Cash Magnet™ Card


For People with
Good Credit

REVIEWS

Reviews

The Cash Magnet Card from American Express is a simple cash back card, offering a flat rate of 1.5% cash back for every purchase you make.

There’s a solid signup bonus of $150 for spending $1,000 in the first 3 months after account opening. An extra $100 cash back is offered for spending a total of $7,500 in the first year of card ownership.

Cardholders get a 15-month 0% intro APR for both purchases and balance transfers, providing over a year to pay off purchases or balances at no interest.

There are several shopping and travel protections, including Purchase Protection and Travel Accident Insurance. Complimentary ShopRunner membership is included.

You’ll pay no annual fee to use this card.

Card Quick Facts

Card Quick Facts

  • 1.5% cash back for every purchase
  • $150 bonus cash back for spending $1,000 in the first 3 months
  • $100 bonus cash back for spending a total of $7,500 in the first 12 months
  • 15-month 0% intro APR for purchases and balance transfers
  • Complimentary ShopRunner membership
  • Shopping and travel protections
  • No annual fee

For People with
Good Credit

REVIEWS

Reviews

Manage My Card

Want to pay a bill or check your balance?

Card Details

Rewards

Rewards

  • 1.5% cash back for every purchase

Introductory Bonus

  • $150 cash back for spending $1,000 in the first 3 months; $100 cash back for spending a total of $7,500 in the first 12 months
Card Stats

Card Stats

Annual Fee $0
Additional Cards Annual Fee -
Regular Purchase APR 14.74%–25.74% Variable
Intro Purchase APR 0% for 15 months
Foreign Transaction Fee 2.7%
Chip Technology Chip-and-Signature
Minimum Credit Limit -
Maximum Credit Limit -
Free Credit Score Yes
Penalty APR 29.99% Variable
Late Fee Up to $38
Returned Payment Fee Up to $38
Balance Transfers

Balance Transfers

Intro Balance Transfer APR 0% for 15 months, for transfers made within 60 days
Regular Balance Transfer APR 14.74%–25.74% Variable
Balance Transfer Fee 3%, $5 minimum
Cash Advances

Cash Advances

Cash Advance APR 26.99% Variable
Cash Advance Fee 3%, $5 minimum

Card Benefits

Check your card’s Guide to Benefits to learn the specific benefits your card offers and how to access them.

  • Amex Offers

    Get significant discounts at a wide variety of retailers, both online and in-store.

  • Lowest Hotel Rates Guaranteed

    For eligible prepaid hotels booked through Amex Travel.

  • Entertainment Access

    Exclusive discounts to events, concerts, sporting events, and shows.

  • Complimentary ShopRunner Membership

    Cardholders can enroll in ShopRunner for free, which provides free two-day shipping and returns at participating retailers.

  • $0 Fraud Liability

    You won’t be held responsible for fraudulent charges.

  • Dispute Resolution

    Provides help with fraudulent transactions, including negotiating with retailers.

  • Extended Warranty

    Eligible manufacturer’s warranties of 5 years or less can be doubled, up to 2 additional years.

  • Purchase Protection

    Eligible items purchased with your card are protected against accidental damage and theft for 120 days.

  • Return Protection

    Reimbursement if the merchant won’t take back your eligible purchases within 90 days.

  • Global Assist® Hotline

    When you travel 100 miles or more from home you can get help with travel accidents such as a lost passport, the need for a lawyer, sudden illness, and more. You pay for all third-party service costs.

  • Roadside Assistance Hotline

    Assistance with services such as towing, changing a flat, or boosting a battery in case of emergency. You pay for all third-party service costs.

  • Car Rental Loss and Damage Insurance

    Stolen or damaged vehicles are covered if you use your card to pay and reserve the rental, and you decline the collision damage waiver. Not all rentals or vehicles are covered. Provides secondary coverage only, not liability coverage.

  • Travel Accident Insurance

    Added financial security covering death or dismemberment when traveling by common carrier.

Visitor Reviews

Read about experiences others have had with this card and leave your own review here.

Submit your review
1
2
3
4
5
Submit
     
Cancel

Create your own review

Average rating:  
 0 reviews

The Insider

Kat Tretina
Review of the American Express® Gold Card
Kat Tretina | Oct 19, 2018

With a $250 annual fee, some people might avoid the American Express Gold Card. But reconsider: it delivers exceptional value for travelers and foodies.

Read More
Susan Shain
What Are the World’s Most Exclusive Luxury Credit Cards? Here Are 8
Susan Shain | Oct 15, 2018

Want to see how the other half lives? Here are the world's most exclusive credit cards — one even has diamonds on it! We also share 3 you can apply for.

Read More
Kat Tretina
Review of the Citi ThankYou® Preferred Card for College Students
Kat Tretina | Oct 11, 2018

The Citi ThankYou Preferred Card for College Students is made for limited credit and offers 2X points on dining and entertainment, plus other benefits.

Read More