A financial tool designed to estimate the cash value or points/miles accrual from a credit card’s rewards program is typically offered as a free online application. For instance, a user might input their monthly spending in various categories (e.g., groceries, dining, travel) to project potential rewards earned over a year using a specific card’s rewards structure.
These resources offer consumers a method to assess the true value of a credit card beyond its interest rate. They provide a comparative analysis of potential earnings, facilitating informed decisions when selecting a card that aligns with spending habits and financial objectives. Historically, calculating potential earnings from complex rewards programs was time-consuming; these resources automate this process, saving consumers considerable effort.