Calculator for credit cards offering 1 percent cash back. Simply enter your spending and find the best 1% cash back cards.
What does it mean to earn 1% cash back?
When a credit card offers 1% cash back, it means that for every dollar you spend using that credit card, you will receive 1 cents back as a rebate.
For example, if you spend $100 using a credit card that offers 1% cash back, you would receive $1 cash back as a rebate.
Similarly, some credit card offer 1X points per dollar spent. This is usually at least equivalent to 1 percent cash back, since points can be redeemed for cash, for a value of 1 cent per point.
The calculator tool help you determine how much 1 percent cash back is worth.
See also: 1.5% Cash Back, 2% Cash Back, 5% Cash Back, All Cash Back Calculators
Credit cards offering 1% cash back
The base rate is 1% cash back
Earning 1% cashback on all purchases is better than earning no cashback at all, and it can add up over time. For example, if you spend $1,000 a month on your credit card, you would earn $10 back in cashback rewards each month with a 1% cashback credit card.
1% for first credit card owners or to build credit
In general, credit card companies offer credit cards for people with a range of credit scores, including those with smaller credit scores or limited credit history. Some credit cards that offer 1% cashback may be designed for people with lower credit scores or those who are looking to build or improve their credit history.
Should I get a 1% cash back credit card?
If you are eligible, try to consider a flat 2% cash back credit card instead. It works very similarly, but the additional 1% cash back rate can translate into a lot more rewards! You can run the numbers in the 2% cash back calculator to compare.
If you are new to credit cards and looking to get 1 good overall card, you can also use our Credit Card Comparison tool to determine the best first card based on your spending. It will typically be either a card with a good rate (3% or more) on the categories where you spend the most (groceries or gas for example), or a flat 2% rate card.
At OptimizeCards, we built the most complete set of calculators and optimizers to help you run the numbers. We want to ensure you are getting the most amount of rewards out of your credit cards. To help you navigate all the tools, follow our quiz! It will direct you to the best next step in your credit card rewards journey.