The Cash Magnet is no longer accepting applications, so it only matters if you already carry it. For existing cardholders, it remains a simple no annual fee card that earns an unlimited 1.5% cash back on all eligible purchases, with no categories to track. That flat rate makes it a reasonable everyday default. The limitation is that 1.5% is modest, and there are no other rewards or perks listed to set it apart. If you have it, keeping it open costs nothing, but if you are shopping for a new card, you will need to look elsewhere.
Earn rates & credits
| Category | Rate |
|---|---|
Everything Else 1.5% unlimited cash back on all eligible purchases | 1.5% |
Approval odds
Product changes
Where cardholders came from before landing on this card, and what they moved it to afterwards. Thicker flows carry a larger share of the changes in that direction.
Cash MagnetBased on 1 reported product change. Percentages are shares of each direction, not of all cardholders, and a small sample can swing a long way.