Newcastle Permanent Credit Cards

newcastle-permanent

Get a low rate Newcastle Permanent credit card that can help you save on interest, or take a look at its offering for businesses

The origins of Newcastle Permanent date back to 1903, when the Newcastle District Starr-Bowkett Building Society began operations. A significant change of events took place in 1939, which led to the formation of the Newcastle Cooperative Building and Investment Society Limited. While Newcastle Permanent had only one branch until 1966, it now boasts more than 50 branches and has assets in excess of $7.4 billion. It primarily services the Northern Rivers, New England, Mid North Coast, Central Coast, and Hunter regions.

This financial institution offers different types of products and services, which include savings and transaction accounts, home and personal loans, as well as credit cards.

Comparison of Newcastle Permanent Credit Cards

Rates last updated March 1st, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Newcastle Permanent Value+ Credit Card
Enjoy a competitive annual fee and interest rates on purchases, cash advances, and balance transfers.
11.49% p.a. $49 p.a. More info
Newcastle Permanent Business+ Credit Card
Enjoy a competitive interest rate of 13.2% p.a. on purchases and 16.2% p.a. on cash advances and balance transfers.
13.20% p.a. $55 p.a. More info

Types of credit cards that Newcastle Permanent offers

Newcastle Permanent gives its customers the option of Visa credit cards that they can use globally, and while they offer a credit card for individuals they also offer one for businesses.

  • Low rate credit card

A typical low rate credit card comes with all the basic features you would expect in a credit card, and it attracts a lower rate of interest when compared with a card that offers a wider range of features. The Newcastle Permanent Value+ Credit Card is no different. In addition to a highly competitive interest rate this credit card gives you up to 55 interest-free days on purchases, but you have to pay a nominal annual fee. The Visa connection brings with it Visa Fast Pay and Visa payWave technologies.

Rates last updated March 1st, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Interest Free Period
Newcastle Permanent Value+ Credit Card
Enjoy a competitive annual fee and interest rates on purchases, cash advances, and balance transfers.
11.49% p.a. $49 p.a. Up to 55 days on purchases More info
Rates last updated March 1st, 2017
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Interest Free Period
NAB Low Rate Credit Card
The NAB Low Rate Card offers 0% p.a. on balance transfers for the first 18 months combined with a low annual fee.
13.99% p.a. 0% p.a. for 18 months with a one off 3% balance transfer fee $59 p.a. Up to 55 days on purchases Go to site More info
American Express Essential Credit Card
Receive a $50 credit on eligible spend and get Smartphone screen insurance combined with a no annual fee for life card. Also enjoy a 0% p.a. balance transfer rate for 12 months.
14.99% p.a. 0% p.a. for 12 months with 1% balance transfer fee $0 p.a. Up to 55 days on purchases Go to site More info
Bank of Melbourne Vertigo Visa Credit Card
Enjoy a low annual fee combined with 0% p.a. balance transfer offer for 12 months and 0% p.a. for up to 6 months on purchases.
0% p.a. for 6 months (reverts to 13.24% p.a.) 0% p.a. for 12 months $55 p.a. Up to 55 days on purchases Go to site More info
HSBC Low Rate Credit Card
This card comes with a balance transfer offer, a low interest rate and up to 55 days interest-free on purchases.
13.25% p.a. 0% p.a. for 15 months with 2% balance transfer fee $55 p.a. Up to 55 days on purchases Go to site More info
Bankwest Breeze MasterCard
Enjoy an introductory rate of 0% p.a. on balance transfers for 21 months (2% balance transfer fee applies). Limited time only.
12.99% p.a. 0% p.a. for 21 months with 2% balance transfer fee $59 p.a. Up to 55 days on purchases Go to site More info
ANZ Low Rate Platinum
$250 Back plus 0% p.a. for the first 6 months on purchases from approval.
0% p.a. for 6 months (reverts to 11.49% p.a.) $99 p.a. Up to 55 days on purchases Go to site More info
NAB Low Rate Platinum Card
Offers a low introductory rate of 0% p.a. on balance transfers for 18 months plus enjoy premium benefits including international travel insurance.
13.99% p.a. 0% p.a. for 18 months with a one off 3% balance transfer fee $100 p.a. Up to 55 days on purchases Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 12 months on balance transfers and 0% p.a. for 6 months on purchases, plus a low annual fee.
0% p.a. for 6 months (reverts to 13.24% p.a.) 0% p.a. for 12 months $55 p.a. Up to 55 days on purchases Go to site More info
Westpac Low Rate Card
A simple low interest rate card featuring a low ongoing rate on purchases, up to 55 days interest-free on purchases and a low annual fee.
0% p.a. for 6 months (reverts to 13.49% p.a.) 0% p.a. for 12 months $59 p.a. Up to 55 days on purchases Go to site More info

Learn more about Low Rate Credit Cards

  • Business credit cards

Business credit cards find favour with small, mid-sized, and large businesses alike. The Business+ Credit Card that Newcastle Permanent offers is an option for business looking for overdraft facilities or a convenient line of credit. You can get unlimited credit cards under a single account, cardholders get up to 44 interest-free days on purchases, and transit accident insurance is complimentary when a cardholder uses this card to book travel tickets.

Rates last updated March 1st, 2017
Bonus Points Points per $ spent Complimentary Travel Insurance Cover Annual fee Minimum Income
Newcastle Permanent Business+ Credit Card
Enjoy a competitive interest rate of 13.2% p.a. on purchases and 16.2% p.a. on cash advances and balance transfers.
0 months $55 p.a. More info
Rates last updated March 1st, 2017
Bonus Points Points per $ spent Complimentary Travel Insurance Cover Annual fee Minimum Income
American Express Platinum Business Card
Receive 150,000 bonus points, earn up to 2 Membership Rewards points for every dollar spent, complimentary insurances and access to 800 VIP Lounges in 100 countries.
150,000 bonus points VISA/MC: 0 AMEX: 1 6 months $1,500 p.a. $75,000 Go to site More info
Commonwealth Bank Business Gold Awards Credit Card
A business credit card with a range of complimentary insurances and up to 2 Awards points per $1 spent on purchases.
VISA/MC: 1 AMEX: 2 3 months $150 p.a. Go to site More info
American Express Business Card
One of the original charge cards from American Express that offers complimentary insurances including purchase protection and travel accident cover.
VISA/MC: 0 AMEX: 1 0 months $109 p.a. $24,000 Go to site More info
Commonwealth Bank Business Interest-Free Days Credit Card
Manage your business expenses with up to 55 interest-free days on purchases and an unsecured credit limit of up to $50,000.
$60 p.a. Go to site More info
American Express Gold Business Card
Receive 10,000 bonus points on signup and earn 1 Membership Rewards points per $1 spent with uncapped earnings.
10,000 bonus points VISA/MC: 0 AMEX: 1 0 months $169 p.a. $24,000 Go to site More info
Commonwealth Bank Business Awards Credit Card
Enjoy up to 1.5 Awards points for every dollar spent plus up to 55 days interest-free on purchases.
VISA/MC: 1 AMEX: 1.5 $100 p.a. Go to site More info
American Express Velocity Business Card
A truly dedicated business rewards credit card. Download all your card expenses in a format readable by Quicken, MYOB, Microsoft Excel and more.
VISA/MC: 0 AMEX: 1 0 months $249 p.a. $24,000 Go to site More info
Commonwealth Bank Business Platinum Awards Credit Card
Earn up to 3 Awards points per dollar spent and enjoy a range complimentary insurances.
VISA/MC: 1 AMEX: 3 6 months $300 p.a. Go to site More info
Learn more about Business Credit Cards

Benefits of the Newcastle Permanent Credit Card

While Newcastle Permanent credit cards don’t offer the bells and whistles you might associate with a premium credit card, cardholders are privy to various benefits:

  • Worldwide access and other Visa benefits

Merchants across the globe accept Visa credit cards, so you can use your Value+ Credit Card or Business+ Credit Card just about anywhere in the world. These credit cards also come with Visa Fast Pay technology that allows you to make ‘dip and go’ payments for purchases up to $35, and you can make contactless payments for purchases up to $100 with payWave technology.

  • Additional cards

The Business+ Credit Card allows an unlimited number of cardholders under a single account, whereas with the Value+ Credit Card you can get up to three additional cards for no extra cost.

  • Multiple ways to access account details

Visiting a Newcastle branch is one way to access any account-related information. You also have the option of phone banking, internet and mobile banking, all of which are free.

  • Balance transfers

You can use your Value+ Credit Card to transfer balances from existing credit cards, and all you have to do is submit a balance transfer application form. The minimum you can transfer is $500 and the maximum depends on your credit limit. Any transferred amount attracts the card’s cash advance rate.

How to apply for a Newcastle Permanent Credit Card

You apply for a Newcastle Permanent credit card online after selecting the credit card you're interested in. If you’re self-employed or a pensioner you’ll have to complete a paper-based application. This is because of certain complexities surrounding income documentation. In any case, make sure you meet the eligibility criteria, which, for the Value+ Credit Card, are as follows:

Eligibility criteria

  • You should be at least 18 years old
  • You should be a permanent Australian resident
  • Your annual income should not be less than $20,000

Required documents

To complete the application, you have to provide a variety of information, which includes the following:

  • Personal details. These include your name, phone number, date of birth, address and driver’s license number.
  • Employment details. These include your employer’s name and contact details.
  • Financial information. You have to provide a detailed list of income from all sources, as well as assets and liabilities. These include details about savings, loan and credit card repayments. Employed individuals should provide their most recent payslips and self-employed individuals have to submit financial statements and personal tax returns for the last two years.

What happens after I apply?

If Newcastle Permanent requires any extra information after you submit the application, a bank representative will get in touch with you. Once the bank receives all the required information it will process your application and inform you of the decision in writing.

If you’re not an existing Newcastle Permanent customer you will have to complete an identification verification process. You can complete the required formalities either by visiting a Newcastle Permanent branch or at an Australia Post office.

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Frequently asked questions

Given below are answers to frequently asked questions about Newcastle Permanent credit cards, and if you have any question that remains unanswered please ask using the form of the end of this page.

If approved, how long might it take for me to get my card?

If you’re completing an online application the process should take no more than a few minutes. Upon receiving all required information, the bank processes your application within five business days, and you can expect to hear about the outcome within 10 business days.

Can I check my application’s status during this process?

Yes, you can find out about the status of your credit card application by calling the bank’s helpline, and you also have the option of visiting a branch.

What repayment options do I have?

One way to make a payment is to visit a branch and pay by cash or cheque, or you can also mail in a cheque. You can make payments through electronic funds transfer using any Australian bank account. You can also make payments via BPAY.

What is the minimum and maximum credit limit, and how can I change my card’s limit?

The minimum credit limit this card comes with is $500 and its maximum limit stands at $20,000. When considering your application, the bank takes several aspects into account before assigning you a credit limit. You can request for an increase or decrease in your credit limit, but there is no obligation on the bank to honour your request. You can apply for an increase in your card’s limit online.

Does the card have different purchase and cash advance rates?

Yes, the cash advance rate this card attracts is slightly higher than its purchase rate. Balance transfers attract the cash advance rate unless specified otherwise.

What fees might I have to pay?

The Value+ Credit Card attracts a nominal annual fee, which you have to pay every year you keep the account active. If you’re late in making payments, you’ll have to pay a late payment fee. Other fees can include cash advance fees, direct debit dishonour fees, foreign currency conversion fees, card replacement fees, and replacement statement fees.

Do Newcastle Permanent credit cards offer reward points or rewards?

No, this is not currently a feature offered by Newcastle Permanent.

What should I do if I lose my card?

You should report lost or stolen cards as soon as possible. You'll need to call Newcastle Permanent directly to do this.

How can I cancel my card?

If you wish to cancel your card you can do so by writing to the bank, by visiting a branch, or even over the phone. You should return your card to the bank or destroy it to prevent fraudulent usage. The contract ends when you pay the outstanding balance in full, and until then you remain liable for money owing through transactions as well as fees and charges.

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