An alternative to personal loans, credit cards and overdrafts

Choose your own repayments each month, over the minimum monthly repayment

Only pay interest on the amount you’ve borrowed, not on your entire credit limit

Exclusive offer for existing Citi credit card customers
6.9% p.a.
for 3 years
on initial balances transferred2


Citi Ready Credit is a flexible alternative to a personal loan. It’s a line of credit that you can access at any time, up to your credit limit, without reapplying. You won’t pay any monthly or annual fees. Only a $199 establishment fee applies.3 Plus, transfer a balance of $500 or more within 90 days from approval and get a $100 e-Voucher to spend at Woolworths, JB Hi-Fi or Myer.1

The best part – you only pay interest for the balance that you actually use. Once you repay the amount owing, you won’t pay any interest until you access your funds again. It’s money when you need it, and you won’t pay interest when you don’t.

Enjoy an introductory rate of 6.9% p.a. on initial balances transferred for the first 3 years. A standard variable rate of 20.49% p.a. applies to balances after 3 years, ongoing purchases and cash advances.2

Rates and fees

Introductory rate
6.9% p.a. for 3 years on the initial balance transferred2

Standard Variable Rate (APR)
20.49% p.a. or pay off eligible purchases at a fixed interest rate over a set term with a Citi Instalment Plan4

Establishment fee

Monthly service fee

Cash advance fee

Early pay out fee

Additional repayments fee

Minimum credit limit

Maximum credit limit

There may be circumstances in which you have to pay other fees. A full list of current fees applicable to this credit card can be viewed at the Citi Lending fees and charges page.

Features and benefits

Whether you're financing your next holiday, making some upgrades around the house or paying school fees, Citi Ready Credit is there when you need it and you won’t pay interest when you don’t.

  • An ongoing convenient line of credit, which lets you access money whenever you like (up to your credit limit) at the standard variable rate, without needing to reapply.

  • Only pay interest on the amount you’ve borrowed, not on your entire credit limit.

  • You’ll have the flexibility to make extra repayments without a fee and you won’t be penalised if you pay out your loan early.

  • Choose your own repayments each month, over the minimum monthly repayment.

  • With a Citi Instalment Plan you can convert your eligible statement balance or purchases into fixed monthly repayments, over a set term.4 Subject to eligibility, Instalment loan(s) can be setup easily online or through the Citi Mobile® App.

  • Complimentary Purchase Cover Insurance - Receive 90 days complimentary insurance up to specified amounts against loss, theft or accidental damage on covered products purchased anywhere in the world using your Citi Ready Credit MasterCard Debit Card if you make a claim within 21 days.5

  • Complimentary Extended Warranty Insurance - Receive Extended Warranty Insurance for eligible purchases up to a maximum of 12 months from the manufacturer's warranty (for the same period as the original written warranty), for the cost of repairing or replacing the purchase made on your Citi Ready Credit MasterCard Debit Card in the event that the product breaks.5

  • Complimentary Guaranteed Pricing Scheme - Purchase a product using your Citi Ready Credit MasterCard Debit Card, and get the best price if, within 60 days of the purchase, it’s available for a lower price from a store within a 25 kilometre radius from where the covered product was purchased. If the price difference is greater than AU$75, we will refund the price difference up to $500. (Internet purchases are excluded).5

Frequently asked questions

Here's what you'll need to apply

Apply now

Around 10 minutes to complete the application

Earn more than $40,000 a year

Be 18 years or older and a permanent Australian resident

Be an existing primary or additional Citi credit card holder.

Prefer a personal loan?

With Citi Personal Loan Plus you'll  get a personalised rate for your choice of 3, 4 or 5 years.

Plus the convenience of accessing your available funds whenever you need.

Things you should know

Refer to the full Terms and Conditions related to this product here.

Actual credit limit will be assigned based on our credit criteria, subject to confirmation that you earn a minimum of $40,000 per year and your credit rating.

Fees, charges and terms and conditions apply. Credit criteria apply. New applications only. Cannot be used in conjunction with any other offers.

  1. To be eligible to receive a $100 e-voucher, you must apply for a Citi Ready Credit account before 31 August 2020, request a balance transfer of $500 or more within 90 days from approval and be the primary or secondary cardholder of a Citi credit card. Your e-voucher will be available within 8 weeks from the date your balance transfer is processed, providing your Ready Credit account is open and in good standing. We will send you a unique code and instructions on how to redeem your e-voucher via email. You must redeem your e-voucher within 6 months from the date we send you this email. Vouchers are non-reloadable and non-redeemable for cash. This offer is valid until 31 August 2020. Post this advertised date; Citi reserves the right to continue, withdraw or change the offer at any time without notice.

  2. The introductory interest rate of 6.9% p.a. applies to the initial balance transferred with this offer within 90 days from account approval for a promotional period of 3 years. The 3 year promotional period commences once the initial balance transfer is processed. If you request a balance transfer with your application, this will be processed when you activate your account. If you do not request a balance transfer with your application, you will need to call us within 90 days from account approval to request one, otherwise the introductory rate will not apply to your balance transfer and you will be charged the standard variable APR, currently 20.49%. Excludes balances transferred from another Citi unsecured credit product. Balance transfers are repaid before Cash Advances, Retail Purchases and the Establishment Fee, which attracts interest at the standard variable APR. At the end of the promotional period, the interest rate on any outstanding balance transfer will revert to the standard variable APR. Offer ends 31 August 2020. Post this advertised date, Citi reserves the right to continue, withdraw or change the offer at any time without notice.

  3. An establishment fee of $199 will be debited to your Citi Account on the date we issue you a statement of Account for the Statement Period in which you first use or activate your Account. The establishment fee is billed in addition to the amount borrowed.

  4. Citi Instalment Plans are defined in the Unsecured Credit Terms and Conditions as a Fixed Payment Option. Fixed Payment Option offers are subject to eligibility and only available if your account is and remains in good standing. Your Fixed Payment Option uses part of your existing credit limit. As you pay off your Fixed Payment Option, the amount you pay off will become available for you to use again as part of your credit limit at the standard Annual Percentage Rate applicable to your account. For the full terms and conditions of your Fixed Payment Option, please refer to the Unsecured Credit Terms and Conditions and Other Important Information.

  5. Complimentary insurance covers are subject to eligibility requirements : Terms, conditions, limits and exclusions apply. Refer to the Complimentary Insurance Description of Insurance Cover for further information. AWP Australia Pty Ltd ABN 52 097 227 177 AFSL 245631 (trading as Allianz Global Assistance) under a binder from the insurer, Allianz Australia Insurance Limited ABN 15 000 122 850 AFSL 234708 has issued an insurance group policy to Citigroup Pty Limited ABN 88 004 325 080 AFSL and Australian credit licence 238098 (Citi) which allows eligible Citi account holders and cardholders to claim under it as third party beneficiaries. Any advice on insurance is general advice only and not based on any consideration of your objectives, financial situation or needs. The terms, conditions, limits and exclusions of the group policy are set out in the Description of Insurance Cover Terms and Conditions which may be amended from time to time. Citi does not guarantee this insurance.

© 2020 Citigroup Pty Limited. All rights reserved. ABN 88 004 325 080, AFSL No. 238098, Australian credit licence 238098. Citi, Citi and Arc Design and other marks used herein are service marks of Citigroup Inc. or its affiliates, used and registered throughout the world.


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