American Express Cash Magnet
in Personal Credit Cards from American Express National Bank
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Would you recommend American Express Cash Magnet to your friends?
| Annual Fee | $0 |
| Purchase APR (Variable APR) | 15.24% - 26.24% |
| Balance Transfer APR (Variable APR) | 0% - 26.24% |
| Credit Score Range | 700 - 850 |
American Express Cash Magnet Review
If you're wondering whether American Express Cash Magnet is the right card for you, read on. This is everything you need to know to make a good choice.Is there a American Express Cash Magnet cash back or rewards program?
American Express Cash Magnet is a cashback card. This means you earn a percentage of your purchase as a cash reward.
| Rewards rate (all purchases) | N/A |
| Max rewards rate | N/A |
| Annual rewards limit | N/A |
| Signup Bonus ($) | $200 |
| Signup Bonus Spend Requirement | $1000 |
What are the American Express Cash Magnet benefits?
American Express Cash Magnet provides the following benefits:
- Auto Rental Collision Damage Waiver
- Emergency Support
- Extended Warranty Protection
- Fraud Liability
- Travel Accident Insurance
- Cellular Telephone Protection
- Travel Assistance
- Reports to major credit bureaus
What are the relevant APRs for American Express Cash Magnet?
American Express Cash Magnet is a charge card and therefore doesn't have interest charges. You must pay your balance in full every month.What are the American Express Cash Magnet fees?
The following fees apply to American Express Cash Magnet:
| Fees | Amount |
|---|---|
| Annual Fee | $0 |
| Overlimit Fee | $0 |
| Foreign Transaction Fee | 2.7% |
| Balance Transfer Fee | 3% |
| Minimum Balance Transfer Fee | $5 |
| Returned Payment Fee | up to $38 |
| Late Payment Fee | up to $38 |
Does American Express Cash Magnet have a foreign transaction fee?
American Express Cash Magnet 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 a foreign transaction fee.Does American Express Cash Magnet report your account activity to credit bureaus?
American Express Cash Magnet 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 can help improve your credit score.
How to apply for American Express Cash Magnet
- Visit the American Express National Bank website.
- Fill in the application form. You will typically need to provide general financial information, such as your Social Security Number, address, annual income, and source of employment.
- Check the information is accurate and submit your application.
- If you're denied click here to find out why your application may have been rejected and what you can do about it.
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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Contact
- Headquarters
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World Financial Center
200 Vesey Street
New York, NY 10285 USA - Visit Site
Other Services by American Express National Bank
View all personal credit cards offered by American Express National Bank
Availability
Available in 50 states and Washington, D.C.
- Alabama
- Alaska
- Arizona
- Arkansas
- California
- Colorado
- Connecticut
- Delaware
- Washington, DC
- 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
- West Virginia
- Wisconsin
- Wyoming
Feature Breakdown
| No Interest Grace Period for Late Payment | 25 |
| Over-Limit Fee | $0 |
| Annual Fee | $0 |
| No Annual Fee | |
| Returned Payment Fee | Up to $38 |
| Late Fee Amount | Up to $38 |
| Balance Transfer Fee % | 3% |
| Balance Transfer Fee Minimum | $5 |
| Minimum Cash Advance Fee ($) | Starting at $5 |
| Cash Advance Fee (%) | Starting at 3% |
| Cash Advance Fee Minimum | $5 |
| Foreign Currency Transaction Fee | 2.7% |
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Balance Transfer APR
17.24% - 26.24%
(Variable APR)
Credit Score Range
700 - 850
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17.99% - 26.99%
(Variable APR)
Balance Transfer APR
17.99% - 26.99%
(Variable APR)
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750 - 850
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$0
Purchase APR
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(Variable APR)
Balance Transfer APR
17.74% - 26.74%
(Variable APR)
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650 - 850
Annual Fee
$95
Purchase APR
17.99% - 26.99%
(Variable APR)
Balance Transfer APR
17.99% - 26.99%
(Variable APR)
Credit Score Range
690 - 850
Annual Fee
$95
Purchase APR
14.49% - 25.49%
(Variable APR)
Balance Transfer APR
14.49% - 25.49%
(Variable APR)
Credit Score Range
700 - 850
Annual Fee
$95
Purchase APR
17.74% - 26.74%
(Variable APR)
Balance Transfer APR
17.74% - 26.74%
(Variable APR)
Credit Score Range
700 - 850
Annual Fee
$450
Purchase APR
17.24% - 26.24%
(Variable APR)
Balance Transfer APR
17.24% - 26.24%
(Variable APR)
Credit Score Range
700 - 850
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Balance Transfer APR
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