American Express Cash Magnet® Card Features
The American Express Cash Magnet® Card allows cardholders to earn Unlimited 1.5% Cash Back on purchases. Rewards are redeemable for statement credits, merchandise, or gift cards. Cash back comes as a statement credit, directly reducing your account balance. You can redeem in increments of $25, with a $25 minimum.
How do Cash Advances Work with American Express?
Cash advances allow borrowing money against your credit line. Withdraw cash from ATMs after enrolling. Cash advances may differ from overall credit limits and can impact credit scores.
Other Information
- American Express cards earn rewards like cash back. Blue Cash Preferred Card offers competitive benefits. Earn a percentage back on purchases and redeem rewards as statement credits.
- You can deposit checks by taking pictures in the Cash App mobile wallet, see spending on each card, and turn on purchase alerts when cards are used.
- Some users have reported Cash App does not let them link American Express accounts, possibly due to fraud prevention or restrictions.
- Our Express Cash and Cash Advance programs allow withdrawing cash at ATMs with a PIN. When you sign up through a bank site, that bank issues the card. Redeem rewards with them and use their account portals. Call to register redemption claims or check the account online.