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. User account menu • Citi Flex Pay Questions. 4 comments. Flex Pay you can pay for eligible transactions under a Citi Flex plan. Your first instalment will be shown in your next credit card statement. … New comments cannot be posted and votes cannot be cast, More posts from the CreditCards community. Close. Customers with an Android device will have the ability to make in-store purchases via NFC at contactless point-of-sale terminals. Citi is not responsible for the products, services or facilities provided and/or owned by other companies. 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. If you are doing a deal on some card, do not do any regular spending on the same card if at all possible. 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. Is that how that works? It’s an easy and convenient way to manage your shopping, entertainment, gift-giving and everyday needs. I don't carry a balance myself but I can see how they can be useful for big purchases. by Ana Staples. Thanks! It doesn't sound like a good idea. The scheme is to try to lure non-well-informed customers to enroll in this plan in order to make them pay interest. This gives cardholders the ability to make fixed monthly payments to pay off purchases or a loan against your card’s credit line. User ID. I have used these offers 2-3 times in the last 10 years. How does the Flex Play impact interest? Credit. That’s $100 per day and if you can do the block for less than 4 hours, then, way to go!" With Citi Flex Loan, you can use your credit line to access funds and pay for those funds under a Citi Flex Plan." 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. Forgot User ID? Advertiser Disclosure Filed Under: Breaking News; Products; Summary. "Thank you for your interest in obtaining a credit-limit increase on your Citi account. 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. 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. Also says to keep an eye out for offers based on your eligibility. This feature lets you split the cost of most Amazon purchases over $100 into equal monthly payments when you use an eligible Citi card as your payment method at checkout. 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) So if they are going to carry a balance for several months, this route can be cheaper. 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 … u/DarkxRex1. Continue × Close. User ID . I've had this account for three years where my credit limit started out at $15,500. Sign on to view your Citi ® Flex Pay eligible purchases. Hi, XYZ, We're writing to introduce Citi Flex Plan - a new feature on your Citi® account. With this letter includes a summary of the changes which will be taking place to your credit account. This amount is currently the maximum amount of credit our policy will allow. Citi is offering some cardholders ‘Citi Flex Plan’. Press question mark to learn the rest of the keyboard shortcuts. Reddit. Citi has sent me about five mailings touting this plan. (Citi Flex Pay, AMEX Plan It) Credit. It's essentially a cash advance with lower fixed rates and without the fee associated with the cash advance. So then you would have a "normal" balance from normal credit usage and then a Flex Pay balance correct? Sign On. The FlexPay balance has interest on it. I wonder whether this is one of Citi's new "benefits". Anybody heard anything about this? Press J to jump to the feed. Posted by. From a quick Google, looks like you still pay interest but possibly less than the CC rate. Valid Form. Citi PayLite is a service that enables you to convert unbilled retail transactions at a specified interest rate. Looking for a flexpay laptop. So the interest and principle is amortized for a determined amount of time and the payments set. Archived. I'm not sure how it would affect your credit utilization. Do not select if you are using a public computer. And you're done! In either case, no application fee, hard credit check, or application of any kind is required on your end. Either way I paid $36 to borrow $1,800 and I was fine with that. If you have a large purchase you'd like to pay over time, find a 0% 12-18 mo card to put it on. 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. Citi has now announced major changes to the Prestige that will becoming in January 2019. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. I paid it off in 7-8 months so all was good. 3 years ago. A subreddit for discussing any aspect of credit cards. Just keep an eye out to see if Citi has reached out. I did activate the offer as it's nice to have if I want to take advantage of it. https://www.citi.com/credit-cards/creditcards/citi.action?ID=flex-loan. It is structured as a loan, not revolving credit. I always do pay my statement off each month, but was just curious how the flex pay stuff worked. Looking for a flexpay laptop. Citi RAI was established on July 18, 2014 and has limited performance history. 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. Password. 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 Pay. 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. Plus I had just paid something off the previous month so that was kind of bugging me. Log in sign up. Citi recently announced a partnership with Amazon that would allow eligible Citi cardholders to finance Amazon purchases using Citi Flex Pay. Reddit is a network of communities based on people's interests. October 1, 2020. 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. evgenyatamanenko / GettyImages. I wonder whether this is one of Citi's new "benefits". Looks like you're using new Reddit on an old browser. 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. Close • Posted by 1 hour ago. Continue × Close. 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. An example of this is when I had to have a crown replace and it was going to cost me over $1,100. Yeah that makes sense. 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. As I understand it, Flex Pay lets you take a purchase you have done on your Citi card and break it up into monthly payments instead. 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. It is similar to Amex’s Pay over time. share. Credit. Buy only as much as you can afford and pay off statement in full. 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. Then you'll have that payment amount added to your revolving credit minimum payment. https://www.creditcardinsider.com/blog/citi-flex-plan-the-ins-and-outs-of-citis-financing-options/, More posts from the personalfinance community. I can see that if you don't pay it off in time, you end up paying a a lot of money. 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. 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. 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. Press question mark to learn the rest of the keyboard shortcuts. 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. I have never had a late payment and I have always paid way more than the minimum. Press question mark to learn the rest of the keyboard shortcuts. FlexPay Manager lets you review your upcoming payments, change your payment method and even pay off your purchase early (with no penalty). Sorry if this is the wrong sub for this, but I am confused about how Citi Flex Pay works. The content on this page is accurate as of the posting date; however, some of our partner offers may have expired. Citi Pay launched in Singapore, Australia and Mexico in 2016. As I understand it, Flex Pay lets you take a purchase you … Press J to jump to the feed. Split up large purchases into fixed monthly payments at a fixed APR. Remember my User ID. I just got seven pages of changes to the terms of my Citi Costco card that go into effect September 23. Forgot Password? Citi Flex Pay. APR for Citi Flex Plan - 16.99%. Available credit limit is based on current spend and may vary if you have spent or made payment toward outstanding balances. Valid Form. Yea I had the money to pay it off within a month but I hate spending money on things like that...lol. DONT DO IT! Seems useless for about 99% of consumers. We’ll help you find a grocery store, restaurant or pharmacy that provides delivery service or curbside pickup. Additionally, it includes the updated terms to your credit card agreement. Anybody heard anything about this? Email. It is important to pay them in full and on time. Find communities you're interested in, and become part of an online community! 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. Your credit limit is subject to be reduced based on the Citi PayLite amount that has been approved. 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 … Took the sting out of paying that crown..haha. Citi is expanding its digital lending to Amazon with Citi Flex Pay, a new installment plan option with attractive terms. I have taken advantage of some of these cash advance offers(not Flex plan type offers). With Citi Concierge, you have access to a staff of experts working around the clock to help you get things done and save time. Join our community, read the PF Wiki, and get on top of your finances! For some these type of offers can make sense. Citi is not responsible for the products, services or facilities provided and/or owned by other companies. This is called the Citi Flex Pay plan.Purchases made during your current or prior billing cycle that are greater than $100 can be included in your Citi Flex plan. 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. 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. I just got seven pages of changes to the terms of my Citi Costco card that go into effect September 23. The sticky point is that you need to pay it off within the promo time limit. 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. Each FlexPay request is evaluated at the time of purchase, so just because you’ve been approved before doesn’t mean you will again. I wait till I get one of the 2% transaction fee with at least 12 months to pay it off. I am really worried, as well, regarding what the closure of my Citi Flex line of credit will do to my 745 credit score. Sometimes expenses come up(that are 100% necessary) and people don't necessarily have the income to pay that off in one month. My question is in regards to a letter we received from Citi about a flex line of credit. LEGIT Amazon Flex Pay Review: Earn Money Delivering Packages for ... How can you earn $700 a week in Amazon Flex? Sounds like they starting something like Amex's Plan It, plus the addition of using Flex Loan . Citi is sending out targeted offers for statement credits for cardholders who shop with PayPal. Got an email from Citi: *Update: Effective 09/14/2019. Pretty good deal if you really need the cash advance. Re: citi flex pay, 6.99% on large purchases I just received this offer yesterday on my AAdvantage card which is actually my Citi card with the highest limit ($19.9k). Not a path for most but one I will take once in awhile if I like the terms. Please ask questions and contribute to the knowledge surrounding credit cards. No thank you; I pay my bills off in full. I was wondering how you guys felt about these services. Pros & Cons of the Citi Flex Plan . I have great credit history and scores well above 800 so I get these types of offers all the time. 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. No Setup Fee | Choose Your Timeline. Select the purchase you wish to convert to Citi PayLite and decide on the repayment tenure. The introduction of the Citi Flex Plan (and Citi Flex Loan) has recently been introduced. Citi Flex Pay Questions. Never mix deals with regular spending. 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. Also important to note, you will find the effective date when the new feature to your account will take place. 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. Over the past year and a half it has been lowered 3 times by more than half of the original amount. Activate a Card Register for Online Access. Sorry if this is the wrong sub for this, but I am confused about how Citi Flex Pay works. 1. 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