This post is sponsored by the American Express Cash Magnet™ Card.
I don’t keep my pennies in a tin can tacked to the closet floor a la Francie Nolan in A Tree Grows in Brooklyn, but it won’t surprise anyone to know that in my home life and my business life, I try not to have many complicated bells and whistles when it comes to my finances.
My bank account is the same one I’ve had since I first opened it the second grade. My credit card is the same no frills one I opened when I left for college and wanted to build my credit (and pay for books). Starting at the age of 16, when I got my first real paycheck from my job serving fried clam strips, I did my own taxes. But running your own business means things get a little more complicated. A few years ago, I hired an accountant to help me with the business side of things. When I admitted that I didn’t keep a separate credit card for business expenses, he looked at me like I had two heads. “Why?” he asked. “That’s like saying no to free money.”
I’m glad to report that I’ve finally changed my ways. At the beginning of the summer, when American Express reached out about their new Cash Magnet Card, I decided to finally change how I run things. The American Express Cash Magnet Card is the company’s new Cash Back Card. It’s designed specifically for folks who value simplicity. Instead of a complicated rewards system, the benefits are simple: unlimited 1.5% Cash Back on your purchases without caps, categories, or an annual fee. Terms apply, learn more here and here.
Before the American Express Cash Magnet Card, credit card rewards systems sometimes confused me. I’m the first to admit that I crave simplicity. At home, I find comfort in clean lines and simple trappings. Give me subtle patterns and calm colors and nothing too fussy. But in work, I admit that my yen for keeping things simple can mean that I sometimes get a bit stuck in my ways. Encouragement from my accountant notwithstanding, I put off opening a dedicated business credit card for years.
As predicted by nearly everyone I talked to, the American Express Cash Magnet Card has been extremely convenient. And it literally pays. I really recommend it for any of you looking to inject some more simplicity into what can sometimes be a complex part of our lives. I could see it being a great way to organize personal spending and simplify your day-to-day life. Think about it: as you spend, you earn simple cash rewards that can go directly back into covering those expenses. (Something that old tin can could never offer.)
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