Newcastle Permanent Value+ Credit Card

Newcastle Permanent Value+ Credit Card

Offer
Card features
balance transfer
purchase rate
annual fee
Apply
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.
ongoing
11.99% p.a.
ongoing
$49
ongoing

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
Rewards
Customer service
Convenience
Trust

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
Single
Card tier
Standard
Card type
Visa
Card use
Personal
Credit rating
N/A
Gambling transactions allowed
No
Joint application
No
Minimum age
18 years old
Minimum income
N/A
Minimum income for pensioners
Same as standard
Pensioners
Rewards program
None
Temporary residents
N/A

Cardholders

Additional cardholders
3
Additional card fee
$0 p.a.

Credit limits

Minimum credit limit
$500
Maximum credit limit
$20,000

Repayments

Interest charged from
Purchase date
Interest free period
Up to 55 days on purchases
Minimum repayment
3%

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
No
Balance transfer fee payment due
First statement
Balance transfer from personal loan
No
Balance transfer processing time
10 - 14 days
Interest free days with unpaid balance
0 days
Maximum balance transfer
N/A
Available to existing customers
No

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

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

    Fees

    Annual fee
    $49 p.a.
    Cash advance fee
    whichever is greater, $2.50 or 2%
    Dishonour fee
    $9
    Duplicate statement fee
    $10
    Foreign exchange fee
    3%
    Late payment fee
    $5
    Over limit fee
    $0
    Overseas ATM balance fee
    $2
    Overseas ATM withdrawal fee
    $2
    Overseas emergency card replacement fee
    $100
    Transaction verification fee
    $10

    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.
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