American Express Cash Magnet™ Card Reviews

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Approval Odds

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4.4 out of 5 stars
100 Reviews

From Cardholders in the last year

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Application Process

4 out of 5 stars

Customer Service

3.5 out of 5 stars

4.5 5

Card Details

  • Balance Transfer Intro APR 0% for 15 Months
  • Balance Transfer Regular APR 15.24% - 26.24%* Variable
  • Annual Fee $0
  • Purchase Intro APR 0% for 15 Months
  • Purchase Regular APR 15.24% - 26.24%* Variable

3 star reviews (6) See All

These reviews were written by current and former cardholders in the last year.

Jan 15, 2019
Good Flat Cash Back, High % Rate
meillasdad Cardholder

We already have the Blue Card Preferred, and keep a low limit on it, so when they approved us for $2k that was alright by me. I have a 731 score. The only issue is the interest rate is really high, so we can never revolve the debt on this card once the 0% is over.

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Jan 04, 2019
Nothing special
AJPenn Cardholder

I had scores of 700 and 702, approximately 20% usage, excellent approval odds. I was approved for 4200. I called about this and was shrugged off. I have another amex card with a 15000 limit so I was expecting a high limit. I did not get hit with a hard inquiry because I had an existing amex account. Came with the rewards as promised. 150 for the first 1000 spent. And another 100 if you can spend 6500. Not a very useful card to be honest.

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Dec 03, 2018
Was let down.
Garda Cardholder

I applied solely to do a balance transfer. I had "excellent odds" and was approved. I was only approved for a credit line of $1,000 with a 718 credit score. I had to rub my eyes to make sure I was seeing that right. I got approved for 10k on another card a year ago easily but this "balance transfer recommendation" card was a huge let down.

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Dec 08, 2018

Can I ask what other card company you applied for? I'm wanting to do a balanced transfer only. Thx

Dec 28, 2018

Yes, I want to know as well. What card was it?

Oct 10, 2018
Risell07 Cardholder

Just 3200 with excellent score, decreased money from other American Express I have and put it in the new one, when called them then increase at 5000

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Oct 03, 2018
Not Worth It !

American Express is very fickle ! I had this card for a while but it doesn't offer the perks my Chase Reserve and Capital One QuickSilver. But to each is own on what they prefer. I will let you know their Customer Service is spot on. But I bit the bullet on my CBR and cancelled my membership. They tried everything and every offer to keep me, but I gracefully declined

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Aug 23, 2018
Pros and Cons

Was pre-qualified so I got this card but VERY Low credit limit ($1000) even though I do have good credit. Wasn't able to get the Bonus offer due to the low cl which kinda sucks. I'm using this card for a Balance Transfer to save on some interest so I guess it's useful... for now.

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Sep 01, 2018

U could always cycle through the credit line u know charge 750 pay it off and charge the other 750 and there u go 1500 spent...

Sep 06, 2018

What do you mean you can’t get the bonus? I have a few cl with them $1k and got the bonuses. Just keep spending and pay the full abalance off multiple times during cycle

Sep 16, 2018

How do I do a balance transfer?

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American Express Cash Magnet™ Card

6 Reviews
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