American Express® Launches New, No Annual Fee Cash Magnet™ Card, Offering Unlimited 1.5% Cash Back
June 14 2018 - 8:00AM
Business Wire
American Express (NYSE:AXP) today announced the newest addition
to its cash back portfolio — the no annual fee American Express
Cash Magnet™ Card. Designed for people who enjoy earning rewards in
a way that fits their busy lifestyle, the Card offers unlimited
1.5% cash back on purchases from a cup of coffee to a new
couch.
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the full release here:
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The Cash Magnet(TM) Card features
American Express' new brand identity following its global brand
platform launch. The Card features the new, redrawn Centurion at
the center, new American Express watermark and elevation of the
Members Since ribbon. (Photo: Business Wire)
The Cash Magnet Card also features Pay It Plan It™, an
innovative payment tool that gives Card Members control and
flexibility over how they pay for the things they buy. With the
Cash Magnet Card, Card Members will be rewarded on purchases, while
having options for how they chose to pay. With Plan It™, Card
Members can split up big purchases over time with a fixed monthly
fee and no interest. With Pay It™, Card Members can pay off smaller
purchase amounts as soon as they appear on their bill, thus
lowering their monthly statement balance. All of this can be done
simply in the Amex Mobile App.
“Our award-winning cash back products have always kept our
customers’ needs front and center,” said Kartik Mani, Executive
Vice President, Global Consumer Lending, American Express. “Today,
we are excited to introduce the Cash Magnet Card, which offers
compelling, unlimited cash back on purchases, with the exceptional
experience and backing of American Express.”
The American Express Cash Magnet Card Offers:
- Unlimited 1.5% Cash Back — no caps, no
categories
- No annual fee (rates and fees)
- Pay It Plan It, an innovative payment
feature from American Express that gives Card Members control over
how they pay for the things they buy
- Special launch offer: Today through
July 18, new Card Members will have the opportunity to earn up to
$300 Cash Back. New Card Members can earn $150 back after they
spend $1,000 on purchases in their first 3 months of Card
Membership. Plus, earn an additional $150 back after spending an
additional $6,500 on purchases within the first 12 months of Card
Membership. Cash back will be received in the form of a statement
credit.
The Card also features many of the benefits and services that
Card Members have come to expect from American Express, including a
complimentary ShopRunner membership and Amex Offers, which rewards
Card Members at places they like to shop, travel and dine.
Terms and limitations apply. For more information about the new
American Express Cash Magnet Card, please visit:
americanexpress.com/CashMagnetCard.
About American Express
American Express is a global services company, providing
customers with access to products, insights and experiences that
enrich lives and build business success. Learn more at
americanexpress.com and connect with us on
facebook.com/americanexpress, instagram.com/americanexpress,
linkedin.com/company/american-express,twitter.com/americanexpress,
and youtube.com/americanexpress.
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American ExpressJane Di LeoJane.e.DiLeo@aexp.com
American Express (NYSE:AXP)
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