Amex Cash Back Card. American Express is launching a new card, called Cash Magnet, to give users cash-back flexibility, as well as flexibility in how they choose to pay. Credit Intel - Financial Education Center.

You can either choose a flat cash back on all of your purchases or a specialized card for accelerated cash back in several purchase categories.
Instead of points that you have to figure out how to redeem — and that you might not be able to redeem for something you want — you get real dollars and cents you can use for, well, anything.
Cash back is received in the form of Reward Dollars that can be redeemed for. We ranked the best American Express cards by category. One-card wallet: American Express Cash Magnet® Card.
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