Calculate 1% Cash Back - Interactive Calculators
What is 1% cash back?
A 1% cash back rate means you earn 1 cent for every dollar spent on eligible purchases. For example, if you spend $100, you’ll receive $1 in cash back rewards.
This rate is often a standard baseline for many credit cards and applies to all purchases unless a higher rate is offered for specific categories like dining or travel. Over time, 1% cash back can add up, providing a simple and consistent way to save on everyday spending.
How do you calculate 1% cash back?
To calculate 1% cash back, multiply the total amount of an eligible purchase by 0.01. This will give you the cash back amount for that transaction. For instance, if you spend $200, the calculation would be $200 × 0.01, resulting in $2 in cash back rewards.
This method applies to all purchases that qualify for the 1% rate, and the total cash back earned depends on your overall spending.
Rakuten Rewards is a free cash back portal that lets you earn up to 10% cash back (or more) when shopping online. Stack your savings by combining Rakuten cash back with existing discounts and rewards from your favorite retailers.
It’s easy to sign up and use, making it a win-win for any online shopper!
1% cash back calculator
Use our 1% Cash Back Calculator to calculate 1% cash back earnings based on any value entered.
Calculator: How much is 1% cash back?
| Total Cash Back: | $1.00 |
|---|
1% cash back amounts
The table below lists the amounts for 1% cash back for several denominations.
| Dollar amount | 1% cash back |
|---|---|
| $100 | $1.00 |
| $200 | $2.00 |
| $300 | $3.00 |
| $400 | $4.00 |
| $500 | $5.00 |
| $600 | $6.00 |
| $700 | $7.00 |
| $800 | $8.00 |
| $900 | $9.00 |
| $1,000 | $10.00 |
| $1,500 | $15.00 |
| $2,000 | $20.00 |
| $5,000 | $50.00 |
| $10,000 | $100.00 |
| $11,000 | $110.00 |
We've run the calculations and checked them twice — here are the credit cards that consistently provide outstanding value to our users:
- Best Overall Travel Card in Canada: American Express Cobalt® Card
- Best Overall for Cash Back: Rogers Red World Elite® Mastercard®
- Best for Gas: CIBC Dividend® Visa Infinite Card
- Best for Recurring Bills: Scotia Momentum® Visa Infinite* Card
Canada’s Top Travel Card – Over $1,300 in value the first 12 months.
Unlock up to $1,300 in travel perks in your first year with the Scotiabank Passport® Visa Infinite* Card.
- No foreign transaction fees
- 3X Scene+ points on travel, dining & more
- Lounge access & premium insurance
- Limited Time: Apply through FinlyWealth & get a $120 cash rebate—making your first year of cardmembership FREE.
