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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.

Megan Horner

Updated Apr 27, 2020

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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 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 Rates & Fees	Blue Cash Everyday® Card from American Express Rates & Fees
finder.com's rating
finder.com's rating	★★★★★ 4.3 / 5.0	★★★★★ 4.6 / 5.0
Best for
Best for	Flat cash back on all purchases	Cash back on groceries and gas
Welcome offer
Welcome offer	$150 after spending $1,000 in the first 3 months	20% at Amazon.com up to $200 back in the first 6 months, plus $100 after spending $1,000 in the same timeframe
Rewards
Rewards	1.5% cash back on all purchases	20% at Amazon.com up to $200 back in the first 6 months, 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
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
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
Learn more
Learn more	Read review	Read review

Summary of card features

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

Intro APR period on purchases. You'll get a 0% intro APR period on purchases for the first 15 months from account opening. After that, your rate reverts to 13.99% to 23.99% variable.
Earn cash back. Earn 3% cash back on up to $6,000 per year, then 1% after that. You also get to earn 2% cash back at US gas stations and department stores, and 1% cash back on everything else you buy.
Welcome offer. Get $100 bonus after you spend $1,000 on purchases in the first 6 months following your account opening. You'll also earn 20% back at Amazon.com up to $200 back in the same timeframe.

Compare cash back cards

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Name	Rewards	Purchase APR	Annual fee
Blue Cash Preferred® Card from American Express	6% on select US streaming services, 3% on transit and US gas stations, 6% at US supermarkets on up to $6,000 annually, then 1% after that and on all other purchases	0% intro for the first 12 months (then 13.99% to 23.99% variable)	$0 intro annual fee for the first year ($95 thereafter)	Apply now View details	Perfect for families: Get up to 6% on everyday purchases and a welcome offer worth $300. This heavy-hitter rewards card has uncontested value. Rates & fees	Compare	loading Fetching your data...
Blue Cash Everyday® Card from American Express	20% at Amazon.com up to $200 back in the first 6 months, 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 for the first 15 months (then 13.99% to 23.99% variable)	$0	Apply now View details	This everyday cashback card is ideal for Black Friday and holiday shopping with 20% back at Amazon.com up to $200 back in the first 6 months. Rates & fees	Compare	loading Fetching your data...
Chase Freedom Flex℠	5% back in rotating categories up to $1,500 combined each activated quarter (then 1%), 5% on travel purchased through Chase, 3% on dining and drugstores, and 1% on all other purchases	0% intro for the first 15 months (then 14.99% to 23.74% variable)	$0	Apply now View details	Get up to 5% cashback in rotating and newly added everyday categories. The refreshed Freedom Flex card has lots of earning potential.	Compare	loading Fetching your data...
Citi® Double Cash Card	Up to 2% cash back on purchases (1% when you buy plus 1% as you pay)	13.99% to 23.99% variable	$0	Apply now View details	Earn up to 2% on every purchase with no annual fee. This is the highest flat-rate cashback card on the market.	Compare	loading Fetching your data...
Chase Freedom Unlimited®	5% cash back on travel purchased through Chase, 5% on Lyft, 3% on dining and drugstores and 1.5% on all other purchases	0% intro for the first 15 months (then 14.99% to 23.74% variable)	$0	Apply now View details	This solid 1.5% cashback card gets even better with the addition of up to 5% back in categories like travel, drug stores and dining.	Compare	loading Fetching your data...
Costco Anywhere Visa® Card by Citi	4% at gas stations on up to $7,000 annually (then 1%), 3% at restaurants and on travel, 2% at Costco and 1% on all other purchases	15.24% variable	$0	Apply now View details	An impressive cashback card that offers up to 4% back on everyday purchases like gas, travel and dining all for the cost of a Costco membership.	Compare	loading Fetching your data...
American Express Cash Magnet® Card	1.5% cash back on all purchases	0% intro for the first 15 months (then 13.99% to 23.99% variable)	$0	Apply now View details	With 1.5% back on everything and a 15 months intro APR on purchases, this no-annual-fee rewards card makes it simple to earn more rewards. Rates & fees	Compare	loading Fetching your data...
Petal® 2 "Cash Back, No Fees" Visa® Credit Card	Up to 10% cash back from select merchants, on other purchases earn 1% back, 1.25% after six on-time payments and 1.5% after 12 on-time payments	12.99% to 26.99% variable	$0	Apply now View details	Build your credit with rewards and no fees: Apply if you're new to credit or have a fair to good score of 600 or higher. See if you prequalify with no impact to your score.	Compare	loading Fetching your data...
TD Cash Credit Card	3% on dining, 2% at grocery stores and 1% on all other eligible purchases	0% intro for the first 6 months (then 12.99%, 17.99% or 22.99% variable)	$0	Apply now View details	3% on dining and 2% on groceries make this a valuable card for food purchases. Use it while traveling, too, with no foreign transaction fees. Available in: CT, DC, DE, FL, MA, MD, ME, NC, NH, NJ, NY, PA, RI, SC, VA, VT	Compare	loading Fetching your data...
CardMatch™ from creditcards.com	See terms	See issuer's website	See terms	See offer View details	Use the CardMatch tool to find cards you're likely to qualify for with your credit score, without a hard pull on your credit.	Compare	loading Fetching your data...
Credit One Bank® Visa® with Free Credit Score Access	1% cash back on all purchases or in categories based on Credit One Bank’s discretion	17.99% to 23.99% variable	$0 to $99	Apply now View details	Get 1% cash back on all purchases or in categories based on Credit One Bank’s discretion.	Compare	loading Fetching your data...
Credit One Bank® Unsecured Visa® with Cash Back Rewards	1% cash back on all purchases or in categories based on Credit One Bank’s discretion	17.99% to 23.99% variable	$0 to $99	Apply now View details	Earn 1% cash back on all purchases or in categories based on Credit One Bank’s discretion.	Compare	loading Fetching your data...
Credit One Bank® Platinum Visa® for Rebuilding Credit	1% cash back on all purchases on eligible purchases	17.99% to 23.99% variable	$0 to $99	Apply now View details	Earn 1% cash back on all purchases or in categories based on Credit One Bank’s discretion.	Compare	loading Fetching your data...
Official NASCAR® Credit Card from Credit One Bank®	Up to 1% cash back on eligible purchases determined by Credit One and double cash back at the NASCAR Shop	17.99% to 23.99% variable	$0 to $99	Apply now View details	Get up to 1% cash back rewards on eligible purchases determined by Credit One and double cash back rewards at the NASCAR Shop.	Compare	loading Fetching your data...

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Megan Horner

Megan Horner is the credit cards publisher at Finder. She's passionate about helping you find the best credit cards to meet your financial needs — whether that's earning great rewards or improving your credit score. Megan's expertise has been spotlighted on Lifehacker, CreditCards.com, American Banker and featured on news broadcasts across the country.

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