Citi Flex Loan Access money from your own Citi card’s current line of credit.

Every so often, Citi can offer you the chance to develop a Citi Flex want to make fixed spendments which are monthly pay off acquisitions or financing against your card’s personal line of credit. There are 2 how to develop a Citi Flex Arrange. With Citi Flex Pay, you can easily purchase eligible transactions under a Citi Flex Arrange. With Citi Flex Loan you need to use your credit line to get into funds and pay money for everyone funds under a Citi Flex Arrange.

A Citi Flex Loan is a Citi Flex Arrange choice that enables one to borrow funds from your own current Citi charge card account’s borrowing limit and repay it at a hard and fast apr, in fixed monthly premiums over a group period. No split application is required.

Citi Flex Pay is a Citi Flex Arrange choice which allows one to simply simply just take a person charge card purchase and pay it back over a collection extent with fixed re payments and a set apr.

Yes, the Citi Flex Arrange amount is dependent 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 payments, over a collection timeframe. It has A apr that is fixed lasts through to the Loan balance is compensated in complete. On the other hand, a balance 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 separate application or credit bureau check. Funds are lent from your own Citi that is existing credit’s available line of credit. You should have one combined declaration and something minimal payment that is monthly your charge card account. A normal individual installment loan is a split account and personal line of credit, and can typically need a software and credit bureau check.

Obtaining a Citi Flex Loan

  • Just how do I understand if i will be qualified to receive a Citi Flex Loan?

We may, from time for you to time, give you the chance to obtain a Citi Flex Loan. You can observe in case 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 view available offers by choosing the “Services/Credit Card solutions” option through the top menu club. You might additionally phone Citi customer care to test for available provides.

First determine when you have any available provides via Citi Online or phone Citi customer support. If therefore, choose your offer and select the payment choice that best suits your requirements. Your payment per month choices are according to your available payment terms and asked for loan amount (up to the optimum amount open to you whenever you request your loan).

No, there is absolutely no cost charged for requesting a Citi Flex Loan. Other account costs, such as for instance belated re re payment costs, may nevertheless use.

The minimum amount you borrow using a Citi Flex Loan is $500. The utmost loan quantity it is possible to borrow using a Citi Flex Loan will be different predicated on your available borrowing limit, creditworthiness along with other facets at that time you request a Citi Flex Loan.

You can travel to the Citi Flex Arrange reputation web Page or Citi mobile phone application to look at the status of the Citi Flex Loan, your re payment history as well as the staying stability on your Citi Flex Loan.

In the event that you choose direct deposit, more often than not your Citi Flex Loan funds ought to be deposited into the banking account in 1-2 company days. If you opt to be given a check, you need to be given a check payable for you within 10 days.

Citi Flex Loans aren’t entitled to make rewards points or cash return.

Citi Flex Arrange Servicing

  • How can a Citi Flex Loan appear on my statement?

Whenever we accept your request a Citi Flex Loan, your loan will be as A citi that is new flex on your own next declaration as being a deal published in your declaration when it comes to complete level of the mortgage. You’ll find information regarding your Citi Flex Loan, together with your initial and present stability ( as of the declaration closing date) and needed payment due each payment period (your Citi Flex Plan re re Payment Amount), under “Citi Flex Arrange details” on your own declaration. The Citi Flex Arrange Payment Amount that you will be expected to spend each payment duration shall show up on your declaration in the Minimum Payment Due.

The Citi Flex Plan Payment Amount that you will be needed to spend each payment duration is roofed in your Minimum Payment Due, and it is due from the re payment date that is due on your own declaration. For brand new Citi Flex Plans, your first Citi Flex Arrange Payment Amount will include major only, then from then on, the Citi Flex Plan Payment Amount should include interest fees in the Citi Flex Plan balance for that billing period and also a portion for the amount that is principal.

No. You need to make only 1 minimal payment each thirty days in your account, including your Citi Flex Arrange Payment Amount. Nevertheless, you may possibly elect to spend significantly more than the desired minimal Payment Due, and you may make extra repayments on your account whenever you want.

There’s absolutely no prepayment penalty to cover a Citi Flex Plan off balance early. You may possibly spend your Citi Flex Plan off balance early whenever you want, nevertheless, re payments built in more than the Minimum Payment Due may be used first towards the balance in your account aided by the greatest APR, then to your stability because of the next highest APR, and so forth. Because of this, to be able to spend your Citi Flex Plan off balance in complete, you need to produce re re payment that covers most of the following quantities: the Minimum Payment Due for the payment duration, the total level of any bank card balances with an APR greater than or corresponding to the APR for the Citi Flex Arrange plus the staying stability on your own Citi Flex Arrange.

Yes. You can still avoid paying interest on purchases if you pay your Citi Flex Plan Payment Amount plus your statement balance (not including your Citi Flex Plan balance) in full by the payment due date shown on your statement each billing period when you have a Citi Flex Loan or Citi Flex Pay on your account. Observe that your declaration stability include balance transfers, when you yourself have any.

SIGNIFICANT NOTE. Should your Citi Flex Arrange APR is more than the APR on another stability on your own account, you are able to nevertheless avoid paying rates of interest on purchases by spending your Citi Flex Arrange Payment along with your declaration stability ( maybe not as well as your Citi Flex Arrange stability) in complete by the re re payment deadline. Nevertheless, the quantity above your Minimum Payment Due will likely to be put on your Citi Flex Arrange stability before the other stability using the reduced APR. Because of this, in your following payment declaration, you might observe that area of the other stability nevertheless continues to be due, and you may need to pay that quantity in your declaration stability in order to prevent paying rates of interest on acquisitions within the billing period that is next.

When you have a balance by having a marketing APR that is less than your influential link Citi Flex Arrange APR, such as for example a stability transfer, you can’t pay back that other stability if you don’t first spend the Citi Flex Plan balance in complete. For instance, if you wish to spend a balance transfer off prior to the stability transfer marketing duration expires, you can easily just do this in the event that you first spend your Citi Flex Plan balance in complete, then pay your stability transfer in full, prior to the stability transfer marketing duration ends.

Important Info

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