In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
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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 20.07%, 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

  • $0 first year annual fee (normally $30 p.a.)
  • A low ongoing rate of 10.76% p.a.
  • Up to 55 days interest-free on purchases

Cons

  • No rewards program or travel insurance
  • 3% foreign transaction fee

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews

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.

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)
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

How to apply

You can apply for the Police Bank Visa Credit Card through a secure application form on the bank's website. If you're not already a member of the bank, you'll be asked to join as part of this process.

Get started by checking that you meet the eligibility criteria and have all the documents and details needed to complete the application.

Eligibility criteria

  • Residency. You must be a permanent resident of Australia.
  • Income. You must have a regular income and be able to make repayments.

Card benefits

  • $0 first-year annual fee. The Police Bank Visa Credit Card offers a $0 annual fee for the first year, saving you $30 on the annual fee that applies from the second year on.
  • Low interest rate. This card's 10.76% p.a. interest rate is competitive with other low rate cards, which typically have purchase rates between 8% and 15% p.a.

Rates & fees

  • Annual fee. Outside of any promotions, this card charges a standard annual fee of $30, which is relatively low when compared to other credit cards on the market.
  • Interest-free days. This card offers up to 55 interest-free days on purchases when you pay your balance in full by the statement due date.

Your reviews

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