American Express Cash Magnet® Card vs Chase Freedom Unlimited®

Earn flat cashback rate on everything you buy.

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Please note: All information about American Express Cash Magnet® Card has been collected independently by Finder and this card is no longer available through this site.

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

Chase Freedom Unlimited®

Chase Freedom Unlimited®

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★★★★★

4.2 / 5.0
Best for
Best for
  • Flat cash back on all purchases
  • First-year cash back boost and unlimited cash back
Welcome offer
Welcome offer

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

$150 after spending $500 in the first 3 months

Rewards
Rewards

1.5% cash back on all purchases

1.5% cash back on all purchases

Purchase APR (annual percentage rate)
Purchase APR (annual percentage rate)

0% intro APR for 15 months, and then 14.74% to 25.74% variable

0% intro APR for 15 months, and then 16.74% to 25.49% variable

Annual fee
Annual fee $0 $0
Balance transfers
Balance transfers

APR: 0% intro APR for 15 months, then 14.74% to 25.74% variable

Fee: Either $5 or 3% of the amount of each transfer, whichever is greater. $5 or 3% of the transaction, whichever is greater

APR: 0% intro APR for 15 months, then 16.74% to 25.49% variable

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

Cash advance
Cash advance

APR: 26.99% variable

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

APR: 26.74% 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 $39 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
Rates and Fees
Rates and Fees Rates & Fees Rates & Fees
Learn more
Learn more

Read review

Which card should you choose?

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®

  • No annual fee
  • Easy-to-earn signup bonus
  • Zero fraud liability

Compare similar credit cards

Name Product Filter values Rewards Purchase APR Annual fee
1.5% cash back on all purchases
0% intro for the first 15 months (then 15.74%, 21.74% or 25.74% variable)
$0
Earn unlimited 1.5% cash back on every purchase, every day.
3% cash back on dining and entertainment, 2% at grocery stores and 1% on all other purchases
0% intro for the first 15 months (then 15.74%, 21.74% or 25.74% variable)
$0
Earn $150 after spending $500 in the first 3 months.
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 14.74% to 25.74% variable)
$95
Earn $250 bonus cash back after you spend $1,000 on purchases in the first 3 months. Rates & fees
CardMatch™ from creditcards.com
CardMatch™ from creditcards.com
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See issuer's website
See terms
Can't decide on a card? Get personalized credit card offers with CardMatch™.
5% on up to $2,000 each activated quarter on two categories combined (1% after), 2% on one everyday category and 1% on all other purchases
15.74% to 25.24% variable
$0
When you spend $500 on your card within the first 90 days, you’ll receive a $150 cash back bonus. Rates & Fees

Compare up to 4 providers

Name Product Purchase APR Balance transfer APR Annual fee Filter values
0% intro for the first 15 months (then 15.74%, 21.74% or 25.74% variable)
0% intro for the first 15 months (then 15.74%, 21.74% or 25.74% variable)
$0
Earn unlimited 1.5% cash back on every purchase, every day.
0% intro for the first 12 months (then 14.74% to 25.74% variable)
0% intro for the first 12 months (then 14.74% to 25.74% variable)
$95
Earn $250 bonus cash back after you spend $1,000 on purchases in the first 3 months. Rates & fees
0% intro for the first 15 months (then 16.74% to 25.49% variable)
0% intro for the first 15 months (then 16.74% to 25.49% variable)
$0
Earn a $150 signup bonus after spending $500 in the first 3 months from account opening.
0% intro for the first 15 months (then 15.74%, 21.74% or 25.74% variable)
0% intro for the first 15 months (then 15.74%, 21.74% or 25.74% variable)
$0
Earn $150 after spending $500 in the first 3 months.
0% intro for the first 15 months (then 16.74% to 25.49% variable)
0% intro for the first 15 months (then 16.74% to 25.49% variable)
$0
Earn $150 cash back after spending $500 in the first 3 months from account opening.

Compare up to 4 providers

Compare American Express credit cards

Compare Chase credit cards

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