Every once in awhile, Citi can offer you the chance to create a Citi Flex want to make fixed monthly premiums to pay down purchases or that loan against your card’s line of credit. There’s two techniques to produce a Citi Flex Arrange. With Citi Flex Pay, you are able to pay money for qualified deals under a Citi Flex Arrange. With Citi Flex Loan you should use your credit line to get into funds and pay money for all funds under a Citi Flex Arrange.
A Citi Flex Loan is really a Citi Flex online payday loans New York Arrange choice which allows you to definitely borrow funds from your own current Citi credit card account’s credit limit and repay it at A apr that is fixed in fixed monthly premiums over a collection extent. No split application is required.
Citi Flex Pay is just a Citi Flex Arrange choice that enables you to definitely just just take a person bank card purchase and pay it back over a group extent with fixed re re payments and A apr that is fixed.
Yes, the Citi Flex Plan quantity is founded on the credit that is available your Citi charge card during the time you request your Citi Flex Arrange.
A Citi Flex Loan is paid back in fixed re re re payments, over a collection extent. It’ll have A apr that is fixed lasts before the Loan balance is compensated in full. In comparison, a stability transfer typically features a marketing APR for the certain duration of the time and becomes section of your credit card revolving stability.
A Citi Flex Loan will not need a split application or credit bureau check. Funds are lent from your own current Citi bank card’s available personal line of credit. You should have one combined declaration and something minimal payment per month on your bank card account. A normal individual installment loan is a different account and line of credit, and certainly will typically need a software and credit bureau check.
Getting a Citi Flex Loan
- Just how do I determine if i will be entitled to a Citi Flex Loan?
We may, from time and energy to time, give you the chance to get a Citi Flex Loan. You can observe in cases where a Citi Flex Loan offer can be obtained for you via your Citi on the web account. Citi Flex Loan offers might be presented in your Account Overview page or perhaps you may view available provides by choosing the “Services/Credit Card solutions” option through the top menu club. You might additionally call Citi customer support to test for available provides.
First determine when you have any available provides via Citi Online or call Citi customer support. If therefore, choose your offer and select the payment per month choice that most useful 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 accessible to you whenever you request your loan).
No, there is absolutely no charge charged for requesting a Citi Flex Loan. Other account costs, such as for instance belated re re payment charges, may nevertheless use.
The minimum amount you borrow via a Citi Flex Loan is $500. The most loan quantity you can easily borrow with a Citi Flex Loan vary centered on your credit that is available limit creditworthiness along with other facets during the time you request a Citi Flex Loan.
You can travel to the Citi Flex Arrange reputation web web Page or Citi Cellphone software to see the status of one’s Citi Flex Loan, your re re re payment history additionally the staying stability on your Citi Flex Loan.
In the event that you choose direct deposit, in most cases your Citi Flex Loan funds should always be deposited into the banking account in 1-2 company days. If you opt to be given a check, you ought to get a check payable for you within 10 times.
Citi Flex Loans are not entitled to make benefits points or cash return.
Citi Flex Arrange Servicing
- How can a Citi Flex Loan show up on my declaration?
Whenever we accept your ask for a Citi Flex Loan, your loan can look as A citi that is new flex on your own next declaration as being a deal published on your own declaration for the complete quantity of the mortgage. You’ll find information about your Citi Flex Loan, together with your initial and present balance ( at the time 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 statement. The Citi Flex Arrange Payment Amount that you’re expected to spend each payment duration shall show up on your statement in your Minimum Payment Due.
The Citi Flex Plan Payment Amount that you will be necessary to spend each payment duration is roofed in your Minimum Payment Due, and it is due from the re re payment date that is due on the declaration. For new Citi Flex Plans, very first Citi Flex Arrange Payment Amount will contain major only, then after that, the Citi Flex Arrange Payment Amount should include interest costs from the Citi Flex Plan balance for the billing period along with a portion for the amount that is principal.
No. You have to make only 1 minimal payment each thirty days in your account, which include your Citi Flex Arrange Payment Amount. But, you might decide to spend significantly more than the necessary minimal Payment Due, and you may make payments that are additional your bank 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, nonetheless, re payments manufactured in more than the Minimum Payment Due is likely to be used first to your stability on your own account aided by the highest APR, then to your stability utilizing the next highest APR, an such like. Because of this, so that you can spend your Citi Flex Plan off balance in complete, you need to produce re re payment that covers all the following quantities: the Minimum Payment Due for the payment duration, the entire number of any credit card balances with an APR greater than or add up to the APR for the Citi Flex Plan as well as the staying stability in your Citi Flex Arrange.
Yes. If you have a Citi Flex Loan or Citi Flex Pay on your own account, you are able to nevertheless avoid paying rates of interest on acquisitions in the event that you spend your Citi Flex Arrange Payment Amount as well as your declaration stability (perhaps not together with your Citi Flex Arrange stability) in full because of the repayment deadline shown in your declaration each payment period. Observe that your declaration balance range from transfers of balance, when you have any.
ESSENTIAL NOTE. In case your Citi Flex Arrange APR is greater than the APR on another stability on the account, it is possible to nevertheless avoid repaying interest on acquisitions by spending your Citi Flex Arrange Payment along with your declaration stability ( perhaps not together with your Citi Flex Arrange stability) in complete because of the re re payment deadline. Nonetheless, the quantity above your Minimum Payment Due is likely to be put on your Citi Flex Arrange balance before the other stability with all the reduced APR. As a result, in your following billing declaration, you could note that part of the other stability nevertheless stays due, and you’ll need to spend that quantity in the declaration stability in order to prevent paying rates of interest on acquisitions when you look at the next billing duration.
When you have a stability by having a marketing APR that is less than your Citi Flex Arrange APR, such as for instance a stability transfer, you can’t pay back that other balance until you first spend the Citi Flex Plan balance in complete. For instance, if you intend to pay down a stability transfer ahead of the stability transfer marketing duration expires, you are able to only 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 promotional duration ends.
Important Info
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