Police Credit Union Credit Cards

Police Credit Union

Police Credit Union is a provider of credit cards, savings and transaction accounts, home loans and a range of other banking products. Police Credit Union says any individual, business or organisation can apply to become a member.

What credit cards does Police Credit Union offer? 

We have summarised below some of key features of Police Credit Union’s credit cards, according to information available on its website at the time of writing. 

extralite Credit Card

Features

  • Card type: Visa
  • Minimum credit limit: $1,000 
  • Annual fee: $0
  • Interest free period: Up to 44 days on purchases 
  • Purchase rate: 13.99% p.a.
  • Cash advance rate: 13.99% p.a.
  • Minimum repayments: Either $20 or 3% of the closing balance, whichever is higher
  • Late repayment fee: $15 on the 21st day, $25 on the 35th day
  • Contactless payments: Contactless payments for purchases up to $100 via Visa payWave
  • Security: Card is protected by Guardian Fraud Protection Service, which Police Credit Union says identifies high risk transactions and monitors fraud trends amongst other things. 

SoLo Credit Card

Police Credit Union also offers another credit card product, the SoLo Credit Card, which is only available to current and former Police Credit Union personal loan or home loan borrowers. 

Features

  • Card type: Visa
  • Minimum credit limit: $1,000 
  • Annual fee: $0
  • Interest free period: N/A 
  • Purchase rate: 8.49% p.a.
  • Cash advance rate: 8.49% p.a.
  • Minimum repayments: Either $20 or 3% of the closing balance, whichever is higher
  • Late repayment fee: $15 on the 21st day, $25 on the 35th day
  • Contactless payments: Contactless payments for purchases up to $100 via Visa payWave
  • Security: Card is protected by Guardian Fraud Protection Service, which identifies high risk transactions and monitors fraud trends amongst other things. 

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Police Credit Union credit cards FAQs

To apply for a Police Credit Union credit card, you may need to be 18 years old or over and an Australian citizen or permanent Australian resident. Other criteria may also apply so contact Police Credit Union for more information if you are unsure.

Before applying, consider the eligibility criteria, plus whether a credit card is generally suitable for your needs. You can also compare your other options using Canstar’s comparison tables.

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If you do choose to commit, you can apply for a Police Credit Union credit card online, over the phone or by visiting a Police Credit Union branch in South Australia or the Northern Territory. You will be required to provide information including your personal details, employment details, assets, liabilities and living expenses.

You will have to activate your Police Credit Union credit card when it arrives before you can use it. Police Credit Union says you can activate your card through internet banking, through the Police Credit Union banking app or over the phone. You must also sign the card as soon as you receive it and before you use it, Police Credit Union says.

You can manage your Police Credit Union credit card through online banking or via the Police Credit Union app. The app can be used to check your transaction history and account balances, transfer money and manage your card, among other things.

When interest is charged:

Interest is charged when you carry a balance on your Police Credit Union credit card. Interest is charged on cash advances daily from the date the transaction is made until the date the transaction is paid in full. 

When interest is not charged:

At the time of writing, there is an interest free period of up to 44 days on purchases on the extralite Credit Card, and no interest-free period on the SoLo credit card. Interest-free days only apply if you have paid the balance in full for the previous month’s statement and for the current month’s statement (the statement on which the purchases are listed). There is no interest free period for cash advances.

Your credit limit for a Police Credit Union credit card will be determined based on the information you provide in your application, keeping in mind the minimum and maximum credit limits available for each card. Both the extralite and SoLo credit cards have a minimum credit limit of $1,000. 

Police Credit Union says you can ask it to increase your credit limit at any time. You can also request to reduce your credit limit online, over the phone, by visiting a branch or by contacting Police Credit Union in writing.

You can request to close your Police Credit Union credit card account online, over the phone, by email or by visiting a Police Credit Union branch. Police Credit Union says you must still pay the minimum monthly payment each month if an outstanding balance remains.

If you are closing your Police Credit Union credit card because you’re not satisfied with it, consider your other options when it comes to credit cards:

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Police Credit Union was established in 1970 by a small group of police officers. Now, it has over 40,000 members and seven branches across South Australia and the Northern Territory. Membership is open to any individual, business or organisation.

Written by: Tamika Seeto | Last updated: February 21, 2020