Amex Cash Magnet Card Review

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Top perks

These are the top perks that come with this card:

Unlimited 1.5% cash back

The Amex Cash Magnet Card earns this flat rate on all your spending, making it a smart pick if you’d rather not spend your time carrying cards with different bonus categories and matching them to specific expenses. Terms apply.

$200 welcome bonus

You will receive a $200 welcome bonus as a statement credit after spending $1,000 within the first three months of opening the account. Terms apply.

No annual fee

If you’re looking for a no annual fee card, this one fits the bill (see rates and fees).

0% intro APR offer

The Amex Cash Magnet Card 0% intro APR lasts for the first 15 months and applies to purchases. The go-to rate is 13.99%-23.99% Variable after the promotional period expires. (see rates and fees).

Car rental loss and damage insurance

You can skip the rental car insurance when you pay with your Amex Cash Magnet Card, because this American Express card offers its own coverage for that. This coverage is secondary and doesn’t include liability coverage. To use this coverage, you’ll need to pay for the entire rental in full with your eligible card and decline the collision damage waiver at the rental counter. Terms apply.

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View more information: https://www.fool.com/the-ascent/credit-cards/american-express-cash-magnet-review/

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