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Amex Cash Magnet Card

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American Express · American Express · personal · closed to new · Cash back

Amex Cash Magnet Card
Seeded from model knowledge (mid-2026), not yet web-verified. Check issuer terms before relying on rates, credits, caps, or protections. Edit data.
Review the linked sources below for offer details and eligibility.
$0
annual fee
2.7%
foreign txn fee
$0
credits/yr realistic ($0 face)
$0
sign-up bonus ≈ 0 cash

Earning

Everything else 1.5% 1.5%

Right column: value per $ at travel valuation (1¢/pt). Dollar-for-dollar.

Credits

None.

Benefits

  • Amex Offers
  • 0% intro APR 15 months
  • No annual fee

Protections

purchase protection90 days, up to $1,000 per occurrence
rental carsecondary

Notes

SEEDED FROM MODEL KNOWLEDGE (as of mid-2026), NOT YET WEB-VERIFIED — numbers may be stale; confirm on the issuer's site before relying on a credit or cap. STATUS 2026-09-08: closed to new applicants. Doctor of Credit reported Cash Magnet application pages erroring on 2024-09-26 (https://www.doctorofcredit.com/amex-everyday-amex-everyday-preferred-no-longer-accepting-new-applications/) and called the card discontinued on 2025-09-25; Amex nonetheless uses it as the conversion target for other retired products — Clear from American Express accounts converted to Cash Magnet on 2025-08-20 (https://www.doctorofcredit.com/american-express-to-discontinue-clear-from-american-express-credit-card/) and Blue Sky accounts on 2026-01-21 (https://www.doctorofcredit.com/american-express-blue-sky-cards-to-be-converted-to-cash-magnet/), so existing cardholders keep earning. The Amex product page still titles the card 'Unlimited 1.5% Cash Back' (fetched 2026-09-08, body not rendered); Bankrate's review URL now redirects to a generic Amex list and its Amex hub omits the card. Annual fee, intro APR and foreign transaction fee were not confirmed on a fetched page.

Verified 2026-06-01 · confidence medium · sources: 1, 2, 3, 4