Citi Ready Credit - Line of Credit

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

or Call to apply

Here are some more reasons to choose Citi Ready Credit

Citi Ready Credit is a line of credit that you can dip into whenever you need, without reapplying. Enjoy an introductory rate of 8.9% p.a. for 5 years on the initial balance you request to be transferred to your bank account.¹

You’ll also collect 100,000 Flybuys bonus points when you apply and request a balance transfer of $5,000 or more within 3 months from approval.² That’s worth $500 Flybuys dollars you can use towards your weekly groceries, to spruce up the home or more at participating Flybuys retail partners.⁴

Apply online in as little as 10 minutes, and spend on a big purchase like a second-hand car, a family holiday or a home makeover. You can also use it to pay off an existing balance somewhere else. Whatever your needs may be, Citi Ready Credit ensures you have the funds you need, when you need.

A standard variable rate of 20.49% p.a. (20.99% p.a. effective 3 June 2024) applies to any unpaid balance transferred after 5 years and any purchases or cash advances during or after the promotional period.

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

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

Choose your repayments each month above the minimum payment due

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

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

A one-off establishment fee of $199³

What can I use Citi Ready Credit for?

Upgrade your car

Transform your home

Your ticket to travel

Make the unpredictable more manageable

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

$104/month^*

*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. over 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 20.49% p.a. (20.99% p.a. effective 3 June 2024) applies to any unpaid balance transferred after 5 years and any purchases or cash advances during or after the promotional period.

Here's what you'll
need to apply for Citi Ready Credit

Around 10 minutes to complete the application

Be 18 years or older and a permanent Australian resident

Upload your documents (e.g. drivers licence, Medicare card and proof of income) with your application for a faster review

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)

20.49% p.a. (20.99% p.a. effective 3 June 2024)

Establishment fee

$199³

Monthly service fee

Cash advance fee

Early pay out fee

Additional repayments fee

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.

Not quite what you're looking for?

Consider Citi Personal Loan Plus with a variable rate of 10.90% p.a. and fixed monthly repayments for 3, 4 or 5 years. (Comparison rate 11.19% p.a.) Comparison rate warning. Fees, charges and T&Cs apply.

Learn more >

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 suitable expenses, as it allows access to funds as and when required, without needing to reapply. Citi Ready Credit does not incur annual or monthly 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, car repairs or necessary home maintenance

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 currently offers 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, suspended or closed) 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.
When will I get my Flybuys bonus points?

We will request your Flybuys membership number from you via email within 2 months from the date your balance transfer is debited to your account. The Flybuys points will be credited to your Flybuys account within 2 months from the date we receive your Flybuys membership number. Your Citi Ready Credit account must remain open, in good standing (for example – your account is not in default, suspended or closed) and must maintain a debit balance until the Flybuys Points are credited.

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 and charges apply. Terms and conditions apply and are available upon request. Credit criteria apply. Introductory offer is for new Ready Credit applications only.

Introductory rate: 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 20.49% p.a. (20.99% p.a. effective 3 June 2024). 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 20.49% p.a. (20.99% p.a. effective 3 June 2024). 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. Offer ends 30 October 2024. Post this advertised date, NAB reserve the right to continue, withdraw or change the offer at any time without notice.
100,000 Flybuys Points:
Offer eligibility: To be eligible to earn 100,000 Flybuys Points, you must be a Flybuys member, apply for this offer by 30 October 2024, request a balance transfer of $5,000 or more within 3 months from approval, and provide a Flybuys membership number linked to an account in your name to NAB within 2 months of NAB’s request for it. Your NAB account must be open, in good standing (for example, your account is not in default, suspended or closed) and must maintain a debit balance until the time the Flybuys points are credited. If you do not provide your Flybuys membership number within 2 months from when NAB first request it, the Flybuys 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, 100,000 Flybuys Points with this offer, you will not be eligible to earn another 100,000 Flybuys Points with this offer.

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

Receiving your Flybuys points: The Flybuys Points will be credited to your Flybuys account within 2 months of NAB receiving your Flybuys number.

About Flybuys: Membership of Flybuys is your responsibility. Flybuys points are administered by Loyalty Pacific Pty Ltd and subject to the Flybuys member Terms and Conditions, available at flybuys.com.au. Loyalty Pacific Pty Ltd (ABN 82 057 931 334) (trading as Flybuys) receives payment from NAB for the Flybuys points that its members earn in connection with this offer.

Offer expiry: This offer is valid until 30 October 2024. Post this advertised date, NAB reserve the right to continue, withdraw or change the offer at any time without notice.
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.
Flybuys dollars Redemption: Flybuys dollars can only be redeemed in increments of $10. Flybuys dollars may be used in-store at Coles Supermarkets, Liquorland, First Choice Liquor, First Choice Liquor Market, Coles Express, Kmart, Target and mycar only. Flybuys points can be converted to Flybuys dollars in multiples of 2,000 points only. 2,000 points equates to $10 Flybuys dollars. Flybuys dollars cannot be used for online purchases. Flybuys points and Flybuys dollars have no cash or monetary value. Click here for the Flybuys dollars Terms and Conditions.

Apply for this Citi Ready Credit flybuys offer today!

Score 100,000 Flybuys bonus points with Citi Ready Credit2

Here are some more reasons to choose Citi Ready Credit

What can I use Citi Ready Credit for?

Upgrade your car

Transform your home

Your ticket to travel

Make the unpredictable more manageable

Follow these 3 steps to activate your introductory offer1

Once the money's in your bank account, whenever you find that dream car or that big family holiday, you're ready to go for it.

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.

Here's what you'll need to apply for Citi Ready Credit

Rates and fees

Not quite what you're looking for?

Citi Ready Credit FAQs

Citi Ready Credit FAQs

Calculators & tools

Borrowing power calculator

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Important information

Score 100,000 Flybuys bonus points with Citi Ready Credit²

Follow these 3 steps to activate your introductory offer¹

Here's what you'll
need to apply for Citi Ready Credit