See whether the rewards you earn actually cover the fee you pay.
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Monthly rewards
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Break-even spend
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Year 1 net value
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Year 2 net value
Rewards value
Welcome benefit (one-time)
Annual fee + GST
Net value
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Year 1
with welcome perks
Net value
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Year 2 onward
steady state
Estimates only. Assumes 18% GST on the annual fee, a flat blended reward rate on all spend, and no change in rewards terms year to year.