Credit Card Rewards and Statement Credits on Mobile

If you're the proud recipient of a hard-earned cash back reward or a statement credit, you may be wondering how to categorize it on mobile. 

It's an inflow, so we'll default to categorizing it that way by choosing Inflow: Ready to Assign.

Since it's an inflow to a credit card account, though, you won't see Ready to Assign increase—unless it created a positive balance on the card. It simply reduces the balance owed on that card. This accurately reflects what happened in your account: the credit is applied, and now you owe less money.

If you're working to pay down debt, you're that much closer now!

But what if you had already budgeted for the entire balance on the card? Let's say you owed $75 before receiving a cash back reward for $5—and you already had the full $75 set aside in your Credit Card Payment category. Now you only owe $70.

Move that extra $5 to another category in your budget. Once you've done that, your Credit Card Payment Category Available amount will match your credit card account balance of $70.