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

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

Citi allows select cardholders just just simply take down a loan against their bank card at a set rate

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Citi Flex Loans enable qualified cardholders to free some cash up against their borrowing limit and repay it at a hard and fast price. Here’s what you ought to know.

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A Citi Flex Loan can be a great option for making fixed payments – especially if you can score a low interest rate if your credit card APR is high and you are hesitant to carry a balance. Continue reading for more information about how these loans work.

What exactly is a Citi Flex Loan?

Citi Flex Loans are a distinctive offering from Citi, permitting credit cardholders to simply take a loan out with a hard and fast APR as much as the quantity of their borrowing limit. Plus, there is absolutely no origination cost, and you will select from a few payment term lengths. Cardholders must certanly be targeted for starters of the loans, nonetheless they can realize your desire to select their loan quantity and re payment schedule centered on their needs that are immediate.

If you should be a Citi cardholder having a purchase that is large make or unanticipated fees to repay, a Citi Flex Loan are 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 will be more available than a typical loan that is personal.

Suggestion: Citi recently announced a Citi Flex Pay partnership with Amazon, that will enable cardholders to settle big purchases that are amazon time utilizing their Citi card and potentially save well on interest. Qualified cardholders can select between various equal payment that is monthly and marketing APRs in line with the size of the purchase.

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

You may view a banner advertising a loan once you log on to 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. Unfortunately, not all cardholder will 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 at the most their borrowing limit (unless Citi has individualized another optimum amount according to creditworthiness). It is possible to pick your payment term, from year to 60 months. Citi provides you with your payment per month centered on the terms you input.

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

Nonetheless, the tie between flex loans and card payments does come with a few downsides. For instance, if you’d want to pay down a number of your loan early, you may first need certainly to pay from the stability in your card for that thirty days.

The reason being Citi payments made on a merchant account with both a declaration stability plus an ongoing flex plan are addressed with a highest-apr-first concern. Therefore, presuming the APR in your flex loan is leaner compared to the APR on the card stability, your repayments are first put on the card stability after which into the flex loan. This implies cardholders looking to spend their loan off early will need to give consideration to some other card financial obligation they have been holding.

Suggestion: even when your Citi Flex Arrange APR is greater than your card’s APR, you’ll nevertheless avoid interest in your card stability by spending your declaration balance in complete. Though its real your repayment should be first put on the flex loan (because it has a greater APR), Citi still treats the repayment just like you paid your complete card stability.

Remember that the next declaration might show that you may be holding a stability in your card, as your re re payment had been put on the mortgage rather. Nevertheless, you won’t be charged interest just like you are holding a balance provided that the re payment into the APR that is highest fits your declaration stability.

Citi cardholders also needs to remember that dealing with a Citi Flex Loan against their borrowing limit will lower simply how much they can wear that particular card in a pinch.

Should you are taking a Citi Flex Loan?

Since Citi Flex Loans can be found in accordance with your borrowing limit, there isn’t a difficult pull linked using the loan.

nonetheless, you really need to carefully think about benefits and drawbacks of taking right out a Citi Flex Loan against taking right out a unsecured loan if you’ve got a big cost coming.


  • Quick access to a loan as much as your borrowing limit
  • There’s absolutely no credit check needed
  • It is possible to get a lowered APR than your charge card
  • No origination cost just as in a conventional unsecured loan


  • APRs may be more than standard unsecured loans
  • Must certanly 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, unsecured loan prices typically are normally taken for 6 to 26 % based on your credit rating.

Therefore, in the event that you have actually top-notch credit, it’s possible it is possible to secure a much better interest if you choose for a far more conventional unsecured loan. Though you’ll likely pay an origination cost 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 compared to a unsecured loan, they provide great satisfaction to Citi cardholders who require funds in a pinch. You’ll leverage your borrowing limit to just just take a loan out without a difficult pull to your credit and spend it down in fixed quantities as you spend your bank card bill.

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