Amex Cash Magnet Card, New Welcome Bonus of $350 (YMMV)

Amex Cash Magnet Card $350

Amex Cash Magnet Card, New Welcome Bonus of $350 (YMMV)

The recently launched Amex Cash Magnet card has a higher welcome bonus once again. You can earn up to $350 in total, but the bonus come as an extra 3.5% cashback on your spending.


  • Earn the standard unlimited 1.5% Cash Back on purchases. Plus earn an additional 3.5% Cash Back on purchases in your first 6 months up to $350.
  • 0% intro APR on purchases and balance transfers for 15 months, then a variable APR

The offer is showing up in incognito. Just try the public link.

Card Benefits

  • Unlimited 1.5% Cash Back — no caps, no categories
  • No annual fee (rates and fees)
  • Pay It Plan It, an innovative payment feature from American Express that gives Card Members control over how they pay for the things they buy
  • Special launch offer:

The Card also features many of the benefits and services that Card Members have come to expect from American Express, including a complimentary ShopRunner membership and Amex Offers, which rewards Card Members at places they like to shop, travel and dine.

Guru’s Wrap-up

A good welcome bonus for a no fee card. We have seen a $300 bonus in the past that required $7,500 spend, so that was a better return. But with this offer you don’t have to hit a certain threshold to get the bonus. So it might be a better choice for those that are not sure if they can achieve the huge spending requirement.


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