Work out cashback value instantly with clear inputs, formula shown and shareable results.
Cashback is worth having only after the annual fee. Break-even monthly spend is the monthly fee divided by the cashback rate, and monthly caps often bite well before that — a 15 cap at 1.5% means spending above 1,000 a month earns nothing extra.
Cashback
monthly cashback = min(spend x rate, cap); net benefit = 12 x monthly - annual fee
Never. Interest at 20%+ APR dwarfs 1-2% cashback within weeks. Cashback only pays if the balance is cleared each month.
Per category, per month or per year. Read which, because a generous headline rate with a tight cap can be worth less than a lower uncapped rate.