100,000 Bonus Flybuys Points When You Request a Balance Transfer of $500 or More within 3 Months @ Citi Ready Credit ($199 Fee)

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LBekay on 06/06/2022 - 15:50 www1.citibank.com.au (360 clicks)
Last edited 06/06/2022 - 19:46 by 1 other user

Probably targeted but seems like a good way to profit about $300 if you got it. The only cost seems like a $199 establishment fee.

Need to request a balance transfer of $500 or more.

Correct me if I’m wrong!

To be eligible to receive 100,000 Flybuys points, you must apply for this offer for a Citi Ready Credit account by 31 August 2022 and request a balance transfer of $500 or more within 3 months from account approval.

An establishment fee of $199 will be debited to your Account on the date we issue you a statement of Account for the Statement Period in which you first use or activate your Account. The establishment fee is billed in addition to the amount borrowed. Other service fees and charges including late payment fee and dishonour fee may apply.

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  tranmerlance on 06/06/2022 - 15:58

  +1

  $199 establishment fee for a $500 loan…? wow…

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  perfectlydark on 06/06/2022 - 15:59

  +1

  not for me. too little payoff for too high an investment and hoops to jump

  • 

    coxymla on 06/06/2022 - 16:06

    Yes, the T&C are pretty bad and make it sound like you will be waiting months for the bonus points.
    In the meantime you're paying interest on the credit.

    • 

      vger74656 on 07/06/2022 - 08:16

      @coxymia You can repay it down to $1 and you pay interest on that.

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  BBF on 06/06/2022 - 16:26

  Dunno if it's a NAB thing or a whoopsie. No mention of $199 fee in email. Citibank used to mention the fee.

  • 

    kizashi on 06/06/2022 - 18:25

    If look on the link it does mention this - No monthly or annual fees. Just a one-off establishment fee of $199.

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  pinnacle on 06/06/2022 - 20:11

  Got this, wondering what other hidden charges were involved. Or it is as the OP said easy $300!

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  Deal finder on 07/06/2022 - 06:54

  I assume a credit check will be done as part of the process?

  • 

    vger74656 on 07/06/2022 - 08:16

    I would imagine that would be the case for any credit card you apply for.

    • 

      n0mad on 07/06/2022 - 10:44

      i think it's actually a line of credit, that's what i read when i opened the link. I originally thought it was just a balance transfer on my existing citi credit card and got all excited. left disappointed!!!

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  coolsteps on 08/06/2022 - 14:50

  whats the rate on initial balance transferred? similar offer but flybuy points