Citi Flex Plan: How It Works and What to Know

Citi Flex Plan lets Citi cardholders split large purchases into fixed payments or borrow cash from their credit line without cash advance fees. The service offers two options: Flex Pay for purchases and Flex Loan for direct borrowing. Flex Pay is available for purchases of $75 or more, with repayment terms and APRs varying by purchase. Flex Loan allows borrowing from $500 up to limits based on creditworthiness, with terms from one to five years. Both add monthly payments to the card's minimum due. Experts advise caution, noting interest can accumulate. Alternatives include 0% APR credit cards, balance transfer cards, or personal loans, which may offer cheaper financing depending on credit standing.