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Calculator: Are you paying for your cash-back rewards?

Credit Cards » 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.

Calculator: Are you paying for your cash-back rewards?

Find out if you are actually paying for your credit card's cash-back rewards in interest. Using last month's bill, fill in the information below. If your rewards credit card offers more than one spending category* reward, click the plus button to add in another cash-back percentage and how much you spent in that category.

Did you carry a balance from last month? If so, how much? $
How much did you charge this month? $
* Spending category 1 $
What was your % Cash Back? %
What did you spend on everything else? $
What was your % cash back? %
How much did you pay off? $
Interest rate on credit card %


Monthly balance
How much will you pay in interest?
Cash back earned this month
How much $ did you gain / lose?
Did you pay for your rewards?
*A spending category is an area where you receive cash-back rewards for spending. This could be dining out, gas, grocery shopping, etc. Certain cards offer different cash-back percentages depending on the category.


Editorial Disclaimer: The editorial content is not provided or commissioned by the credit card issuers. Opinions expressed here are author’s alone, not those of the credit card issuers, and have not been reviewed, approved or otherwise endorsed by the credit card issuers.

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Product Rate Change Last week
Balance Transfer Cards 16.22% --0.00 16.22%
Cash Back Cards 16.49%  0.07 16.42%
Low Interest Cards 11.44%  0.09 11.35%
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