American Express Cash Magnet vs Chase Freedom Unlimited 2023
In head-to-head competition, which of these rewards credit cards wins out? Here’s what each has to offer and how they fare when put to the ultimate test — the cash back you’ll earn for using them.
American Express Cash Magnet
Pays 1.5% cash back on purchases with no spending caps. Includes American Express card network perks. 0% intro APR on purchases for 15 months from date of account opening. Spend $2,000 or more on purchases within the first six months and get a $200 statement credit.
Chase Freedom Unlimited
Earn unlimited 3% cashback on dining at restaurants, including takeout and eligible delivery services, 3% on drugstore purchases and 1.5% on all other purchases. Earn an unlimited 5% on travel purchased through Chase Ultimate Rewards. New cardmembers earn a $200 bonus after spending $500 on purchases in the first three months of account opening. 0% intro APR for 15 months on purchases and balance transfers.