Citi Ready Credit

Citi Ready Credit

A flexible alternative to a personal loan
with an offer tailored to you.

or Call to apply

What is Citi Ready Credit?

A line of credit that allows you to access funds when you need them and a flexible alternative to a personal loan. Borrow from $5,000 - $75,000.

Why choose Citi Ready Credit?

Quick access to funds: Access funds quickly. Once approved, you have ongoing access to your credit line without needing to reapply.

Flexibility: Freedom to choose your repayments each month (if they are above the minimum payment due).

Pay only for what you use: You'll only be charged interest on the amount you borrow.

A standard variable rate of 22.49% p.a. applies to any unpaid balance transferred after the promotional period and on any purchases or cash advances during or after the promotional period.

Which Citi Ready Credit promotional offer works for you?

Citi Ready Credit

6.9 % p.a. for 3 years

on the initial balance that you request to be transferred within 3 months of approval.¹

Establishment fee: $249²

Apply now

Please note that Ready Credit accounts are changing and will no longer be accepting applications from 14 July 2025. For more information click here.

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.³

Plus, collect 100,000 Flybuys bonus points
when you apply and request a balance to be transferred of $5,000 or more within 3 months from approval.⁴

Establishment fee: $199⁷

Apply for Flybuys Points offer

Please note that Ready Credit accounts are changing and will no longer be accepting applications from 14 July 2025. For more information click here.

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.³

Plus, receive 70,000 bonus Velocity Frequent Flyer Points
when you apply and request a balance to be transferred of $5,000 or more within 3 months from approval.⁵

Establishment fee: $199⁷

Apply for Velocity Points offer

Please note that Ready Credit accounts are changing and will no longer be accepting applications from 14 July 2025. For more information click here.

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.³

Plus, earn 50,000 Qantas Points

when you apply and request a balance to be transferred of $5,000 or more within 3 months of approval.⁶

Establishment fee: $199⁷

Apply for Qantas Points offer

Please note that Ready Credit accounts are changing and will no longer be accepting applications from 14 July 2025. For more information click here.

What can I use Citi Ready Credit for?

Upgrade your car

Personal Loan Alternative for Home Renovations

Transform your home

Your ticket to travel

Personal Loan Alternative for Unexpected Expenses

Make the unpredictable more manageable

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. driver licence, Medicare card and proof of income) with your application for a faster review

I want to borrow

$5,000

5000

$5,000

$75,000

6.9% p.a.

for 3 years on the initial balance transferred to your bank account.¹

Your estimated repayments will be

$155/month⁺

8.9% p.a.

for 5 years on the initial balance you request to be transferred to your bank account.³

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 6.9% p.a. over 3 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 22.49% p.a. applies to any unpaid balance transferred after 3 years and any purchases or cash advances during or after the promotional period.

# 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 22.49% p.a. applies to any unpaid balance transferred after 5 years and any purchases or cash advances during or after the promotional period.

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

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.
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.
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.

Rates and fees

Introductory rate	6.9% p.a. for 3 years on the initial balance transferred¹	8.9% p.a. for 5 years on the initial balance transferred³
Annual Percentage Rate (APR)	22.49% p.a.	22.49% p.a.
Establishment fee	$249²	$199⁷
Cash advance fee	$0	$0
Early pay out fee	$0	$0
Additional repayments fee	$0	$0
Minimum loan amount	$5,000	$5,000
Maximum loan amount	$75,000	$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.

Qantas FAQs

Will I still receive the Qantas Points if I repay the initial balance I request to be transferred?
What happens if I don’t provide my Qantas Frequent Flyer number?

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. Repayments are made monthly based on the amount of credit you’ve used. Citi Ready Credit comes with a one-off establishment fee.

For 6.9% p.a. for 3 years offer: $249.establishment fee²

For 8.9% p.a. for 5 years offer: $199.establishment fee⁷
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

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:
6.9% p.a. for 3 years on the initial balance that you request to be transferred within 3 months of approval¹
OR
8.9% p.a. for 5 years on the initial balance that you request to be transferred within 3 months of approval³
How do I make my repayments?
Once you’re a customer, part of keeping your account in good standing (for example – your account is not in default, suspended or closed) 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 3-year or 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?
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?

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 November 2024. 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 6.9% p.a. will apply to balance transfers you request with this offer within 3 months from account approval. The introductory rate of 6.9% p.a. will apply for a promotional period of 3 years. The 3-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. We may vary or end this offer at any time.

2. Establishment fee: An Establishment fee of $249 will be debited to your Citi Ready Credit account on the date we issue the first statement of account after you activate your account. The Establishment fee is billed in addition to the amount borrowed. We may vary or end this offer at any time.

3. 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.

4. 100,000 Flybuys 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 100,000 Flybuys Points, you must be a Flybuys member, apply for this offer by 14 July 2025, 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 14 July 2025. Post this advertised date, NAB reserve the right to continue, withdraw or change the offer at any time without notice.

5. 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.

6. 50,000 Qantas 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 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.

7. 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.

Apply online now in just 10 minutes

Please note that Ready Credit accounts are changing and will no longer be accepting applications from 14 July 2025. For more information click here.

Apply online now in just 10 minutes

Please note that Ready Credit accounts are changing and will no longer be accepting applications from 14 July 2025. For more information click here.

Citi Ready Credit

Citi Ready Credit

What is Citi Ready Credit?

Why choose Citi Ready Credit?

Which Citi Ready Credit promotional offer works for you?

What can I use Citi Ready Credit for?

Upgrade your car

Transform your home

Your ticket to travel

Make the unpredictable more manageable

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

Once the money's in your bank account, whenever you find that dream car or new appliance, 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.

Activate your introductory offer in just 3 steps1,3

How to earn your 50,000 Qantas Points6

Rates and fees

Qantas FAQs

Qantas FAQs

Citi Ready Credit FAQs

Citi Ready Credit FAQs

Borrowing power calculator

Important information

Apply online now in just 10 minutes

Apply online now in just 10 minutes

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

Activate your introductory offer in just 3 steps^1,3

How to earn your 50,000 Qantas Points⁶