#Amex cash magnet how to

This makes it a solid beginner card for those who are newer to earning rewards, like students or those that are graduating from a secured card. It’s aimed at consumers that have at least “good” credit, so a credit score of 670 and higher will help your chances of approval. The Amex Cash Magnet is a satisfactory option for those who value simplicity above all else. Who is this card for? (Photo by Getty Images) New to The Points Guy? Want to learn more about credit card points and miles? Sign up for our daily newsletter. Let’s take a closer look at the Amex Cash Magnet.

However, this isn’t the most lucrative cash-back card, so it might pay to look at what other options are out there. The card details on this page have not been reviewed or provided by the card issuer. The information for the Amex Cash Magnet Card has been collected independently by The Points Guy. If you want a one-card wallet where you don’t have to think too hard about the card you’re using, the Cash Magnet can make a lot of sense. That’s the case for many cash-back cards, including the American Express Cash Magnet® Card. Spend money on anything under the sun and see the bonuses roll on in. It’s great when credit card rewards come easily. Card Rating*: ⭐⭐⭐ *Card Rating is based on the opinion of TPG’s editors and is not influenced by the card issuer. However, compared to other cards, there are better options for truly maximize your spending.

#Amex cash magnet how to

There are no bonus categories to remember or points to figure out how to redeem. If simplicity is your thing, the Cash Magnet is one of the easiest cards to wrap your head around, with its flat 1.5% cash back earning rate on everything purchased. Editor’s note: This post has been updated with the latest credit card information.Īmerican Express Cash Magnet® Card Overview