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Citi Ready Credit

8.9% p.a. for 5 years
on the initial balance that you request to be transferred within 3 months of approval.1

Apply now

50000 Qantas points

Get ready. Get set. Fly! Take off with 50,000 Qantas Points with Citi Ready Credit.2

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Enjoy a rate of 8.9% p.a. for 5 years on the initial balance you  request to be transferred to your bank account1

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Choose your repayments each month above the minimum payment due

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Apply online in just 10 minutes and tap into a line of credit whenever you need

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Request a balance transfer of up to 100% of your credit limit, at the introductory rate, to an Australian bank account in your name

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Only pay interest on the amount you have used, not on your whole credit limit

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Only a one-time establishment fee of $199 applies3

Citi Ready Credit is a line of credit that can help your travel dreams come true. Go ahead and spend on any big purchases or use it to pay off an existing balance elsewhere. Enjoy a rate of 8.9% p.a. for 5 years on the initial balance you request to be transferred to your bank account.1

Earn 50,000 Qantas Points when you request a balance to be transferred of $5,000 or more within 3 months of approval.2

A standard variable rate of 20.99% p.a. applies to any unpaid balance transferred after 5 years and any purchases or cash advances during or after the promotional period.

Where could 50,000 Qantas Points take you?

Bali

Sydney to Bali

Fly Sydney to Bali Economy return for one person for 40,600 Qantas Points plus AUD $235 taxes, fees and carrier charges.4

Perth

Melbourne to Perth

Fly Melbourne to Perth Economy return for one person for 36,000 Qantas Points plus AUD $88 taxes, fees and carrier charges.4

Fiji

Sydney to Fiji

Fly Sydney to Fiji Economy return for one person for 36,000 Qantas Points plus AUD $253 taxes, fees and carrier charges.4

Check out what you could do with our personal lending products

Car Loan

Upgrade your car

Simplify your next car purchase with Citi Ready Credit. Pay interest on only what you use not your entire credit limit, giving you the negotiating power like never before.

Personal Loan Alternative for Home Renovations

Transform your home

Make your dream home a reality without stress. Citi Ready Credit offers flexible repayments, so you can manage your renovation with smoothly without touching your existing assets like your home loan.

Travel loan

Your ticket to travel

Finance your entire holiday hassle-free from flights, to accommodation and more. Pack your bags and let Citi Ready Credit redefine your travel financing experience.

Personal Loan Alternative for Unexpected Expenses

Make the unpredictable more manageable

Manage life's surprises effortlessly with Citi Ready Credit. Flexible repayments allow you to adapt and plan for life's unexpected situations like car repairs, medical bills or home emergencies.

Activate your introductory offer in just 3 steps1

Step 1
Apply for Citi Ready Credit

Step 2
Get approved and activate your Lending Mastercard® to set up your account

Step 3
Call 1300 883 930 within 3 months of approval to request for the money to be transferred at the introductory rate to your bank account

How to earn your 50,000 Qantas Points2

You can be eligible for 50,000 Qantas Points with Citi Ready Credit by following these 3 steps: 

  1. Apply for a new Citi Ready Credit account and request $5,000 or more to be transferred to your bank account within 3 months from approval.
     
  2. Then, make sure you maintain a balance on your account and make repayments on time. This will be checked before we transfer your Qantas Points.
     
  3. Provide us your Qantas Frequent Flyer number. We’ll email you within 2 months of when the balance you request to be transferred was processed, and may also send you an SMS reminder. To earn the 50,000 Qantas Points you’ll need to follow the instructions in the email, including providing your Qantas Frequent Flyer number within 2 months.

You must be a Qantas Frequent Flyer member to receive the Qantas Points. If you’re not already a member, you can sign up here. You should also ensure that the details you provide us match those of your Qantas Frequent Flyer account, if they do not match we won’t be able to credit you with the 50,000 Qantas Points. If you need to, you can read about how to update your Qantas Frequent Flyer details here

Frequently asked questions

Repayment calculator

To give you an idea of your estimated monthly repayments on the initial amount transferred to your account, enter the amount you'd like to borrow.

8.9% p.a.

for 5 years on the initial balance you request to be transferred to your bank account1

I want to borrow

$5,000
5000
$5,000
$75,000

Your estimated repayments will be

*Your monthly repayments are flexible. This is the monthly repayment you would need to repay the initial balance transferred in full at a rate of 8.9% p.a. for 5 years. It does not take into account the establishment fee, ongoing purchases and cash advances.
The minimum payment due on your statement will not be the same as the monthly repayment shown here. You can pay more than the minimum payment due with no additional repayment fee.
A standard variable rate of 20.99% p.a. applies to any unpaid balance transferred after 5 years and any purchases or cash advances during or after the promotional period.

Rates and fees

 

Introductory rate
8.9% p.a. for 5 years on the initial balance that you request to be transferred within 3 months of approval1

Annual Percentage Rate (APR)
20.99% p.a. 

Establishment fee
$1993

Monthly service fee
$0

Cash advance fee
$0

Early pay out fee
$0

Additional repayments fee
$0

Minimum loan amount
$5,000

Maximum loan amount
$75,000

There may be circumstances in which you have to pay other fees. A full list of current fees applicable to Citi Ready Credit can be viewed at our Personal Lending Rates, Fees & Charges page.

Important information

National Australia Bank Limited (ABN 12 004 044 937, AFSL and Australian Credit Licence 230686) (“NAB”) is the credit provider and issuer of Citi branded credit products. NAB has acquired the business relating to these products from Citigroup Pty Limited (ABN 88 004 325 080, AFSL and Australian Credit Licence 238098) (“Citi”) and has appointed Citi to provide transitional services.

Our/us/we means NAB unless the context otherwise requires it.

“Citi”, “Citibank”, “Citigroup”, the Arc design and all similar trade marks and derivations thereof are used temporarily under licence by NAB from Citigroup Inc. and related group entities.

Refer to the full Terms and Conditions related to this product here. To obtain a copy of the Target Market Determination (TMD) related to this product click here.

Fees, charges and credit criteria apply. Introductory offer is for new Ready Credit applications only.

1. Introductory rate: Offer commenced 1 May 2024. The introductory interest rate of 8.9% p.a. will apply to balance transfers you request with this offer within 3 months from account approval. The introductory rate of 8.9% p.a. will apply for a promotional period of 5 years. This promotion will be treated as a balance transfer in accordance with the Unsecured Credit Terms and Conditions and Other Important Information. The 5-year promotional period will commence once the initial balance transfer is processed. Any balance transfer requests submitted with your application will be processed when you activate your account If you do not submit a balance transfer request with your application, you will need to call us to submit a balance transfer request within 3 months 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 Annual Percentage Rate (APR), currently 20.99% p.a. During the introductory period, repayments are allocated to balance transfers before retail purchases and cash advances, which attract interest at the standard variable APR of 20.99% p.a. At the end of the promotional period, the APR on any outstanding balance transferred with this offer will revert to the standard variable APR. This offer excludes balances transferred from other Citi branded unsecured credit products. Post this advertised date, NAB reserve the right to continue, withdraw or change the offer at any time without notice.

2. 50,000 Qantas Frequent Flyer Points

Offer eligibility: To be eligible to receive 50,000 Qantas Points, you must: apply for this offer before it is withdrawn, request a balance transfer of $5,000 or more within 3 months of approval, and provide your Qantas Frequent Flyer membership number linked to an account in your name to NAB within 2 months of our request for it. Your account must be open, in good standing (for example, your account is not in default or suspended) and must maintain a debit balance until the Qantas Points are credited. If you do not provide your Qantas Frequent Flyer number within 2 months from when NAB first request it, the Qantas Points will be forfeited.

Offer exclusions: This offer is available only once per customer. This offer is not applicable or valid in conjunction with any other advertised or promotional offer. If you have previously received, or are entitled to earn, 50,000 Qantas Points with this offer, you will not be eligible to earn another 50,000 Qantas Points with this offer.

Requesting your Qantas Frequent Flyer number: NAB will send you an email to the email address maintained on your Citi Ready Credit account requesting your Qantas Frequent Flyer membership number from you, within 2 months from the date your initial transfer of $5,000 or more was processed. NAB may also send you an SMS.

Receiving your Qantas Points: The Qantas Points will be credited to your Qantas Frequent Flyer account within 2 months of NAB receiving your Qantas Frequent Flyer number.

About Qantas Frequent Flyer: You must be a Qantas Frequent Flyer to earn and redeem Qantas Points. A joining fee can apply, however, new customers who join here will have the joining fee waived by Qantas. Please ensure you provide your valid Qantas Frequent Flyer membership number. The Qantas Frequent Flyer membership must be in your own name. In the instance that the Qantas Frequent Flyer membership number and last name attached to your Citi Ready Credit account does not match the details in your Qantas Frequent Flyer account, you may not be eligible to receive Qantas Points. Membership of Qantas Frequent Flyer is your responsibility. Membership and redemption of Qantas Points are subject to the Qantas Frequent Flyer program Terms and Conditions, available at qantas.com/terms.

This offer commenced 1 May 2024. NAB may vary or end this offer at any time.

3. Establishment Fee
An Establishment Fee of $199 will be debited to your Ready Credit account on the date NAB issue the first statement of account after you activate your account. The Establishment Fee is billed in addition to the amount borrowed. Other service fees and charges including late payment fee and dishonour fee may apply. Post this advertised date, NAB reserve the right to continue, withdraw or change the offer at any time without notice.

4. Classic Flight Rewards are available on Qantas, Jetstar and partner airlines. Classic Flight Reward seats are subject to capacity controls, availability is limited and some flights may not have any Classic Flight Rewards available. The Qantas Points, taxes, fees and carrier charges stated are accurate as at 1 May 2024 but may vary at the time of booking. Status Credits and Qantas Points will not be earned on Classic Flight Rewards. Visit Classic Flight Rewards for more information.

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