Cashback Calculator

Instantly calculate how much cashback you will earn based on your spending!

How Cashback Calculator Work

Cashback calculator help users quickly estimate how much money they can earn back from purchases based on the total spending and the cashback rate provided by their credit card or cashback program.

Benefits of Using a Cashback Calculator

Using a cashback calculator allows you to plan your purchases more effectively. By knowing how much cashback you can earn, you can maximize your rewards and make smarter financial decisions.

Best Cashback Credit Cards

Not all credit cards offer the same cashback rates. Some cards provide higher cashback for specific categories such as groceries, dining, or travel. Use this calculator to compare potential earnings across different cards.

How Cashback is Calculated: The Formula

The formula to calculate cashback is quite simple:

Cashback = (Total Spending × Cashback Rate) / 100

For example, if you spend $1,000 and your cashback rate is 2%, your cashback will be calculated as:

Cashback = (1000 × 2) / 100 = $20

By using this formula, you can easily determine how much you will earn from your purchases based on your credit card's cashback rate.