[GNC] How to Handle Mastercard Points

[Tom Route36]

Hi Jerry,

I'm replying to your original email here from yesterday; although I've 
read thru all the messages and suggestions up thru today.  I'm still a 
relative newcomer to GnuCash myself; but I had much the same situation 
as you described here.  I have a half dozen credit cards with rewards 
programs that I tracked for decades in Quicken.  When I moved to GnuCash 
though, everything (at least in regards to those credit cards) 
transferred over cleanly with no complications.

I'm guessing the reason for the easy transition for me is how I tracked 
those rewards in Quicken -- and how I continue to handle them the same 
way today in GnuCash.  I don't attempt to track my accrual or monthly 
balances of rewards points.  So there's no need for me to have a Rebate 
Asset account or some kind of Contra Liability account.  Whenever I 
choose to redeem rewards points, I just request the dollar value of the 
points get credited to my credit card account.  Then in Quicken (and now 
in GnuCash) I log that transaction as income to the credit card 
account.  The Quicken category (and now the GnuCash account) is simply 
called Non-Reportable Income.  That makes it easy for me to exclude that 
account from my other Reportable Income when tax time rolls around.

I'm not sure if my explanation here will help with your current Quicken 
import issue or not.  But if there's one piece of advice I can offer it 
would be to keep it as simple as possible when tracking rewards points.

Tom



On 1/5/2026 4:50 PM, Jerry Criswell (JC) 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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