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Citi Ready Credit
Help with loansReady Credit
Please note we are no longer accepting new Ready Credit applications as of 14 July 2025. Any applications submitted before 14 July 2025 will be reviewed and decisioned as per normal. If you have submitted an application, please check to ensure required actions or additional information has been completed or provided. Any applications that are not finalised before 1 August 2025 will be cancelled by us.
Rates and fees
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.
Citi Ready Credit FAQs
Citi Ready Credit FAQs
What is a line of credit?
A line of credit is a credit facility with a predetermined limit which you can draw down upon as required. A line of credit can be helpful for cash flow management, as it allows access to funds as and when required, without needing to reapply. Citi Ready Credit does not incur annual fees, repayments are made monthly based on the amount of credit you’ve used. Citi Ready Credit comes with a one-off establishment fee of $199.3
What might a line of credit be suitable for?
Citi Ready Credit is very flexible and can be used for a range of purposes to suit your lifestyle, for example:
- Buying a Car
- Home renovations
- A milestone celebration
- Unexpected expenses such as a vet bill or school fees
- Or general cash flow management to allow you to budget better as expenses may go up and down each month.
Citi Ready Credit is not suitable for debt consolidation, investment purposes or living expenses.
What is a balance transfer and how could it help me to save on interest?
- A balance transfer is when you move an outstanding amount you owe, called a balance, from a credit card or a personal loan over to another account
- The new account you move the balance over to should have no or a low interest rate for an introductory period
- If you pay off the balance in full before the introductory period expires then this can result in you paying less in interest and save you money
- Citi Ready Credit is an alternative to a balance transfer offer on a personal loan or credit card. Currently, Citi Ready Credit has an introductory rate of 8.9% p.a. for 5 years on the initial balance that you request to be transferred within 3 months of approval.1
How do I make my repayments?
Once you’re a customer, part of keeping your account in good standing is ensuring your repayments are made on time, each month. Your Minimum Payment Due Date can be found on your statement, along with any overdue and overlimit amounts. You can make your repayments in a number of different ways as follows:
- Easi-Pay
- Australia Post
- BPAY
Learn more about how to make these repayments here.
How can I make a balance transfer work for me?
1. Make sure you know how long the low or no interest rate period is and ensure you pay off the balance in time – Citi Ready Credit has a 5 year balance transfer period
2. Make sure the credit limit you’re approved for on your new balance transfer is high enough to cover your existing balance being transferred over
3. Plan out your monthly repayments to ensure you can afford to pay off the balance on time
4. It’s a good idea to limit your ongoing purchases and cash advances on your old credit cards, and Citi Ready Credit, to what you can afford to repay. If your balance transfer was to pay off old credit card debt you should cancel or reduce the credit limit of that card.Am I ok to apply if I’m already a customer?
If you already have another Citi branded unsecured credit product you must hold this account in good standing (for example, your account is not in default or suspended) for 6 months before applying for another lending product such as a Citi Ready Credit.
What documents do I need for a loan application?
Here's a quick checklist of the documents you'll need to apply:
- Address proof
- Income proof
- Proof of employment
Top tip: upload these documents with your application for a faster review.What if I don’t have standard forms of identification?
If you don’t hold standard forms of identification such as a driver’s licence, Australian passport or Medicare card, please call us on 13 24 84, or +61 2 8225 0615 if you’re calling from outside of Australia, to discuss your application with us.
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.
You should consider if this line of credit is suitable for you before applying.
This line of credit, and the following benefits, are provided by National Australia Bank Limited (NAB) subject to their terms and conditions, see here for more details. A credit check is performed each time you apply for Ready Credit. Credit reporting bodies make a record of these enquiries and this information may be used and disclosed for the purposes of assessing your credit worthiness, including your credit score and credit rating. For example, making multiple credit applications over a short period of time could have a negative effect on your credit score, as this may reduce your chances of approval.
- Introductory rate:
Offer commenced 6 February 2025. Please ensure that all supporting documentation for your application is submitted to us before 1 August 2025. If we don’t receive all documentation before 1 August 2025, your application will be cancelled. 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. The 5-year promotional period will commence once the initial balance transfer is processed. This promotion will be treated as a balance transfer in accordance with the Unsecured Credit Terms and Conditions and Other Important Information. 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 22.49% 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 22.49% 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. NAB reserves the right to vary or end this offer at any time. - 70,000 Velocity Frequent Flyer Points:
Offer eligibility: Please ensure that all supporting documentation for your application is submitted to us before 1 August 2025. If we don’t receive all documentation before 1 August 2025, your application will be cancelled. To be eligible to earn 70,000 Velocity Frequent Flyer Points, you must apply for this offer, request a balance transfer of $5,000 or more within 3 months from approval, and provide a Velocity 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 maintain a debit balance until the Velocity Frequent Flyer Points are credited. If you do not provide your Velocity Frequent Flyer membership number within 2 months from when NAB first request it, the Velocity Frequent Flyer Points will be forfeited.
Offer exclusions: This offer is available only once per customer. If you have previously received, or are entitled to earn, 70,000 Velocity Frequent Flyer Points with this offer, you will not be eligible to earn another 70,000 Velocity Frequent Flyer Points with this offer.
Requesting your Velocity Frequent Flyer number: NAB will send you an email to the address maintained on your Citi Ready Credit account requesting your Velocity Frequent Flyer membership number from you within 2 months from the date the initial transfer of $5,000 or more was processed.
Receiving your Velocity Frequent Flyer Points: The Velocity Frequent Flyer Points will be credited to your Velocity Frequent Flyer account within 2 months of NAB receiving your Velocity Frequent Flyer number.
About Velocity Frequent Flyer: Membership of Velocity Frequent Flyer is your responsibility. Velocity membership and Points earn and redemption are subject to the Velocity member Terms and Conditions, as amended from time to time, are available at velocityfrequentflyer.com.
Offer commenced: Offer commenced 6 February 2025. NAB reserves the right to vary or end this offer at any time. - Establishment fee:
An Establishment Fee of $199 will be debited to your Citi 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. NAB reserves the right to vary or end this offer at any time.
* Velocity Frequent Flyer - Reward Seat Terms & Conditions
The quoted redemption fares are correct as at 31 January 2025 and are subject to change. Fares are subject to availability. Melbourne to Singapore Points value is based on an international return Economy Reward Seat fare with Singapore Airlines and must be booked on the Virgin Australia website and selecting “Use Points”. Sydney to Fiji Points value is based on an international return Economy Reward Seat fare with Virgin Australia and must be booked on the Virgin Australia website and selecting “Use Points”. Brisbane to Los Angeles Points value is based on an international one-way Economy Reward Seat fare with United Airlines and must be booked on the Virgin Australia website and selecting “Use Points”. Taxes, fees and carrier charges are payable in addition to Velocity Points redeemed. Carrier charges apply for Reward Seat bookings on flights operated by Singapore Airlines, Virgin Australia, and United Airlines. Price may vary until ticketed. Reward Seats and associated charges are not eligible for Points earn. Seats are limited and may not be available at peak times or on all flights. Payment surcharge may apply. You can change or get a refund for your booking by paying a fee and any fare difference, at least 24 hours before scheduled departure. You may also request a refund for other reasons, including under the Australian Consumer Law. View the Velocity Reward Seat fare rules for more information. Some flights may be operated by a partner airline. Different baggage allowances and conditions may apply to these flights. Full terms and conditions at velocityfrequentflyer.com