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American Express Cash Magnet® Card vs Chase Freedom Unlimited®

Earn a flat cashback rate on everything you buy.

Megan Horner
Megan Horner

Updated

Fact checked

The winner: Chase Freedom Unlimited®

Chase Freedom Unlimited® logo

Up to 5%

Cash back

  • Up to 5% cashback and an impressive 1.5% base cashback rate
  • 15 months of intro APR on purchases
  • No annual fee
Apply now
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

Rates & Fees

Chase Freedom Unlimited®

Chase Freedom Unlimited®

Rates & Fees
finder.com's rating
finder.com's 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 after spending $1,000 in the first 3 months

$200 after spending $500 in the first 3 months
Rewards
Rewards

1.5% cash back on all purchases

5% cash back on travel purchased through Chase, 5% on Lyft, 3% on dining and drugstores and 1.5% 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 14.99% to 23.74% variable

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

N/A

 14.99% to 23.74% variable
Cash advance
Cash advance

APR: 25.24% variable

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

APR: 24.99% 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 $39
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

Read review

Read review

Summary of card features

American Express Cash Magnet® Card

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

Chase Freedom Unlimited®

Chase Freedom Unlimited®

  • Earn 5% on travel purchased through Chase, 3% on dining at restaurants and drugstores, and an impressive 1.5% on all other purchases.
  • Get a signup bonus of $200 after you spend $500 within your first 3 months of account opening.
  • Don't pay an annual fee.

Compare American Express Cash Magnet® Card vs. Chase Freedom Unlimited®

Data indicated here is updated regularly
Name Product Welcome offer Rewards Annual fee Filter values
American Express Cash Magnet® Card
American Express Cash Magnet® Card
$150 after spending $1,000 in the first 3 months
1.5% cash back on all purchases
$0
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
Apply now
View details
Chase Freedom Unlimited®
Chase Freedom Unlimited®
$200 after spending $500 in the first 3 months
5% cash back on travel purchased through Chase, 5% on Lyft, 3% on dining and drugstores and 1.5% on all other purchases
$0
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.
Apply now
View details
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