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Read on and find out how to get a flat 1.5% cash back reward with the American Express Cash Magnet.

American Express Cash Magnet – $200 welcome bonus, 15-month 0% APR and 1.5% cash back on all purchases.


The American Express Cash Magnet offers you a flat 1.5% cash back rewards on all purchases. This is excellent for those who do not like keeping track of bonus categories and want a simple way for earning rewards. The card also comes with a long 0% intro APR of 15 months, and you will earn a $200 cash bonus once you spend just $2,000 within the first 3 months since opening the account.

Have a look at some of the benefits of acquiring your American Express Cash Magnet credit card.

Non-expiring rewards
Flexible payment options
Does not require enrolling and keeping track of categories
Does not have cash-back cap

You can use your American Express Cash Magnet credit card to pay for rental cars. This will allow you to decline the collision damage waiver at the rental company counter. Your card will cover damage to or theft of your rental vehicle in territories that are covered. However, not all vehicles and rental types get coverage. For example, Australia, Italy, and New Zealand are territories where your American Express Cash Magnet card does not offer insurance. However, with this card you get access to the Global Assist Hotline for 24/7 emergency assistance and coordination services if you travel over 100 miles from home. This coverage includes medical and legal referrals, missing luggage assistance, and emergency cash wires. Other terms and conditions may apply.

The American Express Cash Magnet credit card allows for balance transfers within the first 60 days from account opening. Through the Amex App you can also split purchases and send money with friends or family who use Venmo or Paypal (terms apply). The card also offers fraud protection against unauthorized charges with no deductible. You can also get up-to-date information about your reward earning, spending, etc., and have access to a year-end summary online.

If the American Express Cash Magnet sounds interesting to you, you should check out our guide to this card’s application. Click the link, and we will show you how to do it.

american express cash magnet

How to get an American Express Cash Magnet?

In this American Express Cash Magnet application guide you will learn, step by step, how to apply for this card to start earning cash back.

If you are looking for a more substantial cash-back reward, here is another offer. The Capital One Walmart Rewards offers  5% cash back on Walmart online purchases, plus at Walmart physical stores for the first 12 months. Click the link, and we will tell you all about it.

Capital One Walmart Rewards®

Capital One Walmart Rewards® application

With the Capital One Walmart Rewards® credit card you get up to 5% cash back at Walmart, 2% cash back at restaurants, travel and more.

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