
American Express® National Bank Cash Magnet® Credit Card
Would you recommend American Express® National Bank Cash Magnet® Credit Card to your friends?
Community Rating |
Rating not yet determined |
Purchase APR (Variable APR) |
16.99% - 26.99% (Verified 08/04/2023) |
Balance Transfer APR (Variable APR) |
16.99% - 27.99% (Verified 08/04/2023) |
Credit Score Range | 700 - 850 |
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 up to 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.
- Competitive APRs. American Express® National Bank Cash Magnet® Credit Card has a variable purchase APR that ranges from 16.99% up to 26.99%.
- 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 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.
- Good or better credit required. You will have low approval odds if your credit score is below 700.
Pros & Cons of American Express® National Bank Cash Magnet® Credit Card
The Good | The Bad |
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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. You will receive 1.5% cash back on travel, dining, groceries, drugstore purchases, or any other purchase. For example, if you buy a $1,000 laptop, you will receive $15 back in cash.
What are the American Express® National Bank Cash Magnet® Credit Card benefits?
It provides the following benefits:
- 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?
The following fees apply:
- There is no overlimit fee
Description | |
---|---|
Cash Advance Fee Minimum | $10 |
Cash Advance Fee (%) | 5% |
Minimum Cash Advance Fee ($) | Starting at $10 |
Foreign Currency Transaction Fee | 2.7% |
No Annual Fee? | |
Annual Fee | $0 |
Over-Limit Fee | $0 |
No Interest Grace Period for Late Payment | 25 days |
Returned Payment Fee | Up to $40 |
Late Fee Amount | Up to $40 |
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 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 American Express® National Bank Cash Magnet® Credit Card customer service number 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 American Express® National Bank Cash Magnet® Credit Card login page?
You can access the American Express® National Bank Cash Magnet® Credit Card login page 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 your account activity to the following credit reporting agencies:
- 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 improve your credit.
How to apply for American Express® National Bank Cash Magnet® Credit Card
- Visit the American Express® National Bank Cash Magnet® Credit Card website.
- 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.
Contact
- Headquarters
-
World Financial Center
200 Vesey Street
New York, NY 10285 USA - (800) 528-4800
- Visit Site
- Email Support
Other Services by American Express National Bank
Other Credit Cards by American Express National Bank
Availability
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Florida
- Georgia
- Hawaii
- Idaho
- Illinois
- Indiana
- Iowa
- Kansas
- Kentucky
- Louisiana
- Maine
- Maryland
- Massachusetts
- Michigan
- Minnesota
- Mississippi
- Missouri
- Montana
- Nebraska
- Nevada
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Vermont
- Virginia
- Washington
- Washington, DC
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
Introductory Rate | 0% |
Purchase Intro APR Period (Variable APR) | 15 months |
American Express® National Bank Cash Magnet® Credit Card Community Reviews
Would you recommend American Express® National Bank Cash Magnet® Credit Card to your friends?
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