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1. 

   pmarinab
   Member

   Hello,

   I read the article about credit cards in Docs section, but I don't understand how to make this proccess in the app.

   5th day of every month, my bank charges in my account the debt of my credit card, and initialize it for the next month. For example:

   - 31th august:
   + Credit limit = 1.500
   + Debt = 500
   + Account = 10.000

   - 5th september
   + Credit limit = 2.000
   + Debt = 0
   + Account = 9.500

   - 30th september
   + Credit limit = 1.200
   + Debt = 800
   + Account = 9.500

   - 5th october
   + Credit limit = 2.000
   + Debt = 0
   + Account = 8.700
   ...

   I don't know if it's possible to do this automaticaly. If not, how can I make these 3 operations (increase limit, decrease debt and decrease account) in just one transaction??

   Regards

   Posted 1 year ago #
2. 

   trevort
   Member

   I dont understand why you want to change the credit limit each time? Credit limit is the amount of credit available on the card, which normally does not change.

   Generally when you pay for something with the credit card its an expense, Your debt goes up. When you pay off the credit card its a money transfer so your debt and account balance go down, and the credit limit is to tell you how much purchasing room you have left on the card at any time so that would only change if the bank changes your credit limit.

   My bank will only allow the credit limit to change once every 6 months...

   Posted 1 year ago #
3. 

   pmarinab
   Member

   Trevort, your are right, sorry.

   I made a mistake with credit limit. When I say "credit limit" I mean "credit available".

   Anyway, is it possible to transfer money from my account to my credit card every month to clear my debt? If it is not posible, I understand that the way is make a manual transfer with the exact amount, doesn't it?

   And the last question, in the credit card i can link it with other transaction types (sorry, I am using spanish version, I dont know how is translated to english). What is that option??

   Posted 1 year ago #
4. 

   trevort
   Member

   Credit available is just the limit - debt, so it should be updated on its own automaticly.

   To balance your payment you will have to do a manual transaction and specify the amount, there is no way of having it auto balance.

   There is a description of the link feature here. Its more meant for assets. For example you link your car to your car loan, car maintenance, and fuel. It will then show you with the Asset Cash Flow report how much your car is actually costing you.

   Hope that helps, I dont really use the link feature so I cant say much more than that.

   Posted 1 year ago #
5. 

   pmarinab
   Member

   Oh, that's a pity. I think that Credit card "autobalance" could be a great feature. I hope developers implement it in future...

   Thank you very much for your help trevort.

   Posted 1 year ago #

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