Cash Magnet

Cardholders have access to Amex Offers, a rotating set of targeted statement credit and bonus reward deals at specific merchants, available through the Amex app or online account.

The Cash Magnet card carries no annual fee, making it a no-cost card to hold year over year.

Through the Amex mobile app, cardholders can quickly pay off small purchases under $100 immediately (Pay It) or split larger purchases into installments (Plan It), helping with budget management.

Network-wide rotating statement-credit and bonus offers from travel, dining and retail partners.

24/7 emergency coordination for medical, legal, financial or travel help when 100+ miles from home.

The card may extend the original manufacturer's warranty by up to one additional year on eligible purchases with warranties of five years or less.

Cardholders can split eligible purchases of $100 or more into fixed monthly installments with a fixed monthly fee instead of accruing interest, helping manage larger purchases over time.

Eligible purchases made with the card may be covered against accidental damage or theft for a limited period after the date of purchase, up to a per-claim and per-year maximum.

If a merchant refuses to accept a return within 90 days of purchase, Amex may refund the purchase price up to a per-item and annual maximum when the item was charged to the card.

New cardholders may receive a statement credit after meeting a minimum spending threshold within the first few months of account opening. This is a one-time introductory benefit.

The card has historically offered a 0% introductory APR on purchases for a promotional period (typically around 15 months), after which a variable APR applies. This provides an interest-deferral benefit for new…

No Annual Fee