What is 4% cash back?
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.
How do you calculate 4% 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.
4% cash back calculator
Use the 4% cash back calculator below to calculate cash back based on spend.
| Total Cash Back: | $4.00 |
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What's the best cash back credit card?
Which cash back credit card is best for you will depend on a large number of factors — how much you spend per month, the type of benefits you're looking for, preferred banks (if any), and more.
Use our cash back credit card calculator to find cards that will earn you the most cash back based on your spending habits and other criteria. You can then click on cards to learn more about them and to see if they fit what you're looking for.
Toggles the Mobile Pay option to on for all categories.
Toggles the Mobile Pay option to off for all categories.
Clear all of the spend amounts entered into the calculator.
No Results. This is usually due to:
- There's no good card options based on the spend entered.
- The calculator is having a brain-fart and is not calculating rewards properly.
Enter different values or try again later.
Results
Listed below are the results based on what you entered into the tool above. These estimates are to help guide you towards making the best decision when it comes to picking up a rewards credit card.
You can click on "Show Calculations" to see a breakdown of how the rewards were calculated, click on the card itself to learn more/apply through our partners (big thanks if you do!), or click on any of the other links to learn more about the card and it's rewards.
Do note that some of the calculations are rounded so it is possible that the estimated values may be off by a point or two when added up.
Remember that this particular tool uses our point/mile valuations, the intro bonuses we have in the database, and includes the maximum (calculable) bonuses for each card. If you want to have control over these options and much more, slide over to the Rewards Credit Card Directory & Calculator.
These calculations should be used for illustrative purposes only.
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.
