Multi Card (If Statement) Replacement

Hi, 

I currently have the following field below called "Planning Status" that shows (Blank) for 531 and CDRW for 1355.

In the multicard visual I am using it is displayed as shows below - but for the following I want to show as Blank = Incomplete and CDRW = Complete, what is the best way to approach this? I don't want to replace values on the data itself but just want to change how it is displayed in the visual. If the IF statement is the best way - would anyone have quick one as the one I am creating is giving errors?