American Express Cash Magnet


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American Express Cash Magnet

Welcome Offer

Earn $150 after you spend $1,000 in the first 3 months 0f account opening. (Terms apply)

Intro 0% APR for 15 months on purchases and balance transfers

Balance Transfer Terms

  • Balance transfer fee: 3% or $5- whichever is greater
  • You cannot transfer balances from other credit cards issued by American Express
  • To receive the intro APR offer, transfers must be completed within the first 60 days after account opening.
  • Beware:  If you make a late payment or a payment is returned then a penalty APR may apply and you may lose the Intro APR offer.

Annual Fee

$0

Application Tips

  • Fair credit is ok.
  • You can only get approved for two Amex cards in 90 days. Amex also has a rule that one customer can’t have more than 5 Amex credit cards (excluding charge cards.) Therefore, if you already have 5 open Amex credit cards you may be declined (this is not always enforced).
  • Amex usually pulls your Experian credit report.
  • If declined you can call 1-800-567-1083 to be reconsidered.

Card Details And Benefits

  • Earn 1.5% cash back per $1 spent on grocery’s
  • 0 % APR on purchases and balance transfers for the first 15 months after account opening
  • Car Rental Collision Damage Waiver
  • Purchase Protection
  • Global Assist Hotline

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The editorial content on this page is not provided by any of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are the author’s alone.

Help Me Build Credit has partnered with CardRatings for our coverage of credit card products. Help Me Build Credit and CardRatings may receive a commission from card issuers.