American Express offers the customers to apply for the American Express Cash Magnet Credit Card where the new cardholders can earn up to $250 cash back as a welcome bonus along with other perks and offers. There are three ways you can complete the application process of Amex Cash Magnet Card- online, via mail and by telephone.
To apply online
Applying online for Amex Cash Magnet Card is the most convenient and the fastest way than other application processes as it here you need maximum 30 seconds to get a decision after submitting your application. So if you got an exclusive invitation to apply for the card you can complete the process online by following the steps listed below:
- Go to https://www.americanexpress.com/us/credit-cards/dtw-landing/pros/cash-magnet/
- Enter the 14 characters unique RSVP code that can be easily found on the mailer in which you received the invitation.
- Enter the Zip Code.
- Click on the ‘continue’ button.
- Next, provide some of your personal, contact and financial information in the specified field and fill out the rest of the application.
- Upon completion, your application for the Amex Cash Magnet Card will be processed.
- And you will get a decision in merely 30 seconds.
And if you have not received any invitation mail from Amex, you still can apply for the Cash Magnet Card. For that, you need-
Visit the American Express website; navigate to the Cash Magnet Credit Card. Click the “Apply Now” button after entering the page. Complete the application form by providing the information such as:
- Name
- Email Address
- Phone Number
- Home Address
- Social Security Number
- Total Annual Income
- Non-taxable Annual Income
- Income Source
Continue and submit the application to be processed for a decision. If your submission will be approved, your card is mailed to your address and you get to know your new credit line.
To apply by mail
The consumers, who have received the invitation mail, can apply for the American Express Cash Magnet Credit Card by mail. All you have to do is to fill up the hard copy of application form which you got along with the invitation and mail it back inside a self-addressed enclosed envelope. The information you need to complete the application form is same as it to do online.
After sending the application mail, you have to wait for 5-7 business days for processing. Then you will get the notification in the mail or a phone call from Amex or the new card if your application would have been approved.
To apply by telephone
You can directly call at 1-800-421-8759 and speak with an American Express Customer Service Representative to apply for a new American Express Cash Magnet Credit Card account.
American Express Cash Magnet Card benefits
- The card members will be eligible for $150 cash back after spending $1000 or more using their new Amex Cash Magnet Card within the first 3 months of Card Membership.
- They can also earn an additional $100 back for an additional $6500 purchasing within 12 months. The entire $250 back will be received as a statement credit.
- Earn unlimited 1.5% cash back that can be received in the form of reward dollars and redeemed for statement credits, gift cards, and
- No Annual Fee
- 0% introductory APR on purchases and balance transfers for 15 months, then a variable rate from 14.74% to 25.74%
Fees
- Cash Advance APR- 26.99%
- Balance Transfer Fee: 5% or 3% of the balance on each transfer
- Cash Advance Fee: 5% or 3% of the balance on each cash advance
- Foreign Transaction Fee: 2.7% of each transaction after conversion to US dollars.
- Late Payment Fee: Up to 38%
- Returned Payment Fee: Up to 38%
Useful Link:
Official Security Verification Protocol for www.amex.us/magnetrsvp – Apply for Amex Express Cash Magnet Card
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