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
American Express Cash Magnet® card: 1.5% cashback and 15 months 0% APR in just 30 seconds!
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.
How to apply on the website
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.
You will be redirected to another website
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 Score||From good to excellent (670-850)||Fair to Good (580 – 740)|
|Regular APR||0% in the first 15 months. Then from 14.74% to 24.74% (variable)||From 8.99% to 29.99%|
|Welcome bonus||Earn $200 after spending at least $2,000 in the first 6 months||$200 bonus for 3 debit card deposits to your rewards checking account|
|Rewards||1.5% unlimited cashback on all your purchases||1.5% unlimited cash back on purchases|
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!
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