Newcastle Permanent Credit Cards

Why choose Newcastle Permanent

Benefits

Moderately low annual fee
Low late payment fee
Visa Zero Liability insurance

Drawbacks

No frequent flyer points
No rewards scheme
No sign-on bonuses

About Newcastle Permanent credit cards

Like many other customer-owned banking institutions, Newcastle Permanent has a thinner range of credit cards than you may find at a big four bank in Australia. Newcastle Permanent offers no-frills credit cards that focus on low rates and fees. Its product range does not include platinum, frequent flyer, rewards or travel credit cards.

Newcastle Permanent credit card rates are typically at the low end of the market. Its credit card rates tend to be moderately low for purchases, cash advances and balance transfers. Customers are also permitted a moderate number of interest-free days on purchases only.

Similarly, Newcastle Permanent credit card fees tend to be reasonable. Customers are charged a low late payment fee and moderately low annual fee. Newcastle Permanent also charges international transaction fees and foreign conversion fees.

Newcastle Permanent credit cards review

Because Newcastle Permanent provides cards focused on reducing customer cost, it may be a suitable choice for budget card holders and existing Newcastle Permanent members. Newcastle Permanent does not offer platinum or rewards credit cards, so rewards-seekers may not find Newcastle Permanent a suitable choice.

Newcastle Permanent is owned by its members rather than by shareholders, which means they can use profits to lower their credit card rates and fees. Newcastle Permanent credit card rates tend to be moderately low with a moderate interest-free period. Fees tend to range from low to moderately low. Together, the reasonable rates and fees reduce cost for customers.

To be eligible for a Newcastle Permanent credit card, you must be over the age of 18, be an Australian citizen residing in Australia and meet a minimum annual income threshold.

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About our expert

Nick Bendel

Property & Personal Finance Writer

A property and personal finance writer, Nick Bendel covered property, loans, credit cards, superannuation, and other bank products. Nick has previously written for The Adviser, Mortgage Business, Lifehacker, Business Insider, Yahoo Finance, and InvestorDaily, and loves getting elbow-deep in the latest ABS, APRA and RBA data.

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^Words such as "top", "best", "cheapest" or "lowest" are not a recommendation or rating of products. This page compares a range of products from selected providers and not all products or providers are included in the comparison. There is no such thing as a 'one- size-fits-all' financial product. The best loan, credit card, superannuation account or bank account for you might not be the best choice for someone else. Before selecting any financial product you should read the fine print carefully, including the product disclosure statement, target market determination fact sheet or terms and conditions document and obtain professional financial advice on whether a product is right for you and your finances.