Convert Credit Card account to Loan account
We have a mastercard that we did a 0% interest balance transfer onto for the next year. We don't spend on that card otherwise. What's the easiest way to convert this to one of the new Loan accounts so we can get the debt tracking features?
Hi Tomato Orca ! We don't recommend converting credit card accounts to loan accounts. The loan planner features won't work correctly as credit cards compound interest daily, while loan accounts compound monthly. If you aren't going to be using the card at all, you could use a tracking account, or keep it on budget, and largely ignored until you're ready to pay it off.