Blue Cash Everyday vs Cash Magnet - Rewards Calculator

Rewards Comparison Calculator
Review the benefits, calculate total cash back based on spend, and compare the cash value of the Blue Cash Everyday vs Cash Magnet side by side.
Last Updated 2022-07-14 By R.Flowers III

The Blue Cash Everyday® Card from American Express is a cash back credit card that earns accelerated cash back on U.S. supermarket, U.S. gas stations, and online purchases with U.S. retailers, while the American Express Cash Magnet® Card is a cash back card that earns at a flat rate across all purchases.

Both credit cards are great options if you're looking to earn cash back spending with American Express. Which card is best will depend on the type of spend you plan on running across these cards.

If you're really looking to maximize your cash back with American Express, pairing these cards is the way to go as you'll never earn less than 1.5% back across all purchases.

Comparing Rewards

The Blue Cash Everyday Card and Cash Magnet Card both earn Reward Dollars which is a form of cash back that can be put towards just about anything you can charge to the card.

Rewards Dollars are worth face value meaning that $25 Reward Dollars has a redeemable value of $25 in cash back. You can only redeem them for statement credits whenever your available Reward Dollars balance is 25 or more.

If you have less than $25 in Reward Dollars, you will not be able to use your rewards which is one of the drawbacks to earning cash back with American Express.

If you own both cards (which is the best way to maximize your cash back), the rewards with both be deposited into the same Reward Dollars balance assuming that you've attached both cards to the same login.

Comparing Earning Rates

The Blue Cash Everyday Card earns bonus cash back spending across multiple categories while the Cash Magnet Card earns a cash back at a flat rate across all purchases.

Earning Rates: Blue Cash Everyday vs Cash Magnet
Blue Cash Everyday
  • 3% Cash Back on up to $6,000 in annual spend at U.S. supermarkets, then 1%
  • 3% Cash Back on up to $6,000 in annual spend at U.S. gas stations, then 1%
  • 3% Cash Back on up to $6,000 in annual spend on U.S. online retailers, then 1%
  • 1% Cash Back on all other purchases
Cash Magnet
  • 1.5% Cash Back on all purchases

The Blue Cash Everyday will easily beat out the Cash Magnet Card on purchases at U.S. supermarket, U.S. gas stations, and U.S. online retailers and lose to all other purchases as you'll only earn 1% cash back versus the Cash Magnet Card's 1.5% back.

If you want to maximize your rewards, the best option is to pick up both of these cards as you'll be able to increase your reward potential.

You'll use the Blue Cash Everyday Card to earn bonus cash back at U.S. supermarkets, U.S. gas stations, and with U.S. online retailers, and whip out the Cash Magnet Card to earn 1.5% back on everything else.

Comparing Benefits

The Blue Cash Everyday Card and Cash Magnet Card do not feature any special benefits specific to the cards themselves.

Both cards offer the same standard suite of American Express benefits which includes complimentary ShopRunner membership, access to AMEX offers, and more.

Blue Cash Everyday vs Cash Magnet Benefits
Blue Cash Everyday
  • Standard AMEX Benefits
Cash Magnet
  • Standard AMEX Benefits

Cash Back Calculator

Calculate how much cash back you can earn with the Blue Cash Everyday vs the Cash Magnet Card. Compare the results side by side and find out which card earns you the most rewards.

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