Citi Ready Credit – 3.99% for 3 years

Enjoy a convenient line of credit to use for any worthwhile purpose.

Citi's Ready Credit is a convenient line of credit that gives you access to your funds over an extended period. Apply for a credit limit and spend up to and including that limit at a competitive rate of 3.99% for 3 years on initial balances transferred. You can spend your limit by making purchases at the normal rate of 20.49% p.a.

Read the review below for exactly how the Ready Credit works.

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20.49% (variable)

Interest Rate (p.a.)

$5,000

Min Loan Amount

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Details

Product NameCiti Ready Credit
Interest Rate (p.a.)20.49% (variable)
Interest Rate TypeVariable
Min Loan Amount$5,000
Max. Loan Amount$75,000

How does the Citi Ready Credit work?

There are a few ways to use the Ready Credit account:

1. Balance transfer option. You can request a BPAY balance transfer when you apply for the Ready Credit account. The amount you transfer will have the promotional 3.99% p.a. applied to it for the first 3 years. It will revert to the standard variable rate – currently 20.49% p.a. after 3 years.

2. Spending on the Mastercard debit card. You also have the option to spend your available credit limit using the Mastercard debit card. You can spend up to and including your balance, which can be between $5,000 and $75,000. Any purchases made through the Mastercast debit card will have the standard variable rate of applied.

The Ready Credit comes with an establishment fee of $199 that's added to onto your account balance.

What features does Citi offer with the Ready Credit?

  • 3.99% p.a. for 3 years. This promotional interest rate applies to balances transferred at the time of your application. At the end of the promotional period, any outstanding balance will revert to the variable rate of 20.49% p.a.
  • Competitive rate on balance transfers. Receive a competitive rate of 3.99% p.a. on any credit card, store card, charge card, personal loan or line of credit balance you transfer to the Citi Ready Credit.
  • No ongoing fees. The Ready Credit comes with a one-off establishment fee of $199, but there are no ongoing fees charged to keep this account.
  • Balance transfer your personal loan. Citi is one of the few providers that lets you balance transfer your personal loan debt.
  • Citi cardholder benefits. Apply for the Citi Ready Credit balance transfer offer and you will get access to exclusive Citi cardholder benefits like a free bottle of award winning wine when you shop at a participating Citi partner restaurants.

How you can apply for the Citi Ready Credit

If you would like to apply for the Citi Ready Credit click "Go to Site" to submit your application. You can confirm details of the offer and also your repayment options. The application is simple to complete and should only take about ten minutes.

To apply for the Citi Ready Credit, you must meet the following criteria:

  • Be over the age of 18
  • Have a good credit rating
  • Earn a taxable income of $40,000 or more
  • Be an Australian resident
  • Not have applied for a Citi credit card in the previous nine months

You will need to have the following information on hand if you wish to apply for the Citi Ready Credit balance transfer offer:

  • An Australian driver’s licence
  • Your contact details
  • Your employer’s address and contact details, or your accountant’s details if self-employed
  • Details of your income, assets and liabilities

How to apply for the balance transfer offer

If you want to apply for the Citi Ready Credit Balance transfer offer, proceed through the application until you reach a page where it asks you if you want to transfer a balance to the account. You will need to enter your current card or account number(s) and the amount you wish to transfer from each.

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145 Comments

    Default Gravatar
    Akila
    January 4, 2018

    Hi there,

    When You say “must have a good credit rating”, what do you exactly mean? Which credit score do they use and what should be the minimum score?

      Avatarfinder Customer Care
      Rench
      January 4, 2018

      Hi Akila,

      Thanks for your inquiry. Please note that we are not affiliated with Citibank or any company we feature on our site and so we can only offer you general advice.

      A “good” credit score is between 622 and 725, a “very good” score is between 726 and 832 and an “excellent” score falls between 833 & 1200. You may get more info about credit score on this page.

      If you are referring to Citi Ready Credit, you may contact Citi directly to further inquire about their requirements. Then you may click the green “Go to site” button to submit an online application through their official site.

      Best regards,
      Rench

    Default Gravatar
    ally
    September 21, 2017

    Hi there

    I use to have a citibank credit card until Feb this year. I close all my accounts and left the bank at the same time. Can I apply for the ready credit offer?

      Default Gravatar
      Arnold
      September 21, 2017

      Hi Ally,

      Thanks for your inquiry

      Yes, you can still apply for the offer.

      If you would like to apply for the Citi Ready Credit click “Go to Site” on the above page to submit your application. You can confirm details of the offer and also your repayment options. The application is simple to complete and should only take about ten minutes.

      To apply for the Citi Ready Credit, you must meet the following criteria:

      Be over the age of 18
      Have a good credit rating
      Earn a taxable income of $40,000 or more
      Be an Australian resident
      Not have applied for a Citi credit card in the previous nine months
      You will need to have the following information on hand if you wish to apply for the Citi Ready Credit balance transfer offer:

      An Australian driver’s licence
      Your contact details
      Your employer’s address and contact details, or your accountant’s details if self-employed
      Details of your income, assets and liabilities

      Hope this information helps

      Cheers,
      Arnold

    Default Gravatar
    Goce
    May 24, 2017

    I have a business for over 15 years i want to apply for a $55,000 card and purchase rate of 9.9% rate. Is it possible? My total gross income per annum is over $1.1m.

      Default Gravatar
      Jonathan
      May 24, 2017

      Hello Goce!

      Thank you for visiting our website.

      Based on the eligibility criteria listed above, your income of $1.1M actually meets the income requirement for the Citi Ready Credit. If you think you also meet all the other criteria for this line of credit, please visit Citibank’s official page to submit your application.

      Meantime, for more information, you can find on our guide on how you can get a line of credit for your business.

      Hope this clarifies.

      Cheers!
      Jonathan

    Default Gravatar
    Jeyenthy
    October 10, 2016

    Hi,

    I have a Citi Credit Card, and I would like to apply for the balance transfer from my current CBA Bank to Citibank.

    Can you please advise on the process.

    Thanks
    Jeyenthy

      Avatarfinder Customer Care
      Elizabeth
      October 10, 2016

      Hi Jeyenthy,

      Unfortunately, you’re ineligible for this offer as you’re a current Citibank customer. The offer is only available for new customers. You can compare your other personal loan refinancing options through our website.

      Hope this helps,

      Elizabeth

    Default Gravatar
    Patrick
    February 15, 2016

    What does “Booked” mean when you enquire about the status of a personal loan application?

      Avatarfinder Customer Care
      Elizabeth
      February 15, 2016

      Hi Patrick,

      “Booked” will likely be just confirming that you have enquired about the status of your application. If you have received any communication from Citibank then you can confirm this. If you do not receive any communication from Citibank then you should get in contact with them to follow up.

      I hope this has helped,

      Elizabeth

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