- Welcome Bonus & Info (Partner Content)
- 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
- Customer Service Number1-800-528-4800
- Login Link
- Related Articles
- Typical UsersParents / Families, The Average Spender
- Annual Fee
- Foreign Transaction Fees2.7% of each transaction after conversion to US dollars.
- Interest Rates
- 0% on purchases for 15 months, from account opening
- Ongoing APR: 13.99%-23.99% Variable
- Late fees
- Penalty APR: 29.24% Variable
- Fee: Up to $40
- Cash Advance APR
- 25.24% Variable
- Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater.
- Additional Info
Frequently asked questions
What is the annual fee on the American Express Cash Magnet card?
The American Express Cash Magnet card does not charge an annual fee.