- Low 11.99% on purchases, balance transfers and cash advances
- $49 annual fee
- Up to 3 additional cards at no extra charge
- Security of Visa's Zero Liability
- Convenience of Visa payWave
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Newcastle Permanent Credit Cards
Newcastle Permanent Value+ Credit Card
Updated 1 November 2024
A simple credit card that offers one low interest rate of 11.99% on purchases, cash advances, and balance transfers. Enjoy all the benefits of Visa such as Zero Liability, Paywave and worldwide access for an affordable annual fee of $49.
T&Cs apply.
Purchase Rate (p.a)
11.99%
Balance Transfer (p.a)
11.99% for months
No balance transfer fee.
Reverts to 11.99% p.a.
Annual Fee (p.a)
$49
Pros and cons
- No 0% introductory offer on balance transfers
Creditcard.com.au review
Editor Review
Newcastle Permanent Value+ Credit Card
Pauline Hatch
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Ask Pauline a Question about this card.
The Newcastle Permanent Value+ Credit Card
As its name suggests, the Newcastle Permanent Value+ Credit Card focuses on value, providing one low rate on purchases, cash advances and balance transfers for a low annual fee. The card also offers up to 55 days interest free on purchases, three free additional cardholders on the account, and all the features you would expect on a standard Visa card.
What we love...
One of the first things to note on the Newcastle Permanent Value+ Credit Card is its low rate of interest across purchases, cash advances and balance transfers. Why would this be of interest to you? A low purchase rate could work well for you if you carry a balance on your card. Instead of paying a much higher interest rate on a more expensive card, you could pay less on this card thanks to its lower purchase rate, which could help you clear your balance faster.
Once you manage to clear your balance, you can take advantage of the card’s handy interest free feature. With this, you can benefit from up to 55 days interest free on purchases when you pay off your balance by the due date each month. This could allow you to keep interest costs at zero for everything from larger purchases to everyday spending.
While it may not offer much in the way of features, the Newcastle Permanent Value+ Credit Card does make up for it with a low annual fee. You will usually find cards that offer more in the way of features, such as extras and rewards, often have a higher annual fee. But, you may not need those features. If that’s the case, a low feature card charging a low annual fee may be more your style.
Alongside its low annual fee, this card allows up to three additional cards at no extra charge. If you have family members you’d like to add to the account, this could save you money, offering those who need it access to credit, while streamlining your family finances with just one credit card account to track and pay, rather than up to four.
What’s not so great...
When it comes to low cost cards such as the Newcastle Permanent Value+ Credit Card, we generally don’t find much to complain about. Paying less in annual fees and interest will always be appealing, and that’s exactly what this card offers. But, we do know that this type of card does not appeal to everyone. If you want to earn rewards, or perhaps take advantage of extravagant extras, it may be time to compare other options.
Why should you choose this card?
The Newcastle Permanent Value+ Credit Card provides access to credit across the Visa network. This means you can use the card around the world, wherever Visa is accepted, while also taking advantage of functional features such as Visa payWave and Visa Checkout, backed by Visa's Zero Liability.
With a low minimum income requirement of $20,000 per year, plus a low minimum credit limit of $500, it may suit smaller spenders, or really, anyone who wants to keep costs down. To be eligible, you need to be over the age of 18, and an Australian citizen currently residing in Australia who meets that minimum income requirement. From there, it’s a simple online application process that requires:
- Your Australian driver’s licence (if applicable),
- Employment details,
- Details of your income, assets and liabilities,
- Information about any additional cardholders (if applicable),
- A copy of your most recent payslip, or if you are self-employed, your financial statements and personal tax returns for the past two years.
Overall Rating
The Newcastle Permanent Value+ Credit Card keeps costs down with a low annual fee, up to 55 days interest free on purchases and one low rate on purchases, cash advances and balance transfers.
User reviews
Rates and fees
Interest rates
Purchase rate 11.99% p.a.
Cash advance rate 11.99% p.a.
Interest free period on purchases up to 55 days
Balance transfer
Balance transfer rate 11.99% p.a.
Balance transfer revert rate 11.99% p.a.
Balance transfer from personal loan N/A
Balance transfer fee No fee
Balance transfer limit N/A
Brands you can't balance transfer from Newcastle Permanent
Credit limits
Minimum credit limit $500
Maximum credit limit N/A
Fees & repayments
Annual fee $49 p.a.
Additional cardholder fee Up to 3 at no extra cost
Foreign transaction fee 3%
Minimum repayment 3% or $10, whichever is greater
Cash advance fee 2% or $2.50, whichever is greater
Late payment fee $5
Additional features
Complimentary insurance
International Travel Insurance No
Flight Inconvenience Insurance No
Transit Accident Insurance No
Smartphone Screen Insurance No
Purchase Protection Insurance No
Extended Warranty Insurance No
Rental Vehicle Excess In Australia Insurance No
Overview
Newcastle Permanent Value+ Credit Card
Key features
- Low 11.99% on purchases, balance transfers and cash advances
- Up to 55 days interest free on purchases
- $49 annual fee
- Up to 3 additional cards at no extra charge
- Security of Visa's Zero Liability
- Convenience of Visa payWave
Minimum criteria to apply for this card
-
Be over 18 years old
-
Good Credit and have not applied for multiple credit cards recently
-
Permanent Resident or Australian Citizen
-
Minimum income of $20,000 p.a.
You have your personal details ready to complete the online application
Pauline is a personal finance expert at CreditCard.com.au, with 9 years in money, budgeting and property reporting under her belt. Pauline is passionate about seeing Aussies win by making their money – and their credit cards – work smarter, harder and bigger
Recently Asked Questions
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Leanne Jensz
5 October 2024Pauline
8 October 2024Credit card operator
22 June 2022Pauline
23 June 2022