Flex Loans Coming to Business Cards?

Got a letter in the mail a few days ago that I just opened revealing new changes to my CitiBusiness AA card. The main point of the letter seems to just say that Flex Loan offers will begin showing on business cards (I'm assuming this also applies to the business costco card) effective September 30th. Flex Loans have been fairly helpful to me personally and I know many other cards have similar options but Citi is the most flexible in my experience. Coming to business cards is huge as business owners will now have access to credit and rewards through the card but also now basically a line of credit. Will be interesting to see the APR on these as I had pointed out in another post.

ToxikPH wrote: ↑Wed Aug 16, 2023 9:47 am Got a letter in the mail a few days ago that I just opened revealing new changes to my CitiBusiness AA card. The main point of the letter seems to just say that Flex Loan offers will begin showing on business cards (I'm assuming this also applies to the business costco card) effective September 30th. Flex Loans have been fairly helpful to me personally and I know many other cards have similar options but Citi is the most flexible in my experience. Coming to business cards is huge as business owners will now have access to credit and rewards through the card but also now basically a line of credit. Will be interesting to see the APR on these as I had pointed out in another post.

Chase gives me the option to use "Pay Over Time" and I have taken advantage of the loans. Used my Chase Business Ink Card three times over the last year. What they do is give me a loan rate based on the number of months I want to pay off and I choose. Appreciate the use as with moving and all there have been business expenses, and the loans help a lot. Just received an email on January 24, 2024, effective to a date in March 2024 that was so confusing it was unreal for one of my personal Chase cards. It seems they are changing the method of operating their pay overtime or whatever it is. After reading it and absorbing all the dangers involved, I will discontinue use as it is way too complicated for my infrequent simple needs. It scared me. Assume this is what was referred to in your posts for Business cards. Yes, I have one and will need to stop using the option if they make the amended account changes. Way more than my paygrade! Truly wonder if the complications are deliberate. Found another add ... I was under the impression that Chase would take from a payment enough once a month to satisfy the Pay as You Go and the rest of the payment would go against the current balance items? Well in my case they paid off the plan in two months (instead of six at 9.9%) and then charged me the going market rate of 17.49% on the large balance. This has happened twice. Let the first one go but I am BT'ing the rest and only paying Chase off to zero every month. No more Pay as You Go or whatever. I took it in the back twice and not a happy camper