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.
|Authorized User Fee|
|Foreign Transaction Fee|
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
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.
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.
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.