Value credit card rewards in points or miles against annual fees.
Points and miles have a cash value per unit, so multiplying the year's points by that value and subtracting the fee gives the card's net worth. A rewards card is only worth holding if the rewards value exceeds its annual fee and your normal spending pattern.
Credit Card Rewards Value
Rewards value = points x cents per point / 100; net = value - annual fee
Rewards value = points x cents per point / 100; net = value - annual fee Points and miles have a cash value per unit, so multiplying the year's points by that value and subtracting the fee gives the card's net worth.
A rewards card is only worth holding if the rewards value exceeds its annual fee and your normal spending pattern.
This calculator takes 4 inputs: Points earned per year, Points per dollar value, Annual fee, Cents per point. The pre-filled defaults are a realistic starting point — replace them with figures from your own environment for a result you can act on.