Interest payments showing as "spending"?

[RC2016]

Hi there,

I have stopped almost all credit card spending, and when I do charge something I try to make a bonus payment to cover the amount spent. But I just noticed that some of the interest fees on existing balances are being registered as "Purchases." That can't be right, can it? It is resulting in large recommended "Stay-on-Track" payments on top of my existing monthly commitment, to cover the past month's "spending."

I thought the payoff plan already took interest rates into account to calculate a debt-free date?

[Debtonate]

Hi RC2016 - you're right about distinction between interest and purchases and the plan indeed takes that into account. Your month's goal is higher than your commitment only if you have extra transactions other than interest. I see your concern about some of your fees having the word 'purchases' in the description. Description of transactions comes from your bank but we were able to identify and categorize your fees correctly.

I checked your account to confirm that you had some purchases in Capital One Statement for March which are now showing up in higher commitment for April. You can always change your monthly goal to an amount that you're comfortable with. You're making great progress already! Keep it up.

Let me know if this helps.