit Card.

This is available alongside other business-oriented products such as business bank accounts and small business loans.¹

Do you need a Heritage Bank Business credit card? Who is it for?

The Heritage Bank business credit card is marketed as being suited to small to medium-sized business owners.¹

They advise that it is ideal for those needing to provide account access to multiple employees through additional cards while still having control over individual card limits.

What are the main features and benefits of this credit card

The Heritage Bank business credit card offers a variety of features and benefits including²:

  • The option to have extra credit cards issued for employees to make for easier payment and tracking of business expenses
  • Additional cards for primary account holders also permitted for separation of personal and business expenses
  • Individual monthly spend limits for each card can be set by the account owner
  • Business credit card facility limit starting from AUD$1000
  • Minimum individual card limits of AUD$500
  • Credit account available with or without security, subject to approval based on individual business criteria
  • Potential for up to 40 days interest-free on your Visa purchases
  • Monthly repayment schedule can be as little as 3% of the owing balance or $30, whichever is greater (conditions apply)

The cons of using this credit card

Just as with all credit card products, this option from Heritage Bank may not necessarily be well-suited to your business needs, we suggest considering the following:

  • While multiple supplementary cards are available, fees apply for each card issued beyond the first two, exact costs detailed below.
  • Currently, no rewards or added extras are offered to businesses based on their spend such as reward points or airline frequent flyer points.

Go global Wise Business

The credit limit provided by this credit card

Heritage Bank advises that individual card limits start from AUD$500 with a minimum combined card limit of AUD$1000.²

Your exact limit, as per their credit guide, will be contained within your letter of offer following successful application for this card product.³

Can credit limits be increased?

Yes, Heritage Bank advises that the credit limit associated with your account can be raised (and lowered) by making a direct request with them.³

However, they also advise that this is at their discretion and subject to approval. Additional documentation or paperwork may be required to achieve this.

What are the fees for the Heritage Bank business credit card?

Some fees and charges apply for using the Heritage Bank business credit card.

These can differ based on whether you are using your card in Australia or overseas as outlined in the below table.

Fees & rates Heritage Bank Business credit card⁴
Maintenance fee AUD$45 annually
Cash advance fee 2% of the transaction amount both domestically or overseas (minimum fee of $2.50)

Currency conversion fee also applies for overseas transactions.

Foreign exchange conversion fee 3% of the Australian dollar amount of the transaction
Late/default repayments fee AUD$20
Purchase interest rate² 10.65% (secured)

12.95% (unsecured)

Cash advance interest rate² 10.65% (secured)

12.95% (unsecured)

Supplementary card fee AUD$7.50 per card issued (first two complementary
Overlimit fee AUD$10 per day

As seen on 18 March 2024

How to get a Heritage Bank business credit card

For new customers, applications for the Heritage Bank business credit card can be made online via the bank’s website, in person or by phone.⁵

For existing customers seeking to link a business credit card to an existing account with Heritage Bank, they request you to call or visit a branch in person.⁶

As with all credit applications, approval is not guaranteed and is subject to the bank’s lending criteria.

Applying online for new customers

As a new customer, for online applications, simply navigate to the business credit card tab on their website and click the ‘Apply Now’ button to start the process.

You will be given a series of questions to which you must answer in detail before you can submit the application for consideration.

To make an application, you will need to provide information such as⁶:

  • Your name, address and other personal details
  • Your ABN or ACN
  • Employment, income, and financial commitment details, including any liabilities
  • Details of any business partners

As part of the application, you will be asked to nominate a preferred method of contact through which Heritage Bank can discuss your application with you.⁷

What are the eligibility requirements for getting this credit card

To be eligible to apply for this card, you must be⁷:

  • At least 18 years of age
  • An Australian citizen or permanent resident

Proof of identity and sufficient income will apply and a credit check will be performed by Heritage Bank as part of this process.

How long does it take to get the business credit card

Details for how long it takes to process a business credit card application or receive approval are not currently available on the Heritage Bank website. They do specify that they will call within 2 days of the application being submitted.⁷

Exact timelines will vary and are subject to the bank’s processing criteria. Providing as much detail as possible on the initial application can help to expedite this.

For more detailed information on eligibility criteria or what to expect with regard to processing, we suggest speaking with Heritage Bank directly in advance of making an application.

What if your application is rejected/declined?

If your application for a Heritage Bank Business Visa credit card is rejected or declined, it is wise to seek clarification on why this has occurred.

There are several reasons for why this can occur and while the card issuer is under no obligation to explain, most are open to clarifying this with you.

Errors or omissions in your application could be at fault, however, the more likely cause is an issue with your financials or credit history.

Heritage Bank is quite transparent regarding this when applying. They highlight that if you have:

  • Applied for multiple loans recently
  • Have been bankrupt or
  • Hold a debt agreement

Then you are unlikely to be successful in your credit application with them.

Should you wish to access details about your credit history before making an application, the Australian government recommends contacting one of three trusted reporting agencies.⁸

What else do I need to know?

Should any of the features, benefits or terms and conditions for this card not suit your business needs, there are alternatives within this space that may be a better fit.

This may include those made by other banks or those available through other money or financial service providers.

Heritage Bank Business contact details

To speak with Heritage Bank’s business credit card support team, whether at home or abroad call:

  • 13 14 22 within Australia, or
  • +61 7 4694 9000 from overseas

Both lines offer 24/7 access to assistance as needed.

Wise Business Account and debit card

Streamlined and hassle-free, the Wise Business Account with linked debit card delivers an all-in-one solution for businesses.

Shop online or in-store via the Mastercard network and make easy ATM withdrawals using the Wise business debit card.

With no monthly fees, hefty rates or hidden charges, Wise makes it easier to spend, send and receive funds. Manage your money via your local Australian account while also benefiting from access to accounts in over 9 major currencies.

Access additional cards for your team as needed and pay a single fixed card-creation fee per card with no monthly fees applied.

Able to integrate with most major APIs, the Wise Business Account also facilitates better cash flow management and consistent, reliable reporting across all additional cards.

Find out more about how the Wise Business Account can save you time and money.

Register your Wise business
Account in minutes

Please see Terms of Use for your region or visit Wise Fees & Pricing for the most up-to-date pricing and fee information.


  1. Heritage Bank - Business Banking
  2. Heritage Bank - Business Credit Card
  3. Heritage Bank - Credit Guide pg. 22
  4. Heritage Bank - Fees & Charges pgs. 5, 9-11
  5. Heritage Bank - How To Apply
  6. Heritage Bank - Application Form
  7. Heritage Bank - Eligibility
  8. Moneysmart.gov – Credit Scores & Reports

Sources checked on: 18 March 2024

*Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.

This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.

We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.

Money without borders

Find out more

Tips, news and updates for your location