AMEX Cash Magnet Card - AMEX Cash Back Calculator

AMEX Cash Magnet Card

1.5% Everything

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The AMEX Cash Magnet Card is a newer addition to the AMEX family. This card joins the Blue Cash Everyday and Blue Cash Preferred in the American Express cash back credit cards. It earns a flat rate of cash back similar to most other cards on the market such as the Capital One Quicksilver and Wells Fargo Cash Wise Visa.

Bonus Categories

The AMEX Cash Magnet Card does not feature any bonus categories. It instead earns cash back at a flat rate for all purchases. There is no limit to the amount of cash back you can earn with the Cash Magnet Card.

1.5% All Purchases

The AMEX Cash Magnet Card offers a flat rate of 1.5% cash back per $1 spent on all purchases made on the card. There is no limit to the amount of cash back you can earn with the Cash Magnet Card. Earning 1.5% cash back on purchases is nothing new in the credit card world, but AMEX was missing from this picture until they released this card. There's nothing special about this card that puts it ahead of other similar cards, but it works well if you're trying to earn cash back under the American Express umbrella of credit cards. Pair this card with the Blue Cash Everyday or Blue Cash Preferred and you have yourself a solid card combo!

Perks and Benefits

Standard AMEX Benefits

There are no special perks or bonuses specific to the AMEX Cash Magnet Card, but it does come with the standard AMEX perks such as AMEX offers, roadside assistance, travel accident insurance, extended warranty, shoprunner membership, return protection, and more.

Sign Up Bonus

The standard Cash Magnet Card sign up bonus is $250 cash back. Earn $150 back after you spend $1,000 or more in purchases with your new Card within the first 3 months of Card Membership and earn an additional $100 back after you spend an additional $6,500 in purchases within your first 12 months. These bonuses will be in the form of a statement credit.

The Cash Magnet Card also has a 0% intro APR period on purchases and balance transfers for 15 months.

Credit Card Fees

Fees
Annual Fee
Authorized User Fee
Foreign Transaction Fee

Annual Fee

The Cash Magnet Card does not have an annual fee. This means you will always earn a 1.5% return and don't have to worry about trying to spend enough across the card to make it worth having.

Authorized User Fee

There is no fee to add authorized users to the Cash Magnet Card. Adding friends and family can help you build your cash back with American Express faster.

Authorized User Fee

The Cash Magnet Card has a foreign transaction fee of 2.7%. This means spending outside of the United States will drain the value of your cash back at almost double the rate. Do not use this card overseas. I would recommend using either a flat rate cash back card such as the Capital One Quicksilver or a card that focuses on bonus categories such as restaurants like the Capital One SavorOne Card and the Barclay Uber Card.

and Card Value Calculator

You can use this rewards calculator to calculate how many points, miles, or cash back you can earn based on your spend per category. This calculator will also give you the dollar value of the card based on rewards earned and how much each benefit is worth to you minus the fees. You can click the Compare A Card button to compare this card against another card in the same calculator.

All category spend entered in the primary card's column will carry over to all credit card pages on the site so you don't have to re-enter the same information over again.

Credit Card
This calculator will calculate the cash value of the selected credit card(s) based on spend, benefits, and fees. You can compare this card against any another rewards card side-by-side by clicking on the Compare A Card button.
Compare A Card
Compare A Card
Select a card from the list below to compare it side by side against this card. You can search by card name (e.g. chase sapphire reserve, uber visa) or by rewards program (e.g. thankyou points, membership rewards points).
Currency Worth
This is the cash value of points and miles used in these calculations. You can click on the amount to change the value or you can select View Rewards As to calculate your rewards when transferred to partners.
View Rewards As...
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0 Cent(s)
View Rewards As...
This section allows you to view your rewards as if you transferred them to a partner. Select a transfer partner below and the calculator will alter the calculator to reflect the transfer ratio and the reward currency of the receiving program. This only applies to the currency of the selected card. Not all programs have transfer partners. I also do not have the cash value of points and miles for all transfer partners.
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Edit Value
Enter the cash value of these rewards in cents per point/mile. You can enter the value as X.XX cents or 0.0XXX cents. The maximum value allowed is 15 cents ($0.15) and the minimal value is 0.1 cents ($0.001).
Loyalty/Rewards Programs
Covers hotel loyalty status, status with bank rewards programs, and few others. These are added automatically based on card selection, but can be manually added as well.
/ Loyalty Programs
Add/Remove Loyalty Programs
Select which loyalty programs you want to include in the calculations. You will be able to select your status with the program and it will calculate additional points/bonuses based on what you enter in the calculator.
Loyalty Programs
Other Bonuses
All card card specific bonuses will be listed here. These are added automatically based on the selected card(s).
Categories Spending
Enter how much you spend in each category listed. You can click on the amount to edit the value. You can use +/- Categories to add and remove categories from the list and Options to copy spend between columns and clear all spend.
/ Categories
Options
Add/Remove Categories
Select which categories you want to appear in this calculator. You can search categories by typing in a keyword below. De-selecting categories will remove them from this calculator. Categories are changed once you hit 'Update'.
Currently Selected:
Deselect All
Clear Spend
This will clear the spend in all of the categories in both columns. This will also clear all saved values.
Copy Spend
Copy Right will take the spend from the left column and copy it to the right column. Copy Left will take the spend from the right column and copy it to the left column. The spend amount ($) and unit of time (month, day, quarter) will be copied over.
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Reward Bonuses
This section holds sign up bonuses, loyalty bonuses, and bonus bonuses. Most bonuses here will be listed automatically based on certain criteria. You can click 'Extra Bonus' if you wish to enter your own bonus amount.
Extra Bonus
Any additional bonuses you wish to add such as a sign up bonus or point bonus for adding authorized users
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Total Earnings
Sum of all rewards above this line.
Cash Value of Earnings
Based off of currency worth.
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Calculator Continues Below
Monetary Bonuses/Perks
This is a list of cash perks and bonuses associated with the selected card(s). Some perks will be listed here automatically. You can click on 'Perk Bonus' if you want to add additional value for the card.
Perk Bonus
Enter how much you value any unmentioned perks this card offers.
$0
Annual Fees
This section contains the annual fee and authorized user fee (if applicable) to hold on to the listed card(s).
$0
Edit Fees
Edit the annual fee and authorized user fee of the Card (if applicable).
Annual Fee: -
Auth Fee: -
Grand Total
The total estimated value you can get out of this card and the amount of return for your spend.
Total Card Value
The value of the card when everything is taken into account.
$0
Total Return
The percent you are earning per dollar spent on this card.
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Page Last Updated: 2018-06-17

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About These Calculators: These calculators are provided to help you estimate the value of points, miles, and cash back you can earn with various rewards programs and using reward earning credit cards. These calculators are meant to provide an estimate of rewards earned and are not meant to reflect the exact amount of points you may receive. Be sure to read the terms and conditions of any credit card before you apply as benefit and perk changes may not be reflected immediately on this website.


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