I spoke with my CPA and told me it's wrong and never to use "Other Asset" type account for credit card related transactions. Use "Other Current Asset" type account in QuickBooks. On the Balance Sheet, all the asset types are the not same, they've different financial meaning.
I then Google myself and learned the difference between "Other Current Assets' type account and "Other Assets" type account on the Balance Sheet. Yes, it's an error to use "Other Asset" as suggested here.
