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.