Earn unlimited cash back on all purchases or accelerated cash back on select categories.
Both these cards are issued by American Express, have no annual fee and have the same welcome offer (see American Express Cash Magnet® Card rates & fees and Blue Cash Everyday® Card from American Express rates & fees). The only difference is, the American Express Cash Magnet® Card offers flat cash back on all purchases, while the Blue Cash Everyday® Card from American Express offers accelerated cash back 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
|
Blue Cash Everyday® Card from American Express
|
|---|---|
| Not rated yet |
★★★★★ 4.5 / 5.0 |
|
|
| $150 after spending $1,000 in the first 3 months | $150 after spending $1,000 in the first 3 months |
|
1.5% cash back on all purchases |
2% at US gas stations and select US department stores, 3% at US supermarkets on up to $6,000 per year, then 1% after that and on all other purchases |
|
0% intro APR for 15 months, and then 15.24% to 26.24% variable |
0% intro APR for 15 months, and then 15.24% to 26.24% variable |
| $0 | $0 |
|
APR: 0% intro APR for 15 months, then 15.24% to 26.24% variable Fee: Either $5 or 3% of the amount of each transfer, whichever is greater. $5 or 3% of the transaction, whichever is greater |
APR: 0% intro APR for 15 months, then 15.24% to 26.24% variable Fee: $5 or 3% of the transaction, whichever is greater |
|
APR: 27.49% variable Fee: $5 or 3% of the transaction, whichever is greater |
APR: 27.49% variable Fee: $5 or 3% of the transaction, whichever is greater |
| 2.7% of each transaction | 2.7% of each transaction |
| Up to $38 | Up to $38 |
| $0 | |
| 25 days | 25 days |
| $0 | |
| 680 | 680 |
| Credit | Credit |
| Rates & Fees | Rates & Fees |
Which card should you choose?
American Express Cash Magnet® Card
- No annual fee
- Unlimited 1.5% cash back
- Earn a $150 statement credit after you spend $1,000 or more in purchases with your new card within the first 3 months of card membership
Blue Cash Everyday® Card from American Express
- No annual fee
- Purchases and balance transfers have an intro APR for 15 months
- Earn 3% at US supermarkets on up to $6,000 per year, then 1%. Earn 2% at US gas stations and US department stores. Earn 1% on all other purchases
- Earn a $150 bonus statement credit after you spend $1,000 on purchases in the first 3 months