Credit Cards (US)

Cash Magnet® Card review: Get more from your spending with American Express

With the Cash Magnet® Card credit card, you can rack up rewards on everyday purchases and get even more value for your money! Check out this review to learn about all of its incredible benefits.

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Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more

Partner Offer through CreditCards.com

Cash Magnet® Card: No annual fee and a great welcome bonus

Cash Magnet® Card from American Express
This Amex credit card will add pretty well to your wallet. Source: The News Stacker.

With this credit card, you can get rewarded for everyday purchases! Discover all of its advantages by reading this Cash Magnet® Card review.

Cash Magnet® Card from American Express

How to apply for the Cash Magnet® Card

Learn how to easily and quickly apply for the Cash Magnet® Card from American Express – a great rewards card with no annual fee.

  • Credit Score: Good to Excellent (670 – 850)
  • APR: 18.24% – 29.24% Variable Rates & Fees 
  • Annual Fee: There is no annual fee Rates & Fees 
  • Fees: 2.7% foreign transaction. Rates & Fees 
  • Welcome bonus: $150 statement credit when you spend just $1,000 in the first three months. *Terms Apply
  • Rewards: Unlimited 1.5% Cash Back. *Terms Apply

With its competitive 1.5% cash back on all eligible purchases, no annual fee, and great signup bonus, this card offers plenty of benefits to help your finances go further. 

Plus, with its straightforward rewards program and no rotating categories or minimums to remember, it makes light work of managing daily spending, so you can quickly reap the rewards. 

Furthermore, read on for more information about this amazing cashback card from American Express!

Cash Magnet® Card: is it good?

The Cash Magnet® Card from American Express is an excellent option for someone who wants a straightforward rewards credit card without the hassle of managing multiple categories for varying levels of cash back. 

With its flat rate of 1.5% of every purchase and no annual fee, users can rest assured that they will get consistent rewards for every dollar spent, in addition to a $150 statement credit when spending $1K within the first three months of account opening. 

Its low-interest rates also make it an attractive choice for those looking to take advantage of their available balance while still earning rewards. 

Overall, the Cash Magnet® Card review is incredibly positive, and it is definitely worth considering if you’re in the market for a no-hassle rewards credit card.

Should you apply for Cash Magnet® Card?

Cash Magnet® Card from American Express
Enjoy 0% intro APR and Pay It Plan It® for big purchases. Source: Canva.

Let’s explore this American Express Cash Magnet® Card review further by examining some of its main advantages and pitfalls. We’ve highlighted all this card offers so you can make an informed decision!

Pros

  • No annual fee
  • Simple cash back rewards structure
  • Introductory purchase APR offer

Cons

  • Foreign transaction fee
  • Limited cash back options

What are the credit score requirements?

For those interested in the American Express Cash Magnet® Card, having a good to excellent credit score (670-850) can be essential. 

Whether you qualify mainly depends on your financial history and individual circumstances, so take time to review these considerations before applying!

Learn how to apply for the Cash Magnet® Card

With its many attractive features, the American Express Cash Magnet® Card is sure to satisfy. 

Ready to make it your own? Our step-by-step guide will show you just how easy it can be! Click on the link and take a big leap toward financial freedom today.

Cash Magnet® Card from American Express

How to apply for the Cash Magnet® Card

Learn how to easily and quickly apply for the Cash Magnet® Card from American Express – a great rewards card with no annual fee.

Terms apply to American Express benefits and offers. Enrollment may be required for select American Express benefits and offers. Visit americanexpress.com to learn more

Partner Offer through CreditCards.com

About the author  /  Vinicius Barbosa

Vinicius Barbosa is a writer of finance-related content on this portal. Graduated in Social Communication, he writes about everything that involves the world of finances, from credit card recommendations to investment tips, for readers who want to make better decisions when it comes time to spend their money or invest wisely.

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