Every card review on this site ends with “the one question that decides it”. This calculator runs that question on your actual numbers: enter your monthly spending and it ranks the cards we’ve reviewed by net annual value – annual fee subtracted, earn caps and tapers modelled per statement period (the part the banks’ marketing tables skip).
The figures use each card’s verified June 2026 fees and earn rates. The value range reflects how you redeem: gift cards at the low end, well-redeemed flights at the high end – see what points are actually worth. For the written rankings, start at the best rewards card hub.
Common questions
How do I know if a card’s annual fee is worth paying?
Work out the dollar value of the points you would realistically earn in a year, then subtract the annual fee. If the result is positive, the card pays for itself. This calculator does that maths for you, including earn caps.
Why do earn caps matter?
Many Australian cards reduce or stop earning points above a monthly spend cap, so the headline earn rate overstates what most people actually get. The calculator models the cap, not the headline rate.
