Credit Card Rewards Calculator: Is This Card Worth Its Annual Fee?
Enter what you spend each month by category, the card's reward points per ₹100 and caps, the value of a point, the annual fee and its waiver spend. You will see whether the card pays for itself.
On this page
Calculator and results
At your spending, the card earns about ₹2,640 a year in rewards and the fee is waived: worth it by ₹2,640 a year.
0 if the fee is never waived.
Example values; enter your card's figures from your statement or the bank's schedule of charges.
Net value a year
₹2,640
rewards minus fee
Rewards a year
₹2,640
10,560 points
Fee with GST
Waived
yearly spend ₹3,60,000
Break-even spend
₹1,60,909
a year, at this spending mix
Rewards by category
| Category | Points a year | Value a year | Capped |
|---|---|---|---|
| Online shopping | 6,000 | ₹1,500 | No |
| Groceries | 1,920 | ₹480 | No |
| Fuel | 0 | ₹0 | No |
| Travel | 1,440 | ₹360 | No |
| Everything else | 1,200 | ₹300 | No |
Saved scenarios stay in this browser only. No sign-up.
Net value a year
₹2,640
- What it is:
- A calculator for whether a credit card's rewards cover its annual fee.
- What it calculates:
- Yearly rewards value, fee after waiver and GST, net value and the break-even spend.
Key Assumptions
- Default inputs are examples, not any bank's figures; enter your card's figures from your statement or the bank's schedule of charges.
- GST at 18% on the annual fee.
- Points are redeemed at the value entered and do not expire.
How does the Credit Card Rewards Calculator work?
Points are worked out for each category from your monthly spend and the points per ₹100, up to any monthly cap, then valued at the rupee value of a point.
If your yearly spend reaches the waiver threshold, the fee is waived; otherwise the fee plus 18% GST is taken off the rewards.
The break-even spend is the yearly spend, at the same mix of categories, at which the rewards equal the fee.
Credit Card Rewards Calculator formula
Rewards = Σ min(spend ÷ 100 × points per ₹100, cap) × 12 × point value; net = rewards − fee × 1.18
- Break-even
- = fee × 1.18 ÷ (rewards ÷ yearly spend)
Credit Card Rewards Calculator: worked example
₹30,000 a month across five categories, ₹1,000 fee waived at ₹2 lakh a year (example figures)
- Rewards a year
- ₹2,640
- Fee
- Waived
- Net value
- ₹2,640
Credit Card Rewards Calculator: frequently asked questions
How do I find the value of one reward point?
Is GST charged on a credit card's annual fee?
Further reading
How Indian lenders work out your monthly instalment, why the interest portion shrinks every month, and what actually changes the number.
Why a flat 10% and a reducing-balance 10% are not the same loan, how much more the flat structure costs, and where you meet it in India.
Authoritative Sources
- RBI Master Direction – Credit Card and Debit Card – Issuance and Conduct Directions, 2022 (RBI/2022-23/92, DoR.AUT.REC.No.27/24.01.041/2022-23, 21 April 2022, updated as on 7 March 2024)· verified 21 October 2026
- GST on card interest and charges: HDFC Bank credit card MITC (4 March 2026): "GST@ 18% of interest and late payment"· verified 21 October 2026
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Reviewed by Pradipta Ray, MBA (Finance) · Updated