Cash Back Calculator
Enter a purchase amount and your card's cash back rate to see the reward. Add your typical monthly spending to estimate a full year, net of the card's annual fee.
Enter your figures below. Results update as you type.
Cash back on this purchase$24.00
- Effective price
- $1,176.00
- Cash back per year
- $480.00
- Per year after the card fee
- $480.00
How the Cash Back calculation works
Cash back = purchase amount x cash back rate / 100
A card with an annual fee only beats a no-fee card when the extra rewards exceed the fee. Rewards are also wiped out quickly by interest if you carry a balance.
Frequently asked questions
How is cash back calculated?
Multiply what you spend by the cash back rate. $1,200 of purchases at 2% earns $24.
How much cash back will I earn in a year?
Multiply your yearly spending on the card by its rate. Spending $2,000 a month on a 1.5% card earns $360 a year. Subtract any annual fee to see what you really gain.
Is cash back taxable?
In the US, cash back earned by spending on a credit card is generally treated as a discount on your purchases, not as income. Rewards received without having to spend, such as some account bonuses, can be taxable.
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