If you use the American Express cards frequently and want to get more perks and benefits, then you should consider having an American Express cash magnet card. The American Express cash magnet card offers a free $150 credit after you have spent $1000 in your first three months. With this kind of card you are able to get cash rewards for purchases at participating stores as well as get discounts on thousands of different things.
The American Express cash magnet card offers cardholders an unlimited amount of cash rewards on purchases made from participating merchants. This cash rewards can then be redeemed at a specified date as statement credits. This cash rewards can also be applied towards your airfare, hotels and car rentals. There are even times that you can get a coupon code that can help you save money on future purchases!
With this card you also have the option of earning points instead of using your credit limit. Points can be used for shopping at any of the many merchants that are part of the American Express cash magnet program. You can earn points on a variety of things including: airline tickets, hotel stays, gasoline, department stores, restaurants, movies and even online purchases. Points can also be used to purchase items that you don't necessarily need but are cheaper than the items you would like to buy.
You may also want to take advantage of the cash incentives and rewards that are not tied to your credit limits. Some of the major credit cards offer this so it may be worth your while to look into this feature if you have a lot of spending money. You can earn more rewards and perks if you combine your purchases with a joint merchant account. American Express also offers a reward program for their loyalty programs where you can earn points or discounts based on the purchases you make with the card over the course of the year.
For those who travel frequently the American Express cash card has several benefits including frequent flyer miles, free airfare, complimentary hotel rooms and air miles, rental cars and much more! You can earn as many as 1500 points for every dollar you spend and redeem those points for prizes, gifts and cash savings at certain merchants as well as discounts at your preferred retailers.
While there are plenty of perks to being an American Express cardholder, remember that it is still a card. Don't use it as a credit card! If you don't like the interest rates and fees you have to pay, don't worry about it! The good news is that American Express cards are great for people with bad credit and they are backed up by the American Bankers Association (ABA) for your protection.