Your loan will show up as being a brand new citi flex arrange on your own next declaration as being a deal published on the declaration for the complete level of the mortgage. You will find information about your Citi Flex Loan, together with your initial and present stability ( at the time of the statement 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’re expected to spend each payment duration will appear on your declaration in the Minimum Payment Due.
The Citi Flex Plan Payment Amount that you will be necessary to spend each payment duration is roofed in your Minimum Payment Due, and it is due regarding the payment deadline disclosed in your declaration. For brand new Citi Flex Plans, very first Citi Flex Arrange Payment Amount will contain principal only, then after that, the Citi Flex Plan Payment Amount should include interest fees in the Citi Flex Plan balance for that billing period and also a portion of this amount that is principal.
No. You need to make only 1 minimal payment each thirty days in your account, which include your Citi Flex Arrange Payment Amount. Nevertheless, you may possibly elect to spend significantly more than the mandatory minimal Payment Due, and you may make payments that are additional your bank account whenever you want.
There’s 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, but, re payments produced in more than the Minimum Payment Due is supposed to be used first to your stability on the account using the greatest APR, then to your balance aided by the next highest APR, an such like. Because of this, so that you can spend your Citi Flex Plan off balance in complete, you need to make a re payment that covers most of the following quantities: the Minimum Payment Due for that payment duration, the total quantity of any charge card balances with an APR greater than or add up to the APR for the Citi Flex Plan as well as the staying balance on the Citi Flex Plan.
Yes. If you have a Citi Flex Loan or Citi Flex Pay on your own account, you can easily nevertheless avoid paying interest on acquisitions in the event that you spend your Citi Flex Arrange Payment Amount along with your declaration stability (maybe not as well as your Citi Flex Plan stability) in complete because of the repayment deadline shown in your declaration each payment period. Keep in mind that your declaration stability may include transfers of balance, when you have any.
ESSENTIAL NOTE. In the event 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 if you are paying your Citi Flex Arrange Payment along with your declaration stability ( perhaps not together with your Citi Flex Arrange stability) in full because of the re payment date that is due. However, the quantity above your Minimum Payment Due will likely be placed on your Citi Flex Arrange stability before the other stability because of the lower APR. Because of this, in your following payment declaration, you might observe that area of the other stability still continues to be due, and you’ll need to spend that quantity in the declaration balance to prevent repaying interest on purchases when you look at the billing period that is next.
For those who have a balance by having a marketing APR that is less than your Citi Flex Arrange APR, such as for instance a stability transfer, you can’t pay back that other stability until you first spend the Citi Flex Plan balance in complete. For instance, if you wish to spend a balance transfer off ahead of the stability transfer marketing duration expires, you are able to just achieve this in the event that you first spend your Citi Flex Plan balance in full, then spend title loans in south dakota no credit check your stability transfer in complete, prior to the stability transfer marketing duration ends.
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