Newcastle Permanent Value+ Credit Card

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

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.

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11.99% p.a.

Balance transfer rate

11.99% p.a.

Purchase rate

$49 p.a.

Annual fee

55 days

Interest free period

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Product NameNewcastle Permanent Value+ Credit Card
Balance transfer rate11.99% p.a.
Purchase rate11.99% p.a.
Annual fee$49
Interest-free periodUp to 55 days on purchases
Cash advance rate11.99% p.a.
Min credit limit$500
Card typeVisa
Foreign currency conversion fee3%
Minimum income$20,000
Available to temporary residentsNo
Joint applicationNo


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


  • Does not offer any rewards
Bonus pointsN/A
Annual fee$49
Minimum monthly repayment3% of the closing balance or $10, whichever is greater
Late payment fee$5
Foreign currency conversion fee3%
Cash advance fee2% or $2.50, whichever is greater
Additional cardholder fee$0
Number of additional cardholders3

Review by

Sally McMullen is a creative content producer at Finder. Sally has written about credit cards for almost 5 years, authoring almost 900 articles on Finder alone. She has also been published in Yahoo Finance, Dynamic Business, Financy and Mamamia, as well as Music Feeds and Rolling Stone. Sally has a Bachelor of Communication and Media Studies majoring in Journalism (Hons) from the University of Wollongong.

Expert review

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.

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.

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    Default Gravatar
    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.

      Default Gravatar
      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.


    Default Gravatar
    October 14, 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?

      Avatarfinder Customer Care
      October 15, 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.



    Default Gravatar
    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

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