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American Express Cash Magnet® Card vs Chase Freedom Unlimited®
Earn a flat cashback rate on everything you buy.
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.
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
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.
- You'll also earn 5% cash back at grocery stores on up to $12,000 in the first year (then 1.5%).
- Don't pay an annual fee.
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