City personal loan velocity points offer

[wendlle]

I am wondering about this and I’m not too great with these offers but the points available are good

Could I get the loan for the $2000 minimum and pay it off right away and still get the points??

Citi Personal Loan Plus Review: fees and features | Finder

Borrow up to $75,000 and receive a personalised rate. Terms range from 3 to 5 years. Applications are online.

www.finder.com.au

 

[theblank]

fairly sure not. read the terms, its likely covered that scenario.

You have to wait for the points to arrive before paying it out, no bank would be that silly

 

[AIRwin]

Payment of the Monthly Instalment enables you to pay off the loan within your chosen term of 3, 4 or 5 years.

 

[Gold Member]

Borrow $5,000-$75,000 from Citi Personal Loan Plus ($199 Annual Fee), Get 150,000 Bonus Velocity Points @ Citibank

Deal: Borrow $5,000-$75,000 from Citi Personal Loan Plus ($199 Annual Fee), Get 150,000 Bonus Velocity Points @ Citibank, Store: Citibank Australia, Category: Financial

www.ozbargain.com.au

Read the comments from OzB members. I’m waiting a little while longer for some more experience before dipping my toes.

 

[wendlle]

fairly sure not. read the terms, its likely covered that scenario.

You have to wait for the points to arrive before paying it out, no bank would be that silly

Yes I need to wait for the points to arrive but that looks like it’s about 90 days out
Far less time than the 3 year term of the loan

 

[airly]

The link is no longer working. Anyone got a new link?

 

[Scr77]

The link is no longer working. Anyone got a new link?

Seems to be working now.

It’s an interesting offer. I can’t see any reason you can’t borrow 2k, pay most off and close once points are received. Currently, there is no monthly fee or fee to pay out early.

I wonder if $hittyBank are any better to deal with now that NAB owns them?