Pay credit card with points question
I was wondering how I would go about handling my credit card if i choose to use my reward points to pay off some of the owing.
We pay our credit card in full each month so I was thinking that the amount we pay with points would somehow end up back in our to be budgeted but I am not sure how to go about this.
Thank you in advance
Enter the statement credit with the category Inflow: To Be Budgeted. This will reduce the balance on the card but it will not change the Available amount in your Credit Card Payment category (it doesn't automatically move from the CC payment category to To Be Budgeted, if that's what you are expecting to happen). However, since the Payment category will now have more than needed to pay the remaining balance of the card, you can move the excess to whatever other category/ies you like.
The most significant advantage is the Budgeted header remains accurate. A fair number of users rely on that to gauge the split between this and next month funding.
Ah, I appreciate the clarification. I personally pay zero attention to that header except for the SFTF warning so that didn't even occur to me.