Your first instalment will be shown in your next credit card statement. 3 years ago. Sometimes expenses come up(that are 100% necessary) and people don't necessarily have the income to pay that off in one month. Citi Flex Pay. And you're done! In either case, no application fee, hard credit check, or application of any kind is required on your end. Valid Form. If you are doing a deal on some card, do not do any regular spending on the same card if at all possible. Plus I had just paid something off the previous month so that was kind of bugging me. Customer Service Citi ® Online Support 1-800-347-4934 Outside of the United States, Call Citi collect at: 605-335-2222 (TTY: 1-800-325-2865 for hearing and speech impaired services only) Split up large purchases into fixed monthly payments at a fixed APR. by Ana Staples. I wait till I get one of the 2% transaction fee with at least 12 months to pay it off. So I took the cash advance of 2% and borrowed $1,800 but don't remember if it was a 12 or 15 month promo. Each FlexPay request is evaluated at the time of purchase, so just because you’ve been approved before doesn’t mean you will again. Also says to keep an eye out for offers based on your eligibility. Got an email from Citi: *Update: Effective 09/14/2019. Learn about the Citi Flex Loan as we review this financing option that lets you borrow against your existing credit card's credit line at a lower interest rate. Select the purchase you wish to convert to Citi PayLite and decide on the repayment tenure. I have never had a late payment and I have always paid way more than the minimum. October 1, 2020. We’ll help you find a grocery store, restaurant or pharmacy that provides delivery service or curbside pickup. Log in sign up. I've had this account for three years where my credit limit started out at $15,500. Citi RAI was established on July 18, 2014 and has limited performance history. With Citi Flex Loan, you can use your credit line to access funds and pay for those funds under a Citi Flex Plan." The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. Pros & Cons of the Citi Flex Plan . It's essentially a cash advance with lower fixed rates and without the fee associated with the cash advance. "Thank you for your interest in obtaining a credit-limit increase on your Citi account. Sign on to view your Citi ® Flex Pay eligible purchases. I just got seven pages of changes to the terms of my Citi Costco card that go into effect September 23. I have great credit history and scores well above 800 so I get these types of offers all the time. Also important to note, you will find the effective date when the new feature to your account will take place. Citi PayLite is a service that enables you to convert unbilled retail transactions at a specified interest rate. I am looking for a flexpay laptop so I can play games when I travel frequently and can not find one with my current knowledge. Posted by. (Citi Flex Pay, AMEX Plan It) Credit. I just paid the full balance since I was worried that leaving the left over balance from the new adjusted balance would cause me to accrue interest. For some these type of offers can make sense. Never mix deals with regular spending. Reddit user pkk101 recently called in to see if there was any retention offer on their card as the annual fee had just posted and surprisingly Citi offered a statement credit of $200 if they spent $4,000 in each of the next three months. The claim is that these changes are associated with a new "feature" called Citi Flex Plan which looks like a way for them to entice you into interest-bearing debt. For Citi Flex Pay, you can choose a purchase you’ve already made and the duration you’d like to pay it down. Press question mark to learn the rest of the keyboard shortcuts. My question is in regards to a letter we received from Citi about a flex line of credit. It is structured as a loan, not revolving credit. The bank has alerted cardholders of various Citi-issued cards that it will be discontinuing multiple consumer and travel benefits associated with those cards as of … It is important to pay them in full and on time. Anybody heard anything about this? Seems useless for about 99% of consumers. Flex Pay you can pay for eligible transactions under a Citi Flex plan. I was wondering how you guys felt about these services. FlexPay Manager lets you review your upcoming payments, change your payment method and even pay off your purchase early (with no penalty). So then you would have a "normal" balance from normal credit usage and then a Flex Pay balance correct? Anybody heard anything about this? Looks like you're using new Reddit on an old browser. Join our community, read the PF Wiki, and get on top of your finances! Citi is expanding its digital lending to Amazon with Citi Flex Pay, a new installment plan option with attractive terms. Pretty good deal if you really need the cash advance. Citi has now announced major changes to the Prestige that will becoming in January 2019. I have taken advantage of some of these cash advance offers(not Flex plan type offers). Reddit. Continue × Close. With this letter includes a summary of the changes which will be taking place to your credit account. Forgot Password? User ID. From a quick Google, looks like you still pay interest but possibly less than the CC rate. I have used these offers 2-3 times in the last 10 years. Sorry if this is the wrong sub for this, but I am confused about how Citi Flex Pay works. Annual fee: None Introductory purchase APR: 0% APR for 15 months Regular APR: 14.99% to 23.74% Balance transfer APR: 14.99% to 23.74% Balance transfer fee: 5% or … When you have a Citi Flex Loan or Citi Flex Pay on your account, 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. Additionally, it includes the updated terms to your credit card agreement. Looking for a flexpay laptop. Yea I had the money to pay it off within a month but I hate spending money on things like that...lol. 1. Reddit is a network of communities based on people's interests. Sounds like they starting something like Amex's Plan It, plus the addition of using Flex Loan . Customers with an Android device will have the ability to make in-store purchases via NFC at contactless point-of-sale terminals. No thank you; I pay my bills off in full. Tip: Citi recently announced a Citi Flex Pay partnership with Amazon, which will allow cardholders to pay off large Amazon purchases over time using their Citi card and potentially save on interest. The sticky point is that you need to pay it off within the promo time limit. I decided to do a Flex Pay purchase on something small to see how it worked and it looked like it just combined the flex pay balance and the normal balance to be my statement balance. Do not select if you are using a public computer. This gives cardholders the ability to make fixed monthly payments to pay off purchases or a loan against your card’s credit line. An interesting Citi Flex feature is that you can move eligible purchases after you have made them, shifting them from your regular CitiCard account to Citi Flex. Continue × Close. Available credit limit is based on current spend and may vary if you have spent or made payment toward outstanding balances. Archived. Citi has sent me about five mailings touting this plan. So the interest and principle is amortized for a determined amount of time and the payments set. Credit. Forgot User ID? I always do pay my statement off each month, but was just curious how the flex pay stuff worked. I can see that if you don't pay it off in time, you end up paying a a lot of money. Thanks! Just keep an eye out to see if Citi has reached out. The Points Guy team has received offers ranging from $20-$25 back, but Doctor of Credit is reporting offers up to $40 back. Citi Mobile® App Flexi-Installment Program provide flexible repayment methods. User account menu • Citi Flex Pay Questions. How does the Flex Play impact interest? Remember my User ID. There are basically two ways to use this: Pay for eligible transactions under a Citi Flex Plan; Use your credit line to access funds and pay for those funds under a Citi Flex Plan. If you’re one of the millions of Americans who carry a Citi credit card, you might have gotten some bad news in your email inbox this week. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Citi is offering some cardholders ‘Citi Flex Plan’. I paid it off in 7-8 months so all was good. The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Although we are unable to give you the total amount requested, we are pleased to inform you that your credit limit has been increased to $40700. Citi Flex Plan is a new optional feature that allows you to make a purchase or take a loan against your card's credit limit and pay it off over a set number of monthly payments. They would take money off the Citi card and put it on their own card, so you would be free to continue using the Citi card for purchases if that's your main card. DONT DO IT! evgenyatamanenko / GettyImages. u/DarkxRex1. Yeah that makes sense. Advertiser Disclosure Filed Under: Breaking News; Products; Summary. I'm guessing as long as you make your monthly payments for the Flex Pay purchase you don't pay any interest on it? Eligible cardholders can choose between different equal monthly payment plans and promotional APRs based on the size of their purchase. As I understand it, Flex Pay lets you take a purchase you … Press J to jump to the feed. https://www.creditcardinsider.com/blog/citi-flex-plan-the-ins-and-outs-of-citis-financing-options/, More posts from the personalfinance community. The introduction of the Citi Flex Plan (and Citi Flex Loan) has recently been introduced. … Activate a Card Register for Online Access. Close • Posted by 1 hour ago. Is that how that works? Press question mark to learn the rest of the keyboard shortcuts. Citi is not responsible for the products, services or facilities provided and/or owned by other companies. Citi MasterCard credit customers in the U.S. can now begin using Citi Pay, the mobile tap-and-pay service the bank first announced in November. Your credit limit is subject to be reduced based on the Citi PayLite amount that has been approved. Citi is sending out targeted offers for statement credits for cardholders who shop with PayPal. Citi Flex Pay. 4 comments. It is similar to Amex’s Pay over time. Here’s how to do it, according to testimonies on Reddit: "You have to pick up shifts every day, and that means 4 hours of delivery scheduled from Monday to Sunday. Close. Citi Flex Pay Questions. share. If you have a large purchase you'd like to pay over time, find a 0% 12-18 mo card to put it on. The claim is that these changes are associated with a new "feature" called Citi Flex Plan which looks like a way for them to entice you into interest-bearing debt. https://www.citi.com/credit-cards/creditcards/citi.action?ID=flex-loan. Email. No Setup Fee | Choose Your Timeline. So if they are going to carry a balance for several months, this route can be cheaper. New comments cannot be posted and votes cannot be cast, More posts from the CreditCards community. Credit. Find communities you're interested in, and become part of an online community! The FlexPay balance has interest on it. Our interest in this is because we have a Land Rover we purchased used last year when both credit scores were horrible but we needed something due to hubby starting a new job 30 miles away. Password. An example of this is when I had to have a crown replace and it was going to cost me over $1,100. User ID . Call 03 2383 0000 (Kuala Lumpur), 04 296 0000 (Penang), 07 268 0000 (Johor Bahru) or 1800 82 1010 (Sabah & Sarawak) anytime, any day to convert your transactions. Over the past year and a half it has been lowered 3 times by more than half of the original amount. Notificación importante Por favor, tenga en cuenta que es posible que las comunicaciones futuras del banco, ya sean verbales o escritas, sean únicamente en inglés. I'm not sure how it would affect your credit utilization. A subreddit for discussing any aspect of credit cards. I wonder whether this is one of Citi's new "benefits". Sign On. Buy only as much as you can afford and pay off statement in full. It’s an easy and convenient way to manage your shopping, entertainment, gift-giving and everyday needs. I am really worried, as well, regarding what the closure of my Citi Flex line of credit will do to my 745 credit score. Please ask questions and contribute to the knowledge surrounding credit cards. Volatility Control The Index adjusts the overall exposure to either the Core Portfolio or the Reserve Portfolio in an attempt to limit the realized volatility of the Index to 6% per annum. The scheme is to try to lure non-well-informed customers to enroll in this plan in order to make them pay interest. I did activate the offer as it's nice to have if I want to take advantage of it. When I went to pay my statement it had the option to pay the statement in full or to pay a 'New Adjusted Balance + Flex Pay', which was less than my normal statement balance. LEGIT Amazon Flex Pay Review: Earn Money Delivering Packages for ... How can you earn $700 a week in Amazon Flex? Hi, XYZ, We're writing to introduce Citi Flex Plan - a new feature on your Citi® account. That’s $100 per day and if you can do the block for less than 4 hours, then, way to go!" APR for Citi Flex Plan - 16.99%. Took the sting out of paying that crown..haha. I just got seven pages of changes to the terms of my Citi Costco card that go into effect September 23. It doesn't sound like a good idea. Then you'll have that payment amount added to your revolving credit minimum payment. 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