finder.com

Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

American Express Cash Magnet® Card vs Chase Freedom Unlimited®

Earn a flat cashback rate on everything you buy.

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
Avatar
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

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

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

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

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

Data updated regularly
Name Product Welcome offer Rewards Annual fee Filter values
American Express Cash Magnet® Card
American Express Cash Magnet® Card
$150 statement credit after spending $1,000 in the first 3 months
1.5% cash back on all purchases (redeem as statement credit)
$0
With 1.5% cashback as statement credit on everything and a 15 months intro APR on purchases, this no-annual-fee rewards card makes it simple to earn more rewards. All information about this card has been collected independently by Finder.
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
loading

Compare up to 4 providers

More guides on Finder

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site