[GNC] Credit Card Rewards Refund

[Gerald]

I also treat it as miscellaneous income, and account for it when received,
as a welcome windfall.

You COULD allocate it against the credit card expenditure, as negative
expense, which would be more realistic, but I like seeing a windfall gain
once a year and then treat myself accordingly.  Note that in some tax
jurisdictions it could be treated as taxable income.

On Thu, 14 Oct 2021 at 14:07, Steve Welch via gnucash-user <
gnucash-user at gnucash.org> wrote:

> Because the rewards aren’t necessarily attributable to any one expense (or
> to split them out proportionately would be a whole lot of work), I always
> book them to miscellaneous income.  I also include that income when I
> budget.
>
> Hope that helps,
>
> Steve
>
> Sent from my iPhone
>
> > On Oct 14, 2021, at 8:34 AM, rsbrux via gnucash-user <
> gnucash-user at gnucash.org> wrote:
> >
> > I have a credit card which, like a few others, accrues a small
> percentage (1-2%) of the amounts spent as a rebate.  The rebate isn't
> subtracted from each charge, but accumulates in the card account as "Reward
> Points" until I cash them in.  The amount is then credited to the card
> account as a payment.  Should such payments be recorded as income or as a
> negative expense?
> >
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