SimplyCash™ Preferred from American Express

SimplyCash™ Preferred from American Express

The only Credit Card in Canada earning 2% cash back on all purchases. No annual cash back limit.

For a limited time, get 10% cash back for 4 months(up to $400 back)!

Value

$301

Welcome Bonus

10% cash back for 4 months

Best For

Annual Fee

$99


Our Review

This credit card is one of the best cash back credit cards in Canada.

For a limited time, you get 10% cash back on all your purchases, that’s up to a $400 welcome bonus.

With this Card, you can earn 2% cash back on all your purchases, with no annual limit.

Finally, you benefit from insurance on your purchases.

Like most American Express Credit Cards, there is no minimum income required to apply for this Card.

Offer

Offer
  • Earn 10% cash back on all eligible purchases (up to $400 cash back)
  • Earn 2.0% cash back when your Welcome Rate ends
  • No limit to the amount of cash back you can earn after your Welcome Rate ends
  • Access to memorable experiences with American Express Invites®
  • Extensive insurance coverage and 24/7 Customer Service 

Fees & Conditions

Annual Fee $99
Foreign Transaction Fee 2.5%
Purchase Rates 19.99%
Cash Advance Rates 21.99%

Advantages

Welcome Bonus 10% cash back for 4 months
Minimum Spending Required $4000
Rewards Type Cash Back
Transfer Partners Cashback
Loyalty Program Cashback
All Spending 2
Travel 2
Local Transport 2
Dining and Food delivery 2
Groceries 2
Convenience Stores 2
Gas 2
Drugstores 2
Office Supplies 2
Telecom/Internet 2
Entertainment 2
Recurring Payments 2

Value

Value

We estimate the value of the welcome offer during the first year for all the credit card offers. Are taken into consideration:

  • The value of cash back or points earned
  • The value of the benefits or credits earned with the Card
  • The annual fee value (offered or not)

 

Calculation of the offer’s value in the first year
Value per point 1.0 ¢
Welcome bonus up to $400
Annual fee – $99
Value approximately $301

 

Insurance

Common Carrier Travel Accident Insurance Amount $100000
Flight Delay Insurance Amount $500
Delayed Baggage Amount $500
Lost/Stolen Baggage Insurance Amount $500
Travel medical insurance up to 64 years old - Amount $5000000
Travel medical insurance up to 64 years old - Duration 15 day(s)
Auto Rental Loss/Insurance - Amount MSPP $85000
Hotel/Motel Burglary Insurance - Amount $500
Purchase Protection - Amount $1000
Purchase Protection - Duration 90 day(s)
Medical Travel Insurance
Extended Warranty
Extended Warranty - Duration 1 year(s)
Insurance Document Learn More

FAQ