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.
All information about the American Express Cash Magnet Card has been collected independently by MoneysMyLife. The American Express Cash Magnet Card is no longer available through MoneysMyLife.
The American Express Cash Magnet® Card has an offer for $150 cash when you spend $1,000 within the first 3 months (ways to meet this spending requirement). This is a competitive offer for a no-annual-fee cash back card.
The Cash Magnet card is a great cash back option if you want to keep your rewards simple. You’ll earn unlimited 1.5% cash back on all purchases, regardless of merchant category. But, you can’t redeem your rewards as cash back to your bank account. You’ll need to redeem as statement credits.
This card also features Plan It®, an option available to cardholders to split select purchases of $100 or more into monthly payments with a fixed fee.
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