American Express Cash Magnet™ Card

American Express Cash Magnet™ Card
Card details Earn up to $250 back. Here’s how: Earn a $150 statement credit after you spend $1,000 or more in purchases with your new Card within the first 3 months of Card Membership. Plus, earn an additional $100 statement credit after you spend an additional $6,500 in purchases within your first 12 months. Cash Back is received in the form of...

Card details

  • Earn up to $250 back. Here’s how: Earn a $150 statement credit after you spend $1,000 or more in purchases with your new Card within the first 3 months of Card Membership.

  • Plus, earn an additional $100 statement credit after you spend an additional $6,500 in purchases within your first 12 months.

  • Cash Back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.

  • Low intro APR: 0% for 15 months on purchases and balance transfers, then a variable rate, currently 14.74% to 25.74%.

  • With Plan It℠, you can set up a monthly payment plan for large purchases with a fixed monthly fee and no interest charges, all with the same rewards and protections you expect from American Express.

  • Over 1.5 million more places in the U.S. started accepting American Express® Cards in 2017.

Rates, fees & offers

  • Earn up to $250 back. Earn a $150 statement credit after you spend $1,000 or more in purchases with your new Card within the first 3 months of Card Membership. Plus, earn an additional $100 statement credit after you spend an additional $6,500 in purchases within your first 12 months. Terms Apply.

  • APR: 14.74% - 25.74% Variable APR

    Penalty APR: 29.99%, Variable

    Cash Advance APR: 26.99%, Variable

  • Either $5 or 3% of the amount of each transfer, whichever is greater.

  • 2.7% of each transaction after conversion to US dollars.

Recommended credit score

Source: www.nerdwallet.com