Nevertheless, it gives you Citi mastercard subscribers the ability to have best power over at the very least a percentage of these exceptional charge card balance.
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Appreciate you’ve provided your experience with the Citi Flex Loan. Ideally, it helps with people who happen to be looking at this newer financing product.
That flex financing try at the mercy of the apr hierarchy. Definition, any time you already have a diminished apr balance move on that cards, and you also need a flex financing throughout the continuing to be offered balance, whatever within the minimum costs (your latest flex financing installment, in addition to the minimum about balance move) goes toward the flex financing.
When your balances move is actually for eighteen months, plus flex loan is actually for 36months, and you create a lot more than the minimum repayments, believing that you’ll have paid back that exchange times, you’ll be in for a rude awakening when the period is actually up. You will simply be able to generate minimal payments towards they until that flex financing try paid in complete.
Most educational article; many thanks so much!
Be careful because of the small print on these “loans” these are typically yet another stability exchange. They may not be a loan in the same manner that your payment is the identical monthly, plus they don’t determine anything you might curently have on your own profile. These include just another form of an equilibrium exchange.
We thought that they certainly were managed like an independent organization, and anything you got or spent on your credit might possibly be treated just as if the “loan” was not here. They even-set within the website to program the “Flex financing” as an independent area.