Every so often, Citi may provide you the chance to produce a Citi Flex want to make fixed monthly premiums to pay off acquisitions or that loan against your card’s personal line of credit. There are 2 techniques to produce a Citi Flex Arrange. With Citi Flex Pay, you are able to purchase qualified deals under a Citi Flex Arrange. With Citi Flex Loan you can make use of your credit line to get into funds and pay for everyone funds under a Citi Flex Arrange.
A Citi Flex Loan is really a Citi Flex Arrange choice that enables you to definitely borrow cash from your own current Citi bank card account’s borrowing limit and repay it at a set apr, in fixed monthly premiums over a group extent. No application that is separate required.
Citi Flex Pay is just a Citi Flex Arrange choice which allows you to definitely just take an individual bank card purchase and pay it back over a group duration with fixed re payments and A apr that is fixed.
Yes, the Citi Flex Arrange quantity is dependant on the credit that is available your Citi charge card at that time you request your Citi Flex Arrange.
A Citi Flex Loan is paid back in fixed re payments, over a group extent. It has a fixed apr that lasts through to the Loan balance is paid in complete. On the other hand, a stability transfer typically comes with a marketing APR for a certain duration of the time and becomes element of your credit card balance that is revolving.
A Citi Flex Loan will not need a split application or credit bureau check. Funds are lent from your own Citi that is existing credit’s available personal line of credit. You should have one combined declaration and something minimal payment per month on your bank card account. A conventional individual installment loan is a different account and personal line of credit, and can typically need a software and credit bureau check.
Obtaining a Citi Flex Loan
- How can I know if i will be qualified to receive a Citi Flex Loan?
We might, from time and energy to time, give you the chance to get a Citi Flex Loan. You can view in cases where a Citi Flex Loan offer can be acquired for your requirements via your Citi on the web account. Citi Flex Loan provides might be presented on your own Account Overview web page or perhaps you may see available offers by picking the “Services/Credit Card solutions” option through the top menu club. You might additionally phone Citi customer support to always check for available provides.
First determine when you yourself have any available provides via Citi Online or phone Citi customer support. If therefore, choose your offer and select the payment per month choice that most readily useful matches your requirements. Your payment per month choices are according to your available payment terms and asked for loan amount (up in to the maximum amount open to you whenever you request your loan).
No, there’s no cost charged for requesting a Citi Flex Loan. Other account charges, such as for instance belated re payment costs, may nevertheless use.
The minimum amount you borrow with a Citi Flex Loan is $500. The utmost loan quantity it is possible to borrow via a Citi Flex Loan will be different predicated on your available borrowing limit, creditworthiness along with other facets during the time you request a Citi Flex Loan.
You can travel to the Citi Flex Plan reputation web Page or Citi Cellphone software to see the status of one’s Citi Flex Loan, your re re payment history while the balance that is remaining your Citi Flex Loan.
In the event that you choose direct deposit, more often than not your Citi Flex Loan funds must certanly be deposited into the banking account in 1-2 company times. If you opt to be given a check, you need to get a check payable for you within 10 days.
Citi Flex Loans aren’t entitled to make rewards points or money back.
Citi Flex Arrange Servicing
- So how exactly does a Citi Flex Loan show up on my statement?
Whenever we accept your request a Citi Flex Loan, your loan will show up as being A citi that is new flex on your own next declaration as a deal published on the declaration for the complete quantity of the mortgage. There is factual statements about your Citi Flex Loan, together with your initial and current stability ( at the time of the declaration closing date) and necessary payment due each payment period (your Citi Flex Plan re re Payment Amount), under “Citi Flex Plan details” in your declaration. The Citi Flex Arrange Payment Amount that you’re necessary to spend each payment period will show up on your declaration in the Minimum Payment Due.
The Citi Flex Arrange Payment Amount that you’re needed to spend each payment duration is roofed in your Minimum Payment Due, and it is due in the payment deadline disclosed in payday loans AR your declaration. For brand new Citi Flex Plans, very first Citi Flex Arrange Payment Amount will include major only, then from then on, the Citi Flex Plan Payment Amount should include interest fees from the Citi Flex Plan balance for the billing period plus a portion regarding the major quantity.
No. You need to make just one minimal payment each thirty days on your own account, including your Citi Flex Plan Payment Amount. But, you could elect to spend significantly more than the desired minimal Payment Due, and you may make payments that are additional your account whenever you want.
There’s absolutely no prepayment penalty to cover a Citi Flex Plan off balance early. You might spend your Citi Flex Plan off balance early at any time, nevertheless, re payments built in excess of the Minimum Payment Due are used first towards the stability on your own account using the greatest APR, then to your stability using the next highest APR, and so forth. Because of this, to be able to spend down your Citi Flex Plan balance in full, you need to produce payment that covers most of the following quantities: the Minimum Payment Due for the payment duration, the total quantity of any charge card balances with an APR greater than or add up to the APR for the Citi Flex Plan in addition to staying stability on your own Citi Flex Arrange.
Yes. When you’ve got a Citi Flex Loan or Citi Flex Pay on the account, you are able to nevertheless avoid repaying interest on purchases if you spend your Citi Flex Arrange Payment Amount as well as your declaration stability (perhaps not as well as your Citi Flex Arrange stability) in complete because of the repayment deadline shown in your declaration each payment duration. Keep in mind that your statement stability range from transfers of balance, when you have any.
ESSENTIAL NOTE. In the event the Citi Flex Arrange APR is more than the APR on another stability in your account, you are able to nevertheless avoid repaying interest on acquisitions by having to pay your Citi Flex Arrange Payment as well as your declaration stability ( perhaps perhaps not as well as your Citi Flex Arrange stability) in complete because of the re payment deadline. But, the quantity above your Minimum Payment Due will likely be placed on your Citi Flex Arrange stability before the other stability using the reduced APR. Because of this, in your following payment declaration, you could observe that area of the other stability nevertheless continues to be due, and you’ll need certainly to spend that quantity in the statement stability in order to avoid paying rates of interest on acquisitions into the billing period that is next.
Unless you first pay the Citi Flex Plan balance in full if you have a balance with a promotional APR that is lower than your Citi Flex Plan APR, such as a balance transfer, you cannot pay off that other balance. For instance, if you wish to spend down a stability transfer prior to the stability transfer marketing period expires, you can easily just do this in the event that you first spend your Citi Flex Plan balance in complete, then spend your stability transfer in complete, prior to the stability transfer marketing duration ends.
Citi is certainly not in charge of these products, solutions or facilities supplied and/or owned by other businesses.