Maria Adams, Credit Cards Moderator
To earn the Amex Cash Magnet Card welcome bonus, new cardholders must spend $2,000 within the first 6 months of opening an account. The Amex Cash Magnet Card bonus is $200 as a statement credit.
Keep in mind, however, that you will not be eligible for this introductory bonus offer if you currently have the Amex Cash Magnet Card, regardless of whether you previously earned the bonus. You also may not be eligible if you recently earned the bonus.
In addition to the welcome bonus offer, the Amex Cash Magnet Card offers 1.5% cash back on purchases. Its annual fee is $0, and you need good credit to get approved for the card.
All information about the American Express Cash Magnet® Card has been collected independently by WalletHub. The American Express Cash Magnet® Card is no longer available to new applicants through WalletHub, but may be available on the American Express website.
American Express Cash Magnet® Card
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