With the control of credit card of Mobills, you can simulate the behavior of your credit cards controlling your shopping, bills, and payments. Some types of payment for credit card invoicing have already been created. On Mobills, you can make 3 types of payments, we'll explain below.
In this article we will cover the following topics:
It's the full payment of the invoice after the closing day. If your invoice closed with $700, for example, you will pay this amount all at once.
Let's imagine that the January/18 bill from my 'Card A' totaled $700, right? However, I only wish to pay $500.00 of that invoice. For this, I need to make a partial payment.
When I choose to make a partial payment, what does Mobills do? It closes the invoice (January/18) and creates an expense of $200.00 (Total of the invoice - which was partially paid) on February/18 invoice of Card A, which means, on the next invoice.
Some important details about partial invoice payment:
- When making a partial payment, the invoice is closed. You can no longer add expenses to that invoice;
- Invoice expenses that have been partially paid will be unified in the expense screen and will become a called 'Partial Payment';
- You can partially pay the invoice once.
Payment in advance
Some credit cards give the option to pay in advance the amount of an invoice that is still open so the invoice amount will be lower when it gets closed.
Let's imagine the same $700.00. Suppose you have extra money and you already want to pay a portion of the next invoice and pay $200.00. This will make your next invoice worth $500.00 when it arrives!
Details about this behavior:
- Paying in advance doesn't make the invoice close, you'll still have to pay what is left of the invoice when the payday arrives;
- You can make an advance payment more than once on the same invoice, different from the partial payment;
- If your final invoice value is 0 (zero), the invoice will close by itself on the closing day;
- If you have credit on the invoice, it will be transferred to the next invoice as credit from the previous invoice.