When we accept your ask for a Citi Flex Loan

When we accept your ask for a Citi Flex Loan

Your loan will show up as A citi that is new flex on your own next declaration as being a deal published on your own statement for the complete number of the mortgage. You’ll find factual statements about your Citi Flex Loan, as well as your initial and balance that is current at the time of the declaration closing date) and necessary payment due each payment period (your Citi Flex Plan re Payment Amount), under «Citi Flex Arrange details» on your own declaration. The Citi Flex Arrange Payment Amount that you will be expected to spend each payment duration shall show up on your declaration in the Minimum Payment Due.

The Citi Flex Arrange Payment Amount that you will be necessary to spend each payment duration is roofed in your Minimum Payment Due, and it is due regarding the re re payment date that is due in your declaration. For brand 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 should include interest fees in the Citi Flex Plan balance for the billing period along with a portion regarding the major quantity.

No. You need to make only one payment that is minimum thirty days on your own account, including your Citi Flex Arrange Payment Amount. Nonetheless, you could elect to spend significantly more than the desired minimal Payment Due, and you may make extra repayments on 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 down your Citi Flex Plan balance early whenever you want, but, payments built in more than the Minimum Payment Due is likely to be used first to your stability on the account utilizing the greatest APR, then towards the stability with all the next highest APR, and so forth. Because of this, to be able to spend your Citi Flex Plan off balance in complete, you have to create re re payment that covers all the following quantities: the Minimum Payment Due for that payment duration, the entire quantity of any charge card balances with an APR greater than or add up to the APR for the Citi Flex Arrange and also the remaining stability in your Citi Flex Arrange.

Yes. When you’ve got a Citi Flex Loan or Citi Flex Pay on your own account, you are able to still 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 as well as your Citi Flex Arrange stability) in complete because of the repayment deadline shown on your own declaration each payment duration. Observe that your statement stability may include transfers of balance, when you yourself have any.

SIGNIFICANT NOTE. If for example the Citi Flex Arrange APR is more than the APR on another balance on your own account, you can easily nevertheless avoid paying rates of interest on acquisitions if you are paying your Citi Flex Arrange Payment along with your statement stability ( perhaps maybe maybe not as well as your Citi Flex Arrange stability) in complete because of the re re re payment deadline. Nonetheless, the total amount above your https://speedyloan.net/title-loans-ri Minimum Payment Due is going to be put on your Citi Flex Arrange stability before the other stability using the reduced APR. Because of this, in your following payment declaration, you could observe that area of the other stability nevertheless stays due, and you’ll need certainly to spend that amount in the declaration stability in order to avoid repaying interest on acquisitions when you look at the billing period that is next.

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 a balance transfer off ahead of the stability transfer marketing duration expires, you can easily just do 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 stability transfer marketing duration ends.

Important Info

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