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.



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