Make use of Citi Flex Loan to release money against your borrowing limit

Make use of Citi Flex Loan to release money against your borrowing limit

Citi allows select cardholders just just take away a loan against their bank card at a hard and fast price

Hill Street Studios / Getty Images


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

This content on this web web page is accurate as of the publishing date; however, a few of our partner offers might have expired. Please review our listing of best charge cards, or make use of our CardMatch™ tool to locate cards matched to your preferences.

Essential reads, delivered weekly

Donate to have the week’s many news that is important your inbox each week.

Your charge cards journey is formally underway.

Keep close track of your inbox—we’ll be delivering over your first message quickly.

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 on how these loans work.

What exactly is a Citi Flex Loan?

Citi Flex Loans are a distinctive providing from Citi, permitting credit cardholders to just just take away that loan with a hard and fast APR up to the total amount of their borrowing limit. Plus, there’s absolutely no origination charge, and you may select from a few payment term lengths. Cardholders must certanly be targeted for starters of those loans, however they can realize your desire to decide on their loan quantity and re payment schedule according to their immediate requirements.

If you’re a Citi cardholder by having a big purchase to make or unforeseen fees to settle, a Citi Flex Loan may be a powerful way to leverage your present personal line of credit and pay over time. Flex loans don’t need an additional application or hard pull to your credit and that can 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 Amazon acquisitions over time employing their Citi card and possibly save very well interest. Qualified cardholders can choose between various equal payment that is monthly and marketing APRs on the basis of the size of the purchase.

How a Citi Flex Loan works? To score a Citi Flex Loan, you need to first receive an offer for the solution from Citi.

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

For those who haven’t received a targeted offer for the Citi Flex Loan, it is possible to join here to test for just about any available provides. Unfortuitously, not all cardholder will meet the requirements.

When you do find an offer – together with APR works for you – then you can certainly start to personalize your loan terms. Citi cardholders can choose that loan amount with at the least $500 and no more than their borrowing limit Citi that is(unless has another optimum amount according to creditworthiness). You can choose your payment term, from one year to 60 months. Citi provides you with your payment that is monthly based the terms you input.

Must be Citi Flex Loan is linked to your charge card, making your payments that are monthly extremely simple. The re payment quantity only will be put into your minimal card repayment each thirty days.

Nonetheless, the tie between flex loans and card payments does come with a few downsides. As an example, if you’d prefer to reduce a number of your loan early, you can expect to first need to spend from the stability on the card for that thirty days.

Simply because Citi re re payments made on a merchant account with both a declaration stability as well as an ongoing flex plan are addressed with a priority that is highest-apr-first. installment loans edmond MD Therefore, presuming the APR on your own flex loan is gloomier compared to the APR on the card stability, your repayments are first placed on the card stability then to your flex loan. This implies cardholders hoping to spend off their loan early will have to give consideration to just about any card financial obligation they truly are carrying.

Suggestion: even when your Citi Flex Arrange APR is more than your card’s APR, you can easily nevertheless avoid interest on your own card stability if you are paying your statement 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.

Keep in mind your next declaration might show that you will be holding a stability on your own card, as your payment ended up being put on the mortgage rather. Nonetheless, you won’t be charged interest just like you are carrying a balance so long as the re payment to your greatest APR matches your overall declaration stability.

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

Should a Citi is taken by you Flex Loan?

Since Citi Flex Loans can be found in accordance with your credit limit, there isn’t a hard pull linked aided by the loan.

nevertheless, you really need to very very carefully think about benefits and drawbacks of taking out fully a Citi Flex Loan against taking right out a unsecured loan if you have got a big cost coming up.


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


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

Based on Bankrate, unsecured loan prices typically vary from 6 to 26 per cent dependent on 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. 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 usually carry a greater APR than the usual personal bank loan, they provide great peace of mind to Citi cardholders whom require funds in a pinch. You can easily leverage your present borrowing limit to simply just simply take a loan out without a difficult pull to your credit and spend it down in fixed amounts as you spend your charge card bill.