Organic polymers are of interest due to their numerous promising potential applications in the area of energy harvesting and sensing. In this context, piezoelectric and ferroelectric polymers are subject to intense research, however, it is challenging to understand polarization switching in such systems. Focus of the present study is to thoroughly evaluate finer details of polarization reversal in poly(vinylidene fluoride‐co‐trifluorethylene) (P(VDF‐TrFE)) thin films. Intrinsic features arising from the true values of (Switching) polarization and extrinsic feature associated with the presence of non‐switching contributions i.e. leakage current and linear dielectric component, have been investigated using Positive‐Up–Negative‐Down (PUND) technique. These contributions are quantified and discussed. Furthermore, fatigue endurance has been examined by repeated switching cycles. Increase in polarization increases is associated with the improved crystallinity and enhancement of the β‐phase. However higher degree of crystallinity, for extended number of repeated cycles of bipolar electric field, resulted in the degradation of (switching) polarization. Fatigue significantly affects the leakage and ferroelectric components while the paraelectric contribution remains almost constant. Underlying mechanism of such trend have been discussed in terms of hysteresis losses.This article is protected by copyright. All rights reserved.