Police Bank credit cards

Police Bank
Police Bank's overall rating for credit cards

(as rated by the Mozo community)

7.9 / 10

based on 23 reviews

Originally the NSW Police Credit Union, Police Bank has been the winner of a host of Mozo Experts Choice and People’s Choice Awards over the years, snagging an award for best low rate credit card in 2015. So check out the details of the Police Bank credit card below - you’ll find value so good, it’s practically criminal.

Rates and fees verified as correct at 16 November, 2018. Other information correct at the time of writing.

What credit cards do Police Bank offer?

Low rate credit cards Low rate credit cards

Tend to carry a balance on your credit card from month to month? Let yourself off the hook with a low rate credit card from Police Bank. This one really is a budget beater - low fees, low interest and a killer balance transfer offer make for a credit card experience that will keep costs as low as they go.

Product Purchase rate Balance transfer rate Annual fees Interest free days

10.76% p.a.

0% p.a. for 12 months and then 10.76% p.a.

$30 $0 in the first year

55


Hide

Low fee credit cards Low fee credit cards

Make your wallet happy with this convenient and cost-effective piece of plastic. With a low annual fee, low interest rate and competitive balance transfer option, this is a great pick for the budget-conscious spender.

Product Purchase rate Balance transfer rate Annual fees Interest free days

10.76% p.a.

0% p.a. for 12 months and then 10.76% p.a.

$30 $0 in the first year

55


Hide

**Saving based on the average difference in fees and charges over 3 years between the most competitive product Mozo can refer a consumer to and the average credit card product input by 6,863 consumers (average balance of $4,262 or balance transfer balance of $5,818, interest rate of 19.6% and annual fee of $36.50) who used the Mozo Credit Card Health Check tool between 1 January 2012 to July 2012.

Frequently Asked Questions about Police Bank credit cards

What is the interest free period on my Police Bank credit card?

With a Police Bank credit card in your wallet, you’ll have up to 55 days to pay off balances before being charged interest on your shopping. If you hit the shops at the very beginning of your credit card statement cycle, you’ll have the full 55 days to pay your purchases off, but keep in mind that this period always starts when your statement cycle does. That means if you spend later on, those amounts will collect interest in less than 55 days.

What fees might I be charged?

Are you ready for some good news? In the first year of having your Police Bank credit card, the annual fee will be completely waived. Yay! After that, you’ll pay a low annual fee each year. Other fees to budget for include a cash advance fee for all those trips to the ATM and a foreign exchange market for your holiday shopping.

What’s the minimum repayment amount I must make?

The minimum amount you need to repay on your Police Bank credit card is either a low $5 or 2.5% of your closing balance. Even though it might be tempting to just pay off this rock-bottom minimum amount, it’s always a good idea to pay off as much of your balance as you can each month, both to avoid paying unnecessary interest and to keep your interest free days.

What rewards will I earn with my Police Bank credit card?

The Police Bank credit card is a great low cost option - but it isn’t a fancy credit card. Unfortunately, you won’t get to cash in on the perks and freebies of a rewards program with this card.

If you’re looking for a credit card with some serious rewards earning grunt, check out these great rewards card options instead.

Can I use my Police Bank credit card for a balance transfer?

You definitely can. In fact, in 2014, the Police Bank credit card was named the best balance transfer card in Mozo’s Experts Choice Awards. That’s pretty impressive, if we do say so ourselves.

What you’ll get with a balance transfer from Police Bank is a lengthy zero interest period to pay off your transferred balance, which will then revert back to the regular low interest rate, rather than a high cash advance rate like a lot of balance transfer offers.

One important thing to keep in mind though, is that the transferred balance will be included in your closing balance. That means that unless you pay the entire amount off, you’ll forfeit any interest free days on other purchases. 

Will my Police Bank credit card work overseas?

Jetsetters rejoice - wherever VISA is accepted, your Police Bank credit card is too. And VISA is accepted, well, pretty much everywhere. 

Can I use payWave with my Police Bank credit card?

Yes. To make your spending even more convenient, you can use any VISA card, including your Police Bank credit card, to make contactless payments via PayWave.

What should I do to protect myself from credit card fraud?

There are so many protect and serve jokes we could make here, but we’re not going to.

The truth is, you seriously should think about credit card security when you use your Police Bank credit card. Here are some simple steps you can take to keep your credit card use safe and secure.

Keep your card in sight. Cashiers shouldn’t be taking your credit card into another room or even using it below their counter. Make sure any transactions are happening in full view, so you can keep an eye on your card.

Don’t use damaged ATMs. ATMs that are damaged can be a sign that scammers have been tampering with them. It’s best to avoid them, and where possible, use ATMs you know and trust in well-lit areas.

Choose the right PIN. The perfect PIN is a number that you can remember without writing it down (that’s a big security risk, no matter how sneaky you think you’re being) but will be difficult for anyone else to guess.

Keep an eye on your statement. Each month, you should review your credit card statements and look for unusual or suspicious activity. If you find something, report it to Police Bank straight away.

How are Police Bank credit cards rated?

Mozo users have rated Police Bank credit cards on price, features, convenience, trust and customer service so you can see what real Aussies have to say about their experiences.

Police Bank credit cards

Overall 7.9

Price

Features

Customer service

Convenience

Trust

23 Reviews

Recent Police Bank credit card reviews Recent Police Bank credit card reviews

Police Bank

Police Bank Visa Credit Card credit card review

Overall rating   10 / 10

They have great rates for seniors

The bank has excellent staff, always willing to assist. Little or no waiting time.

Full review

The bank has excellent staff, always willing to assist. Little or no waiting time.

    Price   10 / 10

    Features   10 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   10 / 10

Less

Doriel, New South Wales, reviewed 8 months ago

Police Bank

Police Bank Visa Credit Card credit card review

Overall rating   10 / 10

Their premiums are very fair

This bank has been very good and convenient for me.

Full review

This bank has been very good and convenient for me.

    Price   9 / 10

    Features   10 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   10 / 10

Less

Max, New South Wales, reviewed about 3 years ago

Police Bank

Police Bank Visa Credit Card credit card review

Overall rating   9 / 10

Highly recommended.

Very happy.

Full review

Very happy.

    Price   9 / 10

    Features   9 / 10

    Customer service   7 / 10

    Convenience   8 / 10

    Trust   10 / 10

Less

Jo anne, Queensland, reviewed over 3 years ago

Police Bank

Police Bank Visa Credit Card credit card review

Overall rating   9 / 10

Great customer service

The Policebank alow lower credit limits if requested (e.G. $1000)...I didn't want a $5000 limit.

Full review

The Policebank alow lower credit limits if requested (e.G. $1000)...I didn't want a $5000 limit.

    Price   7 / 10

    Features   7 / 10

    Customer service   9 / 10

    Convenience   9 / 10

    Trust   9 / 10

Less

Ignacious, New South Wales, reviewed almost 4 years ago

Police Bank

Police Bank Visa Credit Card credit card review

Overall rating   10 / 10

Greart bank

why use one of the 4 banks when this bank interest rate is lower than any of them,and they treat you as a customer,and watch over your banking for frauds

Full review

why use one of the 4 banks when this bank interest rate is lower than any of them,and they treat you as a customer,and watch over your banking for frauds

    Price   10 / 10

    Features   10 / 10

    Customer service   10 / 10

    Trust   10 / 10

Less

James, New South Wales, reviewed almost 4 years ago

Hide reviews

Mozo may receive a payment from financial providers listed on the site. Customer reviews are in no way affected by any commercial relationships Mozo has with providers. Reviewers may receive a voucher from Mozo in exchange for their review. Vouchers are given to all reviewers who meet our review guidelines regardless of the sentiment of their reviews.

What do you need to apply for a Police Bank credit card? What do you need to apply for a Police Bank credit card?

To apply for a Police Bank credit card, you should:

  • be at least 18 years old.
  • be a permanent Australian resident.
  • have a regular income.
  • feel confident in your ability to make your repayments.

To snag a Police Bank credit card, you'll also have to be or become a member of the bank. To be eligible for membership, you need to formerly or currently be employed by the Police Force. You can sign up to be a member fee-free - however, membership does come with the proviso that if Police Bank ever goes under, you pay $10 to whoever is managing its closing.

You’ll also need to have some details handy, including, contact details, income, debts, assets and living expenses. For more information about how to apply for a credit card, take a look at our dedicated guide.

Hide

More helpful credit card quick links