cash back calculation

Clever Credit: Cash Back Isn't Worth It if You Carry a Balance – Here's the Math: Gain 30% Extra Cash Back By Paying Off Bala

Gain 30% Extra Cash Back By Paying Off Balance

Paying off your balance in full unlocks the true cash-back rate and can add up to 30% more net rewards versus only making the minimum payment. In May 2026, CardRates noted that the average credit-card APR was 23%. Cash Back Calculation: How Balance Dilutes Rewards To see how an unpaid