Educational tools
Cashback after fees calculator
Stablecoin-only collateral: approved USDC and USDT on Ethereum. The credit limit is 100% of that collateral value, with no haircut. No BTC, ETH, SOL or other coins are accepted.
Published by the IndevBank product team · Reviewed
An educational estimate using the published 1.5% rate, $50 transaction cap and $250 monthly cap. Purchases are assumed to settle in the same calendar month. No funds, personal information or account connection are required.
Costs can include interest, conversion and other fees. Blank means unknown; an explicit 0 means your zero-cost assumption, not a programme fee quote.
Estimated reward
- Capped gross reward
- $15.00
- Refund reversal
- $0.00
- Retained reward
- $15.00
- Effective reward rate
- 1.50%
- After assumed costs
- Unknown costs
Estimates are not payable rewards, a quote or financial advice. A negative after-cost amount means the assumed costs exceed the retained reward.
Methodology
For each eligible purchase: reward = min(purchase amount x 1.5%, $50), rounded to cents. Monthly gross reward = min(sum of transaction rewards, $250). The monthly reward is allocated proportionally to transaction rewards; a partial refund reverses its fraction of the allocated original reward, rounded to cents. Remaining reward minus explicitly supplied total costs gives the after-cost estimate.
This same-period model does not reproduce posting order, cross-month refund adjustments, cap restoration or the eventual settlement ledger. All purchases, including excluded purchases, remain in the effective-rate denominator after refunds. Exact decimal arithmetic is used.
Worked examples
A $1,000 eligible purchase with no refund gives $15 before costs. A $4,000 purchase is capped at $50. A $1,000 refund of that capped purchase reverses $12.50, leaving $37.50. Six $4,000 purchases reach the $250 monthly cap before refunds. An assumed $20 cost against a $15 reward gives negative $5.
Read the refund model and its limits