What is 5% cash back?
When a rewards program or credit card is offering 5% cash back, it means that for every $1 you spend you will earn 5 cents ($0.05) in the form of cash back.
How do you calculate 5% cash back?
You can calculate 5% cash back multiplying 0.05 by the amount you plan on spending. If you were to spend $1,000, you would calculate 5% back by doing $1,000 x 0.05 which would equal $50.
5% cash back calculator
Use the 5% Cash Back Calculator to calculate 5% cash back based on the value entered.
| Total Cash Back: | $5.00 |
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Calculator: Which card will earn you the most cash back?
Input your monthly and yearly spend amounts into the tool below to find out which credit cards will earn you the most cash back on your spending.
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- There's no good card options based on the spend entered.
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Results
These estimates are to help guide you towards making the best decision when it comes to picking up a rewards credit card. They should be used for illustrative purposes only.
FAQ
How much is 5 percent cash back?
5% cash back is 5 cents back on the dollar. So for every $1 spent, you would get 5 cents back.
What is 5% cash back on $100?
5% cash back on a $100 purchase would would earn you $5 back.
How do you calculate 5% cash back?
You can calculate 5% cash back by multiplying by 0.05. For example 5% cash back on $100 would be $5 since $100 * 0.05 equals 5.
How do I know what's the best credit card for my spend?
You can use the Credit Card Finder Tool to get a list of the best credit cards based on your spend across categories.
