Acute coronary syndrome (ACS) represents a life-threatening manifestation of atherosclerosis, which usually occurs in the setting of sudden plaque erosion or rupture with intracoronary thrombosis and partial to complete cessation of the downstream myocardial perfusion.1 The diagnosis, management, and treatment of the various forms of ACS, which include persistent ST-segment elevation myocardial infarction (MI), non-ST-segment elevation MI, and unstable angina (UA), have rapidly been evolving in recent years with subsequently a significant decrease in early and late mortality.2–4 Nevertheless, large multicenter studies have shown despite early and successful reperfusion and optimized medication, the actual hospital mortality remains approximately 7%, not mentioning the evolution towards ischemic heart failure in a considerable number of surviving patients.5 The current diagnostic tools - i.e., blood biomarkers (e.g. troponin), electrocardiography, and ultrasonography - are key tools in the diagnosis of ACS and fast patient triage, but these markers provide only a partial insight in the complex, evolving processes occurring in the jeopardized myocardium.6 Moreover, patients with ACS encompasses a broad and heterogeneous population and many patients with acute chest pain turn out not to have ACS. The accurate diagnosis and differentiation of ACS from other acute cardiac diseases (e.g. aortic dissection, pulmonary embolism, myocarditis, Takotsubo cardiomyopathy) which is essential for therapeutic decision making and specific therapies (e.g. timely reperfusion) may be challenging or even impossible with the above diagnostic tools. Cardiovascular magnetic resonance (CMR) imaging offers the cardiologist a comprehensive view on ACS at the tissue level (e.g. edema, necrosis, microvascular injury, hemorrhage) and may add important information for the diagnosis and differential diagnosis of ACS. As recent studies have demonstrated CMR-derived parameters yield independent prognostic value in addition to traditional risk factors, CMR may be also important for patient risk stratification. Despite the diagnostic and prognostic utility of CMR in ACS many cardiologists are not yet familiar with this fascinating and clinical helpful imaging modality. The aim of this review is therefore to elucidate the role of CMR in this group of cardiac high-risk patients.