Citibank Ready Credit, Anyone care to share?
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  Nov 4 2010, 08:57 PM, updated 15y ago
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#1
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Senior Member
522 posts Joined: Dec 2008 
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Citibank recently launched Citibank Ready Credit. A sort of revolving overdraft facility 'pay-as-you-use' concept. Very similar to OCBC Malaysia's offering a couple of years ago Powercredit. Anyone applied? What are the documents required? I find this very attractive as it is flexible unlike the usual personal loans where they start calculating upon drawdown of loan amount.
This post has been edited by rockefeller: Nov 4 2010, 09:12 PM |
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Nov 7 2010, 12:01 AM
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#2
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Senior Member
522 posts Joined: Dec 2008
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so, has anyone actually applied?
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Nov 16 2010, 10:36 PM
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#3
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Senior Member
522 posts Joined: Dec 2008
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anyone applied so far? what docs required? how's the limit determined?
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Dec 19 2010, 11:13 PM
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#4
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Senior Member
522 posts Joined: Dec 2008
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QUOTE(b00n @ Nov 23 2010, 12:45 AM) 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.  |
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