The Police Bank Visa Credit Card charges a low interest rate if you carry a balance and offers up to 55 interest-free days on purchases when you pay your total statement balance by the due date. As a Visa credit card, it also gives you access to offers for shopping, travel, dining and entertainment through Visa Offers + Perks.
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Police Bank Visa Credit Card
Terms and conditions apply
- Purchase rate
- 10.76% p.a.
- Annual fee for the first year ($30 p.a. thereafter)
- $0 p.a.
- Interest-free on purchases
- Up to 55 days
Our verdict
This no-frills credit card has a very low interest rate for purchases and a $0 first-year annual fee, which goes to $30 after that.
The Police Bank Visa Credit Card is suited to people who want simple, low-cost access to credit. Its ongoing 10.76% p.a. interest rate for purchases is much lower than the average standard credit card interest rate of 20.16%, which can help you save on interest charges if you carry a balance from month-to-month. The $30 annual fee is also competitive for a low rate credit card and is waived in the first year.
Pros
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$0 first year annual fee (normally $30 p.a.)
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A low ongoing rate of 10.76% p.a.
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Up to 55 days interest-free on purchases
Cons
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No rewards program or travel insurance
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3% foreign transaction fee
Details
Product details
| Product Name | Police Bank Visa Credit Card |
| Purchase rate p.a. | 10.76% |
| Interest-free period | Up to 55 days on purchases |
| Cash advance rate p.a. | 10.76% |
| Min credit limit | $1,000 |
| Card type | Visa |
Eligibility
| Available to temporary residents | No |
| Joint application | Yes |
Rewards
| Bonus points | N/A |
Fees
| Annual fee | $0 first year ($30 after) |
| Minimum monthly repayment | 2.5% of the closing balance or $5, whichever is greater |
| Late payment fee | $10 |
| Foreign currency conversion fee | 3% |
| Cash advance fee | 3.8% |
| Overseas cash advance fee | 3.8% |
| Overseas ATM withdrawal fee | $3.80 |
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