How to Convert Credit Card Payments into Installments?

TimelyBills supports converting Credit Card Account Expense Transactions into Installments and also update account available balance accordingly.

Follow below steps to convert a new credit card account expense transaction in to installments:

1. Add an Expense: Start adding a new Expense from Dashboard.

2. Enter Payment Details:
   • Input the total amount you wish to convert and select Convert to Installments.
3. Select a Category:
   • Choose the appropriate expense category.

4. Choose Your Credit Card Account:

   • Pick your credit card account from the list from which you have made this transaction.
   • As soon as select the credit card account, an option 'Convert into installment' will be auto shown right below the expense amount. Check the screenshot below for reference.

5. Click on 'Convert into Installment' and

1. Set Number of Installments:

   • Adjust the number of installments and confirm the installment amount. Click Done when finished.

2. Review and Save:

   • Verify the installment amount and total number of installments. Note: Once created, these details cannot be changed, and they will affect your credit card available balance.
   • Click the checkmark icon at the top right to save your expense.

6. Monitor Your Installments:

• Go to your credit card account, select it, and check the Scheduled tab to view all upcoming installments.

7. Due Date Updates:

• As due dates approach for each installments, your available amount automatically will be updated