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

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

Every so often, Citi may provide you the chance to develop a Citi Flex intend to make fixed spendments which are month-to-month pay down acquisitions or that loan against your card’s personal line of credit. There are 2 methods 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 need to use your credit line to gain access to funds and pay money for those of you funds under a Citi Flex Arrange.

A Citi Flex Loan is just a Citi Flex Arrange choice that enables you to definitely borrow funds from your own current Citi bank card account’s borrowing limit and repay it at a hard and fast apr, in fixed monthly premiums over a collection length. No application that is separate required.

Citi Flex Pay is a Citi Flex Plan choice that enables you to definitely just just just take a person charge card purchase and pay it back over a collection length with fixed re payments and A apr that is fixed.

Yes, the Citi Flex Arrange quantity is founded on the available credit on your Citi bank card at the time you request your Citi Flex Arrange.

A Citi Flex Loan is paid back in fixed re payments, over a collection length. It has A apr that is fixed lasts before the Loan balance is compensated in complete. On the other hand, a stability transfer typically features a marketing APR for the certain duration of the time and becomes section of your credit card balance that is revolving.

A Citi Flex Loan doesn’t demand a split application or credit bureau check. Funds are borrowed from your own current Citi charge card’s available personal line of credit. You’ll have one combined declaration plus one minimal payment per month on your bank card account. A normal individual installment loan is a separate account and personal line of credit, and will typically need a credit card applicatoin and credit bureau check.

Getting a Citi Flex Loan

  • How do you determine if i will be qualified to receive a Citi Flex Loan?

We may, from time and energy to time, provide you with the chance to obtain a Citi Flex Loan. You can view if your Citi Flex Loan offer is present for your requirements via your Citi on line account. Citi Flex Loan provides might be presented on the Account Overview web page or perhaps you may see available provides by choosing the “Services/Credit Card solutions” option through the top menu club. You may additionally phone Citi customer support to check always for available offers.

First check to see for those who have any available offers 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 preferences. Your payment per month choices are considering your available payment terms and asked for loan amount (up in to the optimum amount open to you once 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 re payment charges, may still use.

The minimum amount you borrow via a Citi Flex Loan is $500. The utmost loan quantity you can easily borrow via a Citi Flex Loan will change centered on your credit that is available limit creditworthiness along with other facets at that time you request a Citi Flex Loan.

You can travel to the Citi Flex Arrange Status web web web Page or Citi mobile phone application to see the status of one’s Citi Flex Loan, your re payment history in addition to balance that is remaining your Citi Flex Loan.

In the event that you choose direct deposit, generally in most cases your Citi Flex Loan funds must be deposited into the banking account in 1-2 company times. Within 10 days if you choose to receive a check, you should receive a check payable to you.

Citi Flex Loans aren’t qualified to make benefits points or money back.

Citi Flex Plan Servicing

When we accept your request a Citi Flex Loan, your loan will be being a brand new citi flex plan on your own next statement as a deal published on your own declaration when it comes to complete number of the mortgage. You’ll find facts about your Citi Flex Loan, together with your initial and balance that is current at the time of the declaration closing date) and needed payment due each payment period (your Citi Flex Plan re re re Payment Amount), under “Citi Flex Arrange details” on your own declaration. The Citi Flex Arrange Payment Amount that you’re expected to pay each payment duration shall show up on your declaration in your Minimum Payment Due.

The Citi Flex Arrange Payment Amount that you’re expected to spend each payment duration is roofed in your Minimum Payment Due, and it is due from the payment date that is due in your declaration. For new Citi Flex Plans, very first Citi Flex Arrange Payment Amount will include major only, then from then on, the Citi Flex Arrange Payment Amount includes interest costs from the Citi Flex Plan balance for that billing period plus a portion of this major quantity.

No. You need to make only 1 payment that is minimum thirty days in your account, which include your Citi Flex Arrange Payment Amount. But, you may possibly elect to spend a lot more than the desired minimal Payment Due, and you may make extra repayments on your account whenever you want.

There is absolutely no prepayment penalty to cover a Citi Flex Plan off balance early. You could spend your Citi Flex Plan off balance early whenever you want, nevertheless, payments produced in more than the Minimum Payment Due is used first towards the stability on your own account utilizing the greatest APR, then to your stability utilizing the next highest APR, an such like. Because of this, to be able to spend your Citi Flex Plan off balance in complete, you have to produce a re payment that covers every one of the following quantities: the Minimum Payment Due for the payment period, the entire level of any bank card balances with an APR greater than or corresponding to the APR for the Citi Flex Arrange in addition to staying stability on the 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. Keep in mind that your declaration stability may include transfers of balance, when you have any.

SIGNIFICANT NOTE. In case 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 statement stability ( maybe not together with your Citi Flex Arrange stability) in full by the re re payment date that is due. Nevertheless, the quantity above your Minimum Payment Due is going to be placed on your Citi Flex Plan stability before the other stability using the reduced APR. Because of this, in your following payment declaration, you could observe that part of the other stability still continues to be due, and you may need to spend that quantity in your declaration stability in order to avoid repaying interest on acquisitions into the next payment duration.

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 intend to spend down a stability transfer prior to the stability transfer marketing duration expires, you’ll just achieve this in the event that you first spend your Citi Flex Plan balance in complete, then spend your stability transfer in complete, ahead of the balance transfer marketing duration ends.

Important Info

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Citi just isn’t in charge of the merchandise, solutions or facilities supplied and/or owned by other businesses.

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