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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.
Penalty APR 29.99% Variable
Rewards Rate Unlimited 1.5% Cash Back on your purchases
Annual Fee $0
$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
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.