The American Express Cash Magnet Good Credit is a personal credit card from American Express Cash Magnet. Application typically pulls a hard report from Experian. The annual fee is $0. The ongoing APR is 13.99%-23.99% after a 0% for 15 months introductory rate for 15 months. Approval typically requires a credit score of 650-700 or higher. Signup bonus: Earn $200 cash back after you spend $1,000 in the first 3 months.. Rewards: 1.5% cash back on all purchases. Cash back: 1.5%. Typical credit limit: $1,000-$50,000. Soft-pull pre-qualification is available — no hard inquiry to check approval odds. Application rules: American Express application limits: 1-in-5 (max 1 personal card approval per 5-day window) AND 2-in-90 (max 2 cards approved within any rolling 90-day period). Sign-up bonuses are once-per-lifetime per card product family. Charge cards (Green/Gold/Platinum) generally don't count toward credit-card velocity rules..