Calculate 1% Cash Back - Interactive Calculators

Cash Back Calculator
Cash back calculator for calculating 1% cash back based on spend. Also, get the details on how to calculate 1% back and a list of the best cards for earning 1% back or more on your spending.

When a rewards card or program is offering 1% cash back, it means that you will earn 1 cent for every $1 you spend.

You can easily calculate 1% cash back by multiplying 0.01 by the amount you plan on spending. So if you spend $1,000, it would be $1,000 x 0.01 which equals $10.

Use the 1% Cash Back Calculator below to calculate total cash back based on your spend.

Enter the total cost of the purchase to calculate 1% cash back.
Cost
Redemption Average Dollar Value
Total Cash Back: $1.00

Should I Get A 1% Cash Back Card?

If possible, I would recommend avoiding any card that earns you 1% back across all purchases as there are so many better options to choose from.

Most credit cards feature a select few categories that offer a high return on your spend and around 0.5% to 1% back on all other purchases. There's also a handful of categories that earn cash back at a flat rate across all purchases.

Listed below are some of the best cash back credit cards for earning rewards at a flat rate. I recommend checking out our full list of best cash back credit cards in Canada or using our Credit Card Finder Tool to find out which cards earn you the most cash back based on your spend.

Best For 2% Back On Select Categories With No Annual Fee
Annual Fee: $0
Rewards Rate
2%
Earn 2% Money-Back Rewards on your everyday purchases in two 2% Money-Back Categories of your choice
2%
Get your Rewards deposited into your Tangerine Savings Account and get a 3rd 2% Money-Back Category.
0.5%
Earn 0.5% Money-Back Rewards on all other purchases.
Earn 15% Back
Earn an extra 15% back (up to $150) when you spend up to $1,000 in everyday purchases within your first 2 months.
Best For 1.25% Cash Back With No Annual Fee
SimplyCash™ Card from American Express
SimplyCash™ Card from American Express
Annual Fee: $0
Rewards Rate
1.25%
Earn an unlimited 1.25% cash back on all purchases
Best For 2% Flat-Rate Earnings
SimplyCash™ Preferred Card from American Express
SimplyCash™ Preferred Card from American Express
Annual Fee: $99
Rewards Rate
2%
Earn an unlimited 2% cash back on all purchases
Best For 1% Back Worldwide With No Fees
Home Trust Preferred Visa Card
Home Trust Preferred Visa Card
Annual Fee: $0
Rewards Rate
1%
Earn 1% cash back on all eligible purchases to get more out of your everyday spending