The American Express Cash Magnet Card is known for having many advantages and very few negative points or disadvantages. And for this reason, it is an ideal card for almost everyone.
In this article, we will focus only on the positive aspects of having this card. Shall we begin?
Positive points of having an American Express Cash Magnet Card
Earn credit
The card offers $200 to those who spend $2,000 or more in the first months.
Cashback
You get 1.5% cashback on all purchases you make on your credit card.
The cashback can also be exchanged as credits on your statement, as it is received in Reward Dollars.
No annual fee
One thing that is very attractive about the American Express Card is the fact that the card does not charge an annual fee.
The annual fee is a charge that is levied annually for the cost of maintaining/owning a credit card.
Many cards charge this fee, which causes their customers to pay something extra in addition to the invoice amount.
Amex Offers
The card offers Amex Offers, which is a way to earn rewards for using your credit card at certain places.
Interest rate
For the first 15 months, your interest rate on purchases is 0%; after the first 15 months, the rate changes.