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.

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.

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