Whenever we accept your request a Citi Flex Loan
Your loan can look as being A citi that is new flex in your next statement being a transaction published on your own declaration when it comes to full number of the mortgage. You will find factual statements about your Citi Flex Loan, as well as your initial and balance that is current as of the declaration closing date) and necessary payment due each billing period (your Citi Flex Plan re re Payment Amount), under “Citi Flex Arrange details” in your declaration. The Citi Flex Arrange Payment Amount that you will be expected to spend each payment duration shall show up on your declaration in the Minimum Payment Due.
The Citi Flex Arrange Payment Amount that you will be expected title loans rhode island to spend each billing duration is roofed in your Minimum Payment Due, and it is due regarding the re re payment date that is due on your own 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 Plan Payment Amount includes interest costs from the Citi Flex Plan balance for that billing period along with a portion of this principal quantity.
No. You have to make only 1 minimal payment each thirty days on your own account, including your Citi Flex Arrange Payment Amount. Nonetheless, you might elect to spend a lot more than the desired minimal Payment Due, and you may make payments that are additional your bank account whenever you want.
There is absolutely no prepayment penalty to cover a Citi Flex Plan off balance early. You may possibly spend down your Citi Flex Plan balance early whenever you want, nonetheless, re re re payments produced in more than the Minimum Payment Due may be used first to your stability in your account because of the greatest APR, then to your stability using the next highest APR, an such like. Because of this, to be able to spend your Citi Flex Plan off balance in complete, you have to produce payment that covers every one of the following quantities: the Minimum Payment Due for the payment period, the total number of any charge card balances with an APR greater than or add up to the APR for the Citi Flex Arrange as well as the remaining stability on the Citi Flex Arrange.
Yes. When you’ve got a Citi Flex Loan or Citi Flex Pay on the account, you are able to still avoid repaying interest on acquisitions in the event that you spend your Citi Flex Arrange Payment Amount as well as your declaration balance (perhaps not as well as your Citi Flex Arrange stability) in complete by the repayment deadline shown on your own declaration each payment duration. Keep in mind that your declaration stability range from balance transfers, when you have any.
IMPORTANT NOTE. In case your Citi Flex Arrange APR is greater than the APR on another balance in your account, you are able to nevertheless avoid repaying interest on acquisitions by spending your Citi Flex Arrange Payment along with your declaration stability ( perhaps perhaps not together with your Citi Flex Arrange stability) in complete by the re payment date that is due. Nonetheless, the total amount above your Minimum Payment Due will undoubtedly be placed on your Citi Flex Arrange stability before the other stability using the reduced APR. Because of this, in your following billing declaration, you might observe that area of the other stability nevertheless stays due, and you’ll need certainly to spend that quantity in your declaration stability in order to avoid repaying interest on acquisitions into the next payment duration.
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. For instance, if you wish to spend a balance transfer off ahead of the stability transfer marketing period expires, it is possible to just do this in the event that you first pay your Citi Flex Plan balance in full, then pay your stability transfer in complete, ahead of the stability transfer marketing duration ends.
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