BT Citi Flex loan?

[Mr_Mojo_Risin]

I was thinking about this last night, if I was to take a flex loan, can it be transferred like regular CC debt? 

I assume it can, but wanted to check the forums.

Citi has me at 14.99 on the flex loan offer, whew! Lol

Anyway, if it's something that can't be done, I'll pass.

Thanks for your time and wisdom!

[tcbofade]

Sure you can.

Accepting a flex loan adds the balance to your credit card balance which can be transfered to another card just like any other balance.

Good luck to you!

[Mr_Mojo_Risin]

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@tcbofade wrote:

Sure you can.

Accepting a flex loan adds the balance to your credit card balance which can be transfered to another card just like any other balance.

Good luck to you!

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I was thinking it would be OK. Just wanted to make sure.

I appreciate your quick reply!

[M_Smart007]

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@Mr_Mojo_Risin wrote:

I was thinking about this last night, if I was to take a flex loan, can it be transferred like regular CC debt? 

I assume it can, but wanted to check the forums.

Citi has me at 14.99 on the flex loan offer, whew! Lol

Anyway, if it's something that can't be done, I'll pass.

Thanks for your time and wisdom!

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@Mr_Mojo_Risin, I have tested the Citi Flex loan (3) times. (GP science)

I have taken for the full amount possible (80%) of CL.

There is no SP or HP, money can be transferred to an outside bank account. ( I have no Citi Bank Accts.)

The ACH happens before the Flex loan is actually approved.

I let the 80% report 1 time, took the Flex Loan out just before the 28th due date. Balance reported on the 2nd.

The other 2 times, I paid it off, within 1-2 days of posting to the CC Acct..

There are no fee's except the APR for the time the loan is open. (So far I have not been charged interest for the 3 loans.)

After it is paid off, they offer another one almost immediately. (Unlike the Chase CC loan, which is a one time deal)

No Pre-Payment Penalty.

(click image to enlarge(click image to enlarge)

[Mr_Mojo_Risin]

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@M_Smart007 wrote:

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@Mr_Mojo_Risin wrote:

I was thinking about this last night, if I was to take a flex loan, can it be transferred like regular CC debt? 

I assume it can, but wanted to check the forums.

Citi has me at 14.99 on the flex loan offer, whew! Lol

Anyway, if it's something that can't be done, I'll pass.

Thanks for your time and wisdom!

---

@Mr_Mojo_Risin, I have tested the Citi Flex loan (3) times. (GP science)

I have taken for the full amount possible (80%) of CL.

There is no SP or HP, money can be transferred to an outside bank account. ( I have no Citi Bank Accts.)

The ACH happens before the Flex loan is actually approved.

I let the 80% report 1 time, took the Flex Loan out just before the 28th due date. Balance reported on the 2nd.

The other 2 times, I paid it off, within 1-2 days of posting to the CC Acct..

There are no fee's except the APR for the time the loan is open. (So far I have not been charged interest for the 3 loans.)

After it is paid off, they offer another one almost immediately. (Unlike the Chase CC loan, which is a one time deal)

No Pre-Payment Penalty.

(click image to enlarge(click image to enlarge)

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Thanks for the detailed breakdown!

I thought about applying for the Navy Platinum, taking the flex loan and transferring the balance to have a 0% loan. 

I've never done a BT but this sounds like a good deal to me lol.

Anything I'm missing here?