I believed that they were treated like a separate entity, and whatever you had or spent on your card would be treated as if the "loan" wasn't there. If you already owe $3,000 on your credit card, with a monthly payment of $60, your new payment will be $166, with a combined balance of $8,000. Instead of getting $10,000, you’ll receive just $9,400. If you have a major purchase or a need for funds on a short-term basis, you can access the Flex Loan portion of your credit limit, and pay it off in as little as 12 months. Kevin Mercadante is a former mortgage loan officer emerging from the Financial Meltdown as a self-employed “slash worker” – blogger/freelance blog writer – on Out of Your Rut. Many or all of the products featured here are from our partners who compensate us. Citi Flex Plan. That makes it more of a promotional offer than an ongoing benefit, similar to the way credit card companies occasionally offer a temporarily low rate on new purchases and balance transfers. You can then choose to use the Flex Loan provision if it works to your advantage, or ignore completely if it doesn’t. If you paid $164 for 64 months, you will have paid $10,496 over that 60 month period … Opinions, reviews, analyses & recommendations are the author’s alone, and have not been reviewed, endorsed or approved by any of these entities. Their style??? In that way, it will function as a limited-use feature in very specific situations. The payment will also be added to your regular required monthly credit card payment, so you won’t have to worry about … It is being paid at the same rate as your current purchases but it's apr will determine if it gets what is over the minimum or not. We believe everyone should be able to make financial decisions with confidence. 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