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 credit card offers that appear on the website are from credit card companies which myFICO receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). The site does not include all credit card companies or all available credit card offers.

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