Credit Cards - RightCapital Help Center

Credit cards can be accounted for within a financial plan via the Net Worth section of the Profile, which is where all of a client's assets and liabilities are entered, along with their current balances. By default, the Net Worth is also the 4th step of the initial data entry process for newly created clients:

There are two ways to add credit cards in the Net Worth tab. The first method involves Linking Accounts via Account Aggregation, while the second method is to Add Accounts manually. See below for an overview of each method.

Account Aggregation

If you are a premium or platinum RightCapital subscriber, your clients can link their credit cards directly to RightCapital via Account Aggregation. This will automatically pull in current balances and account transactions, allowing your clients to make use of the Budget module. Linking accounts via account aggregation can be done by clicking the Link Account button in the upper right of the page:

Within the pop-up window that appears, clients can use the search bar to find a given financial institution (or click one of the available quick links). They will then be guided through the steps to link their accounts at that institution. This typically involves entering their username/password, and completing some form of multi-factor authentication.

After accounts have been linked, they will populate in the appropriate account category on the left side of page. You and your clients can utilize the Connections menu to view and manage all active account connections:

Account Aggregation Availability

Trial

Basic

Premium

Platinum

Want to upgrade to use account aggregation? Send us a note using the in-app chat feature (or shoot us an email at support@rightcapital.com) and we'll get you set up shortly!

Adding Credit Cards Manually

To manually add a credit card to a client's Net Worth section, click Add Account > Card:

In addition to the Account name, Balance, and Owner, credit card entries will also ask for Monthly and Minimum payment amounts and an Annual Percentage Rate (APR). After being added, credit cards will populate within the Card section on the left side of the page.

Although credit cards must be linked in order to feed transactions into the Budget module, manually adding credit cards can be useful in cases where you want to model the balance being paid off within a client's plan. Please note that manually added credit cards will not reflect the client maintaining a balance.