Your loan can look being A citi that is new flex on the next statement being a deal published on the declaration when it comes to complete level of the mortgage. You will find information regarding your Citi Flex Loan, as well as your initial and balance that is current at the time of the statement closing date) and necessary payment due each payment period (your Citi Flex Plan re re Payment Amount), under “Citi Flex Arrange details” on your own declaration. The Citi Flex Arrange Payment Amount that you will be necessary to spend each payment duration will appear on your declaration in the Minimum Payment Due.
The Citi Flex Arrange Payment Amount that you will be necessary to spend each payment duration is roofed in your Minimum Payment Due, and it is due from title loans in south carolina the re payment deadline disclosed in your declaration. For brand new Citi Flex Plans, very first Citi Flex Arrange Payment Amount will contain major only, then from then on, the Citi Flex Arrange Payment Amount will include interest costs in the Citi Flex Plan balance for that billing period plus a portion associated with amount that is principal.
No. You have to make just one payment that is minimum thirty days in your account, which include your Citi Flex Arrange Payment Amount. Nevertheless, you could elect to pay a lot more than the mandatory minimal Payment Due, and you may make payments that are additional your account whenever you want.
There isn’t any prepayment penalty to cover off a Citi Flex Plan balance early. You could spend down your Citi Flex Plan balance early whenever you want, nonetheless, re re payments built in more than the Minimum Payment Due will soon be used first into the balance on your own account using the greatest APR, then into the stability with all the next highest APR, and so forth. Because of this, so that you can spend down your Citi Flex Plan balance in complete, you have to create re payment that covers most of the following quantities: the Minimum Payment Due for the payment duration, the total quantity of any credit card balances with an APR greater than or corresponding to the APR for the Citi Flex Arrange together with staying balance 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. In case your Citi Flex Arrange APR is more than the APR on another balance in your account, you are able to nevertheless avoid repaying interest on purchases by having to pay your Citi Flex Arrange Payment as well as your statement balance ( perhaps not as well as your Citi Flex Arrange stability) in complete by the re re payment deadline. However, the quantity above your Minimum Payment Due will soon be put on your Citi Flex Arrange stability before the other stability aided by the reduced APR. As a result, in the next billing declaration, you might observe that area of the other stability nevertheless stays due, and you may need to pay that amount in the declaration balance in order to avoid repaying interest on acquisitions within the billing period that is next.
When you yourself have a stability having a marketing APR that is less than your Citi Flex Arrange APR, such as for example a stability transfer, you can’t pay back that other stability if you do not first spend the Citi Flex Plan balance in complete. For instance, if you wish to spend a balance transfer off ahead of the balance 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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