- 13.99% p.a. on purchases and cash advances
- No annual fee
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.
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.
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.
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.
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.
Purchase rate 13.99% p.a.
Cash advance rate 13.99% p.a.
Interest free period on purchases up to 44 days
Minimum credit limit $1,000
Maximum credit limit $50,000
Annual fee $0 p.a.
Additional cardholder fee N/A
Foreign transaction fee N/A
Minimum repayment 3% or $20, whichever is greater
Cash advance fee $4
Late payment fee $15
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
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 8 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
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