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Citi Ready Credit
Help with loansPlease note that Ready Credit accounts are changing. For more information click here.
Tap into smarter spending with your Ready Credit account
Book your next big holiday. Pick up a second hand car. Get a home makeover. If you have a big purchase in mind, the reusable line of credit on your
Ready Credit account can help make it happen.
How you can make the most of your Ready Credit account
What is a line of credit?
A credit facility that allows you access to funds within your available credit limit, as needed. A line of credit can be helpful for large purchases and expenses or an unexpected event, as it means you can access your available funds sooner without needing to reapply.
Benefits of your line of credit
Having an accessible line of credit means that once you have an available balance you can draw down on your account as you need, without needing to reapply for credit.
How to pay with your Ready Credit account
Here are 3 ways to tap into your Ready Credit account for simpler payments:
ADD
your Citi Lending Debit Mastercard® to your mobile
wallet and shop online or instore
BUY
and make purchases with your Ready Credit account
instore or online
PAY
and transfer cash via Electronic Funds
Transfer(EFT), 'Pay anyone' or BPAY
Please note from 25 August 2025, the debit card linked to your Ready Credit account will be changing to a credit card. For more information click here.
We’re here to support you with your financial needs. Should they change, you can easily manage your credit limit on your Ready Credit account by requesting a decrease by contacting us via citibank.com.au/contactus. If you would like an increase to your credit limit, you must wait 6 months from account activation and start using your account before you can apply for a credit limit increase. Your application will be subject to meeting the eligibility criteria.
Instalment plans on your Ready Credit account
What’s an instalment plan?
Instalment plans are a flexible repayment option that lets you pay off a portion of your balance at a lower rate than your standard variable Annual Percentage Rate(APR) applicable to your account.
With an instalment plan, you can request cash, convert purchases/cash advances or a portion of your statement balance, within your available credit into regular monthly repayments. Instalment plans are set up with a fixed rate and paid down over a set term.
What are the different types of instalment plans?
You can request cash as an instalment plan or convert your purchases and cash advances into an instalment plan.
Here are 3 instalment plans you can pick from:
Citi Quick Cash
Request cash from $500 up to 90% of your available credit, and convert it into an instalment plan.
Discounted rates to the standard Annual Percentage Rate(APR) starting from a reduction of 0.5% p.a.
Citi PayLite
Convert purchases and cash advances of $300 or into an instalment plan, before they appear on your statement.
Discounted rates to the standard Annual Percentage Rate(APR) starting from a reduction of 0.5% p.a. (Ready Credit accounts previously known as Citi Personal Loan Plus do not receive a discount).
Citi FlexiBill
Convert purchases and cash advances included in the closing balance on your last statement into an instalment plan. A minimum conversion of $500 applies.
Discounted rates to the standard Annual Percentage Rate(APR) starting from a reduction of 0.5% p.a. (Ready Credit accounts previously known as Citi Personal Loan Plus do not receive a discount).
How can I take up an instalment plan?
Instalment plan offers are subject to eligibility. To find out if there is an instalment plan offer available to you please follow the below steps.
STEP 2:
Select the Citi instalment plan offer on your dashboard.
STEP 3:
Complete and submit the request form.
STEP 2:
Click the Lending offers and select your preferred
Citi instalment plan offer.
STEP 3:
Complete and submit your request.
Balance Transfers on your Ready Credit account
Balance Transfers provide you with convenient access to funds.
Transfer balances from your non Citi branded credit cards or a personal loan to your Ready Credit account at a promotional rate.
$500 minimum Balance Transfer.
Request a transfer of funds from your Ready Credit account to a bank account in your name via Electronic Funds Transfer(EFT). The funds will be available within 3 business days from when the balance transfer is processed.
$500 minimum Balance Transfer.
To see if you’re eligible for a Balance Transfer offer on your existing Ready Credit account, please visit My Offers by signing on to Citi Online, clicking on ‘Offers’ and then select ‘Lending’. Alternatively, you can call us on 13 24 84, to see if you are eligible. To find out more about Balance Transfers, please click Learn more.
To see if you’re eligible for a Balance Transfer offer on your existing Ready Credit account, please visit My Offers by signing on to Citi Online, clicking on ‘Offers’ and then select ‘Lending’. Alternatively, you can call us on 13 24 84, to see if you are eligible. To find out more about Balance Transfers, please click Learn more.
For more information on how to manage your account, please click Learn more below.