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Citi Quick Cash (0% P.a. for 12 Months with a 2.49% Fee) + Bonus $100 Gift Card on $1000+

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Citi Quick Cash (0% P.a. for 12 Months with a 2.49% Fee) + Bonus $100 Gift Card on $1000+
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SydneySwan on 18/02/2021 - 15:53 www1.citibank.com.au (127 clicks)
Last edited 18/02/2021 - 17:54 by 1 other user

Similar deal to https://www.ozbargain.com.au/node/598789. This deal is TARGETED.

Hi SydneySwan,

Got your eyes on a big purchase, but unsure how to fund it?

Well, with your Citi credit card ending in XXXX you can access cash from $500 up to 90% of your available credit limit at the rate of 0% p.a. Budget better with manageable monthly instalments over 12 months. A 2.49% fee also applies.

We call this feature Citi Quick Cash which is a type of instalment plan. You get to enjoy a lump sum upfront, then pay it off in fixed monthly instalments.

Request Quick Cash today to receive a $100 e-Gift card when you convert $1,000 or more to use at Myer, JB Hi-Fi or Coles.1

Think of Citi Quick Cash like buy now pay later, but for anything.

Be quick, this offer ends 18 March 2021 and is limited to one e-Gift card per account.

Financial Citi Loan

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Citibank Australia
Citibank Australia

closed Comments

  • MK007 on 18/02/2021 - 15:59

    Kindly update the title to include "TARGETTED". I have got this offer but @5.99% pa

    • SydneySwan on 18/02/2021 - 16:17

      It was already clearly stated but I have appended to the title now.

  • cliener on 18/02/2021 - 16:06
    +4

    Is this part of the deal where they accidentally transfer hundreds of millions into the wrong account?
    https://arstechnica.com/tech-policy/2021/02/citibank-just-go…

  • jrt2020 on 18/02/2021 - 16:09
    +1

    If u take this , can you still make purchases as normal and pay every month without interest?

  • arctan on 18/02/2021 - 16:39
    +1

    I have Coles mastercard and I received same offer

    • JIMB0 on 21/02/2021 - 14:34

      Same here. Only problem is my limit is $1000 so I need to pay my balance off and then some before applying. Not sure if it will work.

  • jlien on 18/02/2021 - 16:43

    i got the 6.99%, 0% upfront offer.

    Only reason I haven't accepted it is that i use my citi card day to day; and afaik; the credit laws require debts with the highest % interest to be paid off first; which would mean the quick cash; and not my day to day purchases.

    Someone correct me if i'm wrong.

    • Turd on 18/02/2021 - 17:16

      Same, the card is my daily as well. So this means if we take up the offer and we lose the interest free period for the purchases?

    • tezza on 18/02/2021 - 17:25

      The way I believe it works is that you just use it as normal and at the end of the statement period you are billed for your purchases with the fixed payment option portion added on. So you still get interest free purchases.

      If you pay off more than the monthly balance, then that goes towards the fixed payment option

      • Turd on 18/02/2021 - 17:44

        Ah can anyone confirm what Tezza has said?

        If this is true, it's good idea.

        • tezza on 19/02/2021 - 08:24
          +2

          https://www.citibank.com.au/cards/FAQ/retail-cash-faq.htm

          If you make a payment which exceeds the minimum payment due plus any overdue amount, the excess amount will be applied to pay the balance of your account (excluding the outstanding balance of the Fixed Payment Option). We may (but are not obliged to) apply any further excess to pay the balance of your Fixed Payment Option.

          If you wish to make an additional payment towards your Fixed Payment Option, please make sure you contact us BEFORE making the payment by sending a secure message (details below) and allowing up to 2 working days for us to process this request.
          Once you receive a confirmation from us, you can then make the additional payment so that it is allocated to your Fixed Payment Option.

          To send a secure message sign on to your Citi online account on www.citibank.com.au and click on Services, My Profile then My Messages and include the amount and the Fixed Payment Option towards which the payment needs to be allocated.

          Alternatively, you can call Citiphone on 13 24 84 (or +61 2 8225 0615 if you're calling from overseas).

          If the Fixed Payment Option is your only outstanding balance, then any additional payment will be allocated to it and there is no need to contact us.

          • jaypeee on 04/03/2021 - 13:20

            @tezza: So, if you take them up on the $1000, contact them and adding $84 to the monthly repayments will make sure no additional charges are accrued?

  • Dealking on 18/02/2021 - 16:44

    The gift card takes for ever to come, I am still waiting for mine from a couple months ago - the help desk guys say it takes 12 weeks - just an fyi.

  • Turd on 18/02/2021 - 17:07

    I got 5% fee. booo

  • tezza on 18/02/2021 - 17:23
    +1

    I got the offer at 2.49%, the offers seem to be coming every month or so. $24.90 for a $100 gift card is good, even at 5% it's a good deal

  • jackofspade on 18/02/2021 - 17:28

    I took up the offer last month so why are they still sending me this offer if it's one gift card per account. Previous offer was one gift card per account, per offer period.

    • dumdidum on 19/02/2021 - 05:58

      I did the same, notice this latest offer says sign up by 18 March, whereas the previous was sign up by 17 February. Maybe we can get another gift card if we do it again?

      • [Deactivated] on 19/02/2021 - 09:30

        In the same boat, tho I'll probably wait till the end of the offer period to see if I get the previous one before then. (18th March)

  • abc on 18/02/2021 - 18:01

    Did anyone try setting up multiple FPO’s and got multiple gift cards last time?

    T&C worded differently now :(

    • Valuehunter on 18/02/2021 - 18:35

      i got 2 seperate offers 1 is fexibill which i already done this cycle and other is for quick cash both offering $100 e gift cards. so i called up twice first rep said yes its ok as long its different promo i could get multiple gift cards if targetted. second rep said no its only 1 gift card per statement cycle no matter how many fpo i do so im now confused. can anyone clarify the new terms i give up calling as its always diffferent depending on who you talk too and live chat is even more terrible.

    • JIMB0 on 18/02/2021 - 20:46

      Used to be only limited by your credit limit.

    • tezza on 19/02/2021 - 08:26

      Back when the offer appeared in October or thereabouts, you could set up multiple ones and receive multiple ones. The last couple of offers have been one per offer period per account.

  • ioga on 18/02/2021 - 19:17

    My guess is the sweetest offer (2.49 pa) primarily targets those who got their citi card during last year's 'get $500 when you sign up and pay $99 for the 1st year'. Taking up this offer after that means you will now need to pay it back in 12 months, which means you are roped in until next year, so you will need to pay the annual renewal at non promo rate (around $249 iinm).

    • webtonmoy on 18/02/2021 - 20:41

      Can someone pay it full before 12 months and close the card?

      • SydneySwan on 18/02/2021 - 22:03
        +1

        Yes. Keep the Quick Cash loan until your e-gift card arrives then you can close and repay this loan and close the card.

        • ioga on 19/02/2021 - 08:19

          Looks like youre right, you can pay early and there is no repayment fee. So the math checks out, pay $24.9 to get $100 gift card, then close it when the GC arrives. The only thing is that it can take up to 3 months for the GC to arrive, so as long as your promo membership is >3mo, you're good.

          • JIMB0 on 20/02/2021 - 13:31

            @ioga: If you got the offer of 0% and have already paid the establishment fee you may as well keep the money for the full term. It won't cost you any extra.

  • mmorrissey on 23/02/2021 - 08:51

    Is there any way to push into these targeted deals or you just have to be lucky?

  • spa on 25/02/2021 - 10:03

    I previously got offered the 6% offer but just got offered the 2.49% offer.
    Still confused about how this works, can someone do a run down of the most effective way to do this?
    I was about to close my card having already received my points and I have until October until the annual fee would be due.

    Is the idea:
    1) take up the offer
    2) not use the card for anything else
    3) pay off the amount due each month
    4) after receiving the GC (3 or so months), pay off the whole remaining amount?

    Thanks

    • tezza on 25/02/2021 - 10:14
      +1

      Yes that will work.You can continue to use the card and pay off the monthly balance to get the interest free days

  • Some Guy on 04/03/2021 - 11:10

    Now seeing these offers come through with no setup fee (previously 2.49%) that I can see but now with 6.99% pa interest. So up to $70 for a $100 myer gc. Obviously, less if they get the gc to you sooner and you pay it out. But the wait time sucks and it's fiddly to keep on top of these. I don't need myer gc this badly. YMMV.

  • dumdidum on 08/03/2021 - 11:24

    Did anyone confirm that you are eligible for 1x gift card per offer that they send, even if you have already set one up under a previous offer/e-mail? Or it is limited to one per credit card account?

  • jackofspade on 09/03/2021 - 16:51

    I received a new offer today called flexibill instalment plan - convert $500 at 7.99%, no fees, and get $100 gift card in 12-16 weeks. Interest would be about $12 for 16 weeks so profit $88.

    • tezza on 09/03/2021 - 17:32

      I got a Ready Credit offer however it's not worth while for me as your credit report will take a hit plus there is a massive establishment fee for it.

      • JIMB0 on 10/03/2021 - 08:35

        I got the same. Would be ok if they didn't do a credit check.

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