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American Express Cash Magnet™ Card

  • Earn a $150 statement credit after you spend $1,000 or more in purchases with your new Card within the first 3 months of Card Membership.
  • Unlimited 1.5% Cash Back on your purchases.
  • Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
  • Low intro APR: 0% for 15 months on purchases and balance transfers, then a variable rate, currently 15.24% to 26.24%.
  • $0 plan fees for plans set up during your first 15 months of Card Membership with Plan It®, a feature that lets you split up big purchases into monthly payments with a fixed fee.
  • Over 1.5 million more places in the U.S. started accepting American Express® Cards in 2017.
  • No Annual Fee.
  • Terms Apply.
  • See Rates & Fees
Balance Transfer Intro. Purchases Intro Bonus Offer Regular APR Annual Fee Reviews
 0% for 15 months  0% for 15 months $150 Statement Credit 15.24% - 26.24% Variable* $0 Be the First
This content is not provided by American Express. Any opinions, analyses, reviews or recommendations expressed here are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by American Express.

Offer Summary:
American Express Cash Magnet™ Card is for people who would prefer to receive cash back for using their card. This offer is targeted for people who will use this card for personal use with an excellent credit history. Keeping in mind that APR's can be different from person to person, the lowest regular APR for this offer is 15.24% Variable* and may be up to 26.24% Variable*. (See Rates & Fees) Your credit score and other factors will determine this.

Rate Information:
This card offer does come with 0% introductory APR for 15 months for purchases and balance transfers.(See Rates & Fees)

The regular APR for this offer is variable. A Variable APR means that the interest rate may change based on the U.S. Prime Rate.

American Express Cash Magnet™ Card has no annual fee.* (See Rates & Fees)

For rates and fees of the American Express Cash Magnet™ Card, please click here

Card Offer Rewards:
This is a cash back rewards card. Cash back incentives are usually rewarded as a percentage of the dollar amount purchased with the card. Most issuers give you options on how you would like to receive your cash back rewards. Normally you can choose to receive a check or use it for a credit on your account. Additionally you may be able use it to purchase a product or service in their rewards catalog.

Bonus Offer For New Applicants:
Earn $150 Statement Credit after you make $1,000 in qualifying purchases within the first 3 months.*

Card Member Extra Benefits And Perks:
Review the card application for additional card member benefits.

Apply Now for the American Express Cash Magnet™ Card
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†See the online credit card application for details about terms and conditions. Reasonable efforts are made to maintain accurate information. However all credit card information is presented without warranty. When you click on the "Apply Now" button, you can review the credit card terms and conditions on the issuers website.

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Editorial Disclosure: The editorial content on this page is not provided by any bank, credit card issuer, airlines or hotel chain, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, not those of the bank, credit card issuer, airlines or hotel chain, and have not been reviewed, approved or otherwise endorsed by any of these entities