Get the American Express Cash Magnet Card to earn unlimited 1.5% cash back on all of your purchases with no annual fee.
Plus, you’ll earn $150 cash back after $1,000 in purchases within 3 months.
Your cash back earnings will be provided in the form of Reward Dollars, which can be redeemed for statement credits, gift cards, and merchandise.
To apply, visit the Cash Magnet Card directly on the American Express website.
Although unlimited 1.5% cash back may not be quite as good as the Unlimited 2% Citi Double Cash Card, you may wish to apply for the American Express Cash Magnet Card to get the $150 bonus.
American Express Cash Magnet Card Features
- Earn Unlimited 1.5% Cash Back on All Card Purchases with No Caps and No Categories.
- Get $150 after $1,000 in purchases within first 3 months.
- Receive Your Cash Back in the form of Reward Dollars, which can be redeemed as a Statement Credit, Gift Card, or for Merchandise.
- Plan It: You can set up a monthly payment plan for large purchases with a fixed monthly fee and no interest charges, all with the same rewards.
- Pay It: You can pay off smaller purchase amounts as soon as they appear on your bill, thus lowering your monthly statement balance.
- 0% Intro APR on Purchases and Balance Transfers, then a variable APR.
- No Annual Fee.
Unlimited 1.5% Cash Back for Cash Magnet Card
You will earn unlimited 1.5% cash back on all of your eligible card purchases.
Your 1.5% cash back will be provided to you in the form of Reward Dollars.
You can redeem Reward Dollars for statement credits whenever your available reward dollars balance is $25 or more.
American Express may offer you other ways to redeem Reward Dollars, such as for gift cards or merchandise.
Pay It with Cash Magnet Card
Pay It is only available in the American Express Mobile App for your eligible Cash Magnet Card account.
With the Pay It feature, you can make a payment equal to the amount of a billed purchase less than $100.
Payments made with Pay It are not applied to that billed purchase but to your outstanding balance in accordance with how they apply payments.
Plan It with Cash Magnet Card
Plan It allows you to create up to 10 active payment plans for qualifying purchases of $100 or more, subject to a plan fee.
This fee is a fixed finance charge that will be charged each month that a plan is active.
You may use this feature by selecting a qualifying purchase and a plan duration.
Qualifying purchases will be identified in your American Express online account or American Express Mobile for your eligible Cash Magnet Card account.
Your ability to create plans will be based on a variety of factors such as your creditworthiness or your credit limit.
Sign up for the new American Express Cash Magnet Card during this special $150 launch promotion to qualify for extra cash rewards and earn unlimited 1.5% cash back on all of your card purchases with no limits on how much you can earn.