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The American Express Cash Magnet® card is a great credit card option for those who value earning cash-back on every purchase that they make. It’s a no-fuss card that is incredibly easy to use and lets you redeem your cash-back as a statement credit each and every month.
Of course, if you’re interested in the Amex Cash Magnet card, you’re going to want to try to get the best bonus possible when you apply, so here are a few ways to help you do just that!
First, it’s worth examining all of the benefits that the Amex Cash Magnet card has to offer, to see if the card would be a good fit for you. Here are some of the highlights of the card.
Terms Apply / Rates & FeesEarn consistent 1.5% cash-back on all purchases, with no caps or changing categories to track, and with no annual fee.
The information regarding the American Express Cash Magnet® Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
Those who are looking for a simple and straightforward cash-back credit card will love the American Express Cash Magnet® Card. With no annual fee to worry about and no bonus categories to fuss over, you can have the peace of mind knowing that you’re earning cash-back rewards on every purchase — without needing to pay anything out of pocket.
If you’re hoping to get a higher bonus than the standard offer, luckily, there are a few options that can help you track 1 down.
Targeted offers are discussed in the article below. Please note that these offers are not available to all applicants. Any information related to targeted offers has been collected independently and has not been reviewed or provided by the card issuer.
American Express will periodically run increased welcome offer promotions on its cards and, when it does so, this can make for a perfect time to apply for a new card you’ve been wanting.
However, there usually is no way to know for sure when then next bonus offer will take place, so it could leave you waiting for a while.
Targeted mailings are a great way to find out about increased bonus offer opportunities for virtually no work from you. All you have to do is head to the communications preferences in your American Express account and enable communication via mail and email.
Then, anytime you’re targeted for a special offer on an American Express card, Amex will contact you directly via mail or email. Keep in mind that American Express can only contact you if you opt-in first.
American Express pre-qualified offers will occasionally offer an increased welcome offer as well. Conveniently, American Express makes it very easy to check for these offers.
All you need to do is visit the American Express website, click Cards, then click Check for Pre-Qualified Credit Card Offers. This will allow you to see all the cards you have pre-qualified offers for across the entire suite of American Express personal cards.
If the current public offer from American Express is not an increased offer, then you’ll need to put in a big of leg work to find a better offer. In this case, you could check CardMatch, wait until you receive a targeted offer, or wait for American Express to bring back a higher welcome offer.
American Express limits customers to a maximum of 5 credit cards, not including charge cards, at any given time. So if you already have 5 credit cards with American Express, you’ll likely need to close a card before you can get approved for a new Amex card.
If your credit score is not high enough to get approved for the Amex Cash Magnet card, then it makes no difference how large of a bonus offer you’re able to find. Focus on improving your credit score first by paying down any current credit card debt you might have and making sure to pay your credit card statements on time and in full each and every month.
If you don’t take it upon yourself to opt-in to marketing offers from American Express, then you are not going to receive any and could be missing out on targeted offers. If you want to make sure you receive these targeted offers, then you need to opt-in!
The Amex Cash Magnet card is an excellent option for a cash-back credit card. If you’re looking for a card with no annual fee, an uncomplicated bonus structure, and no limits on the amount of cash-back you can earn, you’ll definitely want to consider the Amex Cash Magnet card.
If you do decide that the Amex Cash Magnet card is right for you, make sure you follow the steps in this guide so that you can get the best welcome offer possible!
The information regarding the American Express Cash Magnet® Card was independently collected by Upgraded Points and not provided nor reviewed by the issuer.
No, the Amex Cash Magnet card does not charge an annual fee.
If you’re looking for a credit card that earns unlimited cash-back with a simple earning structure and no annual fee, then yes the Amex Cash Magnet is a great card.
No, there is no limit to the amount of cash-back you can earn with the Amex Cash Magnet card.
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Boasting a portfolio of over 20 cards, Jarrod has been an expert in the points and miles space for over 6 years. He earns and redeems over 1 million points per year and his work has been featured in outlets like The New York Times.
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