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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 U.S. supermarkets, U.S. gas stations and U.S. online retail purchases. (Terms apply, see rates & fees).

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 U.S. 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 U.S. supermarkets on up to $6,000 per year, then 1%; 3% on U.S. online retail purchases, on up to $6,000 per year, then 1%; 3% at U.S. gas stations on up to $6,000 per year, then 1%
Purchase APR
Purchase APR

0% intro APR for 15 months, and then 16.24% to 27.24% variable

0% intro APR for 15 months, and then 16.99% to 27.99% variable

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

N/A

0% intro APR for 15 months (then 16.99% to 27.99%) Either $5 or 3% of the amount of each transfer, whichever is greater. variable
Cash advance
Cash advance

APR: 27.49% variable

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

APR: 28.24% 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
Learn more
Learn more

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