Calculate 2% Cash Back - Interactive Calculators

What is 2% cash back?

When a rewards program or credit card is offering 2% cash back, it means that for every $1 you spend you will earn 2 cents ($0.02) in the form of cash back.

How do you calculate 2% cash back?

You can calculate 2% cash back multiplying 0.02 by the amount you plan on spending. So if you spend $1,000, it would be $1,000 x 0.02 which equals $20.

2% cash back calculator

Use the 2% cash back calculator below to calculate cash back based on spend.

Enter the total cost of the purchase to calculate 2% cash back.

$ Cost

Total Cash Back:	$2.00

Calculate credit card 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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Category Spending

Resets all fields in the Category Spending section for all columns. Also clears all saved spend values that carry from calculator to calculator.

Add Categories

Search for categories and click 'Add Category' to add it to the calculator. If you want to be more specific, you can specify domestic or international spend.

Type at least 3 characters.

Currently Selected:

Spend Region:

Income Requirement

Income Type

Select if you're looking for credit cards based on your own individual income or if you're looking for credit cards based on the income of the entire household.

Income Maximum

Select the maximum income requirement you want listed in your top picks.

Calculator Options

Personal & Business Cards

Select which type of credit cards appear in the results. You can choose from personal (consumer) credit cards, business credit cards, or both.

Include Intro Bonuses?

If set to yes, intro bonuses will be included in the calculations if you meet the monthly spend criteria based on what's entered into the tool. Do note that we do not have intro bonuses for all credit cards and we cannot calculate intro bonuses for some cards.

Find out which credit cards will offer you the most value based on the spend amounts you 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. You can click on the estimated earnings to see the calculations or click on the card to learn more.

Do note that all spend amounts entered into the tool above will carry over to every credit card rewards calculator on the site, so there's no need to re-enter spend if you choose to dive deeper into calculating rewards for credit cards on the site.

Best Credit Cards

Listed below are up to 10 of the best rewards credit cards based on the spend amounts you entered (when applicable).

Travel Cards

Travel credit cards are great for building rewards redeemable towards a wide variety of travel including airfare, hotels, car rentals, cruises, and more. Most travel cards also offer a range of benefits that can make your trips more enjoyable and save you money.

Cash Back Cards

Cash back is one of the most flexible form of rewards and most easy to understand. Rewards earned are worth face value and they can be used towards almost anything.

Rewards Cards

If you're looking to earn a solid return on your spend, rewards credit cards are the way to go. These cards offer general rewards that can be used towards a number of different redemptions including cash back, statement credits, travel, gift cards, and more.

Airline Cards

These are the best credit cards if you're looking to use rewards towards award flights. Co-branded credit cards offer benefits such as lounge access the ability to earn qualifying miles through spending.

Hotel Cards

If you're looking to use rewards towards free nights at hotels, these are the best cards for you. Many of these cards also offer great benefits such as annual free nights, complimentary elite status, and more.

No Annual Fee Cards

If you're looking to minimize your immediate costs while still earning plenty of value, you may want to consider a credit card with no annual fee. Some of these cards also offer lower interest rates and balance transfer offers.

No Foreign Transaction Fee Cards

When you make a charge with your credit card outside of the country, many card issuers will charge you a foreign transaction fee. Luckily, there are a handful of credit cards that waive foreign transaction fees which is great if you're looking to earn rewards on international spending and travel.

FAQ

What is 2% cash back?

2% cash back means you will earn 2 cents ($0.02) for every $1 spent.

Are 2% cash back credit cards good?

2% cash back credit cards are among the best rewards cards you can have.

How much cash back will I earn with a 2% 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 2% Cash Back Calculator on this page to calculate total cash back based on your spend.

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

You can use the Search For Credit Cards By Spend calculator to get a list of the best credit cards based on your spend across categories.

Calculate Total Rewards & Card Value Per $1 Spent For 100+ Canada Credit Cards

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Maximize your credit card rewards

Our Credit Card Rewards calculator can help you find the credit cards that will earn you the most points, miles and cash back based on your monthly and yearly spending habits. Simply enter your spend amounts into our tool and let our tool do the work for you!

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