Loan with an introduction rate

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• Mute

DANixy Quicken Windows Subscription Member ✭✭

August 2022 edited September 2022 in Budgeting and Planning Tools (Windows)

I have a loan that has an introduction rate. Basically, if it has 0% for the first six months. How do I enter this into Quicken?

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Answers

• 

  UKR Quicken Windows Subscription SuperUser ✭✭✭✭✭

  August 2022

  Is that a mortgage or is that a store credit card with a sweet deal to "purchase something and pay no interest for the first 6 months"?

  In the first case, set up the mortgage account as offline, manual account with 0% interest rate for the entire duration. After 6 months change the interest rate to what it'll be then, for the remainder.

  In the credit card case, just set up the credit card account. Quicken can't create a mortgage-like payment plan for credit card accounts.
  

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