How Credit Card Repayments Work

Before you start using credit cards in Pixel Budget, make sure you have added at least one credit card account:  ⁠⁠Adding Accounts⁠ 


How Credit Card Purchases and Repayments Work

When you make a purchase with a credit card, ideally you repay the full amount within the grace period (usually around 30 days).
If you don’t repay the full balance, the remaining amount becomes debt and interest is charged on it.


Repaying the Credit Card (Without Interest)

In Pixel Budget, a credit card repayment (without interest) is recorded as a transfer from your checking account to your credit card account.
When adding this transaction:
    Select Transfer as the transaction type.
    Select your checking account as the From Account.
    Select your credit card account as the To Account.
This reduces the balance of your checking account and the outstanding balance of your credit card account.


Paying Credit Card Interest

If interest is charged, that portion is considered a real expense.
In Pixel Budget, interest is recorded as an expense transaction from your checking account.
When adding this transaction:
    Select Expense as the transaction type.
    Select your checking account as the From Account.
    Select the expense category used for tracking interest (for example: Bank Expenses / Interest).
This ensures interest is properly tracked as spending.
To learn more about adding transactions, see this page:  ⁠⁠Adding Transactions⁠ 


Two Common Repayment Scenarios

There are two typical situations when repaying credit card debt:

1️⃣ You start with a $0 balance and always repay in full next month

2️⃣ You already have a larger credit card balance and want to repay it over several months