So this card no need to pay Rm50 GST ?

Theoretically it's not a credit card, so not need the RM50 GST.
It's an overdraft with card's facility. At least that's how they are going to sell it. That is why interest starts from day 1 you used the money either via check, ATM or swiping.

0.05% daily = 18.25% pa daily rest.
this is purely like cc cash advance rate. not even close to overdraft which base on BLR.

skip.

IMO, it'll attract ppl whom are credit hungry and in need of quick cash. Maybe that's why they put the interest so high, because its very high risk product and I foresee a higher default rate even higher than personal loan which cuerrently the industry is runnning at a higher default rate compared to credit cards

that's hardly surprising considering it's clean credit facility.

I've applied 'ONLY' for the Citibank mastercard (cash rebate) as they got special deal on smartphone maxis. Suprisingly when approved they offer me another Visa card and also the ready credit which i didn't requested for . And for the ready credit the charge is expensive. Better to apply for personal loan as the interest is much more lower.

worse still, early termination before 12month will subject to termination fee of RM200, which will not be stated by their call person.
I consented to it without knowing that, when thought of make no use and decide to call for cancellation...
now waiting for the due time before i request for cancel again....

I am the victim also, never call me ask wanna accept the offer or not.
Give me 4.1k limit only...useless...and high interest...
beware of this...I will cut off the card once i receive and wait for due date then terminate it.

Ya, once activate u need to hold at least 1 year

They sent invitation asking to activate. Some more got RM5 activation fees

mine reached 1yr, and already called to made termination

Thanks for reminding, just checked, mine also more than 1 year, so can terminate. Please confirm no charges when you get your final statement etc. But I also wonder, since it have no annual fee/tax, why not keep just for emergency...?

because with this , it may affect your credit rating when you apply another credit card , housing loan, etc i guess

I'm an ex citibanker. Definitely the interest is higher than credit card, mostly likely 19% per annum.

thank......but the officer told me only 6%+/ over the phone

That's flat rate, but possible up to 19% if is effective rate. Anyhow, need my friend from Citibank to contact you for further info?

Hi, but this is "overdraft" right?
I received an offered email from citibank sales officer, I am confused.

Loan Amount : RM 10000
Interest rate : 6.56 % flat rate p.a
Tenor : Min ½ years / Max 3 years
Monthly : Min RM 331.67

Why look like Personal Loan instead of overdraft?
Do I need to paid every month?

By the way, this amount not satisfy me.

Dats not a gd deal....I know some 1 got 100k offer at 3.88%

Which one?

Actually I'm prefer overdraft instead of PL cos just need some money for short terms turnover.

I'm interest Citibank Ready Credit no need collateral but bank overdraft do, also provide 1 to 1 amount only, useless.

It's a personal loan, just rebrand to get attention

Just received call from Citibank, Ready Credit card will be discontinued from June 2018. Existing csrds will be replaced by Citibank Cash Back credit card.