Citibank ready credit | Australian Frequent Flyer
Australian Frequent Flyer

Welcome to Australia's leading independent Frequent Flyer and Travel Resource since 1998!
Our site contains tons of information that will improve your travel experience.

Joining AFF is fast, simple & absolutely free - register now and take immediate advantage of these great BENEFITS.

Once registered, this box will disappear. And you will see fewer advertisements :)

Citibank ready credit

Status
Not open for further replies.

arun

Member
Joined
Sep 5, 2002
Messages
311
Citibank has a product called Ready Credit. It is really an unsecured line of credit with cheque book and ATM card.
If you apply and get approved, you get 4000 points bonus points. Visit QFF site and look under financial services partners.
No fees. Pay interest only when you use the facility.
there is a special form that require you to write your QFF number. Make sure that you use that form.
 

wleong

Intern
Joined
Jan 26, 2003
Messages
87
Flights
My Map
Be warned.....I applied for one of these accounts last year, it took Citibank around 8 months and a large number of phone calls, emails and letters chasing them to credit the 4000 points.

They still failed to return my original documentation.

Since then I have closed off the account without a single transaction.

Good luck if you decide to open one.
 

arun

Member
Joined
Sep 5, 2002
Messages
311
Thanks welong for that warning. I am planning to apply in about three months time. I will let you know how I go with that.
 

alien

Member
Joined
Nov 6, 2002
Messages
281
Flights
My Map
They sent me an application and I ripped it up. I'll just stick to Altitude Gold Visa atm i think
 

Davo

Newbie
Joined
Nov 26, 2003
Messages
7
Last year I signed up to Ready Credit as part of a Diners Club promotion -- got a cheque book and card as well as a bottle of Moet. :)

It is a really convenient line of credit like they say, just write a cheque and off it goes. There are no strings attached, however they do charge about 5% or 10% of the outstanding amount as the minimum monthly payment, so make sure you know what you're getting in for.

The major downside of Ready Credit is that the interest rate is 14.99% pa after the honeymoon period, which is quite high when compared to other credit you can obtain.

The introductory offer was something like 6.5% pa interest for the 1st six months, this was really good. Once they jacked up the interest rate, I stopped using it.

Can't say I experienced a delay in processing my Ready Credit application, but I have had other delays with other Citibank products, Virgin CC, etc. so nothing new.......

Caveat emptor!!
 

creditcardman

Junior Member
Joined
Dec 18, 2006
Messages
12
The ready credit looks like a great card for funding personal projects and this site ranks the citibank ready credit card as number 2. I'm not sure if it deserves such a high rating but for the amount you can borrow $25,000 it has a really good interest rate 12.99% when compared to others.

I applied over 2 weeks ago and received a phone call yesterday to verify my applicaton then they said it will go into the review process. Seems to take a while, other cards seem to be a bit quicker
 

NM

Moderator
Joined
Aug 27, 2004
Messages
15,799
Flights
My Map
creditcardman said:
The ready credit looks like a great card for funding personal projects and this site ranks the citibank ready credit card as number 2. I'm not sure if it deserves such a high rating but for the amount you can borrow $25,000 it has a really good interest rate 12.99% when compared to others.

I get monthly offers to increase my borrowing limit to well over $30K on my Ready Credit account. I just tear them up and bin them :p . So $25,000 is not a hard limit.

By the way, I have never used more than about $500 credit at any one time, so no need to have a limit well over $30K :shock: .
 
Status
Not open for further replies.

AFF on Air Podcast

  • jb747’s Stellar Career with Qantas – AIR013
    Sat, 15 Jun 2019 03:00:41 AEST
      In this special edition of the podcast, Matt chats to John Bartels (a.k.a. jb747) about his flying career with Qantas, the A380, the QF30 incident, flight training, retirem ...
  • Cheap Virgin Australia Business Class – AIR012
    Sat, 01 Jun 2019 03:05:28 AEST
      Find out how to get cut-price Virgin Australia Business Class tickets by buying and redeeming Etihad Guest miles! This episode also includes some listener Q&A and an interv ...
  • Star Alliance Status – AIR011
    Sat, 18 May 2019 09:39:41 AEST
      Find out how to easily earn Star Alliance Gold status with several different frequent flyer programs! This episode also includes an interview with John Blom, Australia’s ...
  • Premium Economy – AIR010
    Sat, 04 May 2019 00:21:32 AEST
      Premium Economy is a great compromise if you want a more comfortable experience than Economy, without paying for Business or First class airfares! In this episode, AFF’s ...
  • Hyperinflation of Points – AIR009
    Sat, 20 Apr 2019 04:49:59 AEST
      Frequent flyer points are a valuable currency, but they aren’t immune from hyperinflation! In this episode, Matt discusses why frequent flyer points are a terrible long-t ...

Community Statistics

Threads
81,616
Messages
1,884,702
Members
49,498
Latest member
angusmackenzie
Top