Make use of Citi Flex Loan to take back money against your borrowing limit

Citi allows select cardholders just just simply take out that loan against their bank card at a rate that is fixed

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Citi Flex Loans enable qualified cardholders to free up some dough against their borrowing limit and pay it back at a set price. Here’s what you should understand.

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In the event your charge card APR is high and you’re reluctant to carry a stability, a Citi Flex Loan may be a good choice for making fixed payments – particularly if you can get a reduced interest rate. Continue reading for more information about how these loans work.

What exactly is a Citi Flex Loan?

Citi Flex Loans are an original providing from Citi, enabling credit cardholders to simply just take a loan out with a hard and fast APR as much as the total amount of their borrowing limit. Plus, there’s absolutely no origination cost, and you will pick from a few payment term lengths. Cardholders must certanly be targeted for example among these loans, however they can realize your desire to select their loan quantity and re payment schedule according to their immediate requirements.

If you should be a Citi cardholder having a large purchase to make or unforeseen costs to repay, a Citi Flex Loan may be a terrific way to leverage your overall line of credit and spend over time. Flex loans don’t need an additional application or difficult pull to your credit and may be more available than a regular personal bank loan.

Suggestion: Citi recently announced a Citi Flex Pay partnership with Amazon, that will enable cardholders to settle large purchases that are amazon time employing their Citi card and possibly save very well interest. Eligible cardholders can decide between various equal payment per month plans and marketing APRs in line with the measurements of their purchase.

What sort of Citi Flex Loan works? To score a Citi Flex Loan, you need to first get an offer for the solution from Citi.

You may see a banner marketing that loan once you log on to your Citi account, or perhaps you could easily get an email marketing an offer tailored to you personally.

When you haven’t received a targeted offer for the Citi Flex Loan, it is possible to sign in here to test for just about any available provides. Regrettably, not all cardholder shall meet the requirements.

Then you can begin to customize your loan terms if you do find an offer – and the APR works for you. Citi cardholders can pick that loan quantity with no less than $500 and no more than their borrowing limit Citi that is(unless has another optimum amount predicated on creditworthiness). You could pick your payment term, from 12 months to 60 months. Citi offers you your payment predicated on the terms you input.

Just because a Citi Flex Loan is related to your bank card, making your payments that are monthly extremely simple. The re re payment quantity only will be included with your minimal card repayment each thirty days.

Nevertheless, the tie between flex loans and card payments does come with a few drawbacks. For example, if you’d love to reduce several of your loan early, you will definitely first need certainly to spend from the balance on your own card for the thirty days.

It is because Citi re re payments made on a merchant account with both a declaration stability and an ongoing flex plan are addressed by having a highest-apr-first priority. So, presuming the APR on your flex loan is gloomier compared to the APR on the card stability, your repayments are first put on the card stability then to your flex loan. What this means is cardholders looking to spend down their loan early will need to give consideration to other card financial obligation they have been holding.

Suggestion: Whether or not your Citi Flex Arrange APR is greater than your card’s APR, you’ll nevertheless avoid interest on your own card stability by spending your declaration stability in full. As it has a higher APR), Citi still treats the payment as if you paid your full card balance though it is true your payment will be first applied to the flex loan.

Keep in mind that your particular next declaration might show that you will be holding a stability in your card, as your re re payment had been put on the mortgage rather. Nonetheless, you won’t be charged interest just like you are holding a balance provided that the re payment to your greatest APR fits your overall declaration stability.

Citi cardholders must also observe that dealing with a Citi Flex Loan against their borrowing limit will reduce just how much they can placed on that particular card in a pinch.

Should you take a Citi Flex Loan?

Since Citi Flex Loans could be offered relating to your borrowing limit, there isn’t a difficult pull linked utilizing the loan.

nonetheless, you really need to very very carefully start thinking about advantages and disadvantages of taking right out a Citi Flex Loan against taking out fully a personal bank loan if you’ve got a sizable cost coming.


  • Quick access to that loan as much as your borrowing limit
  • There’s absolutely no credit check needed
  • It is possible to get a lowered APR than your bank card
  • No origination cost as with a normal loan that is personal


  • APRs is more than standard signature loans
  • Should be targeted for an offer ( not open to all cardholders)
  • Cuts back your available credit
  • Can adversely impact your credit utilization ratio

Relating to Bankrate, personal bank loan prices typically range between 6 to 26 per cent based on your credit rating.

Therefore, in the event that you opt for a more traditional personal loan if you have top-notch credit, it is possible you can land a better interest rate. Though you’ll most likely pay an origination cost and suffer a difficult pull to your credit, an individual loan might help save you more over time.


While Citi Flex Loans usually carry a greater APR when compared to a unsecured loan, they feature great satisfaction to Citi cardholders whom require funds in a pinch. You are able to leverage your present borrowing limit to simply just take a loan out without a tough pull to your credit and spend it down in fixed quantities as you spend your bank card bill.

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