Master credit. Avoid the bank traps.
Keep track of each card's statement and payment dates. Wälo warns you before they are due, so you don't pay late-payment interest because of an oversight.
Advanced Financial Mechanics
Visual Statement Clock
The dashboard reads your settings and displays a countdown telling you exactly how many days you have before it generates debt and credit reports.
One purchase, one expense
Every card purchase is deducted from its budget category the day you record it and raises the card balance. When you pay the card, the payment lowers the debt: it doesn't count as a second expense.
Black-Card Treatment
Manage your entire Amex, Mastercard and Visa credit catalog in one consolidated place, with your overall debt limit calculated for you.
Your Cards
Amex Platinum
**** 3241
$ 2,940.00
Limit: $10,000
Chase Sapphire
**** 8912
$ 450.00
Limit: $5,000
Credit Card Manual
Automate your closing and payment dates.
Register Your Card
Go to the Accounts section and add your Credit Card. Set two key dates: the Closing Date (e.g. the 15th of each month) and the Payment Due Date (e.g. the 5th).
Use It Like Cash
Every time you spend with the card, the purchase is deducted from its budget category (e.g. Food) as soon as you record it, and the card balance goes up, without waiting for the statement.
Statement and payment alerts
Wälo warns you when the statement date approaches and reminds you of the payment due date before it arrives, and again if it passes. Paying the full balance before that date avoids interest on cards with a grace period.