Work with a Citi Flex Loan to take back money against your borrowing limit

Work with a Citi Flex Loan to take back money against your borrowing limit

Citi allows select cardholders simply simply just take down that loan against their charge card at a fixed price

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

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If the charge card APR is high and you’re reluctant to carry a stability, a Citi Flex Loan could be a great selection for making fixed payments – particularly if you can score a decreased rate of interest. Continue reading for more information about how these loans work.

What’s a Citi Flex Loan?

Citi Flex Loans are a distinctive providing from Citi, enabling credit cardholders to just simply just take down that loan with a hard and fast APR as much as the total amount of their borrowing limit. Plus, there’s absolutely no origination charge, and you will pick from a few payment term lengths. Cardholders should be targeted for example of those loans, nevertheless they can realize your desire to decide on their loan quantity and re re payment timeline according to their needs that are immediate.

If you should be a Citi cardholder by having a purchase that is large make or unanticipated costs to repay, a Citi Flex Loan could be a powerful way to leverage your line of credit and spend over time. Flex loans don’t need an additional application or hard pull to your credit and may become more available than a typical unsecured loan.

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

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

You might notice a marketing marketing that loan whenever you get on your Citi account, or perhaps you could easily get a message advertising an offer tailored for you.

You can log in here to check for any available offers if you haven’t received a targeted offer for a Citi Flex Loan. Unfortuitously, don’t assume 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 choose that loan quantity with at the least $500 and no more than their borrowing limit (unless Citi has individualized another optimum amount centered on creditworthiness). It is possible to choose your payment term, from one year to 60 months. Citi provides you with your payment per month considering the terms you input.

Must be 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 card that is minimum payment month.

Nevertheless, the tie between flex loans and card payments does come with a few downsides. As an example, if you’d choose to reduce a few of your loan early, you will definitely first need to pay from the stability on the card for the thirty days.

The reason being Citi re payments made on a free account with both a declaration stability plus an ongoing flex plan are addressed having a highest-apr-first concern. Therefore, presuming the APR on your own flex loan is gloomier compared to the APR on your own card stability, your instalments are first put on the card stability after which into the flex loan. What this means is cardholders looking to spend down their loan early will have to start thinking about virtually any card financial obligation these are typically holding.

Suggestion: No matter if your Citi Flex Arrange APR is greater than your card’s APR, you’ll nevertheless avoid interest in your card balance by having to pay your declaration stability in complete. 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.

Remember that your particular next declaration might show that you will be holding a stability on the card, as your re payment had been put on the mortgage alternatively. Nonetheless, you won’t be charged interest just like you are holding a balance provided that the re re payment towards the APR that is highest fits your statement balance.

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

Should a Citi is taken by you Flex Loan?

Since Citi Flex Loans can be obtained based on your borrowing limit, there is not a difficult pull linked because of the loan.

nonetheless, you really need to very very carefully give consideration to benefits and drawbacks of taking right out a Citi Flex Loan against taking out fully a loan that is personal you have got a sizable cost coming.


  • Comfortable access to that loan as much as your borrowing limit
  • There isn’t any credit check needed
  • It is possible to get a diminished APR than your charge card
  • No origination charge just as in a conventional unsecured loan


  • APRs may be greater than standard unsecured loans
  • Should be targeted for an offer ( maybe maybe not accessible to all cardholders)
  • Minimises your available credit
  • Can adversely affect your credit utilization ratio

In accordance with Bankrate, personal bank loan prices typically start around 6 to 26 % according to 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 fee and suffer a tough pull to your credit, your own loan might help you save more over time.


While Citi Flex Loans frequently carry a greater APR when compared to a personal bank payday loans Mississippi loan, they feature great satisfaction to Citi cardholders who require funds in a pinch. It is possible to leverage your present borrowing limit to simply simply simply take down financing without a tough pull to your credit and spend it off in fixed quantities as you spend your charge card bill.


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