Credit Cards » American Express Credit Cards » American Express Cash Magnet® Card

American Express Cash Magnet® Card

American Express Cash Magnet® Card See Rates & Fees , Terms Apply

Partner Offer

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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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.
Learn More
Intro Bonus
$150 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.
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
12.99%-23.99% Variable
Annual Fee
$0

Great for:

Flat-rate rewards. This card's flat rate rewards add up quickly when looking to earn cash back. The welcome bonus also offers a nice addition to your earnings.

See more of the best cash back cards.

Highlights

  • 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.
  • Unlimited 1.5% Cash Back on your purchases.
  • Cash Back is received in the form of Reward Dollars that can be redeemed for statement credits.
  • Low intro APR: 0% for 15 months on purchases and balance transfers from the date of account opening, then a variable rate, currently 12.99% to 23.99%.
  • 0% introductory plan fee on each purchase moved into a plan during the first 15 months from the date of account opening with Plan It®, a feature that lets you split up big purchases into monthly payments with a fixed fee. After that, your plan fee will be up to 1.17% of each purchase moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase.
  • Don’t wait for your Card in the mail. Start earning cash back before your Card even arrives, if eligible for Instant Card Number.
  • No Annual Fee.
  • Terms Apply.

Features

  • 0% Introductory APR
    0% Introductory APR
  • Balance Transfer
    Balance Transfer
  • Cash Back
    Cash Back
  • Rewards
    Rewards

Staff Review

 

Editor's Rating:

2.9-star review

2.9 out of 5

Our take: The 1.5 rewards rate on the American Express Cash Magnet card is nothing special, but the introductory offer is a nice bit of extra pocket change.

Read full review

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.