American Express Cash Magnet® Card Review

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American Express Cash Magnet® Card Review

U.P. Rating ? The rating for this card has been determined by our own industry experts who know the in's and out's of credit card products. Bonuses, rewards as well as rates and fees are all taken into account. Compensation from the issuer does not affect our rating. We only recommend products we either use ourselves or endorse.

"Unlimited 1.5% Cash Back"

Earn consistent Cash Back with no caps or changing categories to track.

The information for the American Express Cash Magnet® Card Review has been collected independently by Upgraded Points. The card details on this page have not been reviewed or provided by the card issuer.

Card Snapshot

  • Welcome Bonus & Info (Partner Content)
    • Card Offer Being Updated
  • Customer Service Number
    1-800-528-4800
  • Login Link
  • Typical Users
    Parents / Families, The Average Spender

Card Fees

  • Annual Fee
    • $0
  • Foreign Transaction Fees
    2.7% of each transaction after conversion to US dollars.
  • Interest Rates
    • 0% on purchases for 15 months
    • Ongoing APR: 15.24%-26.24% Variable
  • Late fees
    • 29.99% Variable
    • Fee: Up to $39
  • Balance Transfers
    • 0% on balance transfers for 15 months
    • Ongoing APR: 15.24%-26.24% Variable
    • Fee: Either $5 or 3% of the amount of each transfer, whichever is greater.
  • Cash Advance APR
    • 27.49% Variable
    • Fee: Either $10 or 5% of the amount of each cash advance, whichever is greater.
  • Additional Info
Alex Miller

About Alex Miller

Alex has been traveling for over 25 years and from a young age was lucky enough to set out on numerous family trips all over the world, which gave him the travel bug. Alex has since earned millions of travel points and miles, mainly through maximizing credit card sign-up bonuses and taking every opportunity to earn the most points possible on each dollar spent.

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Chase Sapphire Preferred® Card

Bonus Valuation*: $1,150+

Why We Like It: This card is our #1 recommended rewards card (especially for those getting into points and miles) because it’s easy to earn points, they’re extremely valuable and the bonus is worth $1,150 in our valuations!

*Our bonus valuation is calculated internally by experts at Upgraded Points, not the card issuer. See our latest valuations here.

  • Earn 60,000 bonus points after you spend $4,000 on purchases in the first 3 months from account opening. That's $750 toward travel when you redeem through Chase Ultimate Rewards®
  • 2X points on travel and dining at restaurants worldwide & 1 point per dollar spent on all other purchases.
  • No foreign transaction fees

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