Calculator: Are you paying for your cash-back rewards?
Figuring out your cash-back rewards can be tricky, with 1 percent being offered on some purchases and 3 percent being offered on others. But it gets even tougher to figure out if you are the one paying for all those rewards. While cash-back rewards credit cards are best for those who are paying off their balances every month, there may be times when one carries a balance.
Grab your most recent cash-back rewards credit card statement. By filling in the information below, you'll be able to calculate if you are paying for your own rewards and how much you are earning, or losing, each month.
If your card offers more than one cash-back reward percentage, click the + sign to add in more spending categories.