American Express Cash Magnet™ Card

American Express Cash Magnet™ Card

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American Express Cash Magnet™ Card See Rates & Fees , Terms Apply
Partner Offer

American Express Cash Magnet™ Card

Good to Excellent Credit Recommended (670-850) ? CreditCards.com credit ranges are a variation of FICO® Score 8, one of many types of credit scores lenders may use when considering your credit card application.
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Intro Bonus
Intro Bonus
$250 Earn up to $250 back. Here’s how: Earn a $150 statement credit after you spend $1,000 or more in purchases with your new Card within the first 3 months of Card Membership. Plus, earn an additional $100 statement credit after you spend an additional $6,500 in purchases within your first 12 months.
Reward Rates
1.5% Unlimited 1.5% Cash Back on your purchases.
Balance Transfers Intro APR
0% on balance transfers for 15 months
Purchases Intro APR
0% on purchases for 15 months
Regular APR
14.99%-25.99% Variable
Annual Fee
$0

Highlights

  • Earn up to $250 back. Here's how: Earn a $150 statement credit after you spend $1,000 or more in purchases with your new Card within the first 3 months of Card Membership.
  • Plus, earn an additional $100 statement credit after you spend an additional $6,500 in purchases within your first 12 months.
  • No Annual Fee.
  • Unlimited 1.5% Cash Back on your purchases.
  • Cash Back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
  • Low intro APR: 0% for 15 months on purchases and balance transfers, then a variable rate, currently 14.99% to 25.99%.
  • With Plan It℠, you can set up a monthly payment plan for large purchases with a fixed monthly fee and no interest charges, all with the same rewards and protections you expect from American Express.
  • Over 1.5 million more places in the U.S. started accepting American Express® Cards in 2017.
  • Terms Apply.

Features

  • 0% Introductory APR
    0% Introductory APR

Staff Review

 

Editor's Rating:

3.8-star review

3.8 out of 5

Our take: The American Express Cash Magnet card’s flat rate of 1.5 percent cash back is par for the course, but its introductory offer of $250 cash back is worth your consideration.

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All reviews are prepared by CreditCards.com staff. Opinions expressed therein are solely those of the reviewer. The information, including card rates and fees, presented in the review is accurate as of the date of the review.