Police Credit Union extralite Credit Card

Pauline Hatch

Pauline is a personal finance expert at CreditCard.com.au, with 8 years in money, budgeting and property reporting under her belt Ask Pauline a Question about this card.

The Police Credit Union extralite Credit Card

While it may not have any introductory offers to entice you, the Police Credit Union extralite Credit Card could be an excellent choice in the long term, especially if you’re looking to keep costs down. With no annual fee ever, the card offers one low rate on purchases and cash advances, with up to 44 days interest free on purchases when you pay off your balance on time.

What we love...

Why do we love the Police Credit Union extralite Credit Card? One of the main reasons you would choose this card is for its money-saving features. So, let’s look at those more closely.

Interest: As a mutual, Police Credit Union focuses on keeping costs down. One of the ways it does this on the Police Credit Union extralite Credit Card is with low ongoing interest. This card has one low rate on both purchases and cash advances, helping cardholders who carry a balance to keep interest costs down, as they pay off more of what they owe.

Interest Free Period: Not all low cost cards offer an interest free period. Happily, the Police Credit Union extralite Credit Card does. When members clear their balance by the due date each month, they can benefit from up to 44 days interest free on purchases. This allows them to keep interest costs at zero, simply by paying off what they owe on the card month to month.

No Annual Fee: Another way Police Credit Union keeps costs down is with its annual fee. As in, this card doesn’t have one. Members will pay no annual fee for the life of the card, which means, as long as they keep their interest costs at zero, they could effectively keep this card in their wallet for nada.

What about features? With this focus on money saving, it’s safe to say you are unlikely to be bowled over by the card’s extras. But, that’s not to say it doesn’t have anything to offer. As a cardholder, you can use your card around the world thanks to Visa’s global network. You can also take advantage of handy Visa features, such as Visa payWave for contactless payments.

If you want to sync your card to your device, you can do just that, with Apple Pay, Samsung Pay and Google Pay compatibility. And, security is not ignored. Every transaction is protected with Guardian Fraud Protection Service, which works to identify, assess and monitor high risk transactions, while monitoring fraud trends in Australia and overseas, and proactively acting to recover funds.

What’s not so great...

As we have now discussed the features offered on the Police Credit Union extralite Credit Card, you may have decided that you want more from your card. You may want to earn rewards on your card spending, or perhaps take advantage of fancy extras like airport lounge access and flight upgrades. If that’s the case, you’ll need to check out higher cost premium options.

Why should you choose this card?

One of the reasons you may want to apply for the Police Credit Union extralite Credit Card that we’ve not talked about yet is to be part of a mutual. Police Credit Union is a mutual, which means it is owned by its members, not external shareholders. As a member, you could benefit from lower fees and rates, while also being part of an organisation that believes in community and sustainability, giving back to projects and initiatives in the form of donations and sponsorship.

So, who would this card suit?

• With a minimum credit limit of $1,000, the card may suit smaller spenders.
• With its low purchase rate, the card could work well for cardholders who carry a balance.
• With no annual fee to pay, the card could appeal to those who want to keep costs as low as possible, or anyone who doesn’t think they should have to pay to access credit.
• With few features on offer, the card could attract cardholders who want to keep it simple, and not get bogged down by complex extras.

Overall Rating

Allowing cardholders to be part of a mutual, the Police Credit Union extralite Credit Card keeps costs down with no annual fee, a low ongoing purchase rate, and up to 44 days interest free on purchases.