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3.8/5.0 from 19 Offer Ratings
Over the Past 60 Days!
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CompareCards was one of three sites that met all the criteria.
Trusted & Secure
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Empowering over
50,000,000 card holders Since 2005 -
American Express Cash Magnet® Card – $150 Welcome Offer
An Advertising Partner
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
19 Total Ratings
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Related Card Offers
- Welcome Offer Earn 75,000 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 75,000 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 Honors portfolio of brands.
- 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
- Welcome Offer Earn 125,000 Hilton Honors Bonus Points with the Hilton Honors American Express Surpass® Card after you use your new Card to make $2,000 in eligible purchases within the first 3 months of Card Membership.
- Rewards Rate Up to 12X Hilton Honors Bonus Points for each dollar of eligible purchases
- Extra Perks Earn Hilton Honors Diamond status
- Annual Fee $95
- Credit Needed Excellent/Good
- Card Brand American Express
Highlights
- Click "APPLY NOW" to apply online
- Earn 125,000 Hilton Honors Bonus Points with the Hilton Honors American Express Surpass® Card after you use your new Card to make $2,000 in eligible purchases within the first 3 months of Card Membership.
- Earn a Weekend Night Reward from Hilton Honors after you spend $15,000 on purchases on your Card in a calendar year.
- Earn 12X Hilton Honors Bonus Points for each dollar of eligible purchases charged on your Card directly with a hotel or resort within the Hilton Portfolio.
- Earn 6X Hilton Honors Bonus Points for each dollar of eligible purchases on your Card 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.
- Spend $40,000 on eligible purchases on your Card in a calendar year and you can earn Hilton Honors Diamond status through the end of the next calendar year.
- $95 annual fee.
- Terms Apply.
- See Rates & Fees
See additional details for Hilton Honors American Express Surpass® Card
