Citibank Ready Credit 10% Back on $1500 Spend / ATM Withdrawal

No on 15/06/2016 - 10:21
Last edited 15/06/2016 - 11:15 by 1 other user

I am not posting this as a deal since Ready Credit isn't a particularly popular offer here and I don't know if it would apply to new or all existing customers but Citibank sent me this fairly attractive offer:

Link here

Dear daveaus

Use your Ready Credit account between 15 June and 15 July 2016 and we'll give you 10% cash back2 up to a maximum of $150 on the total value of your purchases and ATM cash withdrawals.

Here's how it works.

Spend or make ATM cash withdrawals. Get 10% cash back2, up to a maximum of $150.

Visit citibank.com.au/cb to find out more.

Hurry, don't miss out.

This comes just a few days after Citibank sent me this Ready Credit offer. Does anyone know if ready credit is considered a credit card according to the newish credit card laws? I need to know that if I spend the $1500 and pay it back then it will pay it towards the new spend rather than the previous ready credit offer I linked.

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Citibank Australia

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  AsSeenOnTv on 15/06/2016 - 14:29

  +1

  I am an existing redicredit customer and I got that offer too and am planning to withdraw $1,500 over 2 days and then pay it back again a few days later. the interest and potential cash advance fee will be a lot less than the 10% cashback I will earn.

  For the record I opened the redicredit account to make use of the promotional 2 year 2.9% interest rate which is nearly up. I took it as a check and put is straight on the home loan.

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    No on 15/06/2016 - 14:32

    Out of interest did you get the earlier offer as well?

    I signed up to readycredit years ago to do the 2.9% thing as well. The account has been sitting idle since, I am glad I kept it open now.

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  AsSeenOnTv on 15/06/2016 - 14:41

  +1

  no, but I just checked and I have a new 24 month 2.9% offer in my flexicredit account. must be time to repay it all and take it up again. the saving won't be as great this time as hoem loan rates have dropped, but it is probably still worth a few hundred over the 2 yrs.

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    No on 15/06/2016 - 14:54

    Where do you see that offer? When I rang to order a new card for my ready credit the guy went through a list of offers available to me, I have checked the offers link but none appear in there. Maybe now that the account is active again offers will appear.

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  AsSeenOnTv on 15/06/2016 - 15:22

  +1

  when you log into the Citibank website, go to 'Offers' top right..ish then lending after that and it was there. Interestingly the 0% for 9 months they offered me over the phone wasn't under my credit card offers.

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    No on 15/06/2016 - 15:34

    Thanks for the info.