Upgrade Amex Cash Magnet to Cash Preferred, Get $150 Bonus (Targeted)

Upgrade Amex Cash Magnet to Cash Preferred, Get $150 Bonus

American Express has sent out an interesting upgrade offer to some Cash Magnet cardholders. If targeted you can get a $150 bonus to upgrade to a American Express Blue Cash Preferred card that comes with a $95 fee. I think this is the first time that we see such an offer.


Upgrade your American Express Cash Magnet Card to the American Express Blue Cash Preferred card and receive a $150 bonus when you spend $1,000 within the first three months.

This is a targeted offer that was sent out by email to American Express Cash Magnet cardholders.

Amex Blue Cash Preferred

  • 6% Cash Back at U.S. supermarkets (on up to $6,000 in purchases then 1%)
  • 6% Cash Back on select U.S. streaming subscriptions
  • 3% Cash Back at U.S. gas stations
  • 3% Cash Back on transit, including parking, tolls, trains and rideshares
  • 1% Cash Back on other purchases
  • $95 annual fee

Amex Cash Magnet

  • 1.5% cash back on all purchases
  • No annual fee

Guru’s Wrap-up

A nice upgrade bonus, especially if you need a card that gives you a high earning rate at U.S. supermarkets. Let me know if you are targeted.


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