Not exact matches
Based on the survey results, it's
estimated that chasing
rewards influences 71.7 million US adults, or 29.2 %, and the resulting
annual spend is $ 2,453.10 per person on average.
Bottom Line: If you are interested in an AmEx charge card, you should go with The Business Gold
Rewards Card from American Express OPEN, which we
estimate will be worth the additional $ 80 in
annual fees.
Assuming a value of a single MR point to be $ 0.01, this bonus
reward carries an
estimated worth of $ 100 — enough to cover the first year's
annual fee.
We then
estimated the cash back
rewards a typical person can expect, subtracting any
annual fees in the process.
Simply input your
estimated monthly spending by category, and our tool will calculate for you the
rewards per card — factoring in things such as
annual fee.
Use the tool on this page to figure out which of these «No
Annual Fee» credit cards will result in great
rewards and bonuses for your particular spending profile — simply click the little gear icon, and input your
estimated monthly budget.
The graph shows the
rewards estimate for a 2 - year period, and nets out any
annual fees.
We
estimate that people who charge $ 25,000 in purchases and qualify for both loyalty bonuses — worth a combined 25,000 miles — can get a fantastic 2.4 %
rewards rate net of
annual fees.
Once you enter your
estimated monthly budget, the calculator will order the difference credit card options from most to least valuable — based on the value of
rewards earned net any
annual fee.
Then do an
estimate of the
rewards you'd get and compare it with no -
annual - fee cards.
A quick shortcut is to compare your
estimated value to a card with no
annual fee and a 1.5 % cash - back
rewards rate.
Once you have an accurate
estimate of the value of a card's
rewards and benefits, then you can subtract that amount from its
annual fee to determine its net benefit to you.
Note:
Annual point and
rewards calculations are MileCards.com
estimates only and not provided by any credit card issuer.
How We Calculate
Rewards: ValuePenguin calculates the value of rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annua
Rewards: ValuePenguin calculates the value of
rewards by estimating the dollar value of any points, miles or bonuses earned using the card less any associated annua
rewards by
estimating the dollar value of any points, miles or bonuses earned using the card less any associated
annual fees.
We
estimate that the average cardholder can earn a
rewards rate of 3.1 percent per year with the two cards combined, for an average of $ 398 cash back minus the Blue Cash Preferred card's $ 95
annual fee.
Basically, you need to
estimate how much you're likely to spend in each of the card's bonus categories over the year, multiply that amount by the
rewards value (don't to forget to figure in the value of points if it's a points or miles card), add in the sign - up bonus and subtract the
annual fee.
If you value American Express Membership
Rewards points at just 1.5 cents each, which is a conservative
estimate, you'd have to earn an extra 6,334 points a year to cover the
annual fee.
For example, when you combine the sign - up bonus and
annual bonus for the Club Carlson Premier
Rewards Visa Signature card, you have the potential to earn 125,000 bonus points in the first year — for an
estimated value of $ 588.
By our
estimates, the Gold Delta SkyMiles card — despite its $ 95
annual fee — has a better
rewards value than the Blue Delta SkyMiles card, thanks to the Gold card's ample sign - up bonus.