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Newcastle Permanent Value+ Credit Card
Newcastle Permanent Value+ Credit Card

Newcastle Permanent Value+ Credit Card

Updated 27 November 2019

Purchase Rate (p.a)

11.99%

Balance Transfer (p.a)

N/A  

Annual Fee (p.a)

$49

$0

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Pros and cons

  • Low 11.99% on purchases, balance transfers and cash advances
  • $49 annual fee
  • Up to 3 additional cards at no extra charge

  • No 0% introductory offer on balance transfers

Creditcard.com.au review

Editor Review

Newcastle Permanent Value+ Credit Card

Roland Bleyer
Credit Card Expert with over 15 years card experience and the founder of Creditcard.com.au. about this card.

The Newcastle Permanent Value+ Credit Card

As its name suggests, the Newcastle Permanent Value+ Credit Card focuses on value, providing one low rate on purchases, cash advances and balance transfers for a low annual fee. The card also offers up to 55 days interest free on purchases, three free additional cardholders on the account, and all the features you would expect on a standard Visa card.

What we love...

One of the first things to note on the Newcastle Permanent Value+ Credit Card is its low rate of interest across purchases, cash advances and balance transfers. Why would this be of interest to you? A low purchase rate could work well for you if you carry a balance on your card. Instead of paying a much higher interest rate on a more expensive card, you could pay less on this card thanks to its lower purchase rate, which could help you clear your balance faster.

Once you manage to clear your balance, you can take advantage of the card’s handy interest free feature. With this, you can benefit from up to 55 days interest free on purchases when you pay off your balance by the due date each month. This could allow you to keep interest costs at zero for everything from larger purchases to everyday spending.

While it may not offer much in the way of features, the Newcastle Permanent Value+ Credit Card does make up for it with a low annual fee. You will usually find cards that offer more in the way of features, such as extras and rewards, often have a higher annual fee. But, you may not need those features. If that’s the case, a low feature card charging a low annual fee may be more your style.

Alongside its low annual fee, this card allows up to three additional cards at no extra charge. If you have family members you’d like to add to the account, this could save you money, offering those who need it access to credit, while streamlining your family finances with just one credit card account to track and pay, rather than up to four.

What’s not so great...

When it comes to low cost cards such as the Newcastle Permanent Value+ Credit Card, we generally don’t find much to complain about. Paying less in annual fees and interest will always be appealing, and that’s exactly what this card offers. But, we do know that this type of card does not appeal to everyone. If you want to earn rewards, or perhaps take advantage of extravagant extras, it may be time to compare other options.

Why should you choose this card?

The Newcastle Permanent Value+ Credit Card provides access to credit across the Visa network. This means you can use the card around the world, wherever Visa is accepted, while also taking advantage of functional features such as Visa payWave and Visa Checkout, backed by Visa's Zero Liability.

With a low minimum income requirement of $20,000 per year, plus a low minimum credit limit of $500, it may suit smaller spenders, or really, anyone who wants to keep costs down. To be eligible, you need to be over the age of 18, and an Australian citizen currently residing in Australia who meets that minimum income requirement. From there, it’s a simple online application process that requires:

  • Your Australian driver’s licence (if applicable),
  • Employment details,
  • Details of your income, assets and liabilities,
  • Information about any additional cardholders (if applicable),
  • A copy of your most recent payslip, or if you are self-employed, your financial statements and personal tax returns for the past two years.

Overall Rating

The Newcastle Permanent Value+ Credit Card keeps costs down with a low annual fee, up to 55 days interest free on purchases and one low rate on purchases, cash advances and balance transfers.

User reviews

Newcastle Permanent Value+ Credit Card ( based on 1 Creditcard.com.au user review )

50% rating based on 1 review

Rates
Fees
Rewards
Customer Service
Value

Rates and fees

Interest rates



Purchase rate 11.99% p.a.

Cash advance rate 11.99% p.a.

Interest free period on purchases up to 55 days

Credit limits

Minimum credit limt $500

Maximum credit limit N/A

Fees & repayments

Annual fee $49 p.a.

Additional card holder fee Up to 3 at no extra cost

Foreign transaction fee 3%

Minimum repayment

Cash advance fee N/A

Late payment fee $5

Additional features

Complimentary insurance

International Travel Insurance No

Flight Inconvenience Insurance No

Transit Accident Insurance No

Smartphone Screen Insurance No

Purchase Protection Insurance No

Extended Warranty Insurance No

Rental Vehicle Excess In Australia Insurance No

Overview

Newcastle Permanent Value+ Credit Card

Key features

  • Low 11.99% on purchases, balance transfers and cash advances
  • Up to 55 days interest free on purchases
  • $49 annual fee
  • Up to 3 additional cards at no extra charge

Minimum criteria to apply for this card

  • Be over 18 years old

  • Good Credit and have not applied for multiple credit cards recently

  • Permanent Resident or Australian Citizen

  • Minimum income of $20,000 p.a.

  • You have your personal details ready to complete the online application

Roland B Bleyer

Roland B Bleyer founded Creditcard.com.au in 2005 and has extensive knowledge about credit cards. He personally answers all questions and write the editor reviews for each card here. Always keen to share his passion to educate consumers and help you select better suited credit cards.

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