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American Express Cash Magnet® Card

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Rates and Fees

Annual Fee: $0

Bonus Miles
Cash Back
$200
Recommended Credit
670 - 850
Current Offer

Earn $200 back after you spend $2,000 in purchases on your new Card within the first 6 months of Card Membership. You will receive the $200 back in the form of a statement credit.

✅ Check if you're pre-approved or eligible for elevated offers using the CardMatch Tool

Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.

All information about the American Express Cash Magnet® Card has been collected independently by Daily Drop.

$200
Cash Back

Earn $200 back after you spend $2,000 in purchases on your new Card within the first 6 months of Card Membership. You will receive the $200 back in the form of a statement credit.

Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more.

All information about the American Express Cash Magnet® Card has been collected independently by Daily Drop.

For American Express products listed in this page, Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by Amex Assurance Company.

Summary

The American Express Cash Magnet™ Card is a cash-back credit card designed for individuals who prefer straightforward rewards. It offers unlimited cash-back on all eligible purchases, making it a simple and rewarding choice for those who want to earn cash-back without dealing with complex categories or restrictions.

Earning Rewards

  • 1.5% cash-back per $1 on everyday purchases. (Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit.)

Additional Benefits

  • Access to American Express Offers, which provides additional savings on various purchases

Foreign Transaction Fee

  • 2.7% of transaction amount in USD

For American Express products listed in this page, Eligibility and Benefit level varies by Card. Terms, Conditions, and Limitations Apply. Please visit americanexpress.com/benefitsguide for more details. Underwritten by Amex Assurance Company.

Also consider

The Plum Card® from American Express

The Plum Card® from American Express

The Plum Card® from American Express

Earn unlimited 1.5% cash back on eligible charges when you pay within 10 days of your statement closing date.
Earn unlimited 1.5% cash back on eligible charges when you pay within 10 days of your statement closing date.
The Plum Card from American Express is a unique charge card designed for businesses, providing flexibility in managing cash flow by offering a discount for early payment on your statement balance. With no preset spending limit and the ability to defer payment on certain expenses, it's a valuable tool for businesses looking for payment flexibility and discounts while managing their finances.
✅ Check if you're pre-approved or eligible for elevated offers using the CardMatch Tool
Blue Cash Everyday® Card from American Express

Blue Cash Everyday® Card from American Express

Blue Cash Everyday® Card from American Express

$200
Cash Back
Earn $200 back after you spend $2,000 in purchases on your new Card within the first 6 months of Card Membership.
$200
Cash Back
Earn $200 back after you spend $2,000 in purchases on your new Card within the first 6 months of Card Membership.
The Blue Cash Everyday Card from American Express is a popular cash-back credit card that provides valuable rewards for everyday spending. It also offers new card members a welcome bonus and has no annual fee, making it a practical choice for those looking to maximize their cash-back rewards without additional costs.
✅ Check if you're pre-approved or eligible for elevated offers using the CardMatch Tool

American Express Cash Magnet® Card

CURRENT OFFER

$200

Cash Back

Earn $200 back after you spend $2,000 in purchases on your new Card within the first 6 months of Card Membership. You will receive the $200 back in the form of a statement credit.

REWARDS RATE
ANNUAL FEE
Daily Drop Score
out of 100
Annual fee (20%)
Welcome Offer (20%)
Point Redemption Value (20%)
Rewards Rates (15%)
Benefits (15%)
Travel Protections (10%)
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Our Methodology

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Pros and Cons

The Pros

  • Straightforward cashback rewards on all eligible purchases
  • No annual fee
  • An introductory 0% APR offer for purchases
  • Access to American Express Offers, which provides additional savings on various purchases

The Cons

  • The cashback rate may be lower than some other specialized cashback cards in certain spending categories
  • The introductory 0% APR offer is for purchases only, not balance transfers

Rewards Summary

  • 1.5% cash-back per $1 on everyday purchases. (Cash back is received in the form of Reward Dollars that can be redeemed as a statement credit.)

Additional Benefits

  • Access to American Express Offers, which provides additional savings on various purchases

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How to make the most of your

American Express Cash Magnet® Card

Where to Transfer Your Points

PROGRAM NAME
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Offer History

OFFER DATES
OFFER DETAILS
April 1, 2024
to
May 1, 2024
Earn 75,000 bonus points after you spend $4,000 on purchases in the first three months from account opening.
May 1, 2024
to
May 8, 2024
Earn 75,000 bonus points after you spend $4,000 on purchases in the first three months from account opening.
June 3, 2024
to
June 10, 2024
Earn 75,000 bonus points after you spend $4,000 on purchases in the first three months from account opening.

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American Express Cash Magnet® Card

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