Credit Cards
How to Compare Credit Card Rewards
Learn how to compare reward rates, annual fees, redemption values and benefits before choosing a card.
Read MoreCompare Your Cards
Enter realistic spending and reward values.
Find Out Which Card Saves You More
Enter your spending pattern and reward rates for your current and new cards. The calculator will estimate the difference in rewards, fees, benefits and your final annual savings.
Compare Cards
Compare your existing card with a new card using your actual spending.
Calculate Savings
See your potential additional rewards and net annual savings.
Find Break-Even
Find the spending level where switching becomes worthwhile.
Simple Process
How to Use the Credit Card Savings Calculator
Compare your current credit card with a new card and understand the potential difference in rewards, fees and benefits.
01
Enter Your Spending
Enter your average monthly spending across online shopping, dining, travel, grocery, fuel and other purchases.
02
Enter Both Reward Structures
Enter the reward rate for each category on your existing card and the new card you are considering.
03
Add Fees & Benefits
Include annual fees, GST, welcome benefits, milestone benefits and other benefits you realistically expect to use.
04
Compare the Net Value
The calculator compares the estimated annual rewards, fees and benefits and shows how much more or less valuable the new card may be.
Understanding Savings
How Is Credit Card Savings Calculated?
The calculator compares the estimated annual value of your current card with the estimated annual value of the new card.
Basic Calculation
Annual Spending
Monthly Spending × 12
Annual Rewards
Eligible Spending × Reward Rate
Net Annual Value
Rewards + Benefits − Fees − GST
Estimated Savings
New Card Net Value − Current Card Net Value
Example
Example of Credit Card Savings
Suppose your existing card generates ₹12,000 of annual rewards and benefits, while its total annual cost is ₹2,000.
Current Card
₹10,000
Estimated net annual value
New Card
₹15,000
Estimated net annual value
Estimated Savings
₹5,000
Additional annual value
Why the Difference Matters
A card with a higher reward rate is not automatically better. Annual fees, GST, reward redemption value, spending caps and benefits can materially change the final result.
Frequently Asked Questions
Credit Card Savings Calculator FAQs
Common questions about comparing credit card rewards and savings.
What does the calculator mean by savings?
Savings means the estimated increase in net annual value
from the new card compared with keeping your current card.
It considers rewards, additional benefits, annual fees and GST.
What if the new card has a higher annual fee?
A higher annual fee does not automatically make a card worse.
If additional rewards and benefits are greater than the
additional cost, the new card can still provide positive savings.
Should I include welcome benefits?
You can include welcome benefits, but only if you realistically
expect to qualify for the offer and meet its spending
requirements.
How should I value reward points?
Use a realistic redemption value rather than the highest
advertised value. Your actual redemption choice can materially
change the result.
Can this calculator compare cashback and reward cards?
Yes. Convert each reward system into an estimated monetary
value and enter the appropriate effective reward rate and
reward value.
Does a positive result mean I should apply?
Not necessarily. The result is an estimate. Check eligibility,
card terms, reward caps, exclusions, fees and whether the card
fits your actual spending habits before applying.
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Read MoreDisclaimer
This calculator is for informational and educational purposes only. Results are estimates based on the information entered by the user. Actual credit card rewards may differ because of reward caps, merchant category exclusions, transaction types, redemption conditions, minimum transaction requirements, annual spending milestones and other card-specific terms. FinJungle does not guarantee any particular savings, reward value or financial outcome.