Amex Cash Magnet Card does not have transfer partners, unlike many other popular credit cards. Amex Cash Magnet Card rewards are redeemable only for a statement credit and cannot be transferred to another loyalty program.
The American Express Cash Magnet® Card credit score requirement is 700 or better. That means people with good credit or better have a shot at getting approved for the Amex Cash Magnet Card Card.
You should note that while your credit score is an important factor, there are plenty of other things that will impact your chances of being approved for the Amex Cash Magnet Card Card, too. Some other key criteria include your income, existing debt load, number of open accounts, recent credit inquiries, employment status and housing status.… read full answer
If you excel in other areas, you might be able to get approved with a slightly lower credit score in some cases. But it’s best to wait to apply until you meet the Amex Cash Magnet Card credit score requirement. You can check your credit score for free on WalletHub.
No, Amex Cash Magnet is not a metal card. It’s available only as a traditional plastic credit card. Amex currently offers a number of metal cards. Those include the Platinum Card, Gold Card and the invitation-only Centurion “Black” Card. There’s also the Business Gold Card, Business Platinum Card and the co-branded Marriott Bonvoy Brilliant hotel card, among others. Wells Fargo issues the metal Propel card, which is also on the American Express credit card network.… read full answer
It’s good to note that metal credit cards are usually relatively expensive luxury rewards cards, compared to the Cash Magnet Card, which has a $0 annual fee and offers 1.5% cash back on all purchases. Amex Cash Magnet is a great cash back credit card option, even if it’s not as flashy looking as a metal card.
The Amex Cash Magnet Card annual fee is $0 per year. Amex Cash Magnet Card’s $0 annual fee is equal to the average annual fee among new credit card offers right now. It’s not the only fee you need to worry about with the American Express Cash Magnet® Card, though.
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