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!


by José Gonçalo

05/13/2022 | Updated on 06/27/2022

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.


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


The US Economy: why growing fears of a recession are justified

Will the US enter an economic recession? Understand what economists say on the subject and how to prepare your pocket for the future.

Keep Reading

Is Canada going into recession? Here’s what experts are saying

Find out if Canada is going into recession, and learn about some of the causes behind this situation. Here are the facts.

Keep Reading

Personify personal loan review: money in two days!

Personify personal loan is an opportunity for people with bad credit to access a loan of up to $15,000. Read our post to learn more!

Keep Reading

You may also like


Student BMO CashBack® Mastercard® card: check out how to apply!

Enjoy up to 5% cashback with no annual fee. Click here and learn how to apply for the Student BMO CashBack® Mastercard® credit card.

Keep Reading

Southwest Rapid Rewards® Premier Credit Card: check out how to apply!

Apply to the Southwest Rapid Rewards® Premier Credit Card and get 50K bonus points and a 0% foreign transfer fee. Read on and learn how!

Keep Reading

British Airways: cheap flights and offers

Learn strategies to save on cheap British Airways flights: travel anywhere in the world for 50% off or more! Keep reading and learn more!

Keep Reading