Vacation Credit ?
I booked a house for Spring Break and it was paid for using my Visa CC. The company I rented from is returning the money because of the Coronavirus. This is for a few thousand dollars, I'll always have a credit on my account. Is it possible to move expenses I charge onto my Visa to be taken out of my American Express? If not how do I handle this?
Spring Green Trumpet said:
Is it possible to move expenses I charge onto my Visa to be taken out of my American Express?
No, transactions mirror those in the real world. Money can be reallocated between different CC Payment categories, if you want the debt to be carried on a different card.
Hi Spring Green Trumpet ! How did you categorize the refund back to your vacation category or as Inflow: To be Budgeted?
When you make a purchase on a card with a positive balance, no money will move to the Credit Card Payment category, since you don’t have anything to pay back.
Double check the Visa Credit Card Payment category, you may have more money than you need in the Payment column, and you can move money those dollars to another category.
You'll still enter and categorize spending transactions as usual, in the account you use for the purchase.