how to handle Cashback as statement credit : r/ynab - Reddit

Get the Reddit app Scan this QR code to download the app now ... A discussion subreddit for popular budgeting software You Need A Budget. Feel free to post any news, questions, …

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Turning A Credit Card Statement Credit Into Actual Cash : R/ynab

2 weeks from now

I think you may be overthinking a tad bit. You want to know how to make that $200 statement credit be cash in YNAB…. So the way this happens is you spend $250 (prebudgeted dollars) …

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Credit Card Cash Back : R/ynab - Reddit

2 weeks from now

The not in my hands statement kind of made it click. It's a credit with that particular CC not real cash back in your hands. I can't choose to spend that $50 anywhere else but that CC so that …

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How Do You Handle Credit Card Rewards Statement Credits? : R/ynab …

2 weeks from now

They aren't automatic discounts. An automatic discount is what you get with the Target RedCard, where you pay 5% less at time of purchase. A statement credit is a balance reduction on your …

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Does It Personally Matter If You Get Cashback As A Statement

2 weeks from now

Right, so the card effectively becomes a 1.98%-1.99% cashback card (instead of a "true" 2% card) if one prefers to redeem cashback as a statement credit. It's not really a big difference by …

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Cash Back As A Statement Credit Or Deposit In My Account? : R

2 weeks from now

This is correct. If you use "statement credit" as your redemption option with Citi Double Cash, you effectively get 1.98% cashback instead of 2%. That means for every thousand dollars you …

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FAQs about how to handle Cashback as statement credit : r/ynab - Reddit Coupon?

Can I use cashback to pay my credit card bill?

If you are using your cashback to pay your credit card bill like I do, I would just add the cashback as a Deposit/Ready to Assign in your credit card in YNAB. I do this when I pay my Apple Card. I enter the transaction on my credit card budget account as "rewards" and add them as inflows to my eating out budget. ...

Can I redeem my credit card reward as a statement credit?

If you choose to redeem your credit card reward as a statement credit, that reward will reduce the balance you owe on the credit card. It does not give you any new cash in your checking account—it just lowers your credit card balance. Here is how to enter it into YNAB: ...

Where do statement credits go?

For statement credits, they go to the relevant card accounts. I use my “Extra Income” category as a slush fund during the month if I want to. At the end of the month, I dump whatever is left into a “Living Below My Means” category, which I periodically dump into a longer-term savings category. ...