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.
Interest Rate (p.a.)
Min Loan Amount
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.
Compare other personal loans
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
Personal Loan OffersImportant Information*
You'll receive a fixed rate between 5.35% p.a. and based on your risk profile.
Apply for a loan up to $50,000 and repay your loan over 3 or 5 years terms.
You'll receive a fixed rate of 8.99% p.a.
Apply for up to $50,000 to use for a variety of purposes without needing to add security. Available to self-employed applicants.
You'll receive a fixed rate between 6.99% p.a. and 18.99% p.a. ( 7.91% p.a. to 19.83% p.a. comparison rate) based on your risk profile
An unsecured loan up to $55,000 you can use for a range of purposes and pay off over up to 7 years. Note: Majority of customers will get the headline rate of 12.69% p.a. (13.56% p.a. comparison rate) or less. See Comparison rate warning in (i) above.
You'll receive a fixed rate between 6.99% p.a. and 20.49% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Benefit from no ongoing fees and no early repayment fee.