Credit Card Rewards/Cashback True Value Calculator
Find the real cash value of your credit card rewards and cashback earnings.
Net value after fee
₹11,000
Effective cashback rate
1.83%
Annual rewards earned
₹12,000
Redeemable value
₹12,000
At 2% rewards redeemable at 100% of face value, your card earns ₹11,000 of real value a year after the ₹1,000 annual fee — an effective 1.83% cashback rate.
How this calculator works
Credit card rewards look great on paper, but the true value depends on how much you actually realize when you redeem them, minus any annual fee — Net Value = (Annual Spend × Rewards Rate × Redemption %) − Annual Fee.
Worked example: ₹6,00,000 in annual spend at a 2% rewards rate earns ₹12,000 in rewards; at 100% redemption value and a ₹1,000 annual fee, the net value is ₹11,000 — an effective cashback rate of about 1.83% of your spend.