AMEX Cash Magnet Card Cash Back Calculator

Credit Card Rewards Calculator
Calculate cash back for the AMEX Cash Magnet Card by inputting your monthly or yearly spending amounts and compare alongside top rewards cards.
Last Updated 2022-04-09

The American Express Cash Magnet® Card is a no-annual fee 1.5% cash back credit card. It's a pretty straightforward card if you're looking to earn easy cash back across all of your purchases that can be redeemed toward purchase made to the card, gift cards, and more.

Card Details At-A-Glance


1.5% Cash Back

The AMEX Cash Magnet Card earns 1.5% cash back on all purchases ran through the card. There's no limit to how much cash back you can earn at this rate and no limit to the amount of cash back you can earn with the card overall.

Card Benefits

ShopRunner Membership

As an AMEX Cash Magnet Card member, you can enjoy complimentary ShopRunner Membership which gives you free 2-day shipping and free returns at 100+ stores. Enrollment required.

American Express Benefits

The AMEX Cash Magnet Card comes with several American Express benefits including:

  • Amex Send & Split
  • Pay It Plan It®
  • American Express Experiences
  • American Express Presale
  • American Express Seating
  • AMEX Offers (Enrollment Required)

Travel & Purchase Protections

The AMEX Cash Magnet Card features both travel and purchase insurance which includes:

Redeeming Cash Back

Cash back earned with personal American Express credit cards are referred to as reward dollars.

Reward dollars are worth face value and can be used for statement credits when you have at least 25 reward dollars in your account. If you have less than 25 reward dollars in your account, you will not be able to redeem your rewards.

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.