Credit Card Rewards Calculator
See whether a rewards card actually pays off after its annual fee. Enter your spending, the reward rate, and the fee to find your net rewards for the year.
Your details
- Rewards earned
- $480.00
- Annual spending
- $24,000.00
Rewards vs annual fee
- Rewards earned
- $480.0083%
- Annual fee
- $95.0017%
Formula
Gross rewards = annual spending × reward rate. Net rewards = gross rewards − annual fee. If net rewards are negative, the fee outweighs what you earn.
How it works
A fee card only wins if your spending earns more than the fee costs versus a no-fee alternative. Rewards are also only worth it if you pay in full — carrying a balance at 20%+ APR wipes out any 2% back many times over.
Frequently asked questions
Is an annual-fee card worth it?⌄
Only if the rewards and perks you'll actually use exceed the fee compared with a no-fee card. This shows your net rewards; weigh perks like travel credits on top.
Do rewards matter if I carry a balance?⌄
No. Interest at 20%+ APR dwarfs 1–2% rewards. Rewards cards pay off only when you pay the statement in full each month.
How do I value points?⌄
Estimate the cash value of your points (often 1–2 cents each) and use that as your reward rate. Redemption value varies a lot by program and how you redeem.
Sources & methodology
Annual spend × reward rate − annual fee. Excludes category multipliers, sign-up bonuses, and perk values.
- •CFPB — credit card rewards — CFPB
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