Balance adjustments for credit card redemptions

Hmm. I do my rebates as rewards, which is an expense category under Fees for me, so I am pretty sure you can recategorize your balance adjustments. Maybe you need to use a new payee. I call mine Chase Rewards or AmEx Rewards depending on the credit card. I could subtract them from anything I buy but since they tend to be all over the place, I just use my Ancillary category for things that cross categories, like fees and rewards.

I only get my rewards about once a week or with AmEx when I cash them in. Looking at my last Chase Rewards deposited into my Checking account, the description just says Chase Credit Card, so that would be hard to create a rule that differentiates between a payment to the card and rewards. I do find that happens some, so I just correct it.

I don't think that your credit card download has anything to do with the category that gets assigned. You can correct them as they come in and Simplifi should learn what you prefer.

Looking at my last AmEx reward, the description reads My Cash Reward s Refund so I just made a rule and assigned it to Ancillary:Rewards. No problem.

But the only time I get an automatic Balance Adjustment is from Zillow or Kelly BB, and even then I change them as I wish.

@DryHeat Interesting, and good fast work. I was testing some things too.

I would also like to know what the description says on the bank's download and what triggers Simplifi to assign it as an adjustment.

But regardless, Rules ought to be able to change any category.

Thanks for the update and for answering my question!

@DryHeat is much more the rules guru than I, and he uses QBP so those users really need rules. So I would defer to him. I tend to just correct the 12-15 transactions I get a week, and though I use rules some, I don't have much faith in them.

I should think that you could make a rule using the downloaded name of Travel Reward to change to assign it the travel category. This is what I would try.

Why Simplifi is changing it to balance adjustment is strange. To me, Balance Adjustment is a temporary expedient that the user employs whenever his balance gets off (See the mess on Thursday/Friday) until it rectifies itself or one finds the missing transactions.

It is why I am chagrined to see Zillow and KBB enter balance adjustments; it's really depreciation/appreciation. I personally just change it to transfer until I am ready to update the depreciation myself. All of this is personal preference though.

Rules are so hit and miss. After going a couple of months with Walmart payees getting applied correctly, I got two Wal-marts yesterday with the wrong categories. I already have a rule that Wal-mart is Walmart and is gasoline if less than or equal to $25 and food if more than $25. I just fixed them. No sense bothering with the rule.

With all that said, it looks like you have found a bug or at least an anomaly, and thank you for bring it to the group's attention.

This is just plain dumb. Apparently, once Simplifi decides it's a balance adjustment, it just won't change it. I hope this gets addressed. I would keep changing it to Travel manually in hopes that Simplifi will learn your preference while we hope this gets fixed.