Citi Ready Credit - 70k Velocity points with $500 balance transfer

[Ansett Nostalgic]

Still nothing...!

 

[padders]

Approved May 17.
Recieved my email to add number today, June 27.

Approved May 17.
Establishment fee charged June 14.
Received request for ff number 27 June.
Points posted 31 July.

 

[padders]

Have another on the go, so:

Approved 22 July.
Est. Fee charged 23 July.

 

[k1s3k1]

Got my points as well today.. Finally

 

[Ansett Nostalgic]

Got mine too. Woohoo!

 

[Ansett Nostalgic]

FYI - called to close the ReadyCredit loan account today. Already removed from online banking although the operator also said there was about $20 in accrued unbilled interest that needed to be paid so I sent via BPAY and await the final closure confirmation letter.

Interesting to note that they tried quite hard (albeit politely) to convince me to keep the loan open, e.g.:

1. Even though you repaid the loan, there's no fee to keeping the loan account open if you want to redraw on it in future.

2. If you keep it open we might have further special offers for you.

3. He also noted that I had the Citi Premier card and offered to transfer the ReadyCredit limit to the credit card as extra credit limit. This might be interesting for some but was unnecessary for me since I already have over $50k limit and I never use it anyway.

 

[padders]

Have another on the go, so:

Approved 22 July.
Est. Fee charged 23 July.

FF requested 16 Aug.

 

[mushypeas]

Can you just instigate a transfer to activate or do you need to actually call the 1300 number to “activate” the offer

 

[nthd_nthd]

Can I confirm please
1. Apply if approved then pay the initial fee $199
2. Balance out $[email protected]%
3. Pay off but leave Balance of $50????
4. Close when receive 70k Velocity?
Am I missing something or wrong at any step please?
Thanks

 

[GrahamBRI]

Can I confirm please
1. Apply if approved then pay the initial fee $199
2. Balance out $[email protected]%
3. Pay off but leave Balance of $50????
4. Close when receive 70k Velocity?
Am I missing something or wrong at any step please?
Thanks

Step 2, should be $5,[email protected]% ($500 is an old offer)

 

[Mr H]

Citi are notoriously difficult with their acceptances. I had previously churned Citi cards and a Citi Ready Credit type thing. I got knocked back the next time for both a Ready Credit and for two credit cards (ove Velocity card through Citi and one proprietary Citi card). I waited over a year and applied successfully for a Citi Prestige card which I intend to keep for a while. But given how good some of the Citi offers are, I would be cautious about getting put on their cough list for the sake of 70,000 Velocity points.

 

[nthd_nthd]

Step 2, should be $5,[email protected]% ($500 is an old offer)

Thanks for correcting me. I have not followed with this offer.

Is it right that the cost for doing this gonna be:
$199(fee)+($[email protected]%/5 years)

 

[Mr H]

Thanks for correcting me. I have not followed with this offer.

Is it right that the cost for doing this gonna be:
$199(fee)+($[email protected]%/5 years)

No - the cost is the $199 fee plus the interest. But you will only pay interest on the full $5,000 for a couple of days because you're going to repay most of it instantly, and then interest on the residual amount ($50?) until the points come through. Then you repay the balance and close the account.

 

[nthd_nthd]

No - the cost is the $199 fee plus the interest. But you will only pay interest on the full $5,000 for a couple of days because you're going to repay most of it instantly, and then interest on the residual amount ($50?) until the points come through. Then you repay the balance and close the account.

AH, got it. Thanks a lot.

 

[Ansett Nostalgic]

Did the 70k offer in Apr-Aug then closed account.

Can I go for the 50k QFF offer now or should I wait?

Citi Ready Credit - Qantas offer

Citi Ready Credit is a line of credit that you can dip into whenever you need. Apply for Ready Credit and receive an introductory offer on the initial balance transferred.

www1.citibank.com.au

 

[padders]

Did the 70k offer in Apr-Aug then closed account.

Can I go for the 50k QFF offer now or should I wait?

Citi Ready Credit - Qantas offer

Citi Ready Credit is a line of credit that you can dip into whenever you need. Apply for Ready Credit and receive an introductory offer on the initial balance transferred.

www1.citibank.com.au

I did both, and was credited with both. I think they overlapped, too.