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. 

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

Since it's an inflow to a credit card account, though, you won't see To be Budgeted 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:

You have $5 in your Credit Card Payment category you can move to any other category of your choice.

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