Open Citibank Personal Loan (Min $5000) & Receive 110,000 Flybuys Points (Worth $550) - $199 Fee + $10/Month Thereafter

60

Got this offer in the email at both my and partner's account but may be targeted.

Get the dream started with Citi Personal Loan Plus, finish it with 110,000 Flybuys bonus points.

One off establishment fee of $199 and monthly fees of $10. No early repayment fees and mimimum loan amount is $5000.

Interest Rate is 8.90% and Flybuys will be given within 30 days upon opening the loan.

Looks like a profit of $330

Related Stores

Citibank Australia
Citibank Australia

Comments

  • -1 vote

    Looks like a profit of $330

    Establishment fee $199 and minimum loan term of 3 years ($10 a month x 36 = $360) = $559

    No profits to be made here… and that's the amount you're paying IF you already have the $5k upfront to pay it off, otherwise you're slapped with 8.9% interest

    •  

      I must have missed minimum loan terms of 3 years.

      Agree there is no benefit in this case.

      @Mods plz delete this listing.

      • +2 votes

        Doesn't the minimum loan term just mean you have to take out a 3 year loan. Not that you necessarily have to stay paying it off for 3 years?

        • +2 votes

          It did last time I used Citi - could make any payments I wanted, including paying out early with no fees.

  • +5 votes

    Early pay out fee
    $0, meaning you can pay out the loan early without a penalty

  •  

    what if you start the loan for just the flybuy points and then close it?

    •  

      I think it would be possible to close it after getting the flybuys points. I have taken the loan. Will let you know how do i go …

      •  

        Does it actually ask for your payslips?

        •  

          Yes, or any other proof of income