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Scheduled Transactions Using a Credit Card QU H&B 2006

 

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Scheduled Transactions Using a Credit Card QU H&B 2006 Arnie Goetchius 12-15-2006
Posted by Arnie Goetchius on December 15, 2006, 12:34 pm
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I have several Schedule Transactions, both regular and repeating set up
for my checking account so I know how to do that.

Can I do the same thing with a credit card account? For example, I like
to donate to a charity and would like to charge it to my credit card. I
set up the transaction in Scheduled Transactions, clicked Enter and it
shows up in the credit card register. However, I don't see anything like
a Scheduled Transaction with a bank where the next time you update the
instruction to the bank is "Sent".

It appears there is no way to "Send" an instruction to the credit card
company to pay the charity the amount I specify. Is that correct? Please
tell me if there is a way to do it.

Posted by Jay M Apple on December 15, 2006, 1:52 pm
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Don't think so, Arnie.

I use scheduled transactions in credit cards to be reminded/entered. For me
that allows me to tell a number of suppliers with repeating billing to
charge the card(s). The downloaded charge is matched to the scheduled
transaction previously entered.

Depending on circumstances some credit card scheduled transactions are
entered manually, most are set up to be auto-entered by Quicken. Use of
auto-entering came after many months of manually entering scheduled
transactions when reminded. It was - for me - just a case of getting
comfortable with the process.

Jay
QDlx 06

> I have several Schedule Transactions, both regular and repeating set up
> for my checking account so I know how to do that.
>
> Can I do the same thing with a credit card account? For example, I like
> to donate to a charity and would like to charge it to my credit card. I
> set up the transaction in Scheduled Transactions, clicked Enter and it
> shows up in the credit card register. However, I don't see anything like
> a Scheduled Transaction with a bank where the next time you update the
> instruction to the bank is "Sent".
>
> It appears there is no way to "Send" an instruction to the credit card
> company to pay the charity the amount I specify. Is that correct? Please
> tell me if there is a way to do it.



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