Value+ Credit Card
Virgin Money Virgin Australia Velocity Flyer Card (Balance Transfer Offer)
Balance Transfer0% p.a. for 22 months on balance transfers. Earn 3 additional bonus Velocity Points per $1 on your everyday spend in the first 3 months (capped at 10,000 points per month).
Balance Transfer Rate
Max Free Days
Number free supplementary
Interest Free Days
Interest Free Days
Maximum credit limit
Late Payment Fee
Minimum credit limit
Over limit fee
Minimum repayment dollars
Duplicate statement fee
Minimum repayment percent
Supplementary card annual fee
Cash advance rate
Balance Transfer Rate
Balance Transfer Rate
Balance Transfer Fee
Foreign Exchange Fee
3% on Visa
Estimated ATM Cost
for AU $300 withdrawal
Australia Citizen, Permanent Resident
- Free Supplementary Cards
Compare and review credit cards with similar features
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.
If you’ve recently used your credit card to pay for something over the phone or online, you would have been asked to provide a CVV number. CVV stands for ‘card verification value’, and is also sometimes referred to as a CVC or card verification code.
A CVV code is usually needed when the card is used online or over the phone as an anti-fraud measure. Without the cardholder being physically present to sign or verify the purchase, the CVV provides an extra layer of protection.
If you’re using Mastercard or Visa, the CVV is usually three digits and is located on the back of the card. If you’re using an American Express, the CVV is usually four digits and is on the front of the card.
For most Australians, there are no great barriers to applying for and getting approved for a credit card. Here are some points that a lender will consider when assessing your credit card application.
Credit score: A bad credit score is not the be all and end all of your application, but it may stop you being approved for a higher credit limit. If your credit score is less than perfect, apply for the credit limit that you need, rather than the one you want.
Annual income: Most credit cards have minimum annual income requirements. Make sure you’re applying for a card where you meet the minimum.
Age & residency: You need to be at least 18 years old to apply for a credit card in Australia, and most require that you are an Australian citizen or permanent resident. However, there are some credit cards available to temporary residents.