Cash Back Rewards

[John Ralls]

> On Mar 16, 2017, at 9:22 AM, Les <lelliott5 at gmail.com> wrote:
> 
> I have a credit card that pays a cash back after accumulating at least
> $50 @ 3% for each purchase.  How do I handle this credit against a
> current balance?

I have a similar "rewards" card. I book the rebates as a credit (i.e. a negative value) to the CC liability account and a debit to an "Expenses::CC Rebates" account because I'm too lazy to figure out how much of the rebate to allocate to each of the "real" expense accounts that it should apply to.

Regards,
John Ralls