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 supplied, together with various choices for individuals who may need been concerned about 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 trade customary. (Phrases apply.) Others providing practically similar merchandise included Chase, Capital One, Wells Fargo and Barclays. Today, although, a rising variety of playing cards are paying higher flat-rate rewards.

As an illustration, the $0-annual-fee Wells Fargo Energetic Money® Card earns an infinite 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 prices 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 shopper card that earns beneficial, travel-friendly American Categorical Membership Rewards factors: 2 factors per $1 spent at U.S. supermarkets on as much as $6,000 per yr in purchases; 2 factors per $1 spent on eligible journey purchases booked by 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 not less than 20 instances. Phrases apply.

A number of different American Categorical shopper 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 for those who’re OK with incomes money again as a substitute of factors, you can 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. fuel stations and on U.S. on-line retail purchases (on as much as $6,000 per yr 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 well-liked Credit score Card earns Membership Rewards factors: 3 factors per $1 spent at U.S. supermarkets on as much as $6,000 per yr in purchases; 2 factors per $1 spent at U.S. fuel stations; 2 factors per $1 spent on eligible journey purchases booked by American Categorical Journey; and 1 level per $1 spent on different eligible purchases. Phrases apply.

Instead, contemplate the Chase Sapphire Most well-liked® Card, which rewards holders for journey and on a regular basis spending. You may get 5 factors per $1 spent on all journey bought by Chase; 3 factors per greenback on on-line grocery purchases; 3 factors per greenback on eating; 3 factors per greenback on streaming companies; 2 factors per greenback on journey not bought by Chase; and 1 level per greenback on all different purchases. It, too, prices 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 out there by NerdWallet.

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