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)!

Welcome Bonus

Up to $400 cash back

Value

$301

Best For

Annual Fee

$99

Purchase Rates

19.99 %

Cash Advance Rates

21.99 %

Balance Transfer Rates


Offer

Offer
  • New SimplyCash™ Preferred Card from American Express Cardmembers can earn 10% cash back on all eligible purchases (up to $400 cash back) for the first 4 months of Cardmembership
  • 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

Personal Income $0
Household Income $0
Annual Fee $99
First Additional Card $0
Foreign Transaction Fee 2.5%
Purchase Rates 19.99%
Cash Advance Rates 21.99%

Advantages

Welcome Bonus Up to $400 cash back
Minimum Spending Required $4,000
Minimum Spending Timeframe 120 day(s)
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
Online transactions 2
AIR MILES partners 2
Air Canada 2
Streaming services 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)

More info on our points and miles evaluation page.

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 $100,000
Flight Delay Insurance Amount $500
Delayed Baggage Amount $500
Lost/Stolen Baggage Insurance Amount $500
Travel medical insurance up to 64 years old - Amount $5,000,000
Travel medical insurance up to 64 years old - Duration 15 day(s)
Auto Rental Loss/Insurance - Amount MSPP $85,000
Hotel/Motel Burglary Insurance - Amount $500
Purchase Protection - Amount $1,000
Purchase Protection - Duration 90 day(s)
Travel Medical Insurance
Extended Warranty
Extended Warranty - Duration 1 year(s)
Insurance Document Learn More

FAQ

4.75 Milesopedia Rating