Cash Back Calculator

cash back on credit card

How to Calculate Cash Back

To calculate cash back, multiply the purchase amount by the cash back rate of your credit card. Remember, while calculating cash back, limits may apply, and bonuses can vary based on purchase categories.

Use my credit card cash back calculator for easy calculations. Enter your purchase amount and instantly see your cash back.

The cash back calculator applies a sales tax of 6% to the amount you enter in the form above. Once calculated, you'll receive a table of possible cash back amounts.

Cash Back for Prime Cardholders

Since I shop a lot on Amazon for my CRM business, I often rack up a decent amount of rewards. I get 5% cash back on purchases made at Amazon and 6% during certain events like Prime Day.

During the holidays this totals to a nice chunk of change given the shameful amount of iPads I tend to buy.

Bank of America - Unlimited Cash Back

Bank of America offers unlimited cash back on all purchases. This means no caps on the amount of cash back you can earn, providing more flexibility.

Particularly beneficial for frequent travelers and shoppers, this card ensures you're rewarded for every dollar spent. The rate is a little lower, at 1.5% but there is no cap and you're rewarded for any and all purchases.

In addition, you get $200 if you make at least $1000 in purchases within the first 90 days of opening the account.

Best Buy Credit Card

The Best Buy Credit Card offers exclusive benefits for electronics enthusiasts. Earn 5% back in rewards on Best Buy purchases and special financing options.

It's an ideal choice for tech purchases, from the latest gadgets to essential home appliances, maximizing your rewards. Mine normally gets the most use around Christmas, birthdays, and family vacations.

Cash Back Reference Table

Below is a detailed cash back reference table. It showcases various cash back percentages and their corresponding amounts after a 6% sales tax.

Cash Back Rate Pre-Tax Amount Post-Tax Amount Cash Back

Conclusion: Cash Back for all!

Cash back credit cards are a smart way to earn rewards on everyday purchases. From daily shopping for your small business or side hustle to gifts for family, these cards put money back in your pocket.

Whether you're a frequent shopper, a traveler, or just looking for some extra savings, there's a cash back card out there for you. Happy shopping!

Matt Irving is the CEO of Super Easy Tech, LLC.
Matt is the CEO of Super Easy Tech and creator of Super Easy CRM. He is a passionate software engineer, tech blogger, and gamer. Feel free to connect on any of the platforms listed below.

Posted by: Matt Irving on 1/28/2024