Chase is offering quick loans on your CL similar to Citi and Amex - The My Chase Loan

[Anonymous]

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@CreditCuriosity wrote:

No soup for me but always have citi flex loans if needed that i alway have if needed

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What is the difference between citi flex loan and balance transfer?   Both will still eat up my credit line, right?    Then isnt balance transfer better when this are promos like 0%?

[joltdude]

The citi flex loan usually is a worse rate than a 0% bt.. advantage its cash sent to your checking account ... and you still can use the card ... unlike a BT where if you have an ongoing BT its not easy to use the card for daily purchases without getting hit with interest (theres a few exceptions.. theres workarounds for both Discover and Cap one... Discover you try for a 0% on new purchases on top of the BT and Cap One calculates different, but have been told you can use a bt, and still keep your grace period on new purchases.. if i understand it correctly, perhaps someone with a CapOne can explain it more accurately) .. and you can draw it out a citi flex loan longer than a 0% bt... thought i saw 36 mo as an offer.. 

[Anonymous]

I think a 0% BT is a better route assuming that person has other cards to use interim.

I logged in to see what Chase was offering, and it was $11K of my CL with 8.99-10.99% APR. lol

That's pretty much the standard, so no thanks. If it were closer to 5% then I might have considered it.

[Anonymous]

I have this as well!

I'm on the desktop verison.

Clicked on my Freedom Unlimited account, then Manage Account, then scroll down Credit Options and Tools.  I clicked here and am given a window that says something like My Chase Loans.  If I click on Request a Loan, it takes me to yet another window that says I can take out a loan on my Freedom Unlimited Credit Line (which is currently $6400) of up to $5250 and no less than $3500 at 6.99% to 8.99%.

Interesting!

Thanks for pointing this out!