Wallet enables you to input your credit limit when adding a credit card, helping you in tracking your spending against the limit to prevent overspending. The statistics feature allows you to monitor your current balance in relation to your credit limit, providing a comprehensive overview.
A credit limit is the maximum amount your Credit Card can borrow. This is set by the Credit Card provider and is based on various factors like your credit score and income.
Credit Balance represents the amount of money you currently owe on your credit card. It rises with purchases and decreases with payments.
Total Credit Limit is the maximum amount you can borrow with your credit card, determined by factors like credit score and income. Wallet lets you set your payment due date, helping you track and pay on time to avoid interest charges.
How to Add a Credit Card
Adding Credit Card through Bank Sync
- Add a account and select Bank Sync
- Go through the process in how to connect my bank
- When you connect to the bank, your card should appear as an option to connect
- Account Missing, That means that we are currently not supporting that type of account.
Adding Credit Card as Manual Account
If your bank is not yet supported in Wallet, you can add your credit card manually.
Android
- Follow the article Overdraft Account Types or Select the icon (⚙) and select "accounts" and again select the + (plus) icon to add a new account.
- Choose 'Manual Input' and fill in all necessary details (name, bank acc. number, type (Select Credit Card), credit card limit, currency etc.)
- Confirm saving the account
iOS
- Follow the article Overdraft Account Types or go In the 'Accounts' tab, add a new account by clicking on (+) button
- Choose 'Manual Input' and fill in all necessary details (name, bank acc. number, type (Select Credit Card), credit card limit, currency etc.)
- Confirm saving the account
Web App
- Follow the article Overdraft Account Types or In the 'Accounts' section, add a new account by clicking on (+ Add) button
- Choose 'Manual Input' and fill in all necessary details (name, bank acc. number, type (Select Credit Card), credit card limit, currency, Due Day Of Month etc)
- Confirm saving the account
Credit Card Balance Setup
When you set up your account you can now change how your credit card balance is displayed.
- Select the type as 'credit card' by tapping on the Type field.
- In the 'Balance Display Options' field, choose either
- 'Available Credit' (this will show a positive balance of the amount you still have available)
- 'Credit Balance' (this will show a negative balance of the amount you owe)
- This gives you the power to choose how you'd like to view your card's balance in Wallet.
Opposite Credit Card Balance
If you are having issues with your credit card balance and it is showing as opposite please follow this article Opposite Credit Card Balance