Take control of your finances with one account you can use for everything from everyday spending to one-off expenses. You can access funds whenever you need them with no annual or monthly fees.
Cash is always available with a cheque book, card, online or by phone and there are no transaction, cheque, or cash advance fees. You no longer need separate statements and payments for different accounts
The greater of $30; or the sum of 1% of outstanding balances plus interest plus late fees
Repayment methods
Direct Debit (Citi Easi-Pay)
BPAY®
Mail
Australia Post
Lump sum
repayments
Yes
Increase regular repayments
Yes
Access funds
ATM/ EFTPOS
Cheque book
Visa Debit
Worldwide accepted
Additional cardholder
Yes, up to 1
Fees & Charges
Annual fee
$0
Monthly fee
$0
Establishment fee
$69*
Late payment
fee
$10 every 7 days until the Payment Due is made
Early termination fee
$0
Redraw fee
$0
Benefits of a Citi Ready Credit:
SAVE with an introductory offer of 2.9% p.a. for 12 months on balances transferred>. With Ready Credit you can get on top of your credit debt more efficiently so you can start saving money faster
Ready Credit offers a low $69 establishment fee. However there are no annual, monthly, cheque, transaction or cash advance fees, so it costs you nothing to maintain your account.
A revolving line of credit - This means interest is charged only on the amount you use
Interest calculated daily - Every time you reduce your outstanding credit, you'll immediately see the benefits of lower interest charges.
Suitable if you'd like to:
Have daily cash access - for grocery and day to day shopping, payment of bills and other general expenses
Have funds readily available - for any kind of purchasing or payment, ready at anytime you need money
Consolidate and pay off outstanding debts - at a low introductory interest rate, saving you money
Cash for any purchases - for home improvements, a new car, home theatre system or perhaps a much needed holiday
Help manage your cash flow - Your Ready Credit account gives you the flexibility to keep on top of payments
Give you peace of mind - for any of life's unseen emergencies where you might need to get your hands on extra cash quickly - redundancy, an accident, an unexpected bill.
You can apply for a Ready Credit if you meet the following criteria:
Have a good credit rating
Earn taxable income of $30,000 per year or more
Are a permanent Australian resident.
Are at least 18 years of age
You will need the following information to apply online:
Your personal details
Your contact details
Driver's licence number (if you have one)
Current residential status (and previous residential details if you have been at your current address for less than 3 years)
If renting or boarding, your landlord or real estate agent's details
Contact details of a relative or friend not living with you
Your financial position
Your employer's address and switch telephone number (as listed in the White Pages)
Annual and monthly income (before and after tax)
Contact details for your accountant if self-employed
The value of your home and car, if applicable, and any other assets
Types and amounts of other income (e.g. rental income)
Details of your main expenses, including the current balances owing on your Credit Cards, loans and investment mortgages
Covers
CreditShield®Plus pays up to $30,000 to cover your Credit Card payments or your Ready Credit balance. You can secure this protection for only 74c per $100 of your closing balance each month
CreditShield®Plus will pay the minimum monthly amount due on your statement if you are unable to work, due to an accident or illness, or for up to 6 months in any 12 month period if you become umemployed.
If you suffer from one of the listed critical illnesses, or in the event of your death or total disablement, CreditShield® will pay off your entire balance up to $30,000.
Eligibility
If you're under the age of 60 and hold a Citi Credit Card or hold a Ready Credit account you are eligible for this affordable protection with guaranteed acceptance and no medical examination or questions.
Benefits
For each month that you have a $0 closing balance, you don't have to pay any premiums!
