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Citi Ready Credit – Rates and Fees

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Take control of your debt with a low balance transfer offer and keep your repayments low.

Citi Ready Credit is a personal loan that is linked with a Mastercard Debit Card, giving you more flexibility with your spending. With the convenience of a card, you can redraw funds easily and enjoy a competitive interest rate.

20.49% (variable)

Interest Rate (p.a.)


Min Loan Amount


Product NameCiti Ready Credit
Interest Rate (p.a.)20.49% (variable)
Interest Rate TypeVariable
Min Loan Amount$5,000
Max. Loan Amount$75,000
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Main points to consider about the Citi Ready Credit

The Citi Ready Credit personal loan offers a line of credit that can be used like a credit card. The finance facility offered by Ready Credit comes with a credit limit of up to $75,000, a competitive introductory rate of 6.9% p.a. and no fixed term so that you can make repayments at your own pace. The loan may be suitable for those looking to free up cash for everyday expenses or bigger purchases, or for people looking to consolidate debt and save on interest fees.

Features of the Citi Ready Credit

  • Introductory offer. The Citi Ready Credit personal loan comes with a competitive introductory rate of 6.9% p.a. on purchases and the initial balance for the first 3 years. The standard variable rate of 20.49% p.a. will apply to balances after 3 years.
  • Cheque to self. You can request for a cheque to be sent to you as soon as your loan is approved so you can access 80% of your credit limit and take advantage of the competitive interest offer even without transferring your balance.
  • No monthly fees. The Citi Ready Credit features $0 monthly fees.
  • Security features. Customers get to benefit from purchase cover insurance whenever they shop using their Mastercard Debit Card, which covers theft, damage or loss of a wide range of personal items purchased in stores across the globe. Citi also offers a secure transaction platform that is encrypted using the latest technology so you can make online payments with your card with confidence. In addition, you also get extended warranty insurance on personal goods purchased with your Mastercard.

Costs to consider

  • Fees and charges. The Citi Ready Credit accounts come with a $199 establishment fee. The loan has no transaction or account-keeping fees.
  • Interest rate. The loan comes with a competitive introductory rate of 6.9% p.a. for the first 36 months, allowing you to transfer your balance from other cards or loans and consolidate your debt for faster repayment. After the introductory rate expires, the loan reverts to a standard rate of 20.49% p.a.
  • Loan repayments. The loan comes with flexible monthly repayments and the option to make additional repayments with no penalties. There is no fixed term on the loan, meaning that you can make payments for a loan amount of between $5,000 and a maximum of $75,000 at your own pace.

How to apply for the Citi Ready Credit

Apply online for a Citi Ready Credit today and find out if you qualify for the loan in a matter of minutes. The following are the eligibility criteria you will need to meet.

  • You must earn more than $40,000 p.a.
  • The bank will examine your credit file to determine if you are creditworthy and whether you have past defaults or other credit infringements.
  • You must be 18 years and above to be approved for the loan.

You will also need to provide the following as part of your application:

  • Personal details such as your name and address.
  • Identification that you are an Australian resident.
  • Your financial information including your income and details of other loans and cards.
  • Information regarding your employment.
Citi Ready Credit offers you a flexible line of credit with a competitive introductory rate and no monthly fees.

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Personal Loan Offers

Important Information*
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Harmoney Unsecured Personal Loan

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NAB Personal Loan Unsecured Fixed

You'll receive a fixed rate between 9.99% p.a. and 18.99% p.a. ( 10.88% 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.

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SocietyOne Unsecured Personal Loan

You'll receive a fixed rate between 7.5% p.a. and 20.49% p.a. based on your risk profile
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Pepper Money Unsecured Fixed Rate Personal Loan

You'll receive a fixed rate between 7.95% p.a. and 16.95% p.a. based on your risk profile
A loan from $5,000 to use for a range of purposes. Make additional repayments or pay off the loan early, penalty-free.

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  1. Default Gravatar
    June 29, 2017

    Is there a way to transfer balance outstanding on overseas credit card to Australian Credit card? I was an Indian Resident and used to have Citibank India Credit card. Last year I immigrated to Australia and finding it very difficult to pay the outstanding that I have on my Citibank Indian credit card, while being in Australia. So I was contemplating balance transfer from Citibank India to Citibank Credit card Australia.


    • Default Gravatar
      June 29, 2017

      Hi Alok!

      Currently, restrictions are in place on the Australian institutions and they cannot “buy” debts from overseas. One possible course of action you may take is to consider doing a balance transfer within your local country to get better interest deals, and then make a money transfer regularly to pay off your card from Australia.

      You may read our full guide here.

      Hope this helps.


  2. Default Gravatar
    October 27, 2016

    Where do I go to get a default removed if I have it on my Citigroup credit card?

    • Avatarfinder Customer Care
      October 27, 2016

      Hi Mary.

      Thank you for your inquiry.

      A credit repair can help remove default listings from your credit file. But please keep in mind though that credit repair agencies will investigate a listing but they can’t guarantee the listing will be removed. You can also use this link as a guide on how to remove defaults against your name.

      I hope this helps.


  3. Default Gravatar
    September 22, 2016

    Hey I have a couple of ready credit accounts I was just wondering if I could get some of my available credit from them plz if there are any deals on at the moment thanks

    • Avatarfinder Customer Care
      September 23, 2016

      Hi Anthony,

      Thank you for your inquiry. Please note that you’ve come through to we are an Australian financial comparison website and general information service, not actually Citibank.

      If you wish to get another credit access through your Citi Ready Credit account, please contact Citibank directly, they would also be able to advise if there is any promotion being offered.


  4. Default Gravatar
    September 2, 2016

    If I transfer my current credit card balance to one of your cards, is my original card still retained or do you cancel this card?

    • Avatarfinder Customer Care
      September 2, 2016

      Hi Sandy,

      Thanks for your question.

      When you conduct a balance transfer from your current card to a new credit card, your current card (where the balance came from) will still remain active. The bank will not cancel it unless you will decide to close your account after the balance transfer. Just keep in mind that if you choose to close your account, any outstanding balance on your card should be paid off first.


  5. Default Gravatar
    May 7, 2016

    Is it possible to pay off loan in India with citi ready credit? What would be the interest rates??

    • Avatarfinder Customer Care
      May 10, 2016

      Hi Hasina,

      Thanks for your question.

      Unfortunately, completing a balance transfer with a Citi Ready Credit account is only applicable for Australia to Australia accounts.


  6. Default Gravatar
    April 8, 2016

    If I get a ‘check to self’ can I just put it in another bank account – and if so – what interest rate is charged on this?

    • Avatarfinder Customer Care
      April 18, 2016

      Hi Rasa,

      Thanks for your question.

      If you get a “Cheque to Self” you will have access to funds at Citi Ready Credit’s balance transfer rate. You can then deposit the fund to your bank account or use it to pay non-Citibank credit card balances, holidays, groceries, and others.

      I hope this answers your question.


  7. Default Gravatar
    February 16, 2016

    With the Citibank product, can I use a cash advance to pay off credit card balances in the UK or do I use the balance transfer. If i use the cash advance do I get a different transfer rate.

    Thank you in advance


    • Avatarfinder Customer Care
      February 17, 2016

      Hi Nick,

      Thanks for your question.

      Unfortunately, you will only be able to transfer any non-Citibank products with an outstanding credit card balances within Australia.

      In the event that you wish to use a cash advance, your transaction will be charged a rate of 19.99% p.a.

      I hope this helps.


  8. Default Gravatar
    December 9, 2015

    hi I just want to know the best possible action I can take on saving more with no monthly fees and account fees and all that with low interest, with the current personal I have that’s got about 12 thousand left. I was thinking of transferring to another bank or something , so if you have offers for me that wold be great thanks

    • Avatarfinder Customer Care
      December 9, 2015

      Hi Sherry,

      Thank you for your inquiry.
      Please note that you’ve come through, an online comparison service and is not in the position to recommend specific providers, products and services.

      You can compare the products from this page which allow you to transfer your remaining balances from your personal loan to credit cards. I hope this helps.


  9. Default Gravatar
    December 6, 2015

    Hi, please let me know about ready credit account and how to repay if i wil withdraw that amount.

    • Avatarfinder Customer Care
      December 7, 2015

      Hi Shyamalima, thanks for your inquiry!

      If you withdraw an amount you can repay the account by paying your Citi Ready Credit account. This can be done by funds transfer, cheque, Australia Post, BPAY and Easi-Pay.



  10. Default Gravatar
    July 26, 2015

    I’ve applied for this credit card and meet minimum salary and good credit history requirements. However I’m wondering if my application would be rejected for the reason of possessing another credit card that has high available credit with respect to my salary. The other card has very low debt to pay off at the moment. Would you let me know if my application was refused for the reason that holding another credit card so both card may lead to higher risk to pay off any future debt??

    I wanna get the advantage of interest free for the first year so I can cancel the other card as I barely use it, if you let me know this will lead to accepting my application.


    • Avatarfinder Customer Care
      July 29, 2015

      Hi Peter,

      Thanks for your comment.

      Just to confirm, you have come through to, not CitiBank.

      As such, we’re unable to confirm your application status or confirm why it may have been accepted or rejected.

      If you have applied and haven’t received any feedback as of yet, you may wish to get in touch with CitiBank directly to confirm the status of your application.

      In the mean time, our credit card application guides and page on declined credit card applications may provide you with some insight.

      I hope this has helped.



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