Last Updated: 07/28/2025
American Express® National Bank Cash Magnet® Credit Card
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Last Updated: 07/28/2025
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Highlights
Purchase APR (Variable APR)
19.24% - 29.99%(Verified 08/07/2024)
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Balance Transfer APR (Variable APR)
19.24% - 29.99%(Verified 08/07/2024)
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Credit Score Range
N/A
Annual Fee
$0
American Express® National Bank Cash Magnet® Credit Card Review
If you're wondering whether American Express® National Bank Cash Magnet® Credit Card is the right card for you, read on.
Key Takeaways
- 0% APR on new purchases. New cardholders receive an introductory 0% APR rate on new purchases for 15 months.
- Earn a $200 statement credit after you spend $2,000 or more on eligible purchases on your Card within your first 6 months of Card Membership starting from the date your account is approved.
- APR: This is not a great card for people who carry a balance. It has a variable regular purchase APR that ranges from 19.24% up to 29.99%.
- No annual fee. This is a great option for people looking for a low-maintenance cashback card. It gives you cashback on your eligible purchases, but you don't have to pay an annual fee for the privilege.
- Charges foreign transaction fees. Avoid using this card when traveling abroad because it charges a commission of up to 2.7% every time you make a transaction outside the U.S.
- Multiple credit card benefits. Includes generous credit card perks, such as Auto Rental Collision Damage Waiver, emergency support, identity theft protection, travel assistance, and fraud protection.
Pros & Cons of American Express® National Bank Cash Magnet® Credit Card
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American Express® National Bank Cash Magnet® Credit Card FAQ
Does American Express® National Bank Cash Magnet® Credit Card have a cash back or rewards program?
No, it does not offer a rewards program. This is a cashback card. This means you earn a percentage of your purchases as cash back rewards.
| Description |
- Auto Rental Collision Damage Waiver
- Emergency Support
- Zero fraud liability
- Travel Assistance
- Reports to major credit bureaus
What are the relevant APRs for American Express® National Bank Cash Magnet® Credit Card?
This is a charge card and therefore doesn't have a regular APR or interest charges. You must pay your balance in full every month.What are the fees for American Express® National Bank Cash Magnet® Credit Card?
| Description | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Returned Payment Fee | Up to $40 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Foreign Currency Transaction Fee | Starting at 2.7% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Annual Fee | $0 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Late Fee Amount | Up to $40 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minimum Cash Advance Fee ($) | $10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash Advance Fee (%) | 5% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
This card does not charge an annual fee, which makes it a smart choice for consumers looking for a low-cost cashback card.
Does American Express® National Bank Cash Magnet® Credit Card have a foreign transaction fee?
American Express® National Bank Cash Magnet® Credit Card charges a foreign transaction fee of up to 2.7%. For example, if you spend $2,000 on a week vacation abroad you would pay a foreign transaction fee of $54. If you travel abroad you may want to leave this card at home and apply for one that doesn't charge foreign transaction fees.What is the customer service phone number for American Express® National Bank Cash Magnet® Credit Card?
The customer service number for American Express® National Bank Cash Magnet® Credit Card is (800) 528-4800.
What is the support contact email for American Express® National Bank Cash Magnet® Credit Card?
The support contact email for American Express® National Bank Cash Magnet® Credit Card is info@americanexpress.com.
What is the login page for American Express® National Bank Cash Magnet® Credit Card?
You can access the login page of American Express® National Bank Cash Magnet® Credit Card here.
How do people rate the customer service and user experience of American Express® National Bank Cash Magnet® Credit Card?
We currently don't have sufficient reviews to provide a reliable SuperMoney community rating for this product.
Does American Express® National Bank Cash Magnet® Credit Card report your account activity to credit bureaus?
Yes, American Express® National Bank Cash Magnet® Credit Card reports to the following credit bureaus:
- Equifax
- Experian
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does American Express® National Bank perform a hard credit pull?
Yes, American Express® National Bank Cash Magnet® Credit Card performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
How to apply for American Express® National Bank Cash Magnet® Credit Card
- Visit the website of American Express® National Bank Cash Magnet® Credit Card.
- Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, and annual income.
- Check the information is accurate and submit your application.
If your credit score is preventing you from qualifying for this credit card, check out our guide for the best credit cards for bad credit.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
Hours of Operation
Sunday
7:00AM - 12:00AM
Monday
7:00AM - 12:00AM
Tuesday
7:00AM - 12:00AM
Wednesday
7:00AM - 12:00AM
Thursday
7:00AM - 12:00AM
Friday
7:00AM - 12:00AM
Saturday
7:00AM - 12:00AM