This release stayed only on credit cards. We started with an audit of the subsystem — how it was built, what it computed correctly and what was missing. Most of it was right, but there were gaps: installments showing in the list for years without context, no alert when you missed the due date, and credit-card payments were a blind movement that didn’t know which installments you were settling. Three sprints later, that’s fixed.
Link the payment to the installments you are settling
When you record a credit-card payment, an optional section now lists all your pending installments. Tick the ones you are settling and Monarka suggests the total as the amount; on confirm it marks them as paid. Linked installments disappear from Upcoming installments automatically. If you leave it untouched, the payment still works like before — it just reduces the general balance without touching specific installments.
Alert when you missed the due date
If days have passed since the payment date and there’s still a balance, the card shows a red overdue by N days notice. Next to it, a Record interest button takes you to a new expense pre-filled with the card and the description, ready for you to paste the amount your bank charged.
We don’t compute interest automatically: each bank uses its own rate, VAT, fees and overdue criteria. Inventing a number that won’t match your statement is worse than not having it. What does help is the alert plus a shortcut to record the actual charge.
Minimum payment and grace days, configurable
In each card’s settings you can set two optional values: the cycle’s minimum payment percentage (5% is common in LATAM but varies by bank), and the grace days your bank gives you after the due date before charging late fees. If you set them, the card summary shows them; if you don’t, they’re omitted — no assumed defaults.
Stale installments, flagged for review
If you have installments with past dates still marked pending — because you paid them with the statement but never linked them — an Overdue group appears at the top of the list. Reminds you to mark them so your history stays clean. It’s cosmetic — does not imply real debt with the bank.
Default account for paying the card
Each card can have a default account for payments (cash, savings, checking). When you open the payment sheet, it’s already selected — one click less.
Missing validations
We check that the purchase does not exceed the card’s limit before recording it. Individual installments can no longer be edited by accident (if you need to change something, you edit the original purchase). And when you delete an installment purchase, the dialog tells you exactly how many installments will be removed.
What is next
Queued: translating the app to English, per-category budgets, bank integrations so the card statement is fetched directly — that would unlock minimum payment and overdue computed against the real statement, no manual entry. If you have feedback, drop us a line on contact.