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Police Bank Visa Credit Card
Police Bank Visa Credit Card

Police Bank Visa Credit Card

Updated 2 January 2020

Purchase Rate (p.a)

10.76%

Balance Transfer (p.a)

0% for 12 months No BT fee. reverts to 10.76% p.a.

Annual Fee (p.a)

$0 first year. Then $30 p.a.

$0 over 12 months

My transfer amount

Balance transfer from:

My annual fee

My interest rate

Pros and cons

  • 0% p.a. on balance transfers for 12 months
  • 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

  • No extra features

Creditcard.com.au review

Editor Review

Police Bank Visa Credit Card

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. about this card.

The Police Bank Visa Credit Card

Allowing new cardholders to pay down credit card debt more efficiently, the Police Bank Visa Credit Card is currently offering 0% p.a. on balance transfers for 12 months. Waiving its low annual fee for the first year, the card helps to keep costs down in the longer term with a low ongoing purchase rate and up to 55 days interest free on purchases.

What we love...

Having spent some time comparing balance transfer offers, we know that not all are created equal. While each offer will work differently for each applicant, you will usually find 0% offers over a longer period of time provide the most value. Which is just what Police Bank is offering with the Police Bank Visa Credit Card.

As a new cardholder, you could benefit from 0% p.a. on balance transfers for 12 months. This would give you a full year to chip away at your balance while paying zero interest on it. If you are unable to clear your debt within that introductory period, your balance will revert to the card’s low purchase rate, which is preferable to cards that revert to a much higher cash advance rate.

Another reason you may choose this card as a balance transfer card is the fact that in the first year, you will pay no annual fee. Essentially, you could use this card only to pay off your transferred balance, saving heaps in interest and paying nothing in annual fees while you do it.

But, this card is more than just an offer. It could work well for cardholders even if they don’t have a balance to transfer, as well as being a great card to hold onto after a balance transfer has been paid off. 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 off balance transfers, 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.

If you want to pay down credit card debt, the card’s balance transfer offer could certainly be appealing. It could also work well for you if you want to save on interest and annual fees. 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 balance transfer card with a low ongoing purchase rate, the Police Bank Visa Credit Card is currently offering 0% p.a. on balance transfers for 12 months, waiving the low annual fee for the first year.

User reviews

Police Bank Visa Credit Card ( based on 1 Creditcard.com.au user review )

79% rating based on 1 review

Rates
Fees
Rewards
Customer Service
Value

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 0% p.a. for 12 months

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

Banks you can't balance transfer from Police Bank

Credit limits

Minimum credit limt $1,000

Maximum credit limit N/A

Fees & repayments

Annual fee $30 p.a.

Additional card holder fee N/A

Foreign transaction fee N/A

Minimum repayment

Annual fee the first year $0

Cash advance fee N/A

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

  • 0% p.a. on balance transfers for 12 months
  • 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

Roland B Bleyer

Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

Recently Asked Questions

Something you need to know about this card? Ask a our credit card expert a question.

Showing one question (showing the latest 10 Q&As)

Graham

Graham

1 July 2020
Hi there Roland....does this Police Bank Visa card include complimentary international travel insurance? Thanks

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