Rated 4.5/5 stars by our editorial team
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3.8/5.0 from 32 Offer Ratings
Over the Past 60 Days!
Regular Purchase APR
Intro Purchase APR
0% on purchases for 15 months
Intro BT APR
0% on balance transfers for 15 months
Typical Credit Needed
Foreign Transaction Fee
2.7% of each transaction after conversion to US dollars.
Balance Transfer Fee
Either $5 or 3% of the amount of each transfer, whichever is greater.
Cash Advance Fee
Either $10 or 5% of the amount of each cash advance, whichever is greater.
$0 Fraud Liability
Auto Rental Insurance
Extended Warranty Program
Flight Accident Insurance
Lost Luggage Reimbursement
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 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.
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.
3.8 out of 5.0