Amex Cash Magnet All Time High Sign Up Bonus

If you have ever been interested in the Cash Magnet from American Express, and have a lot of miscellaneous expenses, this may be the time to grab the card. 

The Offer

Cardholders can earn an extra 3.5% cashback (ontop of the 1.5% it already earns) for the first 6 months, up to a total of $350. After that point, it’ll revert back to the typical 1.5% cashback.

Final Thoughts

In order to maximize this offer, and earn the complete $350, you’ll have to spend a total of $10,000. Theoretically speaking, that would make it an all time high sign up bonus. However, the highest offer before this paid out $300, but only required $2,500 in spend within the first 3 months.

That’s why this offer is a little tough to recommend. It does earn 5%, but after the sign up bonus period, it’s a hard card to really get value from. The fact that it only earns 1.5% cashback (not MRs) makes it not too great. 

What do you think about this card? Is this offer worth taking? Let us know down in the comment section below. 

Like our article? Be sure to share it or leave a comment!

Share on facebook
Facebook
Share on twitter
Twitter

Leave a Reply

Your email address will not be published. Required fields are marked *

ABOUT US

Creditalacarte is a blog and youtube channel that is dedicated to travel hacking and general credit knowledge. Follow us to gain all of the insights you need in order to be successful in the credit game and keep up to date on current events!

Recent Posts