Why cards are separate from loans

A credit card is revolving debt — it doesn't have a fixed payoff schedule the way a loan does. Because of that, Finlo tracks credit cards as their own entity, separate from Loans, with fields that match how a card actually works.

Setting up a card

• Name, institution, and last 4 digits — so you can tell your cards apart at a glance.
• Credit limit and current balance.
• Interest rate (APR).
• Statement day — the cut-off day your statement closes on.
• Payment due day — separate from the statement day, this is when your payment is actually due.
• Default bank account — pre-fills which account pays this card down.

Charges vs. payments

When you pay for something with a card, that's a charge — it raises the card's balance but doesn't touch your cycle balance (it's a deferred liability, not cash leaving your account yet). When you pay the card itself down, that's a payment — real money leaving a bank account, lowering the card's balance. The Credit Cards panel on your dashboard tracks both separately so you can see charges and pay-downs for the cycle at a glance.

Paying a card down

Open the card and hit Pay. Enter an amount, or use the pay in full shortcut to clear the current balance in one tap, pick the bank account it's coming from, and confirm. Utilization — how much of your limit you're using — is color-coded so you can spot a card getting close to its limit at a glance.