i am sure you would have figured it out from various inputs from the forum,
thought of concisely capture it for all. i have assumed 10,000 points = $100.
you have to create a security as Mastercard Points and use the same
+---------------------------------------------------+---------------------------------------------+-------------+-------------+
| **Scenario** |
**Account** | **Debit** |
**Credit** |
+---------------------------------------------------+---------------------------------------------+-------------+-------------+
| **Earning Points** | Deferred
Asset - Mastercard Points | 10,000 pts | |
| |
Mastercard Points Earned Revenue | | 10,000 pts
|
+---------------------------------------------------+---------------------------------------------+-------------+-------------+
| **Redeeming Points for Cash** |
| |
Cash (or Credit Card Balance) | $100 |
|
| |
Deferred Asset - Mastercard Points | | 10,000 pts
|
+---------------------------------------------------+---------------------------------------------+-------------+-------------+
| **Redeeming Points for Merchandise** |
| |
Merchandise Expense | $100 |
|
| |
Deferred Asset - Mastercard Points | | 10,000 pts
|
+---------------------------------------------------+---------------------------------------------+-------------+-------------+
| **Points Expire** | Deferred
Asset - Mastercard Points | | 5,000 pts |
| |
Mastercard Points Earned Revenue | 5,000 pts | |
+---------------------------------------------------+---------------------------------------------+-------------+-------------+
Saludos Cordiales
Murugan
________________________________________
From: gnucash-user
<[email protected]> on behalf of R
Losey <[email protected]>
Sent: Tuesday, January 06, 2026 14:18
To: Jerry Criswell (JC) <[email protected]>
Cc: GC Help <[email protected]>
Subject: Re: [GNC] How to Handle Mastercard Points
If you want to track them (I don't track credit card points until I use
them, and then they show up as income as reward income), you could do as
follows:
Create a "MC Reward" (or whatever you choose to call it) asset category (I
have a placeholder Rewards account that it is under), and assign the
currency of that account to be something like MCP (MasterCard Points - or
whatever; this can be a made-up "Security"). Then, you can add points as
they accrue, and, when they are redeemed, you can take away the points.
On Mon, Jan 5, 2026 at 5:51 PM Jerry Criswell (JC) <[email protected]>
wrote:
> I'm reconciling the import of my Quicken file which shows the posting of
> points from MC as both a charge and a credit. This ends up as a zero
> effect instead as a payment. To make this reduce the balance, what
> should the off setting account be?
>
> JC
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_________________________________
Richard Losey
[email protected]
Micah 6:8
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