Amex Cash Magnet
- Annual fee
- None
- Earns
- Points
Welcome offer
Amex no longer takes new applications for this card, so there's no welcome offer. Existing cardholders keep its earning and benefits.
Earning rates
| Category | Earns | Return |
|---|---|---|
| Travel | 1.5x | 1.5% |
| Dining | 1.5x | 1.5% |
| Groceries | 1.5x | 1.5% |
| Gas | 1.5x | 1.5% |
| Everything else | 1.5x | 1.5% |
Return is what each $1 of spend is worth with points valued at 1 CPP.
Application rules
Counts toward 5/24
Opening it takes one of your Chase 5/24 slots.
Once-per-lifetime bonus
Amex usually gives this card's welcome bonus only once per person.
Closed to new applicants
Amex no longer takes new applications for the Cash Magnet card. If you already have it, you can keep it.
Amex credit card limit
Amex usually lets you hold up to five of its credit cards at once, personal and business combined. Cards with no preset spending limit don't count toward that limit.
About the Amex Cash Magnet
The Amex Cash Magnet is a personal American Express card from Amex with no annual fee that earns points. Amex no longer takes new applications for it, but existing cardholders keep it.
Frequently asked questions
What is the Amex Cash Magnet annual fee?
The Amex Cash Magnet has no annual fee.
Does the Amex Cash Magnet include airport lounge access?
No, the Amex Cash Magnet doesn't include airport lounge access.
Does the Amex Cash Magnet count toward Chase 5/24?
Opening it counts as one of your 5/24 slots.
Similar cards
Offers, fees and benefits change often. Check the issuer's site before you apply.