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The Amex Blue Cash Preferred credit limit is $1,000 to nearly $30,000, according to reports from Blue Cash Preferred cardholders online. What is the average credit limit for American Express Blue Cash?Įditorial and user-generated content is not provided, reviewed or endorsed by any company.

But all things considered, Blue Cash Everyday wins this category, thanks to its higher earning rates. That rate also applies to eligible purchases made on. supermarkets each year but provides a lower earning rate: 2 points per $1. Is AMEX everyday or Blue Cash better?Īmex EveryDay also offers rewards on up to $6,000 spent at U.S. It's good to note that metal credit cards are usually relatively expensive luxury rewards cards, compared to the Cash Magnet Card, which has a $0 annual fee and offers 1.5% cash back on all purchases. No, Amex Cash Magnet is not a metal card. The card is aimed at consumers that have good or excellent credit. While it's not just your credit score that American Express is looking at, you'll likely need at least a score in the mid-to-high 600s to be approved for the Cash Magnet. There are also several other variables that can affect American Express's decision to approve your application: income, debt-to-income ratio, and your previous credit card history. That's the case for most other Amex cards, too. The minimum credit score needed for Amex Cash Magnet is around 700. What credit score is needed for American Express cash magnet card? Is American Express Cash Magnet a good card?īottom Line: The American Express Cash Magnet® Card makes for a great everyday card and its bonus makes it an excellent pick for short-term rewards for those able to meet the spending requirements.