CREDIT CARDS
Update a credit card when its name, outstanding balance, credit limit or other information changes.
3 min readBEFORE YOU START
Review the card before editing so you can update only the information that no longer reflects the card correctly.
The credit card you want to update
The current outstanding balance
The current credit limit, if tracked
Any card name or currency information that needs reviewing
STEP BY STEP
Go to Credit Cards and select the card you want to update. Review its current balance and details before making any changes.
Open the card controls and choose Edit card to update the information stored in your MoniTrak workspace.
Change the card information that no longer reflects the current position. Leave the other details unchanged.
Changing the outstanding balance changes the amount represented as card outstanding in your MoniTrak financial picture.
Check the updated card information before saving. MoniTrak can then use the revised values throughout your workspace.
WHAT HAPPENS NEXT?
In this example, reducing the Everyday Card balance byAED 1,500 reduces total card outstanding by the same amount.
The illustrative position increases by AED 1,500 because the outstanding card balance decreased by AED 1,500.
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