In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question
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Newcastle Permanent Value+ Credit Card

  • Sally McMullen's headshot
Newcastle Permanent Value+ Credit Card
Terms and conditions apply
Balance transfer rate with no balance transfer fee
11.99% p.a.
Purchase rate
11.99% p.a.
Annual fee
$49 p.a.
Interest-free on purchases
Up to 55 days

Our verdict

Cut credit card costs with a competitive annual fee and a low 11.99% purchase rate.

The Newcastle Permanent Value+ credit card combines a competitive annual fee and interest rate. It’s also one of the few cards that charges the same low interest rate on purchases and cash advances. Although customers can enjoy the perks you’d usually expect with a Visa, this card doesn’t come with extra features like rewards and complimentary insurance that you could expect with a more expensive product.

Pros

  • A relatively low annual fee of $49 p.a.
  • A low interest rate of 11.99% p.a. on purchases, cash advances, and balance transfers

Cons

  • Does not offer any rewards

In this guide

  • Our verdict
  • Details
    • Product details
    • Eligibility
    • Rewards
    • Fees
  • How to apply
  • Card benefits
  • Rates & fees
  • Your reviews
  • Ask a question

The Newcastle Permanent Value+ credit card offers competitive rates and fees plus the convenience of Visa. Purchases, cash advances and balance transfers all attract a 11.99% p.a. interest rate and the card charges a low $49 annual fee.

Details

Product details

Product Name Newcastle Permanent Value+ Credit Card
Balance transfer rate p.a. 11.99%
Purchase rate p.a.
Purchase rate p.a.
11.99%
Interest-free period
Up to 55 days on purchases
Cash advance rate p.a. 11.99%
Min credit limit $500
Card type Visa

Eligibility

Available to temporary residents No
Minimum income $20,000
Joint application No

Rewards

Bonus points N/A

Fees

Annual fee
Annual fee
$49
Minimum monthly repayment 3% of the closing balance or $10, whichever is greater
Late payment fee $5
Foreign currency conversion fee
Foreign currency conversion fee
3%
Cash advance fee 2% or $2.50, whichever is greater
Additional cardholder fee $0
Number of additional cardholders 3

How to apply

You can apply for the Newcastle Permanent Value+ credit card online in 10-15 minutes. Before you start the application, check if you meet the eligibility criteria and have the necessary information.

Eligibility criteria

  • Income. Applicants must earn at least $20,000 p.a.
  • Age. You must be at least 18 years old.

Card benefits

  • Low interest rate. This credit card charges a variable interest rate of 11.99% p.a., which is low compared to many other products.
  • Competitive annual fee. Cardholders will be charged a competitive annual fee of $49 p.a.

Rates & fees

  • Interest-free days. If you pay your balance in full by the statement due date, you can take advantage of up to 55 interest-free days on purchases. Interest-free days only apply to purchases, not cash advances or balance transfers.
  • Foreign currency conversion fee. A fee worth 3% of the transaction will apply if you make a payment in a foreign currency when you're overseas or shopping online with an international retailer.

Your reviews

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Ask a question

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Sally Finder

Producer

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Rakez

June 17, 2017

Hi. I want to apply for Newcastle Permanent Value+ Credit Card. But I am a permanent Resident not Australian citizen. Do I qualify to apply? Thank you.


Avatar

Jonathan

June 17, 2017

Hi Rakez!


Thanks for the comment.


One requirement for applying on this card is a permanent Australian citizen and currently resides in Australia.


You can check out instead of a list of credit cards for temporary residents.


Select the “Go to Site” button of your chosen card to proceed with your application.


Hope this helps.


Cheers,

Jonathan


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Angela

October 13, 2015

Hello. I am looking to apply for a personal loan from Newcastle Permanent to pay off high rate credit cards with other banks(to clear my debt) and then also applying for a lower rate credit card with you, of say $3,000. How long does the approval process usually take for both of these products?


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Jonathan Finder

October 14, 2015

Hi Angela, thanks for your inquiry!


Credit card approval can be instant upon application approval or conditional (Requiring validation of documents etc) which can take 2-3 business days, this also applies to personal loan applications.


Cheers,


Jonathan


Avatar

Christina

May 18, 2015

Under your Value+Credit Card do I have any type of cover for car hire abroad as in Insurance or Liability for injury to people or Free collision and auto theft cover. I understand a lot of visa card providers offer these sorts of cover. thank you


Avatar

Jonathan Finder

May 18, 2015

Hi Christina,


Thanks for your inquiry.


This credit card does not include rental excess insurance. Please refer to the following links for cards that include rental car hire insurance and complimentary travel insurance.


Cheers,

Jonathan


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