Which is better: rebate card or low rate card?

Rebate award cards allow you to accumulate points, or credits, toward merchandise when you make purchases. Often, the award card comes with a higher annual fee than an ordinary card and may have a higher interest rate.

This calculator compares a rebate award card with a low interest rate card. You can enter any introductory "teaser" rates that apply.

You can also assign a dollar value to the rebate award by inputting:

  • Percentage of rebate earned on purchases or balances.
  • Percentage of rebate earned on specific premium brands.
  • How the rebate is credited to you.
  • Maximum amounts that can be earned.

This information will help provide a more complete analysis so you can determine which card is the better deal.


Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Credit card ratings: Editors from CardRatings.com rate credit cards objectively based on the features the credit card offers consumers, the fees and interest rates, and how a credit card compares with other cards in its category. Ratings vary by category, and the same card may receive a certain number of stars in one category and a higher or lower number in another.

The ratings are the expert opinion of the editors from CardRatings.com, and not influenced by any remuneration their website may receive from card issuers.


myFICO is the consumer division of FICO. Since its introduction over 25 years ago, FICO® Scores have become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use FICO Scores to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
CONNECT WITH US Social Media Facebook Twitter Google+