Bankrate follows a strict editorial policy, so you can trust that our content is honest and accurate. Once you’ve completed the process, you can receive your funds via direct deposit in as little as 1-2 business days or request a paper check, which may take up to 10 business days to receive. You may decide how much you need to borrow and settle on a fixed monthly payment and fixed interest rate that lasts for the life of the loan without completing a separate application or credit check. You can customize these terms during the loan process. Citi Flex Plan offers are made available at Citi’s discretion. pay history with citi was and is great, its to bad they are so broke the good customers get bashed. Read this for help picking your first card and find out what to expect when you apply. Bankrate, LLC NMLS ID# 1427381 | NMLS Consumer Access Citi Flex Plan offers are made available at Citi's discretion. Home equity loans and home equity lines of credit (HELOCs) can also work well if you have considerable home equity you can borrow against. You have money questions. Citi Flex Loans are types of Citi Flex Plans, along with Citi Flex Pay. Discover one of Citi's best cash back rewards cards designed exclusively for Costco members. Responses have not been reviewed, approved or otherwise endorsed by bank advertisers. Hi All, I received a Notification from Citi about my AA Advantage card, effective August 8th, I will have the option to use their "Flex Plan" . So if you have plans to get ahead, you’ll need to pay off any outstanding credit card balances (assuming they carry higher APRs) before you can make additional payments on the Citi Flex Pay balance. There are other drawbacks to using either of the Citi Flex Plans too, like impeding payments of balances at 0% rates. Instead, your new loan payment will simply be added to the required credit card payment you have to make each month. We value your trust. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Passive income ideas to help you make money, Best age for Social Security retirement benefits, Home equity loans and home equity lines of credit (HELOCs), Is an interest-only mortgage a good idea? See More Details & Reviews About TheCiti® Double Cash Card – 18 month BT offer Call us at 1-866-670-6730 (TTY 1-800-926-5818) to speak with our Payment Assistance Team about convenient payment solutions. While the Citi Flex Plans can help if you’re in a bind, you should still take a look at a few different options that could be less expensive. He says it's a good deal, so I'm hoping someone one on here is familiar with this, and can answer a few questions. Now, Citi cardholders have the option of accessing both more readily through Citi Flex Loans. With Citi Flex Loan, you can take out a loan on your eligible Citi card’s credit line at a fixed interest rate. Credit Card Insider receives compensation from some credit card issuers as advertisers. The main issue is the difficulty of obtaining a loan with CitiBank. A security deposit is required. Both offer competitive interest rates since you’re using the value of your home as collateral, and may let you borrow up to 85 percent of your total property value. However, they’ll increase your monthly payment and the amount of credit you’ll be using. Show More The standard variable APR for Citi Flex Plan is 13.49% – 23.49%, based on your creditworthiness. Bankrate.com is an independent, advertising-supported publisher and comparison service. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. Regardless of the associated earning credit card, the minimum transfer amount is 1,000 ThankYou Points, and transfers are made in increments of 1,000 points. Like the Flex Loan, there are no fees associated other than the interest that will accrue at a fixed APR. More Highlights The standard variable APR for Citi Flex Plan is 15.99% – 24.99%, based on your creditworthiness. The standard variable APR for Citi Flex Plan is 13.99% - 23.99%, based on your creditworthiness. The standard variable APR for Citi Flex Plan is 15.99% - 24.99%, based on your creditworthiness. Cash advances typically require an upfront fee (normally 5 percent of the advance amount), and the money you borrow will begin accruing interest at a higher variable rate from day one with no grace period. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. But this compensation does not influence the information we publish, or the reviews that you see on this site. You’re already in the Citi system and approved for a line of credit, so you won’t have to go through a lengthy process or fill out a full loan application to get started. The content on this page is accurate as of the posting date; however, some of the offers mentioned may have expired. Bankrate.com is an independent, advertising-supported publisher and comparison service. Citi will occasionally review your credit card account and determine if you’re eligible for its Flex Plans: Citi Flex Loan or Citi Flex Pay. Citi Flex Plan offers are made available at Citi’s discretion. That’ll increase your monthly payment by $94, bringing your total monthly payment to $109. Citi Flex Plan offers are made available at Citi… There are no fees associated with Flex Loans or Flex Pay, aside from what interest the balances accrue over time. Therefore, this compensation may impact how, where and in what order products appear within listing categories. But you should avoid them otherwise, because you’ll end up paying more than you normally would and could hurt your credit temporarily due to increased utilization. Our editorial team receives no direct compensation from advertisers, and our content is thoroughly fact-checked to ensure accuracy. We are an independent, advertising-supported comparison service. When you click on any ‘Apply Now’ button, the most up-to-date terms and conditions, rates, and fee information will be presented by the issuer. You don’t earn credit card rewards, including cash back or rewards points, on Citi Flex Loans. Read our review on Citi Rewards+℠ Card The standard variable APR for Citi Flex Plan is 13.49% - 23.49%, based on your creditworthiness. The Citi ® Double Cash Card – 18 month BT offer ( Review ) is a general cash back rewards card , offering one flat rate for every purchase you make. Chase provides similar programs: My Chase Plan and My Chase Loan. Like a personal line of credit, a flex loan lets you borrow money, repay some or all of your balance, and then borrow again up to your credit limit. The standard variable APR for Citi Flex Plan is 15.99% - 24.99%, based on your creditworthiness. For Citi Flex Pay, you can choose a single credit card purchase, and then pay it down over a set duration of your choosing. Tip: Even if your Citi Flex Plan APR is higher than your card’s APR, you can still avoid interest on your card balance by paying your statement balance in full. She is also the creator of The 7 Minute Workout, The Fastest Way to Shred Fat and Change Your Body Shape for Good, available from Amazon. We maintain a firewall between our advertisers and our editorial team. If you’ve made $100 in purchases during the prior billing statement, you may be responsible for a minimum payment of $15, for example. 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