Balance Transfers on Mobile
When you make a transfer from one credit card to another, that's what we call a Balance Transfer. You might be paying off multiple cards to consolidate to one, or playing the zero-interest game. Whatever the reason, there are a couple of steps to handle this in YNAB.
These steps will assure your accounts and budget are accurate after the balance transfer.
Making a Balance Transfer
If the new credit card isn't in YNAB yet, add it as a new account. If you're transferring the balance to an existing credit card in YNAB, skip this.
Transfer money between accounts–this will be an inflow in the old account and an outflow in the new account which is taking on the new balance.
Check the budget and move money between the Credit Card Payment categories.
That's it! You've successfully transferred the balance between credit cards. Go you!