The Ultimate Guide to Credit Cards™
Thursday, June 8, 2023

Cash Magnet® Card Review

"The Cash Magnet® Card is a simple, flat-rate cash back rewards card that competes with cards like the Capital One Quicksilver® and is a solid option if you don't like keeping track of rotating rewards categories."
- Toby Sembower,
Advertiser Disclosure
Cash Magnet® Card Review

at the issuer'ssecure website

BEST OVERALL RATING

★★★★★

4.7

OVERALL RATING

4.7/5.0
Our Review »
  • Earn $200 back in the form of a statement credit after you spend $2,000 in purchases on your new card in your first 6 months
  • Unlimited 1.5% cash back on every purchase
  • 0% intro APR on purchases and balance transfers for 15 months from the date of account opening, then a variable APR applies
  • Rental car loss and damage insurance when you use your eligible card to reserve and pay for the entire rental and decline the collision waiver at the rental company counter
  • Find out if you prequalify for the Cash Magnet® Card or other offers in as little as 30 seconds.
  • $0 Annual Fee
Intro (Purchases)
Intro (Transfers)
Regular APR
Annual Fee
Credit Needed
0% for 15 months
0% for 15 months
18.49% - 29.49% Variable
$0
Good/Excellent

Interest Rate

This card features the following interest rates on purchases and balance transfers:
  • Purchase Intro: 0% for 15 months
  • Balance Transfer Intro: 0% for 15 months
  • Regular APR: 18.49% - 29.49% Variable
See site for details »

Annual Fee

This card features the following fee to be paid annually by the cardholder:
  • Annual Fee: $0
See site for details »

Credit Needed

This card has the following general credit requirement for approval of new accounts:
  • Credit Level: Good/Excellent
See site for details »
Go To Application »

Our Ratings By Category

0% Intro APR
(Ranked #12 out of 31)
★★★★★
4.7
Best Overall
(Ranked #22 out of 153)
★★★★★
4.7
Cash Back
(Ranked #18 out of 52)
★★★★★
4.7
Good Credit
(Ranked #15 out of 58)
★★★★★
4.7

Advertiser Disclosure

CardRates.com is a free online resource that offers valuable content and comparison services to users. To keep this resource 100% free, we receive compensation for referrals for many of the offers listed on the site. Along with key review factors, this compensation may impact how and where products appear across CardRates.com (including, for example, the order in which they appear). CardRates.com does not include the entire universe of available offers. Editorial opinions expressed on the site are strictly our own and are not provided, endorsed, or approved by advertisers.

Alternatives to Cash Magnet® Card

Be sure to visit the official website for Cash Magnet® Card to learn complete details about its features and terms. If you’re not quite sure if Cash Magnet® Card is right for you, we encourage you to check out these guides to popular alternatives:

Before applying for the Cash Magnet® Card offer or any other offer, be sure you understand all fees, interest rates, and terms so you can make the best decision for your own financial goals.