70,000 Velocity Points When You Access $5000 or More Credit within 3 Months (8.9% P.a., $199 Fee) @ Citi Ready Credit

180
70,000 Velocity Points When You Access $5000 or More Credit within 3 Months (8.9% P.a., $199 Fee) @ Citi Ready Credit
Go to Deal
Koipanda on 26/06/2025 - 10:59 www1.citibank.com.au (270 clicks)
Last edited 26/06/2025 - 13:07 by 1 other user

Check out the Qantas Offer if you've churned through this. It's not as good, but desperate times calls for desperate measures.

70,000 Velocity Frequent Flyer Points:

Offer eligibility: Please ensure that all supporting documentation for your application is submitted to us before 1 August 2025. If we don’t receive all documentation before 1 August 2025, your application will be cancelled. To be eligible to earn 70,000 Velocity Frequent Flyer Points, you must apply for this offer, request a balance transfer of $5,000 or more within 3 months from approval, and provide a Velocity 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 maintain a debit balance until the Velocity Frequent Flyer Points are credited. If you do not provide your Velocity Frequent Flyer membership number within 2 months from when NAB first request it, the Velocity Frequent Flyer Points will be forfeited.

Offer exclusions: This offer is available only once per customer. If you have previously received, or are entitled to earn, 70,000 Velocity Frequent Flyer Points with this offer, you will not be eligible to earn another 70,000 Velocity Frequent Flyer Points with this offer.

Requesting your Velocity Frequent Flyer number: NAB will send you an email to the address maintained on your Citi Ready Credit account requesting your Velocity Frequent Flyer membership number from you within 2 months from the date the initial transfer of $5,000 or more was processed.

Receiving your Velocity Frequent Flyer Points: The Velocity Frequent Flyer Points will be credited to your Velocity Frequent Flyer account within 2 months of NAB receiving your Velocity Frequent Flyer number.

About Velocity Frequent Flyer: Membership of Velocity Frequent Flyer is your responsibility. Velocity membership and Points earn and redemption are subject to the Velocity member Terms and Conditions, as amended from time to time, are available at velocityfrequentflyer.com.

Offer commenced: Offer commenced 6 February 2025. NAB reserves the right to vary or end this offer at any time.

Financial Frequent Flyer Loan Reward Points Velocity Frequent Flyer

Related Stores

Citibank Australia
Citibank Australia
Velocity Frequent Flyer
Velocity Frequent Flyer
Marketplace

Comments

  • Koipanda on 26/06/2025 - 11:00

    Another points offer for those excluded from all CCs

  • xiaozaocha on 26/06/2025 - 11:02

    it is a good one for churners, considering most bank increased cooling period.

    I received the 150k V points offer like 2 years ago and still able to get this offer. Chat online and the agent confirm that I am eligible. Received 70k last week.

    $199 for 70k was not too bad.

    • Koipanda on 26/06/2025 - 11:03
      +1

      I think if anyone had something like this before this offer commencement date 6 February 2025 they can apply again

      • xiaozaocha on 26/06/2025 - 11:05

        they seemed have a lower requirement of cooling period.

      • jimwh on 26/06/2025 - 11:49

        How about this? Offer exclusions: This offer is available only once per customer. If you have previously received, or are entitled to earn, 70,000 Velocity Frequent Flyer Points with this offer, you will not be eligible to earn another 70,000 Velocity Frequent Flyer Points with this offer.

    • gembel on 26/06/2025 - 11:12

      How long did you wait after transferring the $5000 to receive the email to provide your velocity number?

      And how long did you wait to receive the points after providing velocity number?

      Thanks!

      • xiaozaocha on 26/06/2025 - 11:14

        approved early APR, received the email to supply V membership mid MAY, received the points last week.

        Pretty smooth

        • gembel on 26/06/2025 - 11:16

          thanks! just got my card Monday, and the $5000 balance transfer was done on Tuesday.
          so hoping to receive the email mid July. fingers crossed

    • jimwh on 27/06/2025 - 14:35

      I did the same back 2022 but online agent said I may not be able get V points this time. did you chat with a agent in the promotion team?

  • SnowDragon on 26/06/2025 - 11:04

    So get $5k transferred to bank account, transfer it back to Citi, pay the $199 fee and get 70k points?

    What's the catch here? Do you only transfer $4,999 back so your credit is still open?

    • Koipanda on 26/06/2025 - 11:15

      Credit Score impact.
      I'd transfer $4900 to be safe

  • gembel on 26/06/2025 - 11:10

    For those who got this recently, how long after you balance transfer the $5000 do you receive the email to provide your velocity number?

    • Koipanda on 26/06/2025 - 11:15

      Requesting your Velocity Frequent Flyer number: NAB will send you an email to the address maintained on your Citi Ready Credit account requesting your Velocity Frequent Flyer membership number from you within 2 months from the date the initial transfer of $5,000 or more was processed.

  • Worldcruiser on 26/06/2025 - 11:17

    Any idea what supporting documentation is required for this application?

    • gembel on 26/06/2025 - 11:19
      +2

      just payslips. recently applied and approved. approval took few business days for me.

  • gembel on 26/06/2025 - 11:38
    +1

    Just wondering has anyone had both the Qantas and Velocity offers at the same time? And do you get the bonus points for both?

    • Karrots on 26/06/2025 - 11:48

      Yes, also wondering if this is possible

    • Jasongood on 26/06/2025 - 12:32

      T&C in Qantas say you cannot double dip, also confirmed with live chat.

      Qantas 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, 50,000 Qantas Points with this offer, you will not be eligible to earn another 50,000 Qantas Points with this offer.

  • MJD91 on 26/06/2025 - 11:59
    +3

    I have absolutely no idea how this facility works. Is there an explanation for dummies?

    • Harshmellow on 27/06/2025 - 07:09

      It's quite similar to credit card in that you are extended a credit limit and you are only charged interest on the amount you use. The key difference from credit card is there are no interest free days, and there's no cash advance fee i.e., you can withdraw money as cash as you would from a normal bank account.

      • MJD91 on 27/06/2025 - 09:10

        Cheers mate

  • KiwiKen on 26/06/2025 - 12:06

    Little confused, I got the nab reward visa, just got 60k velocity points from that offer. Can I apply for this to?

    • gembel on 26/06/2025 - 12:09

      yes, different products

      • KiwiKen on 26/06/2025 - 12:34

        Thanks

  • auindie on 26/06/2025 - 14:26
    +1

    Noob query - lets say get approved for 5000 pay 4900 next day and pay the 199 establishment fee plus interest on 1 dollar balance .

    Question is whether the credit card remaining balance can be used on day to day purchases without any interest on this purchase or will these purcuases as well add to the interest

  • Mugsy on 26/06/2025 - 15:59

    Yikes! $199 annual fee for only 70k points. My last churn a year ago was under $100 annual fee for about the same amount of points.

    Churning really isn't as good as it once was.

  • tigerjie on 26/06/2025 - 17:41
    +1

    Anyone knows if this hits harder on your credit score than say a credit card would?

Login or Join to leave a comment
Login Join