American Express Cash Magnet Card

American Express Cash Magnet Card card art
Our Take

This is American Express' no frills cash back card. It's meant for people who want simplicity over maximizing rewards. If you like that trade-off, this is an attractive choice.

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Learn Moreand find out how you can apply here

Features

Everyday Rewards

See terms*

Annual Fee

See terms*

Annual Fee
No Annual Fee
Balance Transfer Fee
Either $5 or 3% of the amount of each transfer, whichever is greater.
Cash Advance Fee
Either $5 or 3% of the amount of each cash advance, whichever is greater.
Foreign Transaction Fee
2.7% of each transaction after conversion to US dollars
Why We Like It:

"Cash Back Simplicity"

Recommended Credit:
690
850
Excellent and Good Credit

Our Review

American Express Cash Magnet Card review.
Highlights
  • Earn Unlimited 1.5% Cash Back on purchases
  • Earn $200 back after you spend $1,000 in purchases on your new Card in your first 3 months
  • Have the option to carry a balance with interest or pay in full each month. Whether you're managing your monthly expenses or making a large purchase, you can have the payment flexibility you need while continuing to earn rewards
  • Over 1.5 million more places in the U.S. started accepting American Express 2017 alone
Ratings

Cashback Reward

5

Intro APR

5

Balance Transfer Fee

5

Annual Fee

5

Foreign Transaction Fee

4

Overall

5

Overall
5
Learn Moreand find out how you can apply here

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