Reviews

American Express Cash Magnet® card: check out how to apply!

Apply for the American Express Cash Magnet® card to get 0% APR for more than one year and an unlimited cashback program. Read on and learn how!

Advertisement

American Express Cash Magnet® card: 1.5% cashback and 15 months 0% APR in just 30 seconds!

American Express Logo
Learn how to apply for this card. Source: American Express

To apply for the American Express Cash Magnet® card is a streamlined process. In fact, over the internet, Amex promises that you will receive a response from your application in just 30 seconds!

So, read the topics below and learn how to have the American Express Cash Magnet® card in your wallet.

card

Credit card

American Express Cash Magnet®

Welcome bonus Amex

Unlimited 1.5% cashback on all your purchases and no annual fees.

You will be redirected to another website

How to apply on the website

Online paying shopping, electronic payment with credit card, smart phone concept, laptop over white table background with shop cart trolley, close up.
Learn how to apply for the American Express Cash Magnet® card. Source: Adobe Stock.

First, go to the official American Express website and choose the Cash Magnet® card. Thus, you will have the security of placing your information in a protected environment.

Then, click “apply now”. You will then be taken to a form where you must enter your basic information. After filling them in, click “Continue to terms” at the bottom of the screen.

The next screen will present all the terms, fees and conditions. Confirm that you have read them and agree to formalize your application. In just 30 seconds, you will receive the result on the website itself.

If accepted, you will receive a login that allows you to access your virtual account on the “Amex” website or app.

How to apply using a mobile app

Amex does not allow you to apply for the American Express Cash Magnet® card using the official agency app. However, this app will be extremely useful as long as you have this card.

In fact, you can use it to track your rewards, pay balance, shop online or with “contactless” technology. In addition, the application has a virtual credit card. So you can use your card even without having it physically in your hands.

American Express Cash Magnet® card vs. Upgrade Cash Rewards card: choose which one is best for you

By itself, the American Express Cash Magnet® card is a very interesting option with an above-average cashback program.

As American Express Cash Magnet® does not charge an annual fee, you will not pay anything extra to have it. However, you can see other alternatives that may suit your finances better.

Which of these options offers the most benefits? See a comparison in the table below:

American Express Cash Magnet®Upgrade Cash Rewards 
Credit ScoreFrom good to excellent (670-850)Fair to Good  (580 – 740)
Annual Fee$0$0
Regular APR0% in the first 15 months. Then from 14.74% to 24.74% (variable)From 8.99% to 29.99%
Welcome bonusEarn $200 after spending at least $2,000 in the first 6 months$200 bonus for 3 debit card deposits to your rewards checking account
Rewards1.5% unlimited cashback on all your purchases1.5% unlimited cash back on purchases
Upgrade Logo

Upgrade Cash Rewards Card: check out how to apply!

The Upgrade Cash Rewards is a cash-back credit card that offers 1.5% back on all purchases and up to $25.000 to borrow: learn how to apply!

About the author  /  José Gonçalo

I started reading about finance only to find better options than savings. Since then, I have never stopped studying finance, and I believe that writing about it is the best way to help individuals feel fulfilled and have a healthy financial life. Today, I balance finance and medical school studies.

Trending Topics

content

Earned Income Tax Credit (EITC): see if you qualify for the program

There is a federal program that allows you to recover your taxes. Click here to learn more about the Earned Income Tax Credit (EITC).

Keep Reading
content

Credit score vs. credit report: everything you need to know

Credit score vs. credit report: understand the terms and how they work together toward your financial wellness. Learn all about them here!

Keep Reading
content

Achieve your goals: Nelnet Student Loan Refinance Review

Learn how Nelnet Student Loan Refinance can help you reduce your monthly payments and achieve financial freedom in our in-depth review.

Keep Reading

You may also like

content

Capital One Aspire Cash™ Platinum Mastercard® card: check out how to apply!

Apply for the Capital One Aspire Cash™ Platinum Mastercard® credit card and get a cashback program that rewards you on all your purchases.

Keep Reading
content

PenFed Credit Union Loan review: Up to $50,000!

Is this lender the solution to your financial needs? Find out in our detailed PenFed Credit Union Loan review - get up to $50,000!

Keep Reading
content

How to apply for OppLoans Personal Loans: No score impact!

Ready to uplift your finances? Apply for the OppLoans Personal Loans for swift funds and transparent terms with no hard credit checks.

Keep Reading