At wits end with credit card statement credit
Been with YNAB for about two weeks and pretty much everything has made sense so far...except for this. The situation is simple, on my Amex I receive a statement credit for travel incidentals up to $200 a year. I charged about $100 to the card in incidentals and a few days later the amount was reimbursed by Amex. Now, I have read every thread and article that I have been able to get my hands on discussing how to categorize statement credits and how credit cards work, and based on these articles, I'm to categorize the statement credit as "Inflow - To Be Budgeted." Per these various sources, this should not increase the total To Be Budgeted amount, and instead should just decrease the balance on my credit card (which is what has happened in the real world). But, when I categorize the $100 credit as Inflow - To Be Budgeted, the total TBB amount goes up.
Where the heck am I going wrong?
Hi Turquoise Sidewinder ! Welcome to You Need A Budget!
Did the $100.00 statement credit cause your American Express credit card to have a positive balance by chance?
When your credit card has a positive balance, YNAB treats it like any other cash account—the positive balance is added to your To be Budgeted amount. You can use the Selected Total feature to select all of your transactions in the account, up to that credit to see if it did.
I see you sent in a message via the app, and I'll follow up there as well! 🙂Reply