Newcastle Permanent Value+ Credit Card

Newcastle Permanent Value+ Credit Card

Card features
balance transfer
purchase rate
annual fee
Newcastle Permanent Value+ Credit Card
Low 11.99% p.a. rate on all your purchases.
Up to 55 days on purchases interest-free.
Visa payWave enabled.
Add to comparison
11.99% p.a.
11.99% p.a.

Pros & cons

What's good?

What's not so good?

Get a low standard 11.99% p.a. interest rate on purchases, which is very competitive among low rate cards.
Up to 3 additional cardholders. $0 p.a. per card. This is useful for families looking for an easy way to manage spend.
Up to 55 days on purchases interest-free.
Credit limits from $500 to $20,000.
The 3% foreign exchange fee is lower than what most competing low rate cards charge.
Visa payWave for contactless payments. It’s faster.
The cash advance fee of $2.50 or 2%.
Disclaimer: Reviews rely upon third party information that may not be correct or may be changed without Credit Card Compare’s knowledge. You must carefully consider your own circumstances before making any commitments and confirm all offers and terms with credit card providers before accepting them. Please refer to our T&Cs for more.

User reviews

3.9 out of 5.0 based on 1 review100% of reviewers would recommend this card

Rates and fees
Customer service

Reviews from users

My card, my lifesaver

Reviewed and recommended by Di Murphy on 19 Sep 2015

Four years ago I found myself a single mother with little income and an unstable future. Finding permanent work was very difficult, resulting in me taking a lot of casual work. As a result my cashflow was not always regular and providing my son with quality meals consistently would have proven difficult without the use of this card. Few institutions would help due to the instability of my income, but the Newcastle Permanent Value+ Credit Card came to my rescue.

Disclaimer: The opinions expressed about credit cards are the reviewer's alone, and do not reflect the views of Credit Card Compare or the credit card issuer. Reviews have not been approved or otherwise endorsed by Credit Card Compare.

The basics

About this card

Card setup
Card tier
Card type
Card use
Credit rating
Gambling transactions allowed
Joint application
Minimum age
18 years old
Minimum income
Minimum income for pensioners
Same as standard
Rewards program
Temporary residents


Additional cardholders
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
Maximum credit limit


Interest charged from
Purchase date
Interest free period
Up to 55 days on purchases
Minimum repayment

Balance transfers

The offer

Interest ratePeriodFeeLimitRevert rate
Balance transfers11.99% p.a.N/ANoneN/AN/A

Balance transfers to this card

Balance transfer earns rewards
Balance transfer fee payment due
First statement
Balance transfer from personal loan
Balance transfer processing time
10 - 14 days
Interest free days with unpaid balance
0 days
Maximum balance transfer
Available to existing customers

Banks you can't balance transfer from

You can't balance transfer to the Newcastle Permanent Value+ Credit Card at the promotional balance transfer rate from:

    Rates & fees

    Promotional interest rates

    Interest ratePeriodFeeLimitRevert rate
    Balance transfers11.99% p.a.N/ANoneN/A N/A
    PurchasesN/AN/AN/AN/A N/A

    Ongoing interest rates

    Cash advances 1.00% 11.99% p.a.
    Purchases 1.00% 11.99% p.a.


    Annual fee
    $49 p.a.
    Cash advance fee
    whichever is greater, $2.50 or 2%
    Dishonour fee
    Duplicate statement fee
    Foreign exchange fee
    Late payment fee
    Over limit fee
    Overseas ATM balance fee
    Overseas ATM withdrawal fee
    Overseas emergency card replacement fee
    Transaction verification fee

    Minimum criteria for this card

    What you need before applying

    Be over 18 years old
    You are a resident or citizen of Australia
    You have your personal details ready to complete the online application
    Have not applied for multiple credit cards recently
    Age Pension and Veteran's Pension are acceptable.
    Carer's Allowance is acceptable.
    Joint applications are not allowed
    Disability Pension, Overseas Pension and Widower's Pension are not acceptable.
    Austudy, Child Support Payments, Family Tax Benefits and Parenting Payments, Foster Care Allowance and Youth Allowance are not acceptable.
    Disclaimer: The minimum criteria are intended only to be a guide. Your application may still be rejected by the bank even if you can answer 'Yes' to all the minimum criteria. The final decision regarding your application is up to the bank.

    Similar cards

    More cards like this one

    This card is listed in these comparisons

    Protect your identity. Monitor your credit score for free.

    Join more than 17,000 Australians and get your score today.
    1. Protect yourself from identity fraud
      Get alerted to large credit score drops.
    2. Know where you stand
      The banks know your score. Shouldn’t you too?
    3. Avoid a nasty surprise
      Before applying, check if your credit is good enough.
    4. Always with you
      Check online or download the app.
    People are happy
    Rated 4.8 out of 5 for customer satisfaction.
    You may have seen us in
    Compare these cards: