“American Express” Lowers The Bonus Cash Magnet Card Up To $250 (From $300)

When the “American Express” launched a money Magnet credit cards in June, he was following bonus:

  • Earn $150 back after you spend $1,000 or more in the purchase of a new card within the first 3 months of card membership.
  • Also, earn an extra $150 back after you spend additional $6,500 within the first 12 months.

It was advertised as a proposal to start. This bonus was reduced to $250, as follows:

  • Earn $150 back after you spend $1,000 or more in the purchase of a new card within the first 3 months of card membership.
  • In addition, you will receive an additional $100 back after you spend additional $6,500 within the first 12 months.

Basically you now earn $100 instead of $150 on the additional $6,500 within the first 12 months. The map is not particularly strong before, only useful for a bonus because of the low rate of return 1.5% cashback on all purchases. Now it’s even worse with a lower bonus. Card list make better, I recommend reading this post.

 


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