AMEX Cash Magnet Card Calculator

Review the details on the AMEX Cash Magnet Card, calculate how much AMEX cash back you can earn, and compare results side by side top rewards cards.
Updated 2020-07-09 By Robert Flowers III

The AMEX Cash Magnet Card is a flat rate earning cash back credit card. It works best when paired with the Blue Cash Everyday Card or Blue Cash Preferred Card to ensure that you never earn less than 1.5% cash back on any purchase. Outside of that, it's your basic 1.5% cash back credit card.

Quick Details
Issuing Bank
Card Network
Rewards Earned
Annual Fee
Authorized User Fee
Foreign Transaction Fee

Bonus Categories

The AMEX Cash Magnet Card does not feature any bonus categories. It earns an unlimited 1.5% cash back per $1 spent on all purchases ran across the card.

  • 1.5% All Purchases

Perks & Benefits

The AMEX Cash Magnet Card features your standard American Express benefits.

Sign Up Bonus

The standard Cash Magnet Card sign up bonus is $150 cash back after you spend $1,000 or more in purchases with the card within the first 3 months of card membership. This sign up bonus is given to you in the form of a statement credit. The highest sign up bonus this card has seen is $250 which you can possibly get using incognito/private browsing or using a referral link.

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

Fees

Annual Fee

The Cash Magnet Card does not have an annual fee which means you'll always receive a 1.5% return when using the card.

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 internationally will drain the value of your cash back at almost double the rate.

Rewards Calculator

You can use the 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 the value of the rewards earned and how much each benefit is worth to you, minus the annual fees. You can click the Compare A Card button to compare this card side by side any other card featured on the site within the same calculator.

Note! All category spend entered in the primary card's column (first column when comparing cards) will carry over to all credit card calculators on the site. This means you will not have to re-enter the same information again and again when browsing during the session.

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 other rewards card side-by-side by clicking on the Compare A Card button.
Compare A Card
Edit Card Options
Compare A Card
Family Cards
These cards are part of the same family.
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Similar Cards
These are similar cards based on earning structure and other benefits (that aren't part of the same family).
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Search Cards
Search for credit cards by name, rewards program, or rewards currency.
Search Results Display Here
Category Spending
Enter how much you spend in each category listed. You can click on the amount to edit the value, +/- Categories to add and remove categories from the list, and Options to copy spend between columns and clear all spend.
Categories
Order
Options
Add Categories
Search for categories and click 'Add Category' to add it to the calculator. If you want to be more specific, you can specify domestic or international spend.
Type at least 3 characters.
Currently Selected:
Add Categories On Card Change
When you add/change a credit card comparision, the categories missing from the newly added card will be added to the list of categories. Toggle this off to prevent such from happening.
Clear Spend/Mobile
Clear All Spend will clear the spend in all categories in both columns and all saved values (cookies). Clear Mobile will remove the mobile pay option from all categories in both columns.
Copy Spend
Copies all spend amounts and their units of time from one column to the other. Does not copy mobilepay indicator.
Total Earnings
The sum of all rewards earned from Category Spending and Reward Bonuses, along with the cash value of it all based on Currency Worth.
From Spending
From Bonuses
From Loyalty
Cash Value
Cash value of Total Earnings based on Currency Worth.
$0

Rakuten Rewards

$25 Bonus
Earn $25 or 2,500 Membership Rewards Points when you sign up for a Rakuten Rewards account and make a $25+ purchase. Rakuten and other cash back portals allows you to easily double and triple dip on rewards. I recommend using portals when booking travel or shopping online. You can sign up through The Point Calculator referral link to help out the site.
Sign Up For Free | Rakuten Review
Monetary Bonuses & Fees
Cash bonuses, annual fees, authorized user fees, and any other listed fees.
Monetary Bonuses
Annual Fee
Auth User Fee
Cash Bonuses
Annual Fee
Auth User 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 based on spend, benefits, and fees.
$0
Total Return
The percent you are earning based on spend, earnings, and fees.

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