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

Citi allows select cardholders simply take away a loan against their bank card at a rate that is fixed

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Citi Flex Loans enable qualified cardholders to free up some money against their borrowing limit and repay it at a fixed price. Here’s what you should understand.

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In the event your charge card APR is high and you’re hesitant to carry a stability, a Citi Flex Loan could be an excellent selection for making fixed payments – particularly if you can score the lowest rate of interest. Keep reading for more information on how these loans work.

What exactly is a Citi Flex Loan?

Citi Flex Loans are an original providing from Citi, enabling credit cardholders to simply simply take down a loan with a hard and fast APR as much as the quantity of their borrowing limit. Plus, there isn’t any origination charge, and you may select from a few payment term lengths. Cardholders must certanly be targeted for example among these loans, nevertheless they will have a way to select 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 big purchase to make or unforeseen fees to repay, a Citi Flex Loan could be a powerful way to leverage your overall personal line of credit and spend over time. Flex loans don’t need an additional application or difficult pull to your credit and that can become more available than a typical personal bank 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 possibly save very well interest. Eligible cardholders can decide between different equal payment plans and marketing APRs on the basis of the size of the purchase.

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

You might see a advertising marketing financing once you log on to your Citi account, or perhaps you may get a message advertising an offer tailored for you.

For those who haven’t received a targeted offer for the Citi Flex Loan, you’ll sign in here to check on for just about any available provides. Unfortuitously, its not 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 no less than $500 and no more than their borrowing limit Citi that is(unless has another optimum amount according to creditworthiness). You may want to pick your payment term, from year to 60 months. Citi offers you your payment per month centered on the terms you input.

Must be Citi Flex Loan is connected to your charge card, making your payments that are monthly extremely straightforward. The re re payment quantity only will be included with your minimal card repayment each thirty days.

Nonetheless, the tie between flex loans and card payments does come with a few downsides. For instance, if you’d prefer to reduce several of your loan early, you can expect to first need certainly to spend from the balance on the card for the thirty days.

Simply because Citi payments made on a free account with both a statement stability as well as an ongoing flex plan are addressed by having a highest-apr-first priority. Therefore, presuming the APR in your flex loan is leaner compared to the APR on your own card stability, your repayments are first placed on the card stability then into the flex loan. What this means is cardholders looking to spend down their loan early will have to think about just about any card financial obligation they’ve been holding.

Suggestion: No matter if your Citi Flex Arrange APR is greater than your card’s APR, you are able to nevertheless avoid interest in your card balance if you are paying your declaration stability in full. Though it’s real your repayment will likely be first put on the flex loan (since it has an increased APR), Citi nevertheless treats the repayment as you paid your complete card stability.

Remember that the next declaration might show that you may be holding a stability on your own card, as your re re payment had been placed on the mortgage rather. Nevertheless, you won’t be charged interest just like you are holding a balance so long as the re payment into the greatest APR matches your overall declaration stability.

Citi cardholders also needs to remember that dealing with a Citi Flex Loan against their borrowing limit will reduce 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 obtained based on your borrowing limit, there isn’t a pull that is hard using the loan.

nonetheless, you really need to very carefully start thinking about advantages and disadvantages of taking out fully a Citi Flex Loan against taking right out a loan that is personal you’ve got a big cost coming.


  • Comfortable access to that loan as much as your borrowing limit
  • There isn’t any credit check needed
  • You are able to get a lower life expectancy APR than your bank card
  • No origination charge just as in a normal loan that is personal


  • APRs may be more than standard loans that are personal
  • Should be targeted for an offer ( perhaps maybe not accessible to all cardholders)
  • Cuts back your available credit
  • Can adversely affect your credit utilization ratio

Relating to Bankrate, personal bank loan prices typically are priced between 6 to 26 % dependent on your credit rating.

Therefore, in the event that you have actually top-notch credit, it will be possible you are able to secure a much better rate of interest in the event that you decide for an even more conventional unsecured loan. An origination fee and suffer a hard pull to your credit, a personal loan might save you more in the long run though you’ll likely pay.


While Citi Flex Loans often carry a greater APR compared to a loan that is personal they provide great reassurance to Citi cardholders whom require funds in a pinch. It is possible to leverage your present borrowing limit to simply just take a loan out without a tough pull to your credit and spend it down in fixed quantities as you spend your bank card bill.