You will earn $150 statement credit after you spend $1,000 in purchases on your new card within your first 3 months starting from the date your account is approved. After qualifying, please allow 8 - 12 weeks for the statement credit to post to your account.
Cash Rewards on Purchases
You will earn unlimited 1.5% cash back on eligible purchases and in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise.
Fees and Intro APR
This credit card has no annual fee. You will enjoy 0% introductory APR for 15 months on purchases and balance transfers, then a variable rate, currently 14.49% to 25.49%.
Required Credit Rating
American Express Cash Magnet® Card is for people with good or excellent credit scores. If you have a FICO score of 700 or more, you may qualify for the credit card.