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3.8/5.0 from 128 Offer Ratings
Over the Past 60 Days!
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Those who always pay their balances in full and on time will usually come out ahead.
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The offers on the credit card landscape are constantly changing which is great news for consumers.
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In the future, the companies that will thrive are those able to give customers exactly what they want, the way they want it, when they want it.
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CompareCards was one of three sites that met all the criteria.
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American Express Cash Magnet® Card – $150 Welcome Offer
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Apply Now
Add to Compare
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
- Annual Fee $0
-
Credit Needed
Excellent/Good
- Card Brand American Express
Card Details
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.
Penalty APR 29.24% Variable
Ongoing Information
Rewards Rate Unlimited 1.5% Cash Back on your purchases
Annual Fee $0
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
From the CompareCards.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.
Expert Reviews of the American Express Cash Magnet® Card – $150 Welcome Offer
- 4.0
Regular APR
- 4.0
Intro APR
- 4.0
Fees
- 5.0
Benefits
4.5/5 Overall Rating
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.
Consumer Reviews
Offer Rating
3.8/5.0
128 Total Ratings
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Related Card Offers
- Welcome Offer Earn 20% back on purchases at Amazon.com on the Card in the first 6 months, up to $200 back. Plus, earn $100 back after you spend $1,000 in purchases on your new Card within the first 6 months
- Bonus Cash Back 3% at U.S. supermarkets on up to $6,000 per year in purchases*
- Rewards Rates 2% cash back at U.S. gas stations and at select U.S. department stores, 1% back on other purchases.
- Annual Fee $0
- Credit Needed Excellent/Good
- Card Brand American Express
Highlights
- Click "APPLY NOW" to apply online
- Earn 20% back on purchases at Amazon.com on the Card in the first 6 months, up to $200 back.
- Plus, earn $100 back after you spend $1,000 in purchases on your new Card within the first 6 months.
- 3% Cash Back at U.S. supermarkets (on up to $6,000 per year in purchases, then 1%).
- 2% Cash Back at U.S. gas stations and at select U.S. department stores.
- 1% Cash Back on other purchases.
- Low intro APR: 0% for 15 months on purchases from the date of account opening, then a variable rate, 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.
- Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits.
- No annual fee.
- Terms Apply.
- See Rates & Fees
See additional details for Blue Cash Everyday® Card from American Express
- Welcome Offer $300 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months.*
- Bonus Rewards 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%). 6% Cash Back on select U.S. streaming subscriptions. 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more). 1% Cash Back on other purchases.
- Rewards Rates 1% back on other purchases*
- Annual Fee $0 introductory annual fee for one year, then $95
- Credit Needed Excellent/Good
- Card Brand American Express
Highlights
- Click "APPLY NOW" to apply online
- Limited Time Offer: Earn a $300 statement credit after you spend $3,000 in purchases on your new Card within the first 6 months. Offer Expires 12/10/2020
- Limited Time Offer: $0 introductory annual fee for one year, then $95. Offer Expires 12/10/2020
- 6% Cash Back at U.S. supermarkets on up to $6,000 per year in purchases (then 1%).
- 6% Cash Back on select U.S. streaming subscriptions.
- 3% Cash Back at U.S. gas stations and on transit (including taxis/rideshare, parking, tolls, trains, buses and more).
- 1% Cash Back on other purchases.
- 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.
- Cash Back is received in the form of Reward Dollars that can be redeemed as a statement credit.
- Terms Apply.
- See Rates & Fees
See additional details for Blue Cash Preferred® Card from American Express
- Welcome Offer Earn 80,000 Hilton Honors Bonus Points with the Hilton Honors American Express Card after you use your new Card to make $1,000 in eligible purchases within the first 3 months of Card Membership.
- Rewards Rate Up to 7X Hilton Bonus Points for each dollar of eligible purchases
- Rates & Fees No Foreign Transaction Fees. Enjoy international travel without additional fees on purchases made abroad
- Annual Fee $0
- Credit Needed Excellent/Good
- Card Brand American Express
Highlights
- Click "APPLY NOW" to apply online
- Earn 80,000 Hilton Honors Bonus Points with the Hilton Honors American Express Card after you use your new Card to make $1,000 in eligible purchases within the first 3 months of Card Membership.
- Earn 7X Hilton Honors Bonus Points for each dollar of eligible purchases charged directly with a hotel or resort within the Hilton portfolio.
- Earn 5X Hilton Honors Bonus Points for each dollar of eligible purchases at U.S. restaurants, U.S. supermarkets, and U.S. gas stations.
- Earn 3X Hilton Honors Bonus Points for all other eligible purchases on your Card.
- No Foreign Transaction Fees. Enjoy international travel without additional fees on purchases made abroad.
- Enjoy complimentary Hilton Honors Silver status with your Card. Plus, spend $20,000 on eligible purchases on your Card in a calendar year and you can earn an upgrade to Hilton Honors Gold status through the end of the next calendar year.
- No Annual Fee.
- Terms Apply.
- See Rates & Fees
See additional details for Hilton Honors American Express Card
