Unfortunately, Whole Foods, Amazon Fresh, Amazon Prime Now and a few other purchase categories aren’t eligible for the program. The standard variable APR for Citi Flex Plan is 13.49% – 23.49%, based on your creditworthiness. You’ll be able to make extra payments on your loan, as long as you knock out any other balances with higher APRs first. They essentially have the same intent: to give you extra time to pay down a purchase. After taking a 0% balance transfer APR offer, your minimum payments will be allocated to that transferred balance due to its 0% interest rate. When you click on any ‘Apply Now’ button, the most up-to-date terms and conditions, rates, and fee information will be presented by the issuer. So let’s say your credit card has an APR of 16%, and your interest-free grace period is still valid. 0% promotional APR on Purchases of $500 or more for 18 months. Citi decides what amount you’re eligible for, and you get to choose your repayment term. Your loan amounts and monthly payments could look something like this: You can choose how much time you’d like to pay your loan back, thus determining your payment amount. Advertising partners do not edit or endorse our editorial content. And, the APR prioritization still applies here. As lenders have gotten more risk-averse, tapping into an existing card relationship with one of these Citi, Amex or Chase offers could be one of your best ways to lower your interest expense and establish a more predictable payback cycle.”. Once you’re notified of your eligibility, you’ll be able to choose the size of your loan and how long you’d like to pay it down. They will select the length of the plan and with no software, no credit score inquiries, no incremental charges and a decrease APR than their card’s customary buy price. The standard variable APR for Citi Flex Plan is 13.99% – 23.99% based on your creditworthiness. Requires no application, hard credit check, or fee. If you have an upcoming large purchase (or a series of purchases) that you can’t afford to pay in full immediately, either one could prove a useful tool. If your minimum balance due is $125, that would include your fixed $75 Citi Flex Pay payment and an additional $50 toward your $5,000 balance. Looking for an in-depth breakdown of how exactly credit utilization works, and how it affects your credit scores? Learn how it … The Citi Simplicity Card offers a very long 18-month 0% intro APR offer for balance transfers, with the catch that each transfer incurs a 3% fee. Citi Flex Pay on Amazon is a simple method for cardmembers to pay for his or her bigger purchases. While there are no fees for accepting the loan, the balance will still accrue interest at a fixed APR. 0% Intro APR for 18 months on purchases from date of account opening and 0% Intro APR for 18 months on balance transfers from date of first transfer. Learn the difference between networks like Visa and issuing banks like Capital One, which banks are biggest, and more. However, they’ll increase your monthly payment and the amount of credit you’ll be using. So if you have plans to get ahead, you’ll need to pay off any outstanding credit card balances (assuming they carry higher APRs) before you can make additional payments on the Citi Flex Pay balance. Content is not provided or commissioned by any credit card issuers. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. We do not include the universe of companies or financial offers that may be available to you. Explore the features and benefits of each unique card and choose which one fits your lifestyle best. Thanks Jess96 Card Features: Earn 2% on every purchase with unlimited 1% cash back when you buy, plus an additional 1% as you pay for those purchases. “So Citi and Amazon saw an opportunity to offer another convenient, easy financing option at checkout.”. Our editors and reporters thoroughly fact-check editorial content to ensure the information you’re reading is accurate. Our goal is to give you the best advice to help you make smart personal finance decisions. Equal Pay 0% promotional APR on Purchases of $50 or more for 6 months. 0% promotional APR on Purchases of $250 or more for 12 months. Our mission is to provide readers with accurate and unbiased information, and we have editorial standards in place to ensure that happens. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. With a fixed APR of 12%, your options would look something like this: You should pick the shortest duration you’re able to afford, saving yourself some money by reducing the amount of overall interest the balance will accrue. Bankrate.com does not include all companies or all available products. The longer the time period you choose, the smaller your payments will be — but the more interest the balance will accrue, and the more you’ll spend in total. For cardmembers utilizing AutoPay, it’s advised you modify your settings to steer clear of accidentally paying off the full balance in lieu of your new, monthly payment plan. Maybe a Citi Flex Loan could help finance that. If you use a promotional 0% APR balance transfer or purchase offer, your Citi Flex Plan can make it harder to pay that balance down. That’ll increase your monthly payment by $94, bringing your total monthly payment to $109. If these branded programs don’t do it for you, you could research loans through other financial institutions. For American Express cardholders, there are the Pay Over Time and Pay It Plan It® financing programs. So if purchases you make with your credit card carry a higher APR than that of your Flex Loan, you’ll have to pay down your purchase balance before you can apply any extra payments to the loan (the same goes for balances from balance transfers and cash advances). The Citi® Diamond Preferred® Card, from our partner, Citi, is a solid option for those looking to consolidate debt and pay it off over an extended period of time.With 0% APR … Passive income ideas to help you make money, Best age for Social Security retirement benefits, Chase boosts rewards on groceries for new Freedom and Freedom Unlimited cardmembers, Amex announces “3 for All” limited-time offer for cardmembers who refer a friend, Privacy policy / California privacy policy, Purchases of $100 or more: 3 equal monthly payments (6.74 percent APR), Purchases of $149 or more: 6 equal monthly payments (6.74 percent APR), Purchases of $300 or more: 12 equal monthly payments (6.74 percent APR), Purchases of $600 or more: 18 or 24 equal monthly payments (6.74 percent APR), Purchases of $1,200 or more: 36 or 48 equal monthly payments (8.74 percent APR). The APR stays the same, but the monthly payment … It could save you a good deal of money on interest. All Rights Reserved. Just be sure to check out the APRs (and application fees) and compare them to what you’d get from a Flex Plan. Our Take Review and select one of Citi's 0% Intro APR credit cards for use on purchases or balance transfers. The Citi Flex Loan offers a lump sum of cash, while the Citi Flex Pay plan lets you choose one credit card purchase to pay down over time. Bankrate, LLC NMLS ID# 1427381 | NMLS Consumer Access But this isn’t the worst thing in the world, because at least that balance won’t be accruing interest. Citi prioritizes balances with higher APRs when you make payments in excess of the minimum payment due. That means by taking advantage of one of these offers, you’d end up saving yourself money on interest. Both let you choose the duration of payments, and have certain advantages and disadvantages. If you choose by mail, you can expect to see your check in up to ten days. A 0% interest credit card is a card that does not charge interest on purchases for a certain number of months after account opening. Rating image, 4.5 … We have some strategies that can help with that. Whether you choose to work with a financial advisor and develop a financial strategy or invest online, J.P. Morgan offers insights, expertise and tools to help you reach your goals.Check here for latest You Invest℠ offers, promotions, and coupons. Just keep an eye out to see if Citi has reached out. Card Details [ + - ] While the minimum payment will go towards your purchase balance, the excess payments you make will only affect the Citi Flex Plan balance. EDITORIAL DISCLOSURE: The editorial content on this site is not provided by the companies whose products are featured. They can hinder more than help if you use them improperly, so you’ll need to weigh your options carefully. After the applicable promotional period, your standard Purchase APR will apply. 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