Calculate 2% Cash Back - Interactive Calculators
Quick Overview
- Earning 2% cash back means you'll receive 2 cents back for every $1 spent, so if you spend $100, you'd get $2 in cash back.
- To calculate 2% cash back, multiply the purchase amount by 0.02. For example, 2% cash back on a $200 purchase is $200 x 0.02, which equals $4.
Use our 2% cash back calculator to quickly find out how much cash back you'll earn on any dollar amount at a 2% rate.
What is 2% cash back?
"2% cash back" means you earn 2 cents for every dollar spent on eligible purchases. For example, if you spend $100, you’ll receive $2 in cash back rewards.
This rate is commonly offered as a bonus for spending in specific categories on credit cards. Some credit cards even offer this rate on all purchases which is fantastic.
How do you calculate 2% cash back?
To calculate 2% cash back, take the total amount of your eligible purchase and multiply it by 0.02 (the decimal equivalent of 2%). For example, if you spend $500, the calculation would be $500 × 0.02, resulting in $10 in cash back rewards.
This calculation applies to each qualifying transaction, so you can easily track how much you’re earning over time. Some credit cards offer 2% cash back on all purchases, while others may limit it to specific categories like groceries, gas, or online shopping.
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!
2% cash back calculator
Use our 2% cash back calculator to calculate 2% cash back earnings based on any value entered.
Calculator: How much is 2% cash back?
| Total Cash Back: | $2.00 |
|---|
2% cash back amounts
The table below lists the amounts for 2% cash back for several denominations.
| Dollar amount | 2% cash back |
|---|---|
| $100 | $2.00 |
| $200 | $4.00 |
| $300 | $6.00 |
| $400 | $8.00 |
| $500 | $10.00 |
| $600 | $12.00 |
| $700 | $14.00 |
| $800 | $16.00 |
| $900 | $18.00 |
| $1,000 | $20.00 |
| $2,000 | $40.00 |
| $5,000 | $100.00 |
| $10,000 | $200.00 |
| $20,000 | $400.00 |
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