@AverageJoesCredit wrote:
@Anonymous wrote:
@rgd51 wrote:Do you enjoy the cash magnet? Is it a good card? How does it compare to other 1.5% cards?
It's ok. It's not my favorite card but I like that I can set AU spending limits on it so I gave one to each of my roommates to help them build their own credit. The real valuable cash back cards with AMEX are the BCE and BCP honestly. I tend to think that the QS and NFCU cashRewards are the better 1.5% cards and with plenty of 2% options around, it's hard to recommend the Cash Magnet.
Since i dont spend alot nor can i as i try to lower debt, the CM is actually my favorite Amex card, perty too
. Unfortunately it sucks having a $25 limit to redeem. I guess if it was my only card not too big of a problem but again, statement credit isnt my favorite way to redeem. As happy as i am to have my Amex back after bk, since im not a traveller, MR guy or heavy spender, its actually a lender i could do without , but wont lol. Options are always good
That's actually my reasoning for putting it under QS and cashRewards is that $25 minimum redemption. If it's your primary card, that's not really a concern, but I would just get a Citi DC if you don't want to mess with CU cards rather than lose that .5%.