At a glance

  • 1.5% Unlimited 1.5% Cash Back on your purchases.
$150
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.
29.24% Variable
25.24% Variable
13.99%-23.99% Variable
0% on purchases for 15 months
$0
  • 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.

At a glance

  • 1.5% Unlimited 1.5% Cash Back on your purchases.
$150
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.
29.24% Variable
25.24% Variable
13.99%-23.99% Variable
0% on purchases for 15 months
$0
  • 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.
  • 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
Apply now for American Express Cash Magnet® Card at American Express's secure site Terms & restrictions apply. See rates & fees

Our Take

TPG Editor's Rating

tooltip icon
3/5

Overview

Pros

  • Unlimited 1.5% cash back on all purchases
  • Earn a $200 statement credit after you spend $1,000 in purchases in your first 3 months
  • 0% intro APR on purchases for 15 months from the date of account opening
  • No annual fee

Cons

  • The card tacks on a 2.7% foreign transaction fee on purchases abroad, so it’s not great choice to take with you when traveling outside of the U.S.
  • You can only redeem cash back as a statement credit with a minimum redemption of $25
  • There are other cards that deliver higher cash back earnings on all purchases

Who is this card good for?

Earning Rewards