Advertiser Disclosure

American Express Cash Magnet® Card

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Rates and Fees
Bonus Points
$200 back
Estimated Value
Recommended Credit
670 - 850
Annual Fee
$0
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.

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.

All information about the Hilton Honors American Express Aspire Card has been collected independently by Daily Drop.

Summary

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

  • Earn 1.5% cash back on all eligible purchases
  • No annual fee
  • New purchases accrue no interest for the first 15 months after you open the account
  • Some travel, entertainment, and Amex-specific benefits that other cash back cards may not have
  • Car rental loss and damage insurance
  • $200 statement credit

👍 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

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👎 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

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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.

All information about the Hilton Honors American Express Aspire Card has been collected independently by Daily Drop.

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