American Express Cash Magnet® Card

American Express Cash Magnet® Card

$0 Annual Fee

Fee for maintaining card

$150 Welcome Offer Value

As of 04/2020

1.5% Cash Back

Rewards rate

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on American Express's website

Terms apply. Rates and fees

American Express Cash Magnet® Card

Card details and rates

Card details and bonus

  • 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.
  • Cash Back is received in the form of Reward Dollars that can be redeemed for statement credits.
  • Low intro APR: 0% for 15 months on purchases and balance transfers from the date of account opening, then a variable rate, currently 12.99% to 23.99%.
  • 0% introductory plan fee on each purchase moved into a plan during the first 15 months from the date of account opening with Plan It®, a feature that lets you split up big purchases into monthly payments with a fixed fee. After that, your plan fee will be up to 1.17% of each purchase moved into a plan based on the plan duration, the APR that would otherwise apply to the purchase.
  • Don't wait for your Card in the mail. Start earning cash back before your Card even arrives, if eligible for Instant Card Number.
  • No Annual Fee.
  • Terms Apply.

Rates & fees

Annual Fee


Ongoing Variable APR

12.99% - 23.99%

Balance Transfer Fee

3.00% ($5 minimum)

Foreign Transaction Fee



American Express


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