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an_gel
Level 1

Credit Card Annual Fees

Are annual credit card fees for American Express considered a) bank charges or b) dues and subscriptions? Will it be the same for the annual credit card fee for an airline related credit card where travel miles or points are accrued (i.e. United Airlines)?

1 Comment 1
Rustler
Level 15

Credit Card Annual Fees

Bank charge expense works

 

rewards, any kind, that are accumulated on teh statement for a CC or ?? are not an accounting entry until you use them.  When you use them the reward is income (Other Income) and deposited to a cash type bank account and then you post the expense paying it from the cash account

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