Amex Cash Magnet and EveryDay Credit Cards Closed to New Applicants – NerdWallet

Present cardholders can proceed utilizing their playing cards and won’t be affected, American Categorical stated. Right here’s what the now-unavailable playing cards provided, together with various choices for individuals who may need been taken with them.

When the American Categorical Money Magnet® Card hit the market in 2018, it was one in all a number of bank cards providing a flat 1.5% money again on all eligible purchases, which on the time was an business customary. (Phrases apply.) Others providing practically an identical merchandise included Chase, Capital One, Wells Fargo and Barclays. As of late, although, a rising variety of playing cards are paying higher flat-rate rewards.

As an example, the $0-annual-fee Wells Fargo Lively Money® Card earns a vast 2% money again on all eligible purchases. The Citi Double Money® Card additionally earns 2% money again on purchases: 1% again for each greenback spent and 1% again for each greenback paid off. It fees an annual charge of $0.

The Amex EveryDay® Credit score Card is not a rewards-earning powerhouse, however it’s the one $0-annual-fee client card that earns invaluable, travel-friendly American Categorical Membership Rewards factors: 2 factors per $1 spent at U.S. supermarkets on as much as $6,000 per 12 months in purchases; 2 factors per $1 spent on eligible journey purchases booked via American Categorical Journey; and 1 level per $1 spent on all different purchases. Holders additionally obtain a 20% factors bonus for every billing interval by which they use the cardboard no less than 20 instances. Phrases apply.

A number of different American Categorical client playing cards earn Membership Rewards, however they have a tendency to cost annual charges within the triple digits. The American Categorical® Gold Card, for instance, has a $325 annual charge. Phrases apply; see charges and charges.

And when you’re OK with incomes money again as an alternative of factors, you would contemplate the Blue Money On a regular basis® Card from American Categorical. The annual charge is $0, and it earns 3% money again at U.S. supermarkets, at U.S. gasoline stations and on U.S. on-line retail purchases (on as much as $6,000 per 12 months in spending in every class), and 1% again on different purchases. Phrases apply; see charges and charges.

Like its $0-annual-fee cousin, the $95-a-year Amex EveryDay® Most popular Credit score Card earns Membership Rewards factors: 3 factors per $1 spent at U.S. supermarkets on as much as $6,000 per 12 months in purchases; 2 factors per $1 spent at U.S. gasoline stations; 2 factors per $1 spent on eligible journey purchases booked via American Categorical Journey; and 1 level per $1 spent on different eligible purchases. Phrases apply.

Instead, contemplate the Chase Sapphire Most popular® Card, which rewards holders for journey and on a regular basis spending. You will get 5 factors per $1 spent on all journey bought via Chase; 3 factors per greenback on on-line grocery purchases; 3 factors per greenback on eating; 3 factors per greenback on streaming providers; 2 factors per greenback on journey not bought via Chase; and 1 level per greenback on all different purchases. It, too, fees an annual charge of $95.

To view charges and charges of the American Categorical® Gold Card, see this web page. To view charges and charges of The Blue Enterprise® Plus Credit score Card from American Categorical, see this web page. To view charges and charges of the Blue Money On a regular basis® Card from American Categorical, see this web page.

All details about the American Categorical Money Magnet® Card has been collected independently by NerdWallet. The American Categorical Money Magnet® Card is not accessible via NerdWallet.

All details about the Amex EveryDay® Credit score Card has been collected independently by NerdWallet. The Amex EveryDay® Credit score Card is not accessible via NerdWallet.