Credit Cards & Loans

Credit cards appear in the Net Worth section under Credit/Loans. If you have a synced credit card, Cadence automatically tracks your balance. Manual credit card accounts can also be added.

Your credit card balance updates automatically with synced accounts. For manual accounts, update the balance periodically to keep your net worth accurate. Balance history is charted over time so you can see trends.

When you make a credit card payment from a synced bank account, both the payment (from your bank) and the balance reduction (on the card) are reflected. See the Transfers & Payments article for how Cadence prevents double-counting.

Track mortgages, car loans, student loans, and other debts in Net Worth → Credit/Loans. Add them as manual accounts with the current balance and update as you make payments. As your loan balance decreases, your net worth increases.

Use the Goals feature to set a debt payoff target. Link it to a credit card or loan to track your progress. Cadence calculates whether you're on track based on your target date and current balance.

Credit cards and loans are liabilities that subtract from your total net worth. The Net Worth chart shows how your liabilities change over time alongside your assets, giving you a clear picture of your financial progress.