Cash Back card · American Express
Cash Magnet Card from American Express
Cash Magnet Card from American Express is the flat-rate cash back card: 1.5% back on everything, with no annual fee as of 2026. Annual fee: No annual fee (as of 2026).
Card facts
| Issuer | American Express |
|---|---|
| Network | American Express |
| Type | Cash Back |
| Annual fee | No annual fee (as of 2026) |
| Rewards | 1.5% cash back on every purchase, with no spending limit on the flat rate. |
| Interest rate | Variable — the issuer's official page lists the current rate. |
Every fact above is taken from the sources listed below; anything no source states is left blank rather than guessed. Annual fees and rewards change — every figure on this page carries its year, and the issuer's official page is always the current one.
Rewards, in plain words
1.5% cash back on every purchase, with no spending limit on the flat rate.
Who it is built for
Built for people who want one simple cash back rate on every purchase.
Current details — visit the official Cash Magnet Card from American Express page. Annual fees, rewards and interest rates change; the issuer's own page is always the current one.
More cards from American Express
Other cards from the same issuer in this library.
- American Express Business Gold Card · Business · $375 (as of 2026)
- American Express Business Platinum Card · Business · $895 (as of 2026)
- American Express Centurion Card · Travel · $5,000 (as of 2026)
- American Express Cobalt Card (Canada) · Dining · C$191 (as of 2026)
- American Express Everyday Card · Cash Back · No annual fee (as of 2026)
- American Express Gold Card · Dining · $325 (as of 2026)
More Cash Back cards
American Express Everyday Card
2 points per dollar at US supermarkets (up to $6,000 in purchases a year), and 1 point per dollar on everything else.
Apple Card
3% Daily Cash back at Apple and select merchants, 2% Daily Cash back on purchases made with Apple Pay, and 1% Daily Cash back on purchases made with the physical card.
Bank of America Customized Cash Rewards
3% cash back in a category the holder chooses (up to $2,500 in combined purchases a quarter), 2% cash back at grocery stores and wholesale clubs, and 1% cash back on everything else.
Bank of America Unlimited Cash Rewards
1.5% cash back on every purchase, with no spending limit on the flat rate.
Frequently asked questions
What is the Cash Magnet Card from American Express?
Cash Magnet Card from American Express is the flat-rate cash back card: 1.5% back on everything, with no annual fee as of 2026.
Does the Cash Magnet Card from American Express have an annual fee?
No — the card has no annual fee (No annual fee (as of 2026)).
What rewards does the Cash Magnet Card from American Express earn?
1.5% cash back on every purchase, with no spending limit on the flat rate.
Who issues the Cash Magnet Card from American Express?
The Cash Magnet Card from American Express is issued by American Express and runs on the American Express network.
Sources
- https://www.americanexpress.com/us/credit-cards/ — Issuer's card list
- https://www.americanexpress.com/us/credit-cards/card/cash-magnet-credit-card/ — Issuer's official card page
Page last updated 14 November 2026.