Citibank Ready Credit – Fixed Payment Option – Review & Online Application
The Ready Credit Fixed Payment Option gives you freedom to spend money on the things you really want. Borrowing money is sometimes necessary, but paying high interest on those loans is not. Citibank Ready Credit offers a simple, no fuss personal loan that comes with a line of credit that can be used exactly the same way as a credit card.
The way this account works is that it’s an unsecured line of credit with a regular repayment structure and fixed term. Cardholders have the option of setting their loan term over 3 years paying a special fixed interest rate of 10.99% p.a. In addition to a competitive unsecured rate of interest, this account has no annual fee and there are no penalties for paying the account balance off early – so you can set the pace of repayments. There is a one off establishment fee of $69.
Fixed repayment loan
To take advantage of the fixed repayment option, get in contact with Citibank and let them know how much of your available credit limit you would like to spend and over what period you would like to pay the loan back.
The ability to nominate the loan term gives account holders the ability to dictate how much interest they would like to get charged. It’s also worth a mention that as you pay the loan back, more funds become available for you to use again as part of your credit limit.
Exclusive benefits that come with the card
The Ready Credit Fixed Payment Option comes with all the benefits Citibank customers have come to expect from the lender, including:
Guaranteed pricing scheme – bought something and found it cheaper somewhere else? The guaranteed pricing scheme will refund the difference in price.
Purchase cover insurance:
Protects the items you’ve purchase with your card against theft, loss or damage.
Automatically have your warranty extended on goods purchased with the card.
Free wine at selected Citibank restaurants:
When you dine at a participating restaurant and pay for the meal with your card you will be eligible to receive a free bottle of award winning wine.
Account holders also get access to holiday packages with Citibank’s Travel Program and access to a range of worldwide privileges with Citibank World Privileges.
How can I spend my money?
Accessing your funds can be done through a Visa Debit Card or cheque book and you can manage your account online with Citibank Online Banking or you can download the Citibank app and access your funds while you’re on the go.
What will my credit limit be?
A cardholder’s credit limit is assigned by Citibank after the application is complete, and it will be decided based on the financial information the applicant provides during application. The maximum credit limit a cardholder can receive is $30,000.
How to apply for Citibank Ready Credit.
If you’re interested in applying for the Ready Credit Fixed Payment Option, the easiest way to apply is by clicking the link to be directed to a secure Citibank application page. This process is secure and is protected by 128 SSL technology, which encrypts your data. The application will only take about 10 – 15 minutes and you will be given conditional approval usually within a minute of you completing the application. Applicants whom Citi needs additional information from will be notified via email within 24 hours.
To be eligible for Citibank Ready Credit you must meet the following criteria:
- Have a good credit rating.
- Earn a taxable income of $35,000 or more.
- Be a permanent Australian resident / citizen.
- Be over the age of 18.
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