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American Express Cash Magnet® Card vs Blue Cash Everyday® Card from American Express

Earn unlimited cash back on all purchases or accelerated cash back on select categories.

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Megan Horner
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Both these cards are issued by American Express and have no annual fee. The main difference is, the American Express Cash Magnet® Card offers flat cash back as statement credit on all purchases, while the Blue Cash Everyday® Card from American Express offers accelerated cash back as statement credit at US supermarkets, US gas stations and select US department stores.

Compare the perks and benefits offered by these cards in the table below.

American Express Cash Magnet® Card

American Express Cash Magnet® Card

Terms apply, see rates & fees

Blue Cash Everyday® Card from American Express

Blue Cash Everyday® Card from American Express

Terms apply, see rates & fees
Finder rating
Finder rating

★★★★★

4.3 / 5.0

★★★★★

4.6 / 5.0
Best for
Best for
  • Flat cash back on all purchases
  • Cash back on US groceries and gas
Welcome offer
Welcome offer

$150 statement credit after spending $1,000 in the first 3 months

Earn a $200 statement credit after spending $2,000 in the first 6 months
Rewards
Rewards

1.5% cash back on all purchases (redeem as statement credit)

3% at US supermarkets on up to $6,000 per year (then 1%), 2% at US gas stations and select US department stores and 1% on other purchases (redeem as statement credit)
Purchase APR
Purchase APR

0% intro APR for 15 months, and then 13.99% to 23.99% variable

0% intro APR for 15 months, and then 13.99% to 23.99% variable

Annual fee
Annual fee $0 $0
Balance transfer APR
Balance transfer APR

N/A

N/A
Cash advance
Cash advance

APR: 25.24% variable

Fee: $10 or 5% of the transaction, whichever is greater

APR: 25.24% variable

Fee: $10 or 5% of the transaction, whichever is greater
Foreign transaction fee
Foreign transaction fee 2.7% of each transaction 2.7% of each transaction
Late payment fee
Late payment fee Up to $40 Up to $40
Additional cardholder fee
Additional cardholder fee $0
Interest-free period
Interest-free period 25 days 25 days
Minimum interest
Minimum interest $0
Minimum credit score
Minimum credit score 680 670
Card type
Card type Credit Credit
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