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How much does your card's cashback really save you?

How much you really save with a cashback that has a monthly cap.

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Leave it at 0 if you don't pay a fee.

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Educational estimate based on the data you enter. It doesn't include taxes or future changes. It's not an offer or personalized advice.

Watch the video that explains itMore calculators

How it's calculated

Cashback you're owed = spending × percentage. Cashback you get = the lower of that and the cap. Real savings for the year = cashback × 12 − card cost.

The real cashback rate is what you save divided by everything you spent over the year. If you go over the cap, the real percentage falls: the extra spending earns nothing back.

Watch out for this

  • Spending more just to "take advantage" of the cashback means losing money.
  • Check whether the cashback applies to all merchants or only to certain categories.
  • If you pay your balance late, interest eats any cashback.

Frequently asked questions

Questions about this calculator

Still have a question? Write to us

What is the cap?

It's the maximum cashback you get per month. If your calculated cashback is higher, you only get the cap.

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