Bill Connect for Credit Cards: Share your feedback here!

I'm a little confused by the date information on the Bill Connect page.

On one of my credit cards (USAA), the "Statement closing date" is blank like this:

It says that I should "Set the statement dates…" but I can't find anywhere to do that.

This looks great! If I understand this feature correctly, it can automatically set a reminder to pay a credit card statement balance on the date that the payment is due. (It has other options as well.)

This will be perfect for me, as I usually set such reminders manually when the statements come in. My credit card issuers automatically take the payments from my bank account on the due dates, so that also matches up perfectly with what is happening in the real world.

If this works as advertised it will be a big help — exactly what I was hoping for.

This is great! I feel like the Cash Flow report is going to be much more usable now.

I understand that every payment is two transactions - a debit of one account and credit to the other. Therefore, you see two items in the "Reminders" area on the Transactions page and on the Bills and Income pages. However, it would be great if there was a way to display these two transactions as a combined "one payment" to simplify the view and reduce horizontal and vertical scrolling.

This is a great feature. I have been waiting for this ever since I made the transition from Mint. Worked like a charm when creating a new recurring series for 6 of my credit card payments and selecting the bill connect feature. Connecting to Apple card Bill connect is a bit more challenging and I haven't been able to set it up yet. My ios app gives me a pop up window to log into apple card with username and password and then nothing happens. Not sure what I am doing wrong.

Another "quirk" : I see the same balance (from current billing statement) showing up for future months in the reminders tab. I have selected show statement balance and Due Date. I would recommend showing only the due date for these reminders and not the amount as this amount will change month to month. While the correct information will be pulled up eventually, it feels kind of wrong to see the same amount for the next 6 months.

@RobWilk , @SRC54

The feature explanation page here includes this a section "A Few Things to Know" which includes:

• This feature is best suited for users who wait for their statement to close before paying.

I have a credit card I pay off as I go like you do and I won't be including this feature for this account. I have one account that is set up for bi-monthly automatic payments that I may experiment with but will probably also leave as is and not update to a recurring transfer.

These recurring series show up under Transfers. So it wouldn’t affect anything as they are by default hidden from reports and budgeting.

I guess I'm one of the people this feature was designed for. I pay off the full statement balance on my credit cards on the day the payment is due using some form of autopay.

And it works better than I expected so far! I didn't realize that it was going to do 2 different things:

(1) It sets the upcoming payment (for example, the one due May 8) to match the statement balance on the last statement (for example, the one that came out April 11). This shows me exactly what is going to hit my bank account on May 8.

(2) To my surprise, it also continually updates the June 8 payment to match the remaining balance on my credit card (the amounts I have charged since April 11). This gives me a running preview of how much I have charged so far that I am committed to pay on June 8.

This is perfect for me. I run most of my expenses through a single credit card that gives decent benefits, so the total balance on that card can be large. This features shows me which part of that balance is going to hit the bank this month and which part will hit next month.

That's very helpful information. It gives me more information than my old system, under which I would have updated the May 8 the reminder when the statement came out but the June 8 reminder would have stayed at zero until the next statement.

web app too. disabling bill connect gets ignored and eventually turns itself back on.

I know I'm not the typical Quicken Simplifi user, but this new feature is a very mixed bag for me. I'm not particularly thrilled about it, but with some minor enhancement, it could work great. Right now, it's screwing up my cash flow forecast.

Here's my problem: I need long-term cash flow planning, and Simplifi now allows me to do that 12 months out, which is necessary and wonderful! I have a lot of active credit cards, more than most, I'm sure. Some I pay statement balance in full each month, and some I am paying minimum amount due because they're currently charging 0% interest. Why pay them off when I'm earning interest elsewhere?

Anyway, this feature just significantly understated my cash needs a month out. For the upcoming credit card bills the rest of May and early June, it looks like it might be working great. But for the next bill after that, it totally screwed me up! I had an estimated payment amount scheduled, and Simplifi just wiped that out, replacing it with only the current charges to the account, less my next upcoming payment. It's ignoring all the remaining charges that will be made to that card the remainder of the period. It is NOT useful to me to have it replace my forecast with its own flawed one. For example, I pay my casualty insurance company in monthly installments for several vehicles and my homeowner's insurance, and use the same credit card for my wife's monthly health and dental insurance payments. I usually use the card a few other times/month. I know my bill averages about $500/month, mostly due to the various insurance payments and the other miscellaneous charges. I had it forecasted as such, but I had manually updated the upcoming May 24 payment to be the full statement balance. Simplifi is now showing that this balance has a green check mark, which I assume means it's what the bank told it. That's fine. But my June 24 payment is currently showing $0, not the $500 I had forecasted! This is linked to my checking account, so Simplifi suddenly gave me an overly optimistic forecast for my checking account, to the tune of $500! I plan well in advance, and this is a problem.

At least Simplifi didn't mess up future months, so this error is limited to the one payment that follows the upcoming one.

The software needs to be fixed so it won't mess up my careful cash flow planning. How to do that? I'm not sure. For me, what I would like is an option to turn off this payment-after-next "forecasting" that assumes I will never use the card again! This feature may work well for others; if so, more power to them. I'm not asking the Quicken team to disable that; I'm asking for a more realistic method. For starters, it would be nice if I could opt out of payment-after-next forecasting. It's clearly a flawed approach. It's going to normally forecast a $0 bill and then step that forecast up charge by charge until that billing cycle has closed. I hope it's clear that forecasting a bill due 50 days from now as $0 and then gradually ramping it up to $500 by closing date is not helpful! I'd prefer to have an option to allow it do this, if for some reason that's helpful to anyone, but to opt out of it and allow my forecast to remain in place until the cycle closes and the credit card provider can provide the ACTUAL amount due. In other words, only change my upcoming payment forecast, and only do so ONCE after the statement has been issued.

This new FEATURE is actually a BUG as far as I'm concerned, and one that is going to cause me at least an hour's work, not to mention the amount of time I've spent trying to explain the problem in this message.

I know the feature is well intended, and might work well as is for some users. For me, one simple enhancement to it—providing the default option to leave all future forecasts alone, and only operate the way it's now working with an OPT-IN option for the currently open cycle—will make it a great feature for (nearly?) everyone.