<topic sku="core" tNum="287963" author="sallyh" xmlns="x-schema:hhTopicSchema.xml"><index><title>Learn why you should track a credit card as an account and not as a bill</title><category>accounts</category><klink type="cncpt">Tell me why I should track a credit card as an account and not as a bill</klink></index>
<content>
<p>A credit card is a type of loan. Your charges are short-term loans made to you by the credit card company. To take better control of your finances, you should track the amounts you owe, including credit card debt. You can set up credit card accounts in Money and track just your monthly balance or all of the following:</p>
<ul>
<li>Individual purchases you make and their payees and categories</li>
<li>The credit limit for your card</li>
<li>Introductory and long-term interest rates</li>