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Cash Back Calculator: American Express Cash Magnet® Card

Earning Rates

  • Earn 1.5% Cash Back on all purchases.

Intro Bonus

  • Earn a $200 statement credit after you spend $2,000 in purchases on your new Card within the first 6 months.

Main Benefits

  • Complimentary ShopRunner Membership.

Rewards Details

  • Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.

Our Take

The Cash Magnet Card shines best when paired with the Blue Cash Everyday® Card from American Express or Blue Cash Preferred® Card from American Express. You can use the Blue Cash credit cards to earn bonus cash back across their featured categories and use the Cash Magnet Card to earn 1.5% cash back on all other purchases.

AMEX Cash Back Calculator

Calculate cash back for the Cash Magnet Card based on spend and compare results alongside any of the 200+ cards featured on the site.

Any spend entered into the primary card column (the first column) will carry over to all credit card calculators on the site, so there's no need to re-enter spend when viewing other credit cards.

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Is the American Express Cash Magnet a good card?

It's a great option if you're looking for a standard 1.5% cash back credit card that has no annual fee.

Should I get the AMEX Cash Magnet or AMEX Blue Cash Everyday?

It depends on your spend. Both cards actually work better when paired together. You can use the Blue Cash Everyday vs Cash Magnet Calculator to find out which is better for you based on spend.