Update 11/20/22: Bonus reduced to $200.
The Offer
Direct link to offer, shows up via incognito mode for some
- American Express is offering a bonus of up to $300 on the Cash Magnet card. Bonus is broken down as follows:
- $150 cash back after $1,000 in spend within the first six months
- 10% cash back up to $150 on grocery store purchases for the first six months (you might also see a max of $100, keep trying till you get the $150 maximum. It took me a lot of tries to get the better offer to show up)
Card Details
- No annual fee
- Card earns 1.5% cash back on all purchases
- Contains lifetime language
Our Verdict
We’ve seen a bonus of up to $350 in the past. This $300 bonus is probably better for most people due to much less spend required. There was also a $300 bonus but that required $7,500 in spend. With this current bonus you could spend $1,500 at a grocery store and that would be enough to trigger both bonuses. Because of that I think this is the best bonus we’ve seen on this card before and I’ll be adding it to the best credit card bonuses. If you’re going to apply, make sure you read these things everybody should know about American Express cards first.
Hat tip to Chase-ing UR points
