- 10.76% p.a. on purchases
- Annual fee waived for the first year
- Low $30 ongoing annual fee
- Eligible with Apple Pay, Google Pay and Samsung Pay
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Police Bank Credit Cards
Police Bank Visa Credit Card
Updated 1 November 2024
Enjoy 10.76% p.a. on purchases. Save money with the annual fee waived for the first year and $30 thereafter. Compatible with Apple Pay, Google Pay, and Samsung Pay. T&Cs apply.
Purchase Rate (p.a)
10.76%
Balance Transfer (p.a)
10.76% for months
No balance transfer fee.
Reverts to 10.76% p.a.
Annual Fee (p.a)
$0 first year. Then $30 p.a.
Pros and cons
- No extra features
Creditcard.com.au review
Editor Review
Police Bank Visa Credit Card
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.
The Police Bank Visa Credit Card
Allowing new cardholders to keep costs down, the Police Bank Visa Credit Card is currently offering $0 annual fee for the first year with a low purchase rate and up to 55 days interest free on purchases.
What we love...
While in the first year the annual fee is waived, in the years that follow, you will pay the card’s teeny annual fee.
You can also add an additional cardholder to the account at no extra cost. Whether the card is for your partner, or perhaps one of your kids, this could offer them access to credit, while helping to streamline your family finances.
And interest? As we already pointed out, the purchase rate on this card is low. Mutuals such as Police Bank can often offer lower rates than you would find on a card from a big bank. This could save you money if you carry a balance. On the other hand, if you pay off your balance each month, you could take advantage of up to 55 days interest free on purchases, saving money that way.
What’s not so great...
As a money saver, the Police Bank Visa Credit Card keeps it simple. You will not earn rewards on your card spending, and you will not have access to any extravagant features. While simple works for some folks, we know it doesn’t work for everyone. However, when it comes to paying low interest, simple, low cost options are often a wise choice.
Why should you choose this card?
If you want an award-winner, the Police Bank Visa Credit Card may be for you. This card has been recognised by Canstar, receiving a five star rating for outstanding value. It has also been awarded best ‘Low Rate Credit Card’ and ‘Balance Transfer Credit Card’ by Mozo Experts Choice, and ‘Cheapest Balance Transfer Credit Card’ by Money magazine.
As a basic option, it could be a great choice for cardholders who have no interest in complex features or rewards – and who definitely don’t want to pay for them.
To apply, you must be a permanent Australian resident aged at least 18 years old. You must have a regular income, and you must be able to make your repayments. With this card, you can enjoy worldwide acceptance via the Visa network, while taking advantage of features such as Visa payWave and Verified by Visa, as well as Apple Pay, Samsung Pay and Google Pay compatibility.
Overall Rating
An awesome card with a low purchase rate, the Police Bank Visa Credit Card is currently waiving the low annual fee for the first year.
User reviews
Rates and fees
Interest rates
Purchase rate 10.76% p.a.
Cash advance rate 10.76% p.a.
Interest free period on purchases up to 55 days
Balance transfer
Balance transfer rate 10.76% p.a.
Balance transfer revert rate 10.76% p.a.
Balance transfer from personal loan N/A
Balance transfer fee No fee
Balance transfer limit N/A
Brands you can't balance transfer from Police Bank
Credit limits
Minimum credit limit $1,000
Maximum credit limit N/A
Fees & repayments
Annual fee $30 p.a.
Additional cardholder fee $0 p.a.
Foreign transaction fee 3%
Minimum repayment 2.5% or $5 (whichever is greater)
Annual fee the first year $0
Cash advance fee $3.80
Late payment fee $10
Additional features
Complimentary insurance
International Travel Insurance No
Flight Inconvenience Insurance No
Transit Accident Insurance No
Smartphone Screen Insurance No
Purchase Protection Insurance No
Extended Warranty Insurance No
Rental Vehicle Excess In Australia Insurance No
Extras
Eligible with Apple Pay, Google Pay and Samsung Pay
Overview
Police Bank Visa Credit Card
Key features
- 10.76% p.a. on purchases
- Up to 55 days interest free period on purchases
- Annual fee waived for the first year
- Low $30 ongoing annual fee
- Eligible with Apple Pay, Google Pay and Samsung Pay
Minimum criteria to apply for this card
-
Be over 18 years old
-
Good Credit and have not applied for multiple credit cards recently
-
Permanent Resident or Australian Citizen
You have your personal details ready to complete the online application
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger
Recently Asked Questions
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Graham
1 July 2020Roland
3 July 2020