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Credit Card Payment Question

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uxbal
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Credit Card Payment Question

Sat Jul 14, 2018 5:59 am
Hi,
I'd like to setup a monthly credit card payment (in a sense that my money is wired to my credit card to cover the expenses of the credit card, don't know the english expression).
But the problem is: my bank doesn't take the whole amount of the credit card monthly, but 10%, and interest on the amount I have spent on my credit card. Any idea how I could set that up in KMyMoney, or is it best that I manually enter interest every month?
Thanks for your help.
jmacleod
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Re: Credit Card Payment Question

Sat Jul 14, 2018 11:42 am
Don't think there is any way KMyMoney could calculate the 10% payment due or the interest.
Of more interest is that your bank only takes 10% - every credit card I have had you, the customer, defined the repayment figure eg minimum%, regular amount or, as I do, £full balance. The balance figure is that shown on the monthly statement - which is what I enter into KMM.
uxbal
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Re: Credit Card Payment Question

Sun Jul 15, 2018 5:19 am
Thanks.

Yes, upon researching, I found out it will be best to enter all these values manually. I anything, to avoid discrepancies based on miscalculations.

Thanks for your input, KMyMoney is about to make my life much easier.


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