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Appreciate you have contributed their knowledge about the Citi Flex Loan. Hopefully, it may help with clients who are considering this latest loan product.
That flex mortgage was at the mercy of the apr hierarchy. Definition, if you already have a lower apr stability move on that card, while use a flex financing from the leftover offered stability, whatever within the minimal money (your present flex loan installment, in addition to the minimum in the stability move) goes toward the flex mortgage.
In the event your balances exchange is for 1 . 5 years, along with your flex loan is actually for 36months, while generate above minimal money, convinced that you’ll have paid down that transfer energy, you’ll end up in for an impolite awakening whenever that point are right up. You will simply have the ability to making lowest costs towards they until that flex loan are paid-in complete.
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Be cautious making use of terms and conditions on these “loans” they truly are merely another stability exchange. They are certainly not a loan in the sense that your fees is similar monthly, as well as don’t influence anything you might have on your account. Continue reading “However, it provides Citi bank card subscribers the capability to have actually much better power over at the very least a percentage of these outstanding mastercard balances.”