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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Matt Corke

Last Updated Oct 12, 2020

20.49% (variable)

Interest Rate (p.a.)

$5,000

Min Loan Amount

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Product Name	Citi Ready Credit
Interest Rate (p.a.)	20.49% (variable)
Interest Rate Type	Variable
Min Loan Amount	$5,000
Max. Loan Amount	$75,000

Matt Corke

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Matt Corke is Finder's head of publishing for rest of world and New Zealand. He previously worked as the publisher for credit cards, home loans, personal loans and credit scores. Matt built his first website in 1999 and has been building computers since he was in his early teens. In that time, he has survived the dot-com crash and countless Google algorithm updates.

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

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?

finder 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

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?

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

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.

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

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

finder 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

Patrick
February 15, 2016

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

finder 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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Citi Ready Credit – 3.99% for 3 years