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 with the American Express Cash Magnet® Card. Earn unlimited 1.5% Cash Back on your purchases. Cash back is received in the form of Reward Dollars that can be easily redeemed for statement credits, gift cards, and merchandise. There's a low intro APR: 0% for 15 months on purchases and balance transfers, then a variable rate, currently 13.99% to 23.99%. There's no annual fee. Terms Apply.