The one-off establishment fee of $199 will be waived only if you are targeted. Your browser must also accept cookies for the waiver to appear.
Monthly fees from previous deal are now waived for new loan applications. (Usually $10 per month.) $0 early loan termination (exit) fee.
20,000 FlyBuys points = $100 value
|Applicant||Loan amount||Loan term||Variable interest rate||Comparison rate|
|Flybuys members||$5,000 - $50,000||3 to 5 years||9.99% p.a.||10.28% p.a.|
|Non-Flybuys members||$5,000 - $20,000||3 to 5 years||12.99% p.a.||13.28% p.a.|
(Interest rate for Non-Flybuys members quoted for reference only.)
Seems to me you could take out a $5000 personal loan, activate, pay it off (?), close the account, then wait up to 6 weeks for your points to arrive - with the cost being your time, a credit check hit, and sharing your financial info. Assuming you’re targeted for this offer of course - the offer appears in my Coles/FlyBuys apps.
As a long time credit card junkie, sadly I was rejected on the spot. But others might have better luck than me. I have no prior experience with personal loans, so please DYOR if this product is suitable for you.