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American Express Cash Magnet® Card vs Chase Freedom Unlimited®

Earn a flat cashback rate on everything you buy.

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Megan Horner
Updated
Fact checked

The American Express Cash Magnet® Card and the Chase Freedom Unlimited® are almost identical. The main difference is the welcome offer — the Chase Freedom Unlimited® requires you to spend half the amount to earn it.

American Express Cash Magnet® Card

American Express Cash Magnet® Card

Terms apply, see rates & fees

Chase Freedom Unlimited®

Chase Freedom Unlimited®

Terms apply, see rates & fees
Finder rating
Finder rating

★★★★★

4.3 / 5.0

★★★★★

4.7 / 5.0
Best for
Best for
  • Flat cash back on all purchases
  • Unlimited 1.5% cash back on every purchase
Welcome offer
Welcome offer

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

Earn an additional 1.5% cash back on everything you buy (on up to $20,000 spent in the first year) - worth up to $300 cash back
Rewards
Rewards

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

3% on dining at restaurants, including takeout and eligible delivery services, 3% on drugstore purchases, 5% on travel purchased through Chase Ultimate Rewards®, Unlimited 1.5% cash back on all other purchases
Purchase APR
Purchase APR

0% intro APR for 15 months, and then 15.49% to 25.49% variable

0% intro APR for 15 months, and then 15.74% to 24.49% variable

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

N/A

0% intro APR for 15 months, then 15.74% to 24.49% variable
Cash advance
Cash advance

APR: 26.74% variable

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

APR: 25.74% variable

Fee: $10 or 5% of the transaction, whichever is greater
Foreign transaction fee
Foreign transaction fee 2.7% of each transaction 3% 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 21 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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