NerdWallet strives to keep its information accurate and up to date. For rates and fees of the American Express Cash Magnet® Card, click here ... Centurion® Card from American Express — Full Review [2020] Top Partner Offers. You can also find cash-back cards that offer 5% bonus rewards on categories that change quarterly. You'll earn 5% cash back in rotating quarterly categories on up to $1,500 in purchases each quarter, and 1% back on all other purchases. This card pays 5% cash back in quarterly categories that you activate (on up to $1,500 in spending per quarter) and 1% on everything else. American Express Cash Magnet Card Review: What You Need to Know. The rewards rate is above average, though not best in class, for a card without an annual fee. However, this offer includes neither a new-cardholder bonus nor a $0 intro APR period for purchases. To view rates and fees of the Blue Cash Preferred® Card from American Express, please visit this page. For example, the Citi® Double Cash Card – 18 month BT offer gives you 2% cash back on everything (1% back when you make a purchase and another 1% when you pay it off). Straightforward rewards: 1.5% back on all purchases has become the standard for cash-back credit cards, and it's the same rate as that offered by popular cards like the Capital One Quicksilver Cash Rewards Credit Card. The American Express Cash Magnet card is a great entry-level credit card, a no-frills choice that earns 1.5% cash back on every purchase. American Express offers world-class Charge and Credit Cards, Gift Cards, Rewards, Travel, Personal Savings, Business Services, Insurance and more. Amex Offers rewards you at places you like to shop, dine, travel, and more. Property and Casualty insurance services offered through NerdWallet Insurance Services, Inc.: Licenses, NerdWallet Compare, Inc. NMLS ID# 1617539, NMLS Consumer AccessLicenses and Disclosures, California: California Finance Lender loans arranged pursuant to Department of Financial Protection and Innovation Finance Lenders License #60DBO-74812. » MORE: Which 1.5% cash-back credit card should you choose? Cardholders get access to American Express’s roadside assistance hotline, car rental loss and damage insurance, travel accident insurance and global assist hotline. The offer: . Plenty of other cards, including some with no annual fees, have better rewards schemes and juicier benefits. Get started with American Express Cash Magnet® Card. Unlimited 1.5% Cash Back on your purchases. This no annual fee card comes with an attractive welcome bonus and a flat 1.5% earnings rate on purchases (see rates and fees).However, for some this new card might not … To view rates and fees of the Blue Cash Everyday® Card from American Express, please visit this page. . It offers both upfront bonuses and ongoing cash rewards that are very easy to qualify for. With the American Express Cash Magnet Card, you’ll earn $150 back after spending $1,000 on purchases in the first 3 months of account opening, and an additional $100 back after spending an additional $6,500 on purchases in the first 12 months. A long 0% APR introductory promotion and generous welcome offer sweeten the deal for new applicants planning major purchases. Just keep in mind that the redemption options are a bit limited. The flat cash-back rate on everything you buy matches the industry standard, but optimizers might be … Car Rental Insurance: Secondary coverage for damaged or stolen rental cars. Business Solutions. Haven't found the right card yet? American Express Cash Magnet® Card – $150 Welcome Offer pros. Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. My kids have over 20 stamps in their own passports. gives you 2% cash back on everything (1% back when you make a purchase and another 1% when you pay it off). The card offers 3% cash back at U.S. supermarkets on the first $6,000 in purchases each year and 2% cash back at both U.S. gas stations and select U.S. department stores, but only 1% back on all other purchases. And Reward Dollars can’t be used toward your minimum payment due. March 30, 2019 by David Lederer 0 Comments. by Holly D. Johnson. » MORE: American Express credit cards mobile app review. Are you sure you want to rest your choices? On the downside, you can find plenty of cards — even within the AmEx family — that earn higher rates, if you're willing to keep track of tiered rewards or bonus categories. You'll have to keep track of the categories and activate them each quarter to earn the bonus. There’s no minimum spending or maximum rewards. Compare. 2020.12 Update: It seems there’s only $200 offer now. does offer a welcome bonus, among other benefits, and it's a good option for someone seeking simplicity in a rewards credit card. For some, that extra 0.5% in earrings could easily add up to more than a welcome bonus over the course of a year or two. Limited redemption options: Reward Dollars can’t be redeemed as cash back to your bank account. American Express Cash Magnet Review. Please review our list of best credit cards, ... American Express Cash Magnet. The American Express Cash Magnet® Card and the Capital One® Quicksilver® Cash Rewards Credit Card offer the exact same cashback rate and the same welcome offer value. Earn 60,000 75,000 Membership Rewards points. I've visited over 45 countries and lived in Thailand, China, and Ireland (where my son was born). The. American Express recently added a new credit card to their lineup, the American Express Cash Magnet® Card. The American Express Cash Magnet® Card is one of the best cash back credit cards. 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. There’s also a 0% introductory APR for purchases, so you’ll have additional time to pay before the balance begins to take on interest. Pre-qualified offers are not binding. Also, cardholders have to earn at least $25 in Reward Dollars to be able to redeem; other cards have no minimum redemption amount. Balance transfer fee: Either $5 or 3% of the balance total, whichever is greater. by William Charles. Terms Apply. The American Express Cash Magnet Credit Card is a good option for people who are looking for a fixed reward system. If that’s a service you don’t get elsewhere, the lower earnings rate on the Cash Magnet may be a small price to pay. American Express Cash Magnet® Card at a Coffee Shop Swipe Payment | American Express Editor’s note: This post has been updated with the latest credit card information. The annual fee is $0. This site may be compensated through a credit card issuer partnership. American Express Cash Magnet Card: $0: 1.5% cash back on your purchases. My passion lies in showing families how to travel more while keeping their savings and sanity. The Amex Cash Magnet … These are provided as guidelines only and approval is not guaranteed. After the introductory period is up, your standard APR will apply. American Express Cash Magnet Card is one of the most popular cash back credit cards of United States. The American Express Cash Magnet® Card – $150 Welcome Offer is a simple $0 annual fee flat-rate cashback rewards card with good benefits and a welcome bonus that’s relatively easy to earn. For example, the. Each has its own unique rewards on spending and annual fees. Read more. The cash back can only be redeemed as a statement credit. Just keep in mind that there's no shortage of cards on the market offering at least 1.5% back on all purchases — so evaluate your options to find the one that works best for you. But unlike its siblings, it's a simple, flat-rate card: You get 1.5% back on all eligible purchases. The Amex Cash Magnet credit card is a decent cash back credit card. It may not have been reviewed, approved or otherwise endorsed by the credit card issuer. This is just one scoring method and a credit card issuer may use another method when considering your application. You can pay it off every month or in installments. However, this does not influence our evaluations. Foreign transaction fee: 2.7% of each transaction after conversion to US dollars. Which 1.5% cash-back credit card should you choose? The American Express Cash Magnet Card is a good card for a simple cash back option, with no annual fee. Merchant Home; Accept the … The credit card also comes with a convenient intro offer, making it ideal for those who will have large spending on the card within the first 15 months. You’ll earn cash back on every purchase at a flat rate of 1.5 percent back, no matter what you buy. There isn’t a strict mathematical formula at work here. It also has no annual fee and offers secondary car rental insurance (see rates and fees). The … You’ll earn cash back on every purchase at a flat rate of 1.5 percent back, no matter what you buy. The card’s introductory 0% APR period for both purchases and balance transfers for 15 months allows a bit of breathing room while paying down existing debt. cents. You could turn $150 cash back into $300. Many or all of the products featured here are from our partners who compensate us. If you're looking for a credit card to use internationally, better options exist. We believe everyone should be able to make financial decisions with confidence. Bonus is broken down as follows: $150 cash back after $1,000 in spend within the first six months; 10% cash back up to $150 on grocery store purchases for the first six months (you might also see a max of $100, keep trying till you get the $150 maximum. The simplicity of 1.5% cash back for all purchase categories makes it an easy choice for someone who doesn’t want to keep track of rewards categories. The Citi Double Cash also offers no welcome bonus, which could be a turn-off for some. 37 Comments. American Express (AmEx), No Annual Fee. The Discover it® Cash Back has an annual fee of $0, and it offers a unique sign-up bonus: INTRO OFFER: Unlimited Cashback Match – only from Discover. It gives 1.5% cash back on everything, plus $150 as statement credit for spending $1,000 in the first three months. 14 day messages are no longer a-feared in the Moneyklutz household . American Express Cash Magnet® Card. No direct link to offer, shows up via … ShopRunner: A shopping delivery service that helps you receive packages within two days once it ships. With 1.5% back on everything and a 15 months intro APR on purchases, this no-annual-fee rewards card makes it simple to earn more rewards. The second difference is there’s no foreign transaction fees … My guidebook, Disney World Hacks, is a bestseller on Amazon. Many Americans Have Already Received Their $600 Stimulus Payments—Have You? While there are cashback cards that earn higher rates on purchases, they may require you to opt into rotating categories throughout the year and set a limit on the amount you can earn at the higher rewards rate. You must have a minimum of $25 reward dollars to redeem. Business Business. The American Express Cash Magnet® Card is a simple no-annual-fee credit card for those who don’t want to bother with category spending bonuses. Point Value. AmEx Cash Magnet Review: No-Fuss 1.5% Back on Your Purchases. The American Express Cash Magnet® Card isn’t the cash back credit card category’s gold standard. AMEX Green card from American Express offers a great Cash Back an unlimited 1.5% rewards and points on eligible purchases. The offer: 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. Cash Advance: Either $10 or 5% of the amount of each cash advance, whichever is greater. That’s $750 toward travel when you redeem through Chase Ultimate Rewards®. American Express Cash Magnet review Current bonus. However, it doesn’t offer that coveted welcome bonus. That's a decent window of time to finance a big-ticket purchase without interest charges. When evaluating offers, please review the financial institution’s Terms and Conditions. The card's bonus offer for new cardholders is on par with what you'll find with many other cash-back credit cards, although it does come with a higher-than-typical spending threshold. Editorial Note: Forbes may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. With the American Express Cash Magnet Card, you’ll earn $150 back after spending $1,000 on purchases in the first 3 months of account opening, and an additional $100 back after spending an additional $6,500 on purchases in the first 12 months. You can also find cash-back cards that offer 5% bonus rewards on categories that change quarterly. NerdWallet reviews are the result of independent research by our editorial team while cardholder reviews are contributions from independent users not affiliated with NerdWallet. Banks, issuers and credit card companies are not responsible for any content posted on the NerdWallet site, nor do they endorse or guarantee any posted comments or reviews. The Discover it® Cash Back offers yet another kind of rewards system. Min. The American Express Cash Magnet® Card does offer a welcome bonus, among other benefits, and it's a good option for someone seeking simplicity in a rewards credit card. But unlike its siblings, it's a simple, flat-rate card: You get 1.5% back on all eligible purchases. Update 2/2/20: Deal is appearing via incognito mode again. New Offer! Not only will you receive a terrific welcome offer, you can take advantage of all of the great features that this card has to provide. 2020.8 Update: The new offer on this card is like the ons on BCE/BCP: $300 offer: earn $150 after spending $1,000 in the first 3 months, earn 10% back at U.S. supermarkets up to $150 in the first 6 months, that’s $300 in total. 1-833-3JKNOWS (call, text, or fax)My thoughts on the cash magnet card from american express. American Express Cash Magnet $250 Bonus. You can also get $200 statement credit if you spend $1000 in the first 3 months you have the card. 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. Blue Cash Preferred® Card from American Express, Blue Cash Everyday® Card from American Express. The Double Cash Card pays an effective 2% cash back (1% when you buy and 1% when you pay for the purchases) and also has no annual fee. American Express Cash Magnet® Card Credit Card Offer from our Partner. Image Credit: pathdoc via Shutterstock. Terms Apply. American Express is offering a bonus of up to $300 on the Cash Magnet card. If you have heavy spending at supermarkets, gas stations and department stores, you might want to consider the Blue Cash Everyday Card from American Express. Simple rewards structure. I'm a real-life Mom of a two teens in the DC Metro area. 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. will also cost you nothing to carry each year, assuming you don't rack up interest charges. Limited earning potential: While a 1.5% flat rate is a decent return on purchases, you can do better with cards that earn elevated rewards rates in popular spending categories. Discover will automatically match all the cash back you’ve earned at the end of your first year! Business Solutions Home; View All Business Credit Cards; View All Corporate Programs ; View All Payment Solutions; Business Trends and Insights; Funding and Payment Products. That … The cardholder can earn unlimited rewards, but no bonus categories are available. loading. credit level Good. You'll have to keep track of the categories and activate them each quarter to earn the bonus. Also, cardholders have to earn at least $25 in Reward Dollars to be able to redeem; other cards have no minimum redemption amount. American Express Cash Magnet Review June 15, 2018 / Ask Sebby. Hat tip to Econ0mist. Get 25% more value when you redeem for travel through Chase Ultimate Rewards®. American Express Cash Magnet Review Highlights: $150 bonus as statement credit for spending $1,000 in 3 months provides a 15% return. Earn Unlimited 1.5% Cash Back on your purchases with your American Express Cash Magnet® Card. The 70th percentile of wage earners bring in $100,172 annually and we base spending on that number. American Express recently added a new credit card to their lineup, the American Express Cash Magnet® Card. American Express Cash Magnet review Current bonus. Fetching your data... Delta SkyMiles® Gold American Express … Cash Back Rewards Home; United States Change Country. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. That's a decent window of time to finance a big-ticket purchase without interest charges. As a cash back credit card, the Cash Magnet card checks all of our boxes. And while our site doesn’t feature every company or financial product available on the market, we’re proud that the guidance we offer, the information we provide and the tools we create are objective, independent, straightforward — and free. Card-Member-Only Events: Attend events for Amex members only. Purchase protection, extended warranty, return protection. Welcome 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. That said, Cash Magnet is a great fit for no-drama cardholders seeking predictable rates of return on everyday spending. Regular APR 13.99% - 23.99% Variable. 1-833-3JKNOWS (call, text, or fax)My thoughts on the cash magnet card from american express. American Express Cash Magnet. is a relative newcomer to the issuer's family of cash-back products. No Caps, No Categories. One difference between the two is the lower spend requirement to clear the offer with the Capital One® Quicksilver® Cash Rewards Credit Card. This card gives you » MORE: Pay It Plan It: What to know about AmEx's new feature. Editor’s note: This post has been updated with the latest credit card information. American Express Cash Magnet Review NextAdvisor - Samantha Rosen. American Express has three types of cash back credit cards. American Express Cash Magnet® Review: A New Card, But Is It Worth Applying For? American Express Cash Magnet Card Review 2019. I should have just paid cash — reader mistake story. American Express Cash Magnet card review: No annual fee and 1.5% cash back, plus a long introductory 0% APR on purchases that can save you money Holly Johnson 2020-12-02T22:27:14Z How we estimate X. If you’re someone who wants to earn cash back without paying for the privilege, the American Express Cash Magnet is a better choice. Earn 20% back on purchases at Amazon.com on the Card in the first 6 months, up to $200 back. It also has a relatively generous one-time offer and a … This site may be compensated through a credit card issuer partnership. Citi® Double Cash Card – 18 month BT offer, 0% intro APR on Balance Transfers for 18 months, 0% intro APR for 14 months on purchases and balance transfers, Get more smart money moves — straight to your inbox. Emirates Skywards Premium World Elite Mastercard® 2021 Review, Petal 1 “No Annual Fee” Visa Credit Card 2021 Review: Good For Improving Credit, Navy Federal More Rewards American Express Card 2021 Review, Frontier Airlines World Mastercard® Credit Card By Barclays 2020 Review. On top of that, you get access to rental car insurance coverage and members-only events. The American Express Cash Magnet® Card is a relative newcomer to the issuer's family of cash-back products. Pay It Plan It: What to know about AmEx's new feature, for cash-back credit cards, and it's the same rate as that offered by popular cards like the, Capital One Quicksilver Cash Rewards Credit Card. Advertiser Disclosure. Please see our Terms of Use and Posting Guidelines for more information. All financial products, shopping products and services are presented without warranty. You get 1.5% cash back from a card that requires no annual fee and has perks like insurance coverage on purchases. Second Stimulus Check Calculator: How Much Will You Receive? Benefits and perks. AmEx Cash Magnet Credit Card Review. See Rates and Fees. $364: Blue Cash Everyday Card : $0: Earn 3% at U.S. supermarkets (up to $6,000 per year in purchases), 2% at U.S. gas stations & select U.S. department stores, and 1% on other purchases. American Express isn't accepted at as many merchants as Visa or Mastercard, Supersized rewards for those who optimize. This may influence which products we review and write about (and where those products appear on the site), but it in no way affects our recommendations or advice, which are grounded in thousands of hours of research. American Express Cash Magnet card review: No annual fee and 1.5% cash back, plus a long introductory 0% APR on purchases that can save you money Holly Johnson 2020-12-02T22:27:14Z Terms apply. Our opinions are our own. This card comes with a $0 annual fee. American Express Cash Magnet® Card. The best card comparison for the Cash Magnet is the Citi® Double Cash Card. Apply Here: American Express Cash Magnet Card. For example, 60,000 points are worth $750 toward travel. Apply Now. Editorial Note: The content of this article is based on the author’s opinions and recommendations alone. To view rates and fees of the American Express Cash Magnet® Card, please visit this page. If you're not interested in keeping track of rewards tiers or bonus categories and just want an uncomplicated cash-back system, the American Express Cash Magnet® Card fits the bill. Advertiser Disclosure. Some American Express cards offer 0% introductory APRs. There’s no minimum spending or maximum rewards.   Earning Points & Rewards If you find discrepancies with your credit score or information from your credit report, please contact TransUnion® directly. Good 0% intro APR period: The card offers 0% intro APR on Purchases for 15 months, and then the ongoing APR of 13.99% - 23.99% Variable APR. Forbes estimates that $23,889 of a household’s annual expenses come from categories that could reasonably be charged to a credit card. Some of the most notable features of the American Express Cash Magnet® Card include: Earn a $150 statement credit as a welcome bonus after you spend $1,000 with the card within three months of account opening; Earn an unlimited 1.5% cash back on all purchases made; No annual fee This bonus is comparable to what many other cash-back cards offer. What Exactly Can Be Taken From You In A Lawsuit? 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%. There are no bonus categories to … Citi has standard offers like identity theft protection and $0 liability on unauthorized charges, but Amex also offers rental car insurance coverage. Burlington Cards; Amex Cash Magnet Card; Marriot Bonvoy Card; Blue Cash Preferred Card Business Loans; American Express Go; vPayment; FX International Payments; Merchants. You'll earn 5% cash back in rotating quarterly categories on up to $1,500 in purchases each quarter, and 1% back on all other purchases. Do You Need To Claim The Second Stimulus Check? American Express Cash Magnet Welcome Offer . All eligible purchases earn 1.5% cash back for every dollar spent. updated December 31, 2020 by Joe Resendiz. All financial products, shopping products and services are presented without warranty. American Express Cash Magnet Card – $350 Sign Up Bonus (Extra 3.5% Cashback) February 2, 2020, 15:51. American Express Cash Magnet® Card Overview If simplicity is your thing, the Cash Magnet is one of the easiest cards to wrap your head around, with its flat 1.5% cash back earning rate on everything purchased. It's difficult, although not impossible, to find a cash-back card that charges no foreign transaction fees. Users who post a review directly on the NerdWallet site will not be compensated in any way. For some rewards enthusiasts, even a $95 annual fee is way too much. If you want a simple cash back card. It gives you 1.5% cashback as reward dollars on all your purchases on the card. You can see detailed review about the card below and get more information on interest rates and fees… Blue Cash Preferred® Card from American Express (Rates & Fees) So there’s an annual fee, but you should be able to limit the impact that’ll have on your finances by how much you’re earning in rewards. Become a NerdWallet member, and we’ll send you tailored articles we think you’ll love. American Express credit cards mobile app review, offers yet another kind of rewards system. You could also take advantage of the introductory balance transfer APR; just be aware that you'll be charged a balance transfer fee. The bottom line: A solid option for those who prize simplicity in a rewards card. Also comes with a 0% introductory APR for the first 15 months. Interest rate: 0% intro APR on Purchases for 15 months, and then the ongoing APR of 13.99% - 23.99% Variable APR. Prevent identity theft, protect your credit, The difference between term and whole life insurance, How medical conditions affect your life insurance rate. Plan It® gives the option to select purchases of $100 or more to split up into monthly payments with a fixed fee. On the upside, that guarantees you'll earn solid, uncomplicated rewards on everything you buy. Some Related Cards . This no annual fee card comes with an attractive welcome bonus and a flat 1.5% earnings rate on purchases (see rates and fees).However, for some this new card might not stack up against the competition. You earn a flat 1.5 percent back on every dollar you spend. You… Read more. Chanelle Bessette is a personal finance writer at NerdWallet covering banking. securely on the issuer's website. 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%. Potentially limited acceptance internationally. American Express Cash Magnet Card Review: What You Need to Know. As with those cards, the American Express Cash Magnet® Card will also cost you nothing to carry each year, assuming you don't rack up interest charges. With the Amex Cash Magnet card, you’ll earn 1.5% cash-back on every purchase you make. Terms & Restrictions Apply See rates & fees. That’s $1,250 toward travel when redeemed through Chase Ultimate Rewards®, Earn 3 points per $1 on the first $150,000 spent on travel and select business categories each account anniversary year, Earn 1 point per $1 on all other purchases – with no limit to the amount you can earn, Points are worth 25% more when you redeem for travel through Chase Ultimate Rewards, Redeem points for travel, cash back, gift cards and more – your points don’t expire as long as your account is open, Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. The American Express Cash Magnet offers new cardholders $200 cash back if they spend $1,000 on their cards within three months of account opening. If you're looking for a credit card to use internationally, better options exist. No need to worry about rotating categories or enrollment. Cardholders earn 1.5% cash back on purchases. You get more than 1% cash back and the only fees you have come from additional services like balance transfers and cash advances, not from merely using the card. Where Is My Stimulus Check? Terms Apply. American Express Cash Magnet® Card Overview If simplicity is your thing, the Cash Magnet is one of the easiest cards to wrap your head around, with its flat 1.5% cash back earning rate on everything purchased. The Platinum Card® from American Express. When Will I Get It? Travel perks: Cardholders get access to American Express’s roadside assistance hotline, car rental loss and damage insurance, travel accident insurance and global assist hotline. American Express Cash Magnet® Card Learn more at our partner’s secure site Rewards rate: Unlimited 1.5% Cash Back on your purchases. Advertiser Disclosure: ValuePenguin is an advertising-supported comparison service which receives compensation from some of the financial providers whose offers appear on our site. American Express Cash Magnet® Card. 1 The Offer; 2 Card Details; 3 Our Verdict; The Offer. Pre-qualified offers are not binding. The American Express Cash Magnet Card is a good card for a simple cash back option, with no annual fee. Reward Dollars can’t be redeemed as cash back to your bank account. The American Express Cash Magnet Card earns 1.5% cash back on all purchases, with no caps or limits. And if you think a little extra work is worth it in exchange for supercharging your cash-back earnings, you'll likely be better off with a different card. American Express Cash Magnet $250 Bonus. With the American Express Cash Magnet Card, you’ll earn $150 back (as a statement credit) after spending $1,000 on purchases in the first three months of account opening. Minimum payment due decent Cash back as a Cash back rewards card rental insurance: secondary coverage damaged! Payment due standard APR will revert to the issuer 's family of cash-back.! 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A page covering banking travel through Chase Ultimate Rewards® adheres to strict editorial integrity.. Places you like to shop, dine, travel, and then ongoing... Everyday® card from American Express Cash Magnet® card is a personal finance writer at covering. Compensated through a third party provider products, shopping products and services are presented without warranty included things!, and Ireland ( where my son was born ) Cash card is a window. Does that look like in Terms of rewards tiers or bonus categories keep! Magnet® card is a relative newcomer to the card without interest charges of independent research by our formula work! How to travel more while keeping their savings and sanity bonus, which could be turn-off... Identity theft protection and $ 0 intro APR period for purchases post a review directly on the Cash back all... Foreign transaction fees … American Express Cash Magnet card review: what you Need to Know Amex. Party provider you 're looking for a credit card should you choose see rates and fees of the introductory is... About our independent review process and partners in our advertiser Disclosure: ValuePenguin is advertising-supported. Like the American Express Cash Magnet card revert to the American Express Cash Magnet … American Express Cash Magnet Current... Lederer 0 Comments a-feared in the first 15 months up interest charges standard, but it... Percent back, no annual fees, too 've visited over 45 countries and lived in,! Keep to and no annual fee of $ 25 or more mathematical formula at here! In showing families how to travel more while keeping their savings and sanity, that guarantees you be! Yet another kind of rewards system for damaged or stolen rental cars ; our... Advertiser Disclosure: ValuePenguin is an advertising-supported comparison service which receives compensation from of. The NerdWallet site were purchased through a credit card category ’ s only $ 200 offer now be. Purchase ’ s gold standard Cash rewards card partners who compensate us new credit information... Wage earners bring in $ 100,172 annually and we ’ ll send you tailored articles we think ’. To this card delivers the Citi® Double Cash also offers rental car insurance coverage to. Some of the balance total, whichever is greater determine both baseline income and spending averages various! Card gives you 1.5 % back on all your purchases on your net purchases, Supersized for! Offers yet another kind of rewards earned per year unlimited rewards, but optimizers might be able to find cash-back! 30, 2019 by David Lederer 0 Comments to travel more while keeping their savings sanity! Each transaction after conversion to us Dollars benefits, and it's a good option those. Period for purchases ; 3 our Verdict ; the offer with the membership to this card and there are amount..., dine, travel, and more, uncomplicated rewards on spending annual! The Citi® Double Cash also offers no welcome bonus Know about Amex 's new.. Your credit report, please contact TransUnion® directly cardholder can earn unlimited rewards, but Amex offers! A minimum of $ 25 or more to split up into monthly payments with a %. Period is over be able to make financial decisions with confidence various bonuses which comes with the Capital Quicksilver®... A real-life Mom of a statement credit transaction fees present other ways to redeem rewards such as cards! Than what you Need to worry about rotating categories or enrollment back to your bank.... Offers a great Cash back to your bank account helps you receive are available we ll! More: which 1.5 % rewards and points on eligible purchases third party provider receives compensation from some the. Fees … American Express Cash Magnet® card is one of the American Express lineup is the Citi® Double also... Back on all purchases, with no annual fee and has perks like coverage. One scoring method and a welcome bonus options from American Express Cash Magnet® card, you will be issued the. Be redeemed as Cash back on your new card within the first 3 from. Card category ’ s site the author ’ s $ 750 toward when. T offer that coveted welcome bonus s alone and have not been provided, or... Which comes with a 0 % intro APR period for purchases a bestseller on....
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