Police Bank Visa Credit Card

10.76% p.a.

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

$30 $0 in the first year

n/a

Police Bank Visa Credit Card

10.76% p.a.

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

$30 $0 in the first year

n/a

Mozo Review   Police Bank Visa Credit Card Review

Last updated: 21 October 2019.

What's hot:
  • 0% balance transfer rate for 12 months

  • Mozo Experts Choice Award 2019

  • 10.76% purchase rate

  • No annual fee for first year

What's not:
  • $10 late payment fee, but even this is low compared to other banks

Mozo snapshot:

Looking for one of Australia's most budget-friendly pieces of plastic? Look no further than Police Bank's Visa Credit Card, winner of a 2019 Mozo Experts Choice Award in the best Balance Transfer Credit Card category. With a low 10.76% purchase rate and no annual fee in the first year ($30 afterwards), you'll be able to save money on fees as well as interest. Plus the card offers a 0% balance transfer for 12 months, after which the balance will revert to the standard 10.76% ongoing interest rate. 

Key features:

What's great about the Police Bank Visa Card is that you don't even have to be in the police service to get the benefits of its low rate credit card, it is available to all Australian residents.

If you are looking to save on interest repayments the Police Bank Visa Credit Card has a 0% balance transfer rate for 12 months, after which any balance will revert to the standard low 10.76% ongoing interest rate, which compared with some other balance transfer offers that revert to cash advance rates of over 20%, is a great money saver.

You will get up to 55 days interest free on new purchases (as long as you pay your balance off in full each month) or you will pay 10.76%. This interest rate also applies to cash advances but unlike purchases cash advances will start accruing interest immediately so it is best to avoid these if you can.

With Visa access, you can shop online or in person around the world wherever Visa cards are accepted. International purchases however will attract a 3% foreign exchange margin so be sure to factor that into any online shopping budget. For purchases under $100 you can use the Visa payWave feature of the card and just tap and go!

Be sure to automate your payments or you could find that you will be up for a $10 late payment fee.

Who it's good for:

Anyone who wants to stop paying high interest and clear their debt.

Any catches?

Branch locations are limited but this shouldn't put you off. The account comes with internet banking and telephone banking access for easy account management. 

Details

Rates and fees information correct as at 15 December 2019 Mozo has robust processes to ensure our site is updated to reflect the latest information from providers. There may be the odd occasion where updates are delayed, so please confirm information before purchasing.
Rates
  • 10.76% p.a.

  • none

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

  • no

  • 10.76% p.a.

  • 55

Fees
  • $30.00

  • $0 in the first 1 year

  • none

  • none

  • $10.00

  • $3.80

  • 3.00%

  • $5.00

  • $16.50

  • $0.00

Features
  • $5.00

  • 2.5

  • 1

  • none

Payment options

Apple Pay, Google Pay, Samsung Pay

Other benefits

$150 cashback when you make $500 of eligible purchases in the first 4 weeks of card ownership, apply before 10 Jan 2020.

Customer Reviews

How are Police Bank credit cards rated by the Mozo community?

Overall customer rating
7.9/10
Price
7.7/10
Features
6.2/10
Customer service
8.1/10
Convenience
6.6/10
Trust
8.4/10

Latest reviews of Police Bank Visa Credit Card

  • Overall
    10/10
    They have great rates for seniors

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

    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

    Doriel | New South Wales

    reviewed over 1 year ago

  • Overall
    10/10
    Their premiums are very fair

    This bank has been very good and convenient for me.

    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

    Max | New South Wales

    reviewed about 4 years ago

  • Overall
    9/10
    Highly recommended.

    Very happy.

    Very happy.

    Price
    9/10
    Features
    9/10
    Customer service
    7/10
    Convenience
    8/10
    Trust
    10/10

    Jo anne | Queensland

    reviewed over 4 years ago

  • Overall
    9/10
    Great customer service

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

    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

    Ignacious | New South Wales

    reviewed almost 5 years ago

  • Overall
    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...

    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
    Convenience
    -1/10
    Trust
    10/10

    James | New South Wales

    reviewed almost 5 years ago

Police Bank

About Police Bank

Police Bank has specially designed its financial products to offer financial solutions to the employees and families of the Police service. Police Bank offers a range of financial products and services in savings accounts, home, car and personal loans, term deposits, credit and debit cards and a range of insurance products, ensuring that its members financial needs are taken care of.

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