Get a low rate Newcastle Permanent credit card that can help you save on interest, or take a look at its offering for businesses
This financial institution offers different types of products and services, which include savings and transaction accounts, home and personal loans, as well as credit cards.
Newcastle Permanent Credit Card Offer
A no-frills Visa card with a low standard variable interest rate applied on purchases, balance transfers and cash advances with a competitive annual fee.
- $49 p.a. annual fee
- 11.49% p.a. on purchases
- Cash Advance Rate of 11.49% p.a.
- Up to 55 days interest free
- Minimum Income Requirement of $20,000 p.a.
Comparison of Newcastle Permanent Credit Cards
Types of credit cards that Newcastle Permanent offers
Newcastle Permanent gives its customers the option of Visa credit cards that they can use globally, and while they offer a credit card for individuals they also offer one for businesses.
Low rate credit card
A typical low rate credit card comes with all the basic features you would expect in a credit card, and it attracts a lower rate of interest when compared with a card that offers a wider range of features. The Newcastle Permanent Value+ Credit Card is no different. In addition to a highly competitive interest rate this credit card gives you up to 55 interest-free days on purchases, but you have to pay a nominal annual fee. The Visa connection brings with it Visa Fast Pay and Visa payWave technologies.
Business credit cards
Business credit cards find favour with small, mid-sized, and large businesses alike. The Business+ Credit Card that Newcastle Permanent offers is an option for business looking for overdraft facilities or a convenient line of credit. You can get unlimited credit cards under a single account, cardholders get up to 44 interest-free days on purchases, and transit accident insurance is complimentary when a cardholder uses this card to book travel tickets.
Benefits of the Newcastle Permanent Credit Card
While Newcastle Permanent credit cards don’t offer the bells and whistles you might associate with a premium credit card, cardholders are privy to various benefits:
Worldwide access and other Visa benefits
Merchants across the globe accept Visa credit cards, so you can use your Value+ Credit Card or Business+ Credit Card just about anywhere in the world. These credit cards also come with Visa Fast Pay technology that allows you to make ‘dip and go’ payments for purchases up to $35, and you can make contactless payments for purchases up to $100 with payWave technology.
The Business+ Credit Card allows an unlimited number of cardholders under a single account, whereas with the Value+ Credit Card you can get up to three additional cards for no extra cost.
Multiple ways to access account details
Visiting a Newcastle branch is one way to access any account-related information. You also have the option of phone banking, internet and mobile banking, all of which are free.
You can use your Value+ Credit Card to transfer balances from existing credit cards, and all you have to do is submit a balance transfer application form. The minimum you can transfer is $500 and the maximum depends on your credit limit. Any transferred amount attracts the card’s cash advance rate.
How to apply for a Newcastle Permanent Credit Card
You apply for a Newcastle Permanent credit card online after selecting the credit card you’re interested in. If you’re self-employed or a pensioner you’ll have to complete a paper-based application. This is because of certain complexities surrounding income documentation. In any case, make sure you meet the eligibility criteria, which, for the Value+ Credit Card, are as follows:
- You should be at least 18 years old
- You should be a permanent Australian resident
- Your annual income should not be less than $20,000
To complete the application, you have to provide a variety of information, which includes the following:
- Personal details. These include your name, phone number, date of birth, address and driver’s license number.
- Employment details. These include your employer’s name and contact details.
- Financial information. You have to provide a detailed list of income from all sources, as well as assets and liabilities. These include details about savings, loan and credit card repayments. Employed individuals should provide their most recent payslips and self-employed individuals have to submit financial statements and personal tax returns for the last two years.
What happens after I apply?
If Newcastle Permanent requires any extra information after you submit the application, a bank representative will get in touch with you. Once the bank receives all the required information it will process your application and inform you of the decision in writing.
If you’re not an existing Newcastle Permanent customer you will have to complete an identification verification process. You can complete the required formalities either by visiting a Newcastle Permanent branch or at an Australia Post office.Back to top
Frequently asked questions
Given below are answers to frequently asked questions about Newcastle Permanent credit cards, and if you have any question that remains unanswered please ask using the form of the end of this page.
If approved, how long might it take for me to get my card?
If you’re completing an online application the process should take no more than a few minutes. Upon receiving all required information, the bank processes your application within five business days, and you can expect to hear about the outcome within 10 business days.
Can I check my application’s status during this process?
Yes, you can find out about the status of your credit card application by calling the bank’s helpline, and you also have the option of visiting a branch.
What repayment options do I have?
One way to make a payment is to visit a branch and pay by cash or cheque, or you can also mail in a cheque. You can make payments through electronic funds transfer using any Australian bank account. You can also make payments via BPAY.
What is the minimum and maximum credit limit, and how can I change my card’s limit?
The minimum credit limit this card comes with is $500 and its maximum limit stands at $20,000. When considering your application, the bank takes several aspects into account before assigning you a credit limit. You can request for an increase or decrease in your credit limit, but there is no obligation on the bank to honour your request. You can apply for an increase in your card’s limit online.
Does the card have different purchase and cash advance rates?
Yes, the cash advance rate this card attracts is slightly higher than its purchase rate. Balance transfers attract the cash advance rate unless specified otherwise.
What fees might I have to pay?
The Value+ Credit Card attracts a nominal annual fee, which you have to pay every year you keep the account active. If you’re late in making payments, you’ll have to pay a late payment fee. Other fees can include cash advance fees, direct debit dishonour fees, foreign currency conversion fees, card replacement fees, and replacement statement fees.
Do Newcastle Permanent credit cards offer reward points or rewards?
No, this is not currently a feature offered by Newcastle Permanent.
What should I do if I lose my card?
You should report lost or stolen cards as soon as possible. You’ll need to call Newcastle Permanent directly to do this.
How can I cancel my card?
If you wish to cancel your card you can do so by writing to the bank, by visiting a branch, or even over the phone. You should return your card to the bank or destroy it to prevent fraudulent usage. The contract ends when you pay the outstanding balance in full, and until then you remain liable for money owing through transactions as well as fees and charges.