What is the Amex Cash Magnet APR?

The American Express Cash Magnet APR is 13.99% - 23.99% (V). The exact rate that the cardholder gets within that range will depend primarily on their credit standing and income. The better their credit score is and the more money they make, the more likely they are to get an APR at the low end of the range. The Cash Magnet Card also has an introductory APR of 0% for 15 months on purchases.

There is no American Express Cash Magnet APR for balance transfers because balance transfers are not allowed on the card. But the APR for taking out a cash advance is 25.24% (V). In addition, there’s a high penalty APR for late payments that’s above the card’s maximum regular APR.

To avoid the American Express Cash Magnet APR, pay off all purchases in full and on time every month, and don’t take out cash advances.