Balance Transfer Rate
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- Free supplementary cards
Number free supplementary
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Duplicate statement fee
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Balance Transfer Rate
max card limit
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Foreign Exchange Fee
3% on Visa
Estimated ATM Cost
for AU $300 withdrawal
- FREE SUPPLEMENTARY CARDS
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Newcastle Permanent is the largest building society and second largest customer-owned bank in Australia. Newcastle Permanent is a mutual building society, which means it is owned by its members rather than shareholders. Based in Newcastle, New South Wales, Newcastle Permanent serves more than 325,000 customers and employs over 1,000 staff.
Customers can reach Newcastle Permanent online, over the phone or in their local bank branch in Newcastle, New South Wales.
The Newcastle Permanent Value+ Visa comes with a moderately low annual fee, a moderately low interest rate and a moderate number of interest-free days.
There is no points program or rewards scheme offered with this credit card. However, it does offer a range of Visa features and benefits.
Balance transfers are offered on this Visa at a moderately low interest rate. The cash advance rate is also moderately low and cash advances incur a fee for the service.
As a cardholder, you can have up to three additional cards at no extra charge. Each person added to the primary account must be at least 16 years old.
Visa’s zero liability policy provides indemnity against fraudulent charges or unauthorised purchases made with your card or account information.
Worldwide Visa access lets you use the card anywhere Visa is accepted, and Visa Checkout lets you use your card from any compatible device.
- Moderately low annual fee
- Additional cardholders free
- Moderately low cash advance rate
- Late payment fee
- No 0% balance transfers
- No points program
Who is it good for?
The Newcastle Permanent Value+ Visa may appeal if you want a credit card with a minimal number of fees and charges to manage.
It offers the same moderately low interest rate for purchases, balance transfers and cash advances.
This credit card doesn’t offer a rewards scheme or points program, but it might be useful as a day-to-day card for paying bills and making purchases.
When using the card for purchases, you could take advantage of a moderate number of interest-free days.
Transactions made on this card enjoy a range of Visa protections. If you don’t want to carry a credit card on you, Visa Checkout lets you upload the card details to any device.
Contactless transactions less than $100 are supported by Visa payWave.
You don’t need to be an existing member of Newcastle Permanent to apply for this credit card.
What RateCity says
Newcastle Permanent Value+ Visa is a basic credit card that caters to a basic need. It offers no rewards or points scheme and applies the same interest rate across all transactions.
This Visa card gives you the option of using Visa payWave or Visa Checkout. Some of the less expensive credit cards on the market have little to no digital wallet features.
Up to three additional cardholders can be included on the primary account at no extra cost and with no annual fee.
Other fees and charges that apply to this credit card include a card replacement fee, direct debit fee, payment dishonour fee, foreign currency conversion fee and a replacement statement fee.
A minimum payment amount is required per statement period. A schedule of fees for the Newcastle Permanent Value+ Visa is readily available.
To be eligible for the Newcastle Permanent Value+ Visa you must be at least 18 years old. You must also be a permanent Australian resident and currently reside in Australia. Your annual income needs to be at least $20,000 and you will need to provide evidence of this via a copy of your most recent payslip, a financial statement or tax return. You can apply for the Newcastle Permanent Value+ Visa online, over the phone or in a branch.
About Newcastle Permanent
Newcastle Permanent, also known as Newcastle Permanent Building Society, was founded in 1903 as the Starr-Bowkett Society in Wickham, a suburb in the New South Wales city of Newcastle. It was converted to a permanent building society in 1939 and now employs nearly 1,000 staff with more than 325,000 customers and almost $11 billion in total assets. Newcastle Permanent is the largest building society Australia and the second largest customer-owned banking institution in Australia.
Property Personal Finance Writer
A property and personal finance writer, Nick Bendel covers 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.
If you have a bad credit score, you might encounter two main problems. First, the lower your credit score, the more likely you are to be rejected when you apply for a loan or any other credit product. Second, if your application is accepted, the less likely you are to qualify for the lowest interest rates.
The reason Equifax, Experian and Illion use different scores is because they are independent companies with their own different methodologies. As a result, a score of, say, 700 would mean different things at different credit reporting bureaus.
However, the one thing they have in common is that they divide their scores into five tiers. So if you receive a tier-two credit score from one bureau, you will probably receive a tier-two score from the others, as well.
Yes, as credit card providers look at your annual income amount as well as your occupation. Minimum income requirements tend to be between $30,000 – $40,000 for standard and rewards credit cards, however low income credit cards can have minimum income requirements as low as $15,000 per year.