Canadian Licensing Info: Alberta Mortgage #MW-0511205,
FSCO (Ontario) #10315,
Saskatchewan Mortgage #315872, and all other provinces.
 
Division of

The Mortgage Group®

Mortgage Rates Chart
Your money goes a lot further when you pay your home off with low interest rate. Make sure your mortgage isn't weighing you down with high rates and ridiculous payments. View our mortgage rates chart to find the best interest rates in Canada.
Mortgage Rates Chart
 
Mortgage Rates
Getting a low mortgage rate can mean the difference between you buying your dream home and... just a house. Look no further, apply today and get a great rate on your mortgage.
Mortgage Rates
 
Easy-to-Use Mortgage Calculator
When Canadians buy their homes, they'll renew on average four times before the house is completely paid off. Want to see what your balance is at the end of your mortgage term? Just use our mortgage calculator to find out.
Pen On Calculator
 

Credit Card Points Calculator

This calculator is designed to help analyze cashback credit cards and reward points programs. The primary assumptions of this calculator are that you do not carry a balance on the credit card, and that you pay off the balance within the card's no-interest grace period.

If you plan to carry a monthly balance, it's generally more effective to choose a low-interest card, transfer the balance to a line of credit, or to consolidate debt by refinancing your mortgage.

What you can do with this credit card rewards calculator

  • View estimated rewards for usage
    For both cashback and points cards, you can view an estimate of effective rewards dollars accumulated on a yearly basis.
  • Calculate how long it'll take to reach a goal
    Given effective annual rewards dollars, you can calculate how long it will take to reach a goal amount of reward dollars or reward points.
  • Compare rewards program merchandise to market value
    If you have a reward points credit card, you can compare the cost in reward points of merchandise to the market value. This enables you to decide if it's better value to choose gift cards over merchandise.
  • Compare multiple credit cards side-by-side
    Do all of the above while comparing the performance of two separate credit cards.

Credit Card Details

Estimated yearly purchases $
Card type  
Annual fee $

Cash-back percentage   %
Rewards points ratio  Spending gets you points.
Converting rewards points into usable cash
For the fields below, enter the value of a gift card in both dollars and rewards points. (ex. $25 gift card for 3,000 points) We use gift cards for our calculations because they're generally more cost effective and flexible than merchandise. Learn why.
Gift card value $ (ex. $25)
Gift card cost (in points)   (ex. 3,000)

Card 2

Card type  
Annual fee $

Cash-back percentage   %
Rewards points ratio  Spending gets you points.
Converting rewards points into usable cash
For the fields below, enter the value of a gift card in both dollars and rewards points. (ex. $25 gift card for 3,000 points) We use gift cards for our calculations because they're generally more cost effective and flexible than merchandise. Learn why.
Gift card value $ (ex. $25)
Gift card cost (in points)   (ex. 3,000)
 
Rewards Program Calculations

Credit Card Rewards Calculations

Estimated yearly purchases $2,000.00
Annual fee $0.00
 
Rewards ratio (Reward dollars per dollar spent before fees) 0.00833
 
Reward dollars per $2,000.00 spent before fees $16.67
Yearly reward dollars for $2,000.00 spent, including fees $16.67
Reaching a Goal

Working to Reach a Goal

Enter a goal amount in rewards dollars or points below. We will calculate how long it will take to reach that goal.

Goal amount  
 
Points to Market Value Comparison

Credit Card Points to Market Value Comparison

Use this calculator to compare the prices of points programs' merchandise to market prices of the same items from retail outlets. If you find that the points program price is higher than the market price, you may want to consider spending your points on gift or cash cards instead.

Note: If your points program does not have appealing retail gift cards, you may want to consider obtaining gas cards or converting points to air miles instead. You can use the money saved on flights or your vehicle's fuel to purchase merchandise. Learn more.

Market value of item $
Cost in points   points