Bonus 70,000 Qantas FF Points with Citi Ready Credit ($199 Establishment Fee, Minimum Loan $5,000 90 Days, 8.9% p.a.) @ Citibank

200

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Briefcase Mong on 12/11/2023 - 00:30 www1.citibank.com.au (431 clicks)
Last edited 13/11/2023 - 17:36 by 1 other user

Same as previous deal just the interest rate has changed

1. 70,000 Qantas Frequent Flyer Points

Offer eligibility: To be eligible to earn 70,000 Qantas Points, you must: apply for this offer by 29 February 2024, request a balance transfer of $5,000 or more within 3 months of approval, and provide your Qantas Frequent Flyer membership number linked to an account in your name to NAB within 2 months of our request for it. Your account must be open, in good standing (for example, your account is not in default or suspended) and must maintain a debit balance until the Qantas Points are credited. If you do not provide your Qantas Frequent Flyer number within 2 months from when NAB first request it, the Qantas Points will be forfeited.

Offer exclusions: This offer is available only once per customer. This offer is not applicable or valid in conjunction with any other advertised or promotional offer. If you have previously received, or are entitled to earn, 70,000 Qantas Points with this offer, you will not be eligible to earn another 70,000 Qantas Points with this offer.

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• 

  poisongodmachine on 12/11/2023 - 00:53

  Isn't NAB closing the Citi brand in just a few months?

  • 

    fuzor on 12/11/2023 - 01:03

    +1

    No its only the standard banking products like transaction and savings accounts. Credit products stay as is

• 

  Nand0sx on 12/11/2023 - 01:53

  I want to neg just because of how bad Citi is with customer service. I have nothing but issues and they do not care in the slightest, maybe because it is a dead brand.

  • 

    kerfuffle on 12/11/2023 - 06:33

    That's a valid reason for a neg vote i.e. issues with the business

• 

  machej on 12/11/2023 - 02:37

  Probably costs $310 or so if tallying up the interest + establishment fee for 70,000 points. Not quite sure if that rates so highly given other QFF deals on here.

  • 

    Pikaloo on 12/11/2023 - 06:12

    +3

    You pay off everything but $50 or $1 of the balance. So you do the balance transfer of $5,000 then pay off $4950 and wait until the points come then pay the rest off. Some people pay off everything but $1 and wait.

    • 

      vawiyoci on 13/11/2023 - 14:21

      Some people pay off everything but $1 and wait

      How does that work with the minimum repayment required for each month (plus any interest)?

• 

  Wiadro on 12/11/2023 - 07:13

  Mm so I can do a $6k balance transfer from my NAB Qantas card, and get another 70k points?

• 

  Hugh G Rection on 12/11/2023 - 08:10

  i currently got this deal earlier this year but instead with velocity points.
  i still have my my account.
  do i close it and do it again to get qantas points? does this work or no?

• 

  tufis on 12/11/2023 - 08:19

  Do they leave an imprint on your credit file?

  • 

    neohazard on 12/11/2023 - 09:00

    +1

    It will definitely leave a hard inquiry on your credit history

    • 

      Wootwootwoot on 12/11/2023 - 10:33

      Unsecured credit too, like a cc

  • 

    DrRalph on 12/11/2023 - 10:47

    +2

    Of course. But who cares.

  • 

    recession1 on 12/11/2023 - 12:02

    +1

    My credit score took a bigger hit from applying for this last time than it has from any credit card application.

    I’m sceptical about how important credit scores are though. Banks seem to only care about open credit limit and income when assessing credit card applications.

    • 

      vawiyoci on 13/11/2023 - 14:29

      I’m sceptical about how important credit scores are though

      Isn't it pretty much irrelevant here apart from some automatic systems used by credit card applications etc? For home and car loans you're usually dealing with a live broker or bank staff who actually takes into account your entire income/debt situation, where as in the USA it always seems like their hands are tied if your score falls below certain thresholds regardless of your actual situation.

• 

  Voi on 12/11/2023 - 19:00

  +1

  So it's ok to pay back $4999 straight away and just keep $1 balance until they transfer the points?

  • 

    tedchan0728 on 14/11/2023 - 09:22

    +1

    Same question , i would like to know if i can pay off the loan stright away and still get the 70000 ponts

• 

  Tuttle on 14/11/2023 - 13:12

  Hopefully someone has used this loan (with or without points) and can confirm whether you can indeed "re-pay" everything but a few remaining dollars, and not cop any further repayment fees etc?

  • 

    macr0hard on 24/11/2023 - 08:47

    From a similar deal a while ago, yes no issues and no extra fees

  • 

    nadan on 29/11/2023 - 13:57

    Not a few remaining dollar, minimum repayment for three months.

    • 

      vawiyoci on 29/11/2023 - 16:03

      Just transfer more out before you make the repayment so the balance stays in debt. Might not even need to do it for the full 3months judging by some of the other comments.

      • 

        Tuttle on 29/11/2023 - 18:13

        So just to clarify, once the 5k is received in our nominated bank account, you then bpay back say $4995?

        And do you also bpay an extra $199, or do that only after it appears/on statement?

        And then with the outstanding $5, just leave it there, and then only other repayments needed are they minimum requested in each following statement until points arrive (and then pay off in full?)

        • 

          vawiyoci on 29/11/2023 - 18:30

          +1

          @Tuttle: I did that and the min repayment on my 1st statement was $30. Though I only had that $49XX debt for a few days before I repaid it instead of waiting a whole month accruing interest on $5k lol. Not sure if that will also go down if the debt balance at your next repayment is lower than $30.

          • 

            Tuttle on 29/11/2023 - 19:04

            @vawiyoci: That's really useful to know.
            Did you get the points prior to the next statement?
            Ie would it be wise to initially pay pack say $9940? (happy to cop 8% PA on $60)

            • 

              vawiyoci on 30/11/2023 - 10:02

              @Tuttle: Only just got my first statement from the previous deal and haven't been as lucky as some of the other commenters who got their points super early. Still waiting on the qantas member number request email too.
              Yeah pretty much repay asap after you get the balance transfer completed and with a remaining debt of <$100 the interest will only be like a couple of cents a day even at this new increased rate of 8.9%.

            • 

              vawiyoci on 15/12/2023 - 09:51

              @Tuttle: Ended up getting the qantas number request email soon after this and then the points a week later, so not too bad.

              • 

                Tuttle on 15/12/2023 - 10:14

                @vawiyoci: How long was the email after you received the 5k? I applied on the day I commented, and had the account for about 10 days now, but no email so far..

                • 

                  vawiyoci on 15/12/2023 - 10:18

                  +1

                  @Tuttle: Just under a week after the 1st month's statement notice email. I think the t&c says might be up to 6 weeks after you open the account/make the transfer.

                  • 

                    Tuttle on 08/01/2024 - 13:23

                    @vawiyoci: Got the email cheers, bow the question is, how long do I wait for the points? Submitted my QF details 3 weeks ago, but still no points.

                    • 

                      vawiyoci on 22/01/2024 - 10:05

                      @Tuttle: Did you end up getting your points in the end? 3 weeks seem pretty long though their t&c probably allows themselves the typical 60-90 day leeway.

                      • 

                        Tuttle on 22/01/2024 - 13:51

                        @vawiyoci: Not yet.. Was just about to post here asking if anyone else had haha

• 

  nadan on 23/11/2023 - 11:50

  +1

  FYI, I had the velocity promo and after getting the points I closed it off, and now got this offer, I have applied and been approved.

• 

  TightAl on 30/11/2023 - 13:09

  Got rejected when i applied, 4 credit cards is too many :(
  3 month exclusion period!! Argh

• 

  alvchan on 19/01/2024 - 17:39

  For those that have requested the $5k balance transfer on this - can you please let me know how to request the transfer?

  I've logged into their website and can't seem to find any option to request the initial $5k.

  • 

    vawiyoci on 22/01/2024 - 10:03

    +2

    There would have been a step right at the end of the application to fill in your balance transfer details, though in my case for some reason it wouldn't accept any of my details so I had to skip. Otherwise you can call them up or send them an online message for a callback. I ended up simply transferring out the money like a normal bank EFT transfer once the card arrived and activated (for some reason it wouldn't let me do it before that even though everything was visible).

• 

  pathway27 on 06/02/2024 - 20:46

  I'm so confused, is doing the Balance Transfer at the end of the application the easiest way?

  Does it still count if I do multiple balance transfers to different places to reach the 5k?

• 

  Voi on 07/02/2024 - 16:13

  Has anyone got the points yet?
  I received the email to provide QFF number at the end of the December, but still not points in my account

• 

  76F on 19/02/2024 - 16:40

  Approved 13 December 2023, received points 19 February 2024. Paid less than $2 in interest.