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American Express Cash Magnet® Card – $150 Welcome Offer

An Advertising Partner

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on American Express's secure site

American Express Cash Magnet® Card – $150 Welcome Offer

An Advertising Partner

 

Rated 4.5/5 stars by our editorial team

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Your Rating:

3.8/5.0 from 15 Offer Ratings
Over the Past 60 Days!

(15) Over the Past 60 Days!

Apply Now

on American Express's secure site


  • Regular Purchase APR

    13.99%-23.99% Variable

  • Intro Purchase APR

    0% on purchases for 15 months

  • Intro BT APR

    N/A

  • Typical Credit Needed

    549

    600

    660

    720

    850

  • Annual Fee

    $0

  • Card Brand

    American Express

Highlights

  • Click "APPLY NOW" to apply online
  • 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.
  • Low intro APR: 0% for 15 months on purchases from the date of account opening, then a variable rate, currently 13.99% to 23.99%.
  • Plan It® gives the option to select purchases of $100 or more to split up into monthly payments with a fixed fee and no interest.
  • Amex Offers rewards you at places you like to shop, dine, travel, and more. You can add as many Offers as you’d like to your Card, then just use that Card to pay, and enjoy rewards directly on your statement.
  • Cash Back is received in the form of Reward Dollars that can be redeemed for statement credits.
  • No Annual Fee.
  • Terms Apply.
  • See Rates & Fees

Card Fees

  • Foreign Transaction Fee

    2.7% of each transaction after conversion to US dollars.

  • Balance Transfer Fee

    N/A

  • Cash Advance Fee

    Either $10 or 5% of the amount of each cash advance, whichever is greater.

Additional Card Details

  • $0 Fraud Liability

    Yes

  • Auto Rental Insurance

    Yes

  • Extended Warranty Program

    No

  • Roadside Assistance

    No

  • Purchase Protection

    Yes

  • Travel Assistance

    Yes

  • Flight Accident Insurance

    No

  • Lost Luggage Reimbursement

    No

  • Concierge Service

    No


Expert Reviews

  • Regular APR

    4.0

  • Intro APR

    4.0

  • Fees

    4.0

  • Benefits

    5.0

  • Overall Rating

    4.5 /5

From the LendingTree.com Editorial Team

The American Express Cash Magnet® Card is a leading cash back credit card designed for consumers who want a simple, yet rewarding piece of plastic. To start off, this card comes with an industry leading welcome offer. $150 statement credit after you spend $1,000 or more in purchases with your new Card within the first 3 months of Card Membership For ongoing rewards, cardholders earn unlimited 1.5% cash back on your purchases.
 
On top of the generous rewards offered by the American Express Cash Magnet® Card, cardholders will also enjoy intro APRs of 0% on purchases for 15 months on purchases. That makes this card an excellent choice if you need to finance a big purchase over time to save money on interest. After the intro period is up, the ongoing APR will be 13.99%-23.99% Variable.
 
With the American Express Cash Magnet® Card – $150 Welcome Offer you receive all these valuable perks and rewards and pay no annual fee. Finally, you can swipe your card confidently knowing that you're backed by the legendary American Express customer service and cardholder benefits.

The Bottom Line

With an incredible rewards program, lengthy intro APRs and no annual fee, the American Express Cash Magnet® Card has something for every consumer to love.

The Good

The welcome offer on this card is among the highest we've ever seen for a no annual fee cash back card. Plus the new Plan It℠ feature is an excellent way to easily finance large purchases.

The Not So Good

Since this card does have a foreign transaction fee, you may want to refrain from using it overseas: 2.7% of each transaction after conversion to US dollars.


Editorial Note: This content is not provided by American Express. Any opinions, analyses, reviews, or recommendations expressed on this page are those of the author’s alone, and may not have been reviewed, approved or otherwise endorsed by American Express.

Expert Reviews of the American Express Cash Magnet® Card – $150 Welcome Offer

  • Regular APR

    4.0

  • Intro APR

    4.0

  • Fees

    4.0

  • Benefits

    5.0

  • Overall Rating

    4.5 /5


Consumer Reviews 15 Reviews

Offer Rating

3.8 out of 5.0

5 Star
 
 
(3)
4 Star
 
 
(7)
3 Star
 
 
(4)
2 Star
 
 
(1)
1 Star
 
 
(0)

Your Rating

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