A Financial Revolution 

January 30, 2006
Cash Back Credit Card Calculator
A post from last month compared the rebate percentages for eight popular cash back credit cards. The post included an Excel spreadsheet that calculated the cash back rebate for each card based on spending patterns. I’ve now created a JavaScript calculator to replace that spreadsheet. Simply enter your monthly charges and the percent of those charges that are Every Day Purchases (e.g., groceries, gasoline, drug store purchases, or postage). The calculator displays the rebate from the eight cards.

Let me know if I’m missing any no-annual-fee cash back cards.

Cashback Credit Card Comparison Calculator
Total Monthly Charges (US $):
Everyday Purchases (% of Monthly Charges):
Annual Cash Back
Discover Platinum Card
US Bank Cash Rewards Platinum Visa
CIBC Dividend Card
National City Cash Builder Elite Visa
American Express Blue Cash Card
Citi Dividend Platinum Select Card
MBNA Cashback Platinum Plus MasterCard
Capital One No Hassle Card

Anonymous Gary said...

Cool little tool. Thanks.

2/07/2006 11:40 PM  

Anonymous Jeremy said...

A big thanks to Financial Reference and Political Calculations for recommending this post.

2/08/2006 2:43 PM  

Anonymous Kurt said...

Some of those cards (all of them?) have annual caps; can you put in another column showing the total cash back per year?

Also, CitiBank has their 'PremierPass' cards; you might want to add those.

Thanks for the useful calculator.

2/17/2006 1:26 PM  

Anonymous Jeremy said...

Thanks for the recommendation, Kurt. Any limitations (e.g., rebate caps or spending caps) are built into the calculations already. You can see the details for each card in the original post - Comparing Cash Back Credit Cards.

As for the Premier Pass cards from Citi, the no annual-fee card awards points for purchases (1 point per $1 spent) and miles flown (1 point for every 3 miles on a flight charged to the card.) The points can then be cashed in for tickets or other rewards. The challenge with including this type of card in the calculator is that it introduces another variable (miles flown) and the cash awards vary by the number of points redeemed and not dollars spent (e.g., 17,000 points for $100 statement credit [$0.0058/point] and 38,000 points for $250 credit [$0.0065/point].)

2/18/2006 11:53 PM  

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