How should I categorize credit card payment transactions?

[davidshock05]

I have my checking linked and my credit card that i make all my purchases with. When a payment to my credit card pops up into my transaction list what should I categorize that as?

[Brad.warren]

Hi @davidshock05…welcome!
Here’s a post that may help:

How should I categorize money moving to savings or credit card payments

Is there a good way to categorize when funds are swept from your primary checking account into a savings account? Same question for when credit card bills are paid. We’ve already itemized the individual charges but aren’t sure what to do when the funds are swept from our checking account and paid to the credit card company. Would welcome any thoughts on this one!

[tnhunt49]

I’ve been wondering the same thing. In Transactions I mark the credit card payment as a Transfer. Hope that is correct and look for confirmation on this solution.

[dmetiller]

Yes, I think that’s pretty standard practice. The money out of your checking account to pay the bill is a transfer out. The money received by your credit card is a transfer in.