Received an email today from Citibank with an offer of 70,000 bonus points for signing up to Citi Ready Credit and taking a $5,000 within 3 months.
I am unsure if this is targeted and what credit cards would be required to hold. I have a Citi Prestige.
It would seem you can pay off the full amount fairly early. A quick look would suggest worse case is $89 in interest and the $199 establishment fee. Not a bad cost per point.
T/C's
- 70,000 Qantas Frequent Flyer Points
Offer eligibility: To be eligible to earn 70,000 Qantas Points, you must: apply for this offer for Citi Ready Credit by 31 October 2023 and request a balance to be transferred to your bank account of $5,000 or more within 3 months of approval; provide your Qantas Frequent Flyer membership number to us within 8 weeks of our request for it; maintain a debit balance on your Citi Ready Credit account for at least 90 days from the date the initial balance transfer is processed.
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.
Requesting your Qantas Frequent Flyer number: We will request your Qantas Frequent Flyer membership number from you, via email and SMS from the address and mobile number that are maintained with your Citi Ready Credit account, within 8 weeks from the date your request for a balance to be transferred was first processed. Your Citi Ready Credit account must remain open, be in good standing and have a debit balance. If you do not provide your Qantas Frequent Flyer membership number within 60 days from when we first request it, the Qantas Points will be forfeited.
Receiving your Qantas Points: The Qantas Points will be credited to your Qantas Frequent Flyer account within 9 weeks from the date you became eligible for this offer. Your Citi Ready Credit account must remain open, be in good standing and have a debit balance.
About Qantas Frequent Flyer: You must be a Qantas Frequent Flyer to earn and redeem Qantas Points. A joining fee can apply, however, new customers who join here will have the joining fee waived by Qantas. Please ensure you provide your valid Qantas Frequent Flyer membership number. The Qantas Frequent Flyer membership must be in your own name. In the instance that the Qantas Frequent Flyer membership number and last name attached to your Citi Ready Credit account does not match the details in your Qantas Frequent Flyer account, you may not be eligible to receive Qantas Points. Membership of Qantas Frequent Flyer is your responsibility. Membership and redemption of Qantas Points are subject to the Qantas Frequent Flyer program Terms and Conditions, available at qantas.com/terms.
Offer expiry: This offer is valid until 27 September 2023. Post this advertised date: we reserve the right to continue, withdraw or change the offer at any time without notice.
I don't know i just checked my car insurance, it's $140/month, about $20 more expensive than my existing one. 3 months it would be $60, and that for 40k points is well worth it.