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Installment Plan#55

G

Hi! Can you please add an installment plan feature for credit card transactions/account which includes the number of months and also the interest. This would be a big help. Thank you so much Wallet team!

a year ago
1
M

This is so important that I’m looking for another apps who have this feature, can’t organize my money without it.

a year ago
1
C

With BNPL in the game this should be a must!

a year ago
A

Seriously need this,it hard to track the installment credit manually from the wallet app now, it’s easy for Bnpl for planned payment, but for credit card installment is so hard, because it affected only on credit not the cash.

10 months ago
1

We encourage more users to come forward and express their interest in this feature. Once it gains more traction and we see a higher demand for it, we can pass it over to the developers for their consideration.

9 months ago

this is really very important, we make purchases and we need to know how our expenses are for the next few months, this is relatively simple to implement and a very important resource.

7 months ago
1
N

This is a feature that i cant find in any finance app out there, please add it!!

7 months ago
P

Need this feature so if purchase via credit card with installment, the initial amount won’t count towards expenses yet. It will just utilize available limit. The actual expense is when you we pay the monthly payment.

Also need a feature when we doing transfer from another account to credit card account it will count as expenses in statistics. This is much more accurate imo.

5 months ago
D

This is really needed I believe - also for me.
When a purchase is made and the Credit Card limit is reduced, but you have to pay back the amount in installments then the initial charge shouldn’t be considered an expense, rather the expense is each installment on the respected month/week that you pay back in the Credit Card account.
E.g. I have a Credit Card limit $18k , I am buying something that costs $6k with 6 equal value monthly payments (let’s say no interest) and so my Credit card account now shows a balance of $12k available.
The $6k value shouldn’t be considered the expense, and we should be able to show that in month 1 we paid back $1k, so we have $1k expenses and the new Credit card balance to be $13k (with $5k remaining to be paid back). This should be possible also if the amount is paid from another of our accounts to cover the monthly installment requirement.

I have seen something close to it in another app. You can make the transfers between the accounts to be taken into consideration as “expenses” for analysis or budget purposes.
So when you transfer the installment value from e.g. your saving accounts(or cash) to your credit card account (in our example $1k) this will be considered as an expense for the current month. accounts towards the loan account to be considered expenses. In the case of a mortgage is
The problem with the one I am mentioning is that also the initial transaction (in our example the $6k purchase) is considered an expense

Same for a any type of loans (like mortgage, car etc.), you can make the transfers from the rest of your accounts to your e.g. mortgage account considered expenses.

5 months ago
1

Agree with the feature, planned payments on the credit card accounts should also indicates it is using full amount of credit limit, if the credit card accounts, interest rate should be asked. It also should be asked if the installment type has the upfront fee or not

a month ago
2

Up up

a month ago
1

This feature is really needed, especially for users living in countries with high inflation rates, where paying in installments is actually an advantage and the real interest rate can be negative.
Also setting an automatic transfer from antoher account to pay the card, and reflecting the payment on each item bought in installments

21 days ago
1