how to track credit card rewards

[David Carlson]

Thanks for the suggestions.

Point values certainly do change.  Even within the same plan.  One of my
reward cards has a long list of retailers that accept their points, but at
different values.  I need to have a solution that can handle that.  I do
not expect to keep a hard exchange rate to my local currency to use in net
worth reports..

I think that the exchange rate tool allows a different rate for every
transaction, but that is something I am not sure about, or whether I can
use the same fictitious 'currency' for several different accounts.

I also would like to keep each flavor of points separate because one of my
objectives is to identify which ones are more likely to accumulate enough
to trade for something I can actually use and estimate how long it might
take.  Free movie tickets at a theater in a town 50 miles away just don't
work for me, but some of them (like Discover Card points) can be used as a
partial payment on the account.

David C

On Wed, Oct 19, 2016 at 8:54 PM, Oon-Ee Ng <ngoonee.talk at gmail.com> wrote:

> Be careful about those reward points though, their value changes from
> time to time (normally with due warning of 21 days or something to
> that effect), at least in my country.
>
> On Thu, Oct 20, 2016 at 3:12 AM, Edward Doolittle
> <edward.doolittle at gmail.com> wrote:
> > There have been discussions about this issue in the past on the list. One
> > solution is to use the XXX currency.
> >
> > On 18 October 2016 at 17:38, David Carlson <david.carlson.417 at gmail.com>
> > wrote:
> >
> >> Hi. I want to set up an asset account to track credit card rewards,
> which
> >> are probably similar to airline miles. They are not a currency or a
> >> security but they have an exchange rate when they are earned or used.
> >> I cannot call them a currency but calling them a stock seems to add too
> >> much complication since they come and go frequently
> >> Can I simply set up an account similar to a foreign currency account
> with a
> >> fictional security name as the commodity and no actual security to buy
> or
> >> sell?
> >> This would be mainly to trigger the exchange rate feature so I can trade
> >> 100 Amazon Points for one Dollar off the bill
> >>
> >> David C
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> >
> >
> > --
> > Edward Doolittle
> > Associate Professor of Mathematics
> > First Nations University of Canada
> > 1 First Nations Way, Regina SK S4S 7K2
> >
> > « Toutes les fois que je donne une place vacante, je fais cent mécontents
> > et un ingrat. »
> > -- Louis XIV, dans Voltaire, Le Siècle de Louis XIV, Chap. XXVI
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