Police Bank Credit Cards

Police Bank is a provider of credit cards, home loans, personal and car loans, green loans, bank accounts, term deposits, life insurance, home insurance, car insurance, and travel insurance.

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If you’re considering a Police Bank credit card, check out what’s available in our comparison table below based on a monthly spend of $2,000.

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Types of Police Bank credit cards

Police Bank has one credit card available at the time of writing: the Police Bank Visa credit card.

Police Bank Visa Credit Card

Features

  • Card type: Visa
  • Minimum credit limit: $1,000
  • Maximum credit limit: $50,000
  • Interest-free days: Up to 55
  • Digital wallets: Access to Apple Pay and Android Pay digital wallets
  • Online: 24/7 online banking
  • Safe and secure online shopping
  • Other benefits: No annual fee in the first year, balance transfer available

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Eligibility to apply for Police Bank credit cards

To apply for the Police Bank Visa credit card, you must be able to satisfy the following criteria:

  • Australian permanent resident
  • At least 18 years of age
  • Earning a regular income
  • Be able to prove you can meet required repayments

How to apply for a Police Bank credit card

If you satisfy all of the above criteria, then you can apply for a Police Bank credit card online after comparing credit cards on the Canstar website. You can also apply by downloading an application form or calling Police Bank on 13 17 28.

You will need the usual documentation to apply for a credit card, including:

  1. Your employment details
  2. Your annual income
  3. Your usual living expenses
  4. Details about assets you own such as a home, car, other belongings, or savings
  5. Any debts you currently owe on other credit cards, loans, or overdrafts

Read our checklist on applying for a credit card for a more detailed explanation of how the process works.

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Police Bank FAQs

Once you’ve completed the application process, you’ll need to activate your Police Bank credit card before you can use it. You can activate your card by calling Police Bank on 13 17 28, or you can follow the prompts in online banking. You can also visit one of their many branches in NSW.

You can manage your Police Bank credit card through the Police Bank mobile app or online banking. By using the Police Bank online banking service, you can access statements of your savings, view transaction information, view all of your accounts, and more.

When interest is charged

Interest is charged by Police bank when you carry a balance on your credit card, and this interest is calculated daily. Interest is charged on balance transfers (at the promotional transfer rate) from the date of transfer, and interest is charged on cash advances from the date of withdrawal.

When interest is not charged

Up to 55 days interest-free apply to your Police Bank credit card if you have paid the balance in full for the previous month’s statement and for the current month’s statement. For more information about interest-free days,?check out our article on how they work.

Your credit limit for a Police Bank credit card will be determined based on the information you provide in your application, within the minimum and maximum credit limits specified (see above).

You can ask Police Bank to increase your set credit limit at any time using your own discretion, and they may approve or reject this request based on their lending criteria. Find out more about how credit limits are determined here.

You can close your Police Bank credit card account at any time by posting a written request. Your card balance will need to be repaid in full even after the card is closed, and you will continue to receive monthly statements until your card balance is fully repaid. Police Bank will also request that you destroy your cards and cancel any recurring payments.

If you’re cancelling your credit card with Police Bank because you’re struggling financially, then you can contact its financial hardship team on 13 17 28 to find a potential solution.

If you’re cancelling because you are dissatisfied with your current card, consider checking out what other credit cards are on the market by comparing your options on the Canstar website:

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Originally starting out as the NSW Police Credit Union in 1964 as NSW Police Credit Union (PCU), Police Bank is now one of the largest and most successful mutual banks in Australia.

Because they are member-owned rather than being owned by external shareholders, Police Bank returns its profits to members in the form of more competitive products and services.

Source: Police Bank

Police Bank supports the community through events such as celebrating 100 Years of Women in Policing in 2015, the NSW Rotary Police Awards 2017 for Police Officer of the Year, the Backup for Life Expo which helps ex-officers adjust to everyday life after policing, and the NSWP 2017 DVLO Domestic Violence Liaison Conference.

Police Bank even offers a charity coffee cart available for community events.

Source: Police Association of NSW

Showing Rewards products in Canstar’s database with links to lenders’ websites. The display is sorted by purchase rate (lowest to highest) for credit cards that offer signup bonuses to consumers for a spend of $5,000 per month.

Table only displays five products. Click here to see more. Be sure to read the full terms and conditions of each deal before signing up.

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Police Bank Visa Credit Card

Canstar Research
Rating:
Award: Outstanding Value Credit Cards

Written by: Regina Collins | Last updated: