When we accept your ask for a Citi Flex Loan

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When we accept your ask for a Citi Flex Loan

Your loan can look as a brand new citi flex arrange in your next declaration as being a transaction published in your declaration for the complete quantity of the mortgage. You’ll find information about your Citi Flex Loan, as well as your initial and balance that is current at the time of the declaration closing date) and needed payment due each payment period (your Citi Flex Plan re re Payment Amount), under “Citi Flex Plan details” in your declaration. The Citi Flex Plan Payment Amount that you will be necessary to spend each payment duration will show up on your declaration in the Minimum Payment Due.

The Citi Flex Arrange Payment Amount that you will be needed to spend each payment period is roofed in your Minimum Payment Due, and it is due in the re payment deadline disclosed in your declaration. For brand new Citi Flex Plans, very first Citi Flex Arrange Payment Amount will include major only, then from then on, the Citi Flex Arrange Payment Amount should include interest fees regarding the Citi Flex Plan balance for that billing period plus a portion associated with amount that is principal.

No. You need to make only 1 payment that is minimum thirty days on your own account, which include your Citi Flex Arrange Payment Amount. But, you might decide to spend a lot more than the desired minimal Payment Due, and you may make payments that are additional your account whenever you want.

There’s no prepayment penalty to cover down a Citi Flex Plan balance early. You could spend your Citi Flex Plan off balance early whenever you want, but, re payments produced in more than the Minimum Payment Due would be used first towards the stability on the account with all the greatest APR, then to your stability with all the next highest APR, an such like. Because of this, so that you can spend off your Citi Flex Plan balance in full, you have to produce a re re re payment that covers every one of the following quantities: the Minimum Payment Due for the payment duration, the total number of any charge card balances with an APR greater than or corresponding to the APR for your Citi Flex Arrange together with staying https://speedyloan.net/title-loans-ri stability in your Citi Flex Arrange.

Yes. You can still avoid paying interest on purchases if you pay your Citi Flex Plan Payment Amount plus your statement balance (not including your Citi Flex Plan balance) in full by the payment due date shown on your statement each billing period when you have a Citi Flex Loan or Citi Flex Pay on your account. Observe that your declaration stability range from transfers of balance, when you yourself have any.

ESSENTIAL NOTE. If for example the Citi Flex Arrange APR is greater than the APR on another stability on the account, it is possible to nevertheless avoid paying rates of interest on acquisitions by spending your Citi Flex Arrange Payment as well as your declaration stability ( maybe maybe not as well as your Citi Flex Arrange stability) in complete by the re re payment date that is due. Nevertheless, the quantity above your Minimum Payment Due are going to be placed on your Citi Flex Arrange stability before the other stability with all the reduced APR. Because of this, in your following payment declaration, you could observe that area of the other stability nevertheless stays due, and you may need to pay that quantity in the statement stability in order to prevent repaying interest on purchases into the billing period that is next.

Unless you first pay the Citi Flex Plan balance in full if you have a balance with a promotional APR that is lower than your Citi Flex Plan APR, such as a balance transfer, you cannot pay off that other balance. As an example, if you wish to pay down a stability transfer ahead of the stability transfer marketing duration expires, you can easily just do this in the event that you first spend your Citi Flex Plan balance in complete, then spend your stability transfer in complete, ahead of the stability transfer marketing duration ends.

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