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Credit card page

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  • Once your link a credit cards, all of your new credit card charges will automatically upload on this panel

  • All you need to do is assign each charge to one of your sub-accounts.  You can drag and drop a charge to assign it to one of your accounts or you can select one or more charges and then choose the account from the dropdown menu and assign the charge(s) to that account.  

  • As you assign your charges, Otto moves this amount into your Credit Card Payoff Account and calculates how much money you still have available to spend.  Hover over the calculator icons to see these calculations.

  • If you do not have enough money in an account to cover a charge, you will not be allowed to assign the charge to that account.  

    • If desired, on the Dashboard, you can move additional funds into an account from a different account.​

  • Your credit card payments upload and are automatically “assigned” to your Credit Card Payoff Account.

  • Click Edit to edit a credit card charge.

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  • Click Edit in the right upper corner of the Assign your charges panel to open this modal.

  • Click the trashcan icon to delete a charge.  You will be asked to confirm this.

  • Edit the description of a charge for easier identification.

  • Click the split icon to split a charge and assign it to multiple accounts. 

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  • If desired, edit the separate descriptions of the split charge.

  • Enter the amount you wish to split off.  Otto will calculate the remaining amount.  

  • Click Save.

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  • The Credit Card Tracker makes sure you always have enough money in your Credit Card Payoff Account to cover your credit card balance(s).

  • The bar underneath the credit card monitors your credit utilization (the percent used of your credit limit).  Watching this bar helps you keep your credit utilization below below 30% to maintain your credit score, or below 10% to build your credit score.  

    • If your credit utilization bar shows 0%, you might need to manually update your credit limit on the Accounts page.​

  • Once all of your credit card charges have been assigned, the Difference between the balances of your your credit card(s) and your Credit Card Payoff Account should always be zero.​​ 

​What if the Difference of the Credit Card Tracker is not zero?

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  • Otto is designed to be used with credit cards that can be completely paid off.  To give you a fresh start, we recommend that you pay off your credit cards before you get started.

  • ​If the credit card you are using is carrying a balance, once all of your credit cards are assigned, the Difference represents past credit card charges that you still need to cover. 

  • To cover this outstanding balance we recommend doing the following:

    • Determine how much money you wish to put towards this outstanding balance each time you organize your income. ​​

    • BEFORE you organize your income, on the Dashboard, move this amount from your Income Account into your Credit Card Payoff Account.

    • AFTER you organize your income and make any necessary transfers, make a manual payment to your credit card for the entire amount in your Credit Card Payoff Account.

      • This payment will cover your most recent credit card purchases along with the extra money you are putting towards the outstanding balance.​​

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  • Occasionally Otto will bring in a charge twice.  The Credit Card Tracker helps to catch these mistakes.  If you have assigned all of your charges and the difference is not zero, but a positive number, look over your assigned charges to see if there are two of the same charges.  If this is the case, reverse out one of these and delete it.  

Difference not zero
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  • You can drag and drop a charge to assign it to one of your accounts or you can select one or more charges and then choose the account from the dropdown menu and assign the charge(s) to that account.  

  • As you assign your charges, Otto moves this amount into your Credit Card Payoff Account and calculates how much money you still have available to spend.  Hover over the calculator icons to see these calculations.

  • If you do not have enough money in an account to cover a charge, you will not be allowed to assign the charge to that account.

  • Click the colored arrows to see the charges assigned to an account.  

  • Reverse out a charge by clicking the reverse arrow button. 

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  • Your credit card payments upload and are automatically “assigned” to your Credit Card Payoff Account.

  • Other negative charges, such as returns and credit card reward redemptions, are also automatically assigned to your Credit Card Payoff Account.  

    • If you would like to assign these to another account, click the reverse arrow button and assign it to the desired account.  *Please note: You can only assign a negative charge if the Total Assigned amount is equal to or greater than the negative charge amount.​

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