Schedule credit card payment as a percentage of card's unpaid balance to payoff in 6 months
Assume I need to pay off a credit card in 6 months to take advantage of an interest free promotion period for purchases. Is there a way to schedule in advance, monthly partial payments of the next six months' unpaid balances as 1/6th 1/5th 1/4th etc. of those balances with the last payment being "1/1th" thereof? I don't believe it is possible in Quicken (I suspect I have to enter the payment amounts manually every month) but I thought I would ask anyway. Also, the card will be used during the six months, and whatever the 6th month's balance may be, the last payment will be 100% of that balance, so this is more about how to schedule the first 5 payments in advance.
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Best Answer
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Yep, manual is your only way to go since you'll still be using the card and thus both adding to and paying off the balance.
Q user since February, 1990. DOS Version 4
Now running Quicken Windows Subscription, Business & Personal
Retired "Certified Information Systems Auditor" & Bank Audit VP5
Answers
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Yep, manual is your only way to go since you'll still be using the card and thus both adding to and paying off the balance.
Q user since February, 1990. DOS Version 4
Now running Quicken Windows Subscription, Business & Personal
Retired "Certified Information Systems Auditor" & Bank Audit VP5
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