What is 1.5% cash back?
When a rewards program or credit card is offering 1.5% cash back, it means that for every $1 you spend you will earn 1.5 cents ($0.015) in the form of cash back.
How do you calculate 1.5% cash back?
You can calculate 1.5% cash back multiplying 0.015 by the amount you plan on spending. So if you spend $1,000, 1.5% back would be $1,000 x 0.015 which is $15. You can use the cash back calculator below to calculate total cash back based on spend.
1.5% cash back calculator
Use the 1.5% Cash Back Calculator to calculate 1.5% cash back based on the value entered.
| Total Cash Back: | $1.50 |
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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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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
What is 1.5% cash back?
1.5% cash back means you will earn 1.5 cents ($0.015) for every $1 spent.
Are 1.5% cash back credit cards good?
Yes. 1.5% cash back credit cards offer a great return on your spend. They're best used when paired with other credit cards.
Aren't 2% cash back cards better?
Yes, 2% cash back (and higher) credit cards will earn you more cash back, but most tend to have an annual fee and will require you to focus all of your spend across the card to make it worth the fee.
How much cash back will I earn with a 1.5% cash back card?
It depends on how much spend you run through the card and whether or not the card has an annual fee. You can use the 1.5% Cash Back Credit Card Calculators on this page to calculate total cash back based on your spend.
What's the best 1.5% cash back card?
While there are 1.5% cash back credit cards that are better than others, there's no card that is merely "The Best". You'll want to take into account card benefits, other credit cards in the program, fees, and much more when looking for a great 1.5% cash back credit card.
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.
