Calculate 4% Cash Back - Interactive Calculators

Cash Back Calculators
Cash back calculator for calculating 4% cash back based on spend. Also, get the details on how to calculate 4% back and a list of the best cards for earning 4% back or more on your spending.

When a rewards program or credit card is offering 4% cash back, it means that for every $1 you spend you will earn 4 cents ($0.04) in the form of cash back.

You can calculate 4% cash back multiplying 0.04 by the amount you plan on spending. So if you spend $1,000, it would be $1,000 x 0.04 which equals $40.

Use the 4% cash back calculator below to calculate cash back based on spend.

Enter the total cost of the purchase to calculate 4% cash back.
Cost
Redemption Average Dollar Value
Total Cash Back: $4.00

What's The Best 4% Cash Back Card?

There are no credit cards in Canada that offers 4% cash back across all card purchases, but there are several credit cards that will earn you 4% cash back when spending in certain categories.

Listed below are a handful of the best credit cards for earning a 4% return or more on your purchases. You can click on the Rewards Calculator to find out how much you can earn and compare the results side by side top cards.

Best For 4% Back On Dining
Simplii Financial™ Cash Back Visa Card
Simplii Financial™ Cash Back Visa Card
Annual Fee: $0
Rewards Rate
4%
Earn 4% cash back on eligible restaurant, bar and coffee shop purchases, up to $5,000 per year.
1.5%
Earn 1.5% cash back on on eligible gas, groceries, drugstore purchases and pre-authorized payments, up to $15,000 per year.
0.5%
Earn 0.5% cash back on all other credit card purchases with no limit on how much you can earn.
Best For 4% Back On Restaurant, Entertainment, and Transit
Odyssey® Visa Infinite Privilege card
Odyssey® Visa Infinite Privilege card
Annual Fee: $295 ($395 for non-members
Rewards Rate
4%
Earn 4% in BONUSDOLLARS on restaurant, entertainment, and public transportation purchases
3%
Earn 3% in BONUSDOLLARS on grocery and travel purchases
1.75%
Earn 1.75% in BONUSDOLLARS on all other purchases
Best For 4% Back On Gas & Grocery
CIBC Dividend® Visa Infinite Card
CIBC Dividend® Visa Infinite Card
Annual Fee: $120 (first year rebated)
Rewards Rate
4%
Earn 4% cash back on eligible gas and groceries
2%
Earn 2% cash back on eligible transportation, dining and recurring payments
1%
Earn 1% cash back on all other eligible purchases
Best For 4% Back On Grocery, Bills, & Subscriptions
Scotia Momentum® Visa Infinite Card
Scotia Momentum® Visa Infinite Card
Annual Fee: $120
Rewards Rate
4%
Earn 4% for every $1 you spend on grocery store purchases, recurring bill payments, and subscription purchases.
2%
Earn 2% for every $1 you spend on gas purchases and daily transit purchases.
1%
Earn 1% cash back on all other purchases with no cash back limit.

If none of these cards interest you, I recommend checking our list of the best cash back credit cards in Canada or using the Credit Card Finder Tool to find which cash back cards earn you the most back based on your spend.

FAQ

What is 4% cash back?

4% cash back means you will earn 4 cents ($0.04) back for every $1 spent.

How do I know what's the best credit card for my spend?

You can use the Canada Credit Card Finder Tool to get a list of the best credit cards based on your spend across categories.