Cashback · CredoNomics quick calculator
Cashback Cap Calculator
See how a monthly cashback ceiling can reduce the effective return on your eligible spending.
Your assumptions
Effective cashback
Cashback earned
₹1,000
Effective rate3.33%
Spend to reach cap₹20,000
How this calculation works
This is a generic research model. It does not represent the current terms of any particular bank or card unless you independently enter those current terms.
effective cashback rate = min(eligible spend × cashback rate, cashback cap) ÷ eligible spend
- This simple model assumes the entered spend is eligible for the entered cashback rate.
- A real card may have separate category caps or excluded transactions.
- Annual fees and taxes should be subtracted separately for a full-year comparison.
Calculation framework reviewed10 Aug 2026
Read CredoNomics methodology →