[GNC] How to Handle Mastercard Points

[Murugan Mariappan]

i am sure you would have figured it out from various inputs from the forum, thought of concisely capture it for all.  i have assumed 10,000 points = $100.  you have to create  a security as Mastercard Points and use the same




+---------------------------------------------------+---------------------------------------------+-------------+-------------+
| **Scenario**                                                        | **Account**                                               | **Debit**   | **Credit**     |
+---------------------------------------------------+---------------------------------------------+-------------+-------------+
| **Earning Points**                                               | Deferred Asset - Mastercard Points          | 10,000 pts  |                      |
|                                                                             | Mastercard Points Earned Revenue           |                   | 10,000 pts     |
+---------------------------------------------------+---------------------------------------------+-------------+-------------+
| **Redeeming Points for Cash**                          | 
|                                                                             | Cash (or Credit Card Balance)                   | $100          |                      |
|                                                                             | Deferred Asset - Mastercard Points         |                     | 10,000 pts   |
+---------------------------------------------------+---------------------------------------------+-------------+-------------+
| **Redeeming Points for Merchandise**              | 
|                                                                             | Merchandise Expense                                | $100           |                    |
|                                                                             | Deferred Asset - Mastercard Points          |                     | 10,000 pts  |
+---------------------------------------------------+---------------------------------------------+-------------+-------------+
| **Points Expire**                                                 | Deferred Asset - Mastercard Points         |                      |    5,000 pts |
|                                                                             | Mastercard Points Earned Revenue           |   5,000 pts   |                   |
+---------------------------------------------------+---------------------------------------------+-------------+-------------+






Saludos Cordiales



Murugan





________________________________________
From: gnucash-user <gnucash-user-bounces+m.muruganandam=hotmail.com at gnucash.org> on behalf of R Losey <rlosey at gmail.com>
Sent: Tuesday, January 06, 2026 14:18
To: Jerry Criswell (JC) <jcriswell58 at gmail.com>
Cc: GC Help <gnucash-user at gnucash.org>
Subject: Re: [GNC] How to Handle Mastercard Points


If you want to track them (I don't track credit card points until I use

them, and then they show up as income as reward income), you could do as

follows:



Create a "MC Reward" (or whatever you choose to call it) asset category (I

have a placeholder Rewards account that it is under), and assign the

currency of that account to be something like MCP (MasterCard Points - or

whatever; this can be a made-up "Security"). Then, you can add points as

they accrue, and, when they are redeemed, you can take away the points.





On Mon, Jan 5, 2026 at 5:51 PM Jerry Criswell (JC) <jcriswell58 at gmail.com>

wrote:



> I'm reconciling the import of my Quicken file which shows the posting of

> points from MC as both a charge and a credit. This ends up as a zero

> effect instead as a payment.  To make this reduce the balance, what

> should the off setting account be?

>

> JC

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