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Transfer Min $1000 from Citi Ready Credit within 3 Months ($99 Fee + 8.9% p.a. Interest), Get $500 JB Hi-Fi Gift Card @ Citibank

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Transfer Min $1000 from Citi Ready Credit within 3 Months ($99 Fee + 8.9% p.a. Interest), Get $500 JB Hi-Fi Gift Card @ Citibank
Go to Deal
me1stt on 08/12/2023 - 15:45 www1.citibank.com.au (505 clicks)
Last edited 27/12/2023 - 09:35 by 2 other users

Enjoy a rate of 8.9% p.a. for 5 years on the initial balance that you request to be transferred to your bank account within 3 months of approval.

No monthly or annual fees. A reduced one-off establishment fee of $99, normally $199.

$500 JB Hi-Fi eGift Card
Offer Eligibility: To be eligible to receive a $500 JB Hi-Fi eGift Card, you must apply for this offer from 6 December 2023 to 19 December 2023, be approved and request a balance transfer of $1,000 or more within 3 months from approval. Your account must be open, in good standing (for example, your account is not in default or suspended) and maintain a debit balance for up to 2 months.

Offer exclusions: This offer is only available once per customer.

Receiving your JB Hi-Fi eGift Card: The eGift Card will be sent to you within 2 months from the date your initial transfer of $1,000 or more was processed. This will be sent to the email address maintained with your Citi Ready Credit account.

Financial Gift Card Loan

Related Stores

Citibank Australia
Citibank Australia

closed Comments

  • easternculture on 08/12/2023 - 15:48
    +1

    They also have a 70000 QFF points promo

  • theoscat on 08/12/2023 - 16:10

    does it mean I'll
    keep a total of $1000 in that account for two months
    then I'll get $500 JB GC, minus the $99 fee?

    " a debit balance for up to 2 months" - what does it mean though?

    • me1stt on 08/12/2023 - 16:28
      +1

      You can check the comments here: https://www.ozbargain.com.au/node/798039. Same type of offer.

      There will be interest accrued at a rate of 8.9% p.a.

      Debit balance means outstanding balance that you need to pay off.

    • spiderbite88 on 08/12/2023 - 17:04
      +1

      After reading the comments on the previous offer, this is not a credit card. It is a personal loan. You borrow $1000 and transfer it to another one of your other bank accounts. I am not sure how to best avoid the interest fees. Can I pay the $1000 back immediately?

      • Tiggrrrrr on 08/12/2023 - 19:08
        +3

        Pay back $999.
        Pay interest on $1.

  • overlook on 08/12/2023 - 16:19

    How does this work? Can I apply then pay of the account straight away?

    • me1stt on 08/12/2023 - 16:29
      +1

      Check the comments here: https://www.ozbargain.com.au/node/798039. Same type of offer.

      • Mokr on 08/12/2023 - 16:40
        +1

        Offer exclusions: This offer is only available once per customer.

        Does that mean you can get this bonus if you used the previous ones?

    • Tiggrrrrr on 08/12/2023 - 19:09
      +1

      maintain a debit balance for up to 2 months.

      • gungirlyuna on 17/12/2023 - 20:05

        Even if its just 1 cent

  • Jackass3D on 08/12/2023 - 21:45

    Do you have to keep the line of credit open for 5 years? Does it effect your credit rating and borrowing capacity?

  • prisonmike on 09/12/2023 - 08:13

    The $500 jb hifi deal makes sense as it attract lesser establishment fee of $99 + interest accrued on the balance you transfer.

  • videoman on 09/12/2023 - 13:45

    I thought NAB bought out citi's accounts in Australia?

    • timhn on 10/12/2023 - 11:09
      +1

      They did but it's business as usual until NAB decided what to do with each product. They have integrated Citibank's saving and transaction accounts to NAB recently.

  • a1234my on 13/12/2023 - 08:20

    Stuff up the form submission. Will they call back ? Or just automated?

    Can get the ff points and this jb deal stack?

  • The Hobo on 13/12/2023 - 17:00

    So take out $1000 loan, pay off $900 (just to be safe) - then hold for 2 months, receive $500GC and then pay off remaining $100?

    Should cost $99 establishment fee, plus ~$1.50 in interest over the two months for the $100?

    • spiderbite88 on 15/12/2023 - 11:21

      I am planning to pay off $999 and keep $1 for 2 months. Would I still be eligible for the JB voucher?

      • timhn on 15/12/2023 - 12:30
        +1

        People reported from previous deals that there is a minimum amount must repay each month. If your balance is below that limit then you are practically paid off the loan. So no bonus if paid off too early.

        • spiderbite88 on 15/12/2023 - 13:18

          Good to know thanks

        • spiderbite88 on 29/12/2023 - 15:14

          How do I actually pay it off? I've transfered $1000, now I am trying to transfer $900 back. I can't see an option to open a debit acount.

  • FPIFS on 13/12/2023 - 17:20

    Anyone else tried to sign up to the JB offer and then when you get to the part of requesting transfer amount the minimum you can request is $5000?

    • asc on 13/12/2023 - 17:25

      That's no good!! I thought 1000 is minimum.

    • me1stt on 13/12/2023 - 18:35

      Are you sure the $5000 is not minimum limit? I applied for the flybuys offer and $5000 was the minimum limit.

      I didn’t request the transfer during application tho.

  • asc on 13/12/2023 - 20:45

    5000 ready credit but 1000 BT. Works for me

    • spiderbite88 on 18/12/2023 - 12:21

      Is minimum $5000 or $1000? I would prefer take out $1000

  • a1234my on 19/12/2023 - 08:53

    Will this hurts credit score - how badly compare to creditcard?

    • timhn on 19/12/2023 - 09:44

      It's a loan so just like credit card check.

  • timhn on 21/12/2023 - 12:18
    +1

    This not so popular deal has extended to 24/01/2024

    • spiderbite88 on 30/12/2023 - 17:32

      I've made a $1000 balance transfer to a savings account with another bank. Is that eligible? Or must I transfer to a credit card account with another bank?

  • Jackass3D on 21/12/2023 - 18:44
    +1

    How do you pay it back to the account? BPAY?

    • asc on 21/12/2023 - 20:11

      Good question. As the monthly statement has not arrived, I managed to payback by transferring to existing citi transaction n transfer from this to lending account.

      • spiderbite88 on 30/12/2023 - 15:42

        Can you explain how you did this? I am trying to pay back before the first statement

    • Thenephilium on 22/12/2023 - 18:20

      I had the same question. I tried paying with Bpay, but the ref# could not be accepted. Did you find a way to pay prior to the first statement?

      • spiderbite88 on 30/12/2023 - 16:15

        The rep on the phone said to pay using BPAY with this biller code:
        Biller Code: 49528
        Account reference: (your account number)

        • Thenephilium on 04/01/2024 - 12:42

          Did that work for you? When I tried it didn't accept it?

          • spiderbite88 on 04/01/2024 - 12:57
            +1

            @Thenephilium: Yep took 3 days but yes funds arrived in the Citibank account

            • Thenephilium on 04/01/2024 - 14:14

              @spiderbite88: @spiderbite88 Thanks - I had assumed the credit card number was account number. The number listed in my Citi account worked however :)

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