I did activate the offer as it's nice to have if I want to take advantage of it. Citi RAI was established on July 18, 2014 and has limited performance history. Yeah that makes sense. Hi, XYZ, We're writing to introduce Citi Flex Plan - a new feature on your Citi® account. Not a path for most but one I will take once in awhile if I like the terms. Sorry if this is the wrong sub for this, but I am confused about how Citi Flex Pay works. So the interest and principle is amortized for a determined amount of time and the payments set. 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. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. I have used these offers 2-3 times in the last 10 years. It is important to pay them in full and on time. If you have a large purchase you'd like to pay over time, find a 0% 12-18 mo card to put it on. https://www.creditcardinsider.com/blog/citi-flex-plan-the-ins-and-outs-of-citis-financing-options/, More posts from the personalfinance community. Do not select if you are using a public computer. Citi Flex Pay. I can see that if you don't pay it off in time, you end up paying a a lot of money. DONT DO IT! Press question mark to learn the rest of the keyboard shortcuts. Citi Pay launched in Singapore, Australia and Mexico in 2016. Looks like you're using new Reddit on an old browser. Citi is offering some cardholders ‘Citi Flex Plan’. Eligible cardholders can choose between different equal monthly payment plans and promotional APRs based on the size of their purchase. 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. Seems useless for about 99% of consumers. 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. Sign On. 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. Citi PayLite is a service that enables you to convert unbilled retail transactions at a specified interest rate. I don't carry a balance myself but I can see how they can be useful for big purchases. Citi is not responsible for the products, services or facilities provided and/or owned by other companies. 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 … Customers with an Android device will have the ability to make in-store purchases via NFC at contactless point-of-sale terminals. I am really worried, as well, regarding what the closure of my Citi Flex line of credit will do to my 745 credit score. Buy only as much as you can afford and pay off statement in full. I have taken advantage of some of these cash advance offers(not Flex plan type offers). Activate a Card Register for Online Access. It is similar to Amex’s Pay over time. Credit. 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. 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). Forgot Password? An example of this is when I had to have a crown replace and it was going to cost me over $1,100. 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. I paid it off in 7-8 months so all was good. Citi is sending out targeted offers for statement credits for cardholders who shop with PayPal. 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. Posted by. Reddit is a network of communities based on people's interests. Join our community, read the PF Wiki, and get on top of your finances! 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. Continue × Close. 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. 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. From a quick Google, looks like you still pay interest but possibly less than the CC rate. This amount is currently the maximum amount of credit our policy will allow. https://www.citi.com/credit-cards/creditcards/citi.action?ID=flex-loan. 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. Split up large purchases into fixed monthly payments at a fixed APR. It doesn't sound like a good idea. We’ll help you find a grocery store, restaurant or pharmacy that provides delivery service or curbside pickup. LEGIT Amazon Flex Pay Review: Earn Money Delivering Packages for ... How can you earn $700 a week in Amazon Flex? Citi Flex Pay. Is that how that works? Press question mark to learn the rest of the keyboard shortcuts. User ID. I just got seven pages of changes to the terms of my Citi Costco card that go into effect September 23. Select the purchase you wish to convert to Citi PayLite and decide on the repayment tenure. 3 years ago. Then you'll have that payment amount added to your revolving credit minimum payment. 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. Also says to keep an eye out for offers based on your eligibility. Archived. Password. Pretty good deal if you really need the cash advance. Looking for a flexpay laptop. Your credit limit is subject to be reduced based on the Citi PayLite amount that has been approved. That’s $100 per day and if you can do the block for less than 4 hours, then, way to go!" The FlexPay balance has interest on it. A subreddit for discussing any aspect of credit cards. Available credit limit is based on current spend and may vary if you have spent or made payment toward outstanding balances. 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