Cashback calculator
See what your rewards are really worth.
Net annual cashback benefit
For illustration only. Read the assumptions below for the full picture.
Understand your result.
Estimate the annual value of a cashback arrangement after monthly caps and a fixed annual fee. Only enter spending that qualifies under the actual offer.
Net annual benefit can be negative if fees exceed earned cashback. The effective net reward rate depends on your eligible spending.
A worked example.
Using this calculator’s default inputs, net annual cashback benefit is ₹5,001. This is an illustration of the stated formula, not a forecast.
See the example inputs
| Eligible monthly spending | ₹25,000 |
|---|---|
| Cashback rate | 2 % |
| Monthly cashback cap | ₹1,000 |
| Annual card / membership fee | ₹999 |
A common mistake to avoid
Using total card spending when only some categories qualify for cashback.
Questions you might have.
Does a zero cap mean no rewards?
No. In this tool a cap of zero means uncapped cashback. A zero cashback rate means no cashback.
Are card interest and late charges included?
No. The scenario assumes payment in full. Borrowing costs can outweigh rewards and need separate assessment.
Prepared by INDwise · Calculation checks: 29 October 2026 · How we check the maths · Report a correction
How we calculate it
Monthly cashback = eligible spend × rate, limited to the cap if nonzero. Net annual benefit = 12 × cashback − annual fee.
Assumptions & things to know
Assumes the same eligible spend each month and payment in full, with no interest or late fees. Excluded categories, rounding, welcome offers and fee waivers must be checked with the issuer. Cashback does not justify extra spending.
Your privacy & sharing
Your financial inputs are used only within this page. Saved calculators use this browser’s local storage. Sharing creates a link with the entered values, so anyone with that link can see those values. A downloaded summary stays on your device.