SimplyCash® Preferred Card from American Express

Welcome Bonus
Up to $250 cash back
  • 4% cash back on grocery purchases
  • 4% cash back on gas purchases
  • American Express Online Promotional Offers
Annual Fee
$119.88
$119 (QC)
Interest rates
Purchase Rates
21.99 %
Cash Advance Rates
21.99 %
Balance Transfer Rates
N-Carte-selecte-RemiseSimple-American-Express
SimplyCash® Preferred Card from American Express
Up to $250 cash back
Apply Now

Offer

  • Earn a 10% cash back bonus on all purchases in your first 3 months (up to $2,000 in purchases). Plus, earn a $50 statement credit when you make a purchase in your 13th month. You could accumulate up to $250 in bonus value over your first 13 months.
  • Earn accelerated earn rates on eligible gas and grocery purchases
  • Earn 4% cash back on eligible purchases at gas stations in Canada, 4% cash back on eligible purchases at grocery stores in Canada (up to $1,200 cash back per year) and 2% cash back on all other purchases
  • $9.99/month (Equals $119.88 annually) for non-Quebec residents. $119/annual for Quebec residents.
  • Access virtual events and special offers curated for Cardmembers with Amex ExperiencesTM
  • Extensive insurance coverage and 24/7 Customer Service

Fees & Conditions

Personal Income $0
Household Income $0
Annual Fee $119.88
Annual Fee (Quebec) $119
First Additional Card $0
Foreign Transaction Fee 2.5%
Purchase Rates 21.99%
Cash Advance Rates 21.99%

Value

Calculate the rewards
Your Monthly Spending
Year 1
Year 2+
Welcome Bonus
0 $
Annual Credit
Travel benefits
VIP Lounges
First year offer value
Rewards Earned
Annual fee
Net value

Advantages

Earnings

Per dollar of purchases

All Spending 2 %
Groceries 4 %
Gas 4 %
Dining and Food delivery 2 %
Convenience Stores 2 %
Drugstores 2 %
Local Transport 2 %
Travel 2 %
Entertainment 2 %
Recurring Payments 2 %
Telecom/Internet 2 %
Streaming services 2 %
Online transactions 2 %
Office Supplies 2 %

Insurance

Travel Insurance

Insurance Name
Included
Amount
Duration
Travel Medical Insurance
Travel medical insurance up to 54 years old
$5,000,000
15 day(s)
Travel medical insurance up to 64 years old
$5,000,000
15 day(s)
Travel medical insurance 65+
Trip Cancellation Insurance
Trip Interruption Insurance
Common Carrier Travel Accident Insurance
$100,000
Flight Delay Insurance
$500
Delayed Baggage Insurance
$500
Lost/Stolen Baggage Insurance
$500
Auto Rental Loss/Insurance
$85,000
48 day(s)
Hotel/Motel Burglary Insurance
$500

There may be a daily maximum amount depending on the type of fees paid

Other Insurance

Insurance Name
Included
Amount
Duration
Extended Warranty
1 year
Purchase Protection
90 day(s)
Mobile Device Insurance
$1,000
1 year
Price Protection
Insurance Document

Our review

SimplyCash® Preferred Card from American Express is the only credit card in Canada offering 2% cash back on all purchases. In addition, you get :

  • 4% cash back on gas purchases
  • 4% cash back on grocery purchases

With this welcome offer, you can earn 10% cash back on all purchases (up to $2,000) for the first 3 months, or up to $200. Plus, receive a $50 credit on your account after making a purchase in the 13th month.

SimplyCash® Preferred Card from American Express is particularly appreciated by those with major purchases to make: renovations, furniture or appliance purchases, since it offers 2% in all stores.

This Card is distinguished by the many insurances it offers : rental car theft and damage, $100,000 travel accident, emergency medical expenses (out of province or country), lost or stolen baggage, flight delay and misdirected baggage, hotel or motel burglary, Purchase Protection, Purchase Security.

Like all American Express Canada Cards, there is no minimum income requirement.

Frequently Asked Questions

Alternative Cards

4.75 Milesopedia Rating

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