Benefits
New Castle Permanent Value + Credit Card offer low rates and fees for the credit card user that does not a credit card to cost them all out of doors. New Castle Permanent is a value added credit card and an economic tool, making this a near perfect, everyday credit card.
Interest free days are just about the best perk a credit card can offer its customer and New castle Permanent offers up to 55 of them. For the Savvy credit card user who takes advantage of interest free days will find a great savings by paying the balance by the end of the billing cycle. Interest free days are the perfect counterpart to low rates and fees.
New Castle Permanent also offers up to 4 additional cards at no added fee, phone and internet banking to make your transactions more convenient and the option to add a personalized image on your credit card for added security.
A generous credit limit, online account management, cash advance opportunities, credit card transfer balance program and competitive rates makes the New Castle Permanent Value + Credit Card an all around credit card that includes it all without it costing all. A word of note, however, cash advances and balance transfers are not subject to interest free days. Balance transfers are offered for balance on non New Castle credit and store cards.
Application and Approval
Applying for the New Castle Permanent Value + Credit Card is quick and easy. The application for the New Castle Permanent Value + Credit Card can be filled out and submitted online, over the telephone or in person during regular banking hours. If necessary, call or email New Castle and they will send an application by postal mail.
After the application is submitted, it will be reviewed and assessed for credit worthiness. Upon approval, the Terms and Conditions will be set as well as the allowable credit limit and interest rate that will be charge on the account. The applicant will be notified of acceptance or not. The account is considered open the day it is approved.
To qualify for application, the applicant must be at least 18 years old and have an address in any state of Australia and as well as be a permanent citizen of Australia. The applicant must also be permanently employed and able to provide the necessary documentation.
Interest free Days
An incredible perk offered by a credit card company is interest free days. That means if the balance on the credit card is paid by the end of the billing cycle, the account will not be charged any interest. What that amounts to for the card holder is, technically, an interest-free loan. When a charge is made against the credit card, the issuer pays the vendor for that item. The card issuer charges the card holder a fee for paying that charge, or for lending the card holder the money to pay for that item.
Interest free days can be a terrific money saver for those who are spending money on home furnishings, upgrades or any big ticket item. As long as the balance is paid in full before the end of the billing cycle, the card holder will pocket the savings for other projects.
Interest free days do not apply to cash advances. The normal, daily interest rate will apply. Also note, if the credit card holder is carrying a balance forward and has cash advance on the books, the payment made will go towards the balance with the lower interest rate first until that balance is paid. In the event, the purchase balance is the lesser of the two, the purchase balance will receive credit for the payment and the cash advance balance will continue to be charged interest for the full amount of the balance.
