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- American Express Cash Magnet® Card – $150 Welcome Offer
American Express Cash Magnet® Card – $150 Welcome Offer Review
By Thomas Donaldson
The American Express Cash Magnet® Card – $150 Welcome Offer is an easy-to-manage cash back credit card with no annual fee. In addition to unlimited cash back, it also offers 0% Intro APR plus other benefits like Plan It® & AMEX Offers.
Current Offer- Earn a $150 statement credit after you spend $1,000 or more in purchases with your new Card within the first 3 months
- Unlimited 1.5% Cash Back on your purchases
- Easily redeem cash back for statement credits, gift cards, and merchandise
- $0
- Good, Excellent
AMEX
Product Details
- Click "APPLY NOW" to apply online
- 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.
- 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.
- Click "APPLY NOW" to apply online
- 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.
- 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.
Top Rated For
Our Expert Review
Why We Like It
Offer Rating
4.5/ 5
By Our Editorial Team
EditorEnjoy extra flexibility while earning cash back with the American Express Cash Magnet® Card – $150 Welcome Offer. This card comes with unlimited 1.5% Cash Back on your purchases so you never have to worry about special bonus categories or annoying caps on how much you can earn. Whether your spending money on groceries, online shopping, or just paying everyday bills, you'll earn the same generous rewards rate.
As a welcome offer for new cardholder you can earn a $150 statement credit after you spend $1,000 or more in purchases with your new Card within the first 3 months. Cardholders will also enjoy a lengthy introductory APR: 0% on purchases for 15 months.
After the intro period is up, the ongoing APR will be 13.99%-23.99% Variable depending on your creditworthiness. That intro period can be really helpful if you need to make a big purchase and want to spread the payments out over time interest free. To top it off the American Express Cash Magnet® Card – $150 Welcome Offer comes with no annual fee.
Pros & Cons
Pros
- Simply your cash back with Rewards Rate
- Enjoy $150 statement credit after you spend $1,000 or more in purchases with your new Card within the first 3 months
- Lengthy intro APR on purchases
Cons
- No intro APR on balance transfers
- There is a foreign transaction fee of 2.7% of each transaction after conversion to US dollars
