How to deal with credit card product credits/returns..

For example, an apple product was purchased 2 weeks ago on my Apple Card assigned to "Electronics" category

Today its been returned and they credited my credit card - I also have this item categorized as Electronics so how to credit the proper entry?

 

Thanks

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  • That's it as far as transactions.

    If the refund takes the account balance positive, then you will need to mess around with the payment category. (One of many reasons to only pay the statement balance by the due date.)

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    • dakinemaui Huh?

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  • You did all you need to. If you ever overpay your credit card, you may need to move the money from the credit card category to TBB. But assuming you haven't overpaid, you should be fine.

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  • You've got it, Turquoise Hail !  The return can be categorized back to the same category. This article goes into more detail on credit card refunds with a quick video, if you're curious.

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