Cash Magnet vs American Express® Gold Card
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Cash Magnet is a cash back credit card. How does it compare to American Express Gold, a points card? Read our comparison chart below.
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American Express Cash Magnet® Card | American Express® Gold Card | |
|---|---|---|
Credit Card Interest Rates & Fees | ||
| Introductory APR for Purchases | 0% introductory APR on purchases for 15 months | N/A |
| Purchase APR | 19.24% to 29.99% Variable based on your creditworthiness and other factors | See Pay Over Time APR |
| Balance Transfers APR | N/A | N/A |
| Foreign Transaction Fee | 2.7% of each transaction after conversion to US dollars. | No foreign transaction fee |
| Annual Fee | ||
| Terms Apply. | ||
Credit Card Rewards & Benefits | ||
| Introductory Bonus Cash Back | Earn a $200 statement credit after you spend $2,000 or more in purchases with your new Card within the first 6 months of Card Membership. | |
| Introductory Bonus Offer | Earn 60,000 Membership Rewards® points after you spend $4,000 on eligible purchases with your new Card within the first 6 months of Card Membership. | |
| Cash Back Rewards | Unlimited 1.5% Cash Back on your purchases. | |
| Airline Rewards | 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com. | |
| Point Rewards | Earn 4X Membership Rewards® Points at Restaurants, plus takeout and delivery in the U.S., and earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X). Earn 3X Membership Rewards® points on flights booked directly with airlines or on amextravel.com. | |
| Grocery Rewards | Earn 4X Membership Rewards® points at U.S. supermarkets (on up to $25,000 per calendar year in purchases, then 1X). | |
| Dining Rewards | Earn 4X Membership Rewards® Points at Restaurants, plus takeout and delivery in the U.S. $120 Dining Credit: Satisfy your cravings and earn up to $10 in statement credits monthly when you pay with the American Express® Gold Card at Grubhub, The Cheesecake Factory, Goldbelly, Wine.com, Milk Bar and select Shake Shack locations. Enrollment required. | |
| Airline Transfer Partners | Airline transfer partners include Delta, Hawaiian Airlines, Aeromexico, Air Canada, Air France, Emirates, Cathay Pacific (Asia Miles), Virgin Atlantic, Singapore Airlines, Etihad, Alitalia, All Nippon Airways and more. | |
CreditDonkey® Credit Card Reviews | ||
| Pros & Cons | Pros:
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| Bottom Line | Good rewards card for cardholders who fly frequently or eat out... | |
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See issuer's website for details including terms and conditions. While reasonable effort has been made to maintain accurate and updated information, the information shown on this site may vary, be out of date, or not applicable to you. All information is provided without warranty. When you click on the Apply Now button, you can review the terms and conditions on the issuer's website. Blank fields may indicate the information is not available, not applicable, or not known to CreditDonkey. Please visit the issuer's website for details. Editorial Note: This content is not provided by American Express. Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved or otherwise endorsed by American Express. Disclaimer: The information for the American Express Cash Magnet® Card has been collected independently by CreditDonkey. The card details on this page have not been reviewed or provided by the card issuer. Cash Magnet: Pricing information including interest rates, benefits and fees was obtained on July 27, 2023 from published websites and is believed to be accurate, but not guaranteed. | ||
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