Amex Cash Back Credit Cards: Up to $400 Bonus!

Credit Cards Amex Cash Back Credit Cards: Up to $400 Bonus!

To the point Here are the new offers for cash back credit cards offering high returns on all your purchases.

Milesopedia recommends this card from American Express Canada

N SimplyCash Preferred American Express card

SimplyCash^® Preferred Card from American Express

Up to $250 cash back

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Cash Back Credit Cards

Cashback credit cards have their slot in our wallet for all our “other” purchases.

For example, with the two SimplyCash credit cards we present in this article:

SimplyCash™ Preferred Card from American Express
SimplyCash™ Card from American Express

Unlike a card like the American Express Cobalt™ Card, which will give you an accelerated cash back on some categories of purchases (grocery stores, restaurants, bars, etc.), these two credit cards earn cash back at a flat rate on all your purchases.

SimplyCash^® Preferred Card from American Express

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

4% cash back at gas stations
4% cash back at grocery stores

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

The SimplyCash^® Preferred Card from American Express is particularly popular with those who have significant purchases to make: renovations, furniture or appliance purchases, as it offers 2% at all merchants.

This Card stands out for the numerous insurances offered: car rental theft and damage, $100,000 travel accident, emergency medical expenses (outside the province or country), lost or stolen baggage, flight delay and misdirected baggage, hotel or motel burglary, Purchase Protection, Buyer’s Assurance.

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

SimplyCash^® Card from American Express

Are you looking for a cash back credit card with no annual fee and an excellent cash back rate for your everyday purchases? Here is an option for you: the SimplyCash^® Card from American Express.

With this no-annual-fee credit card, you earn:

2% cash back on gas purchases
2% cash back on grocery purchases
1.25% cash back on all other purchases

And with this welcome offer, you can earn 5% cash back on all your purchases (up to $2,000 in purchases) during the first 3 months (which is up to $100 in statement credits).

You benefit from several types of insurance : $100,000 travel accident, Purchase Protection, Purchase Security.

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

An annual cash back

Cash back is redeemed once every calendar year.

You can check the cash back you earn, directly within your online account or on your statement.

Amex Cash Back Credit Cards: Up to $400 Bonus! - compte remise simple

American Express Benefits

Like all other American Express cards, with SimplyCash credit cards you enjoy many benefits reserved for Cardmembers.

Front Of The Line Advance Access

Cardmembers can purchase presale tickets or make reservations to some of the most in-demand:

concerts,
theatre productions,
restaurants and special events.

Many times before the opening of the sales to the public.

Front Of The Line Reserved Tickets

During the public on-sale period for many major events, Cardmembers can purchase tickets from a block of seats reserved exclusively for American Express.

For example, in the facebook group of milesopedia, many American Express Cardmembers were able to benefit from this for future Celine Dion shows!

Amex Cash Back Credit Cards: Up to $400 Bonus! - concert bonidollars

American Express Invites

Learn more at ticketmaster.ca/americanexpress. Sign up to receive News Previews and get lists of the most anticipated events delivered directly to your inbox.

Special Access for all Cardmembers

American Express Cardmembers can skip the lines with:

American Express’ private entrance to the Budweiser stage
relax in the American Express loungeat the Budweiser Stage and Roy Thomson Hall
take advantage of the express service at the American Express bar at Massey Hall.

Special Offers & Experiences for all Cardmembers

Throughout the year, Cardmembers can purchase a variety of special offers including advance screenings of blockbuster movies, getaway packages and special shopping deals created just for American Express.
Besides, with these Cards, you get access to online promotional offers from American Express!

Conclusion

Both SimplyCash credit cards are attractive to anyone who wants to earn cash back.

As a points and miles enthusiasts we apply for this card to:

Major purchases outside the spending categories of other credit cards
Purchase/extended warranty insurance
Earn an exciting welcome bonus

These Credit Cards are also attractive if you don’t have the income required by other cards: no minimum income is required.

Note that starting October 12, 2022, you will earn between 2% and 4% cash back on gas and grocery purchases with these cards.

Frequently Asked Questions about the Amex SimplyCash Cash Back credit cards

Here are frequently asked questions in the milesopedia community about this card.

Should I pick the SimplyCash or SimplyCash Preferred Amex?

The free SimplyCash earns 2% on gas and groceries plus 1.25% everywhere else, while the Preferred (annual fee applies) doubles those rates to 4% on gas and groceries plus a flat 2% on all other spending. The break-even point lands around $5,000 to $6,000 in annual eligible spending: above that, the Preferred’s higher earn rate more than offsets its fee. For households that spend $400+ monthly on groceries and fuel, the Preferred wins by a wide margin; lighter spenders should stick with the no-fee version.

Are American Express cards widely accepted in Canada?

Acceptance has improved meaningfully in recent years. Loblaws, Sobeys, IGA, Metro, Costco gas bars, Esso, Shell and most major restaurant chains now take Amex. Independent retailers, smaller convenience stores and some Quebec grocery banners (notably Maxi and Super C) still don’t, so most cardholders pair an Amex with a backup Visa or Mastercard. For SimplyCash users who shop primarily at major banners, acceptance won’t be a daily issue, but always have a Plan B in your wallet for niche merchants.

How is the SimplyCash welcome bonus paid out?

The SimplyCash Preferred offers up to $250 cash back: 10% on the first $2,000 in purchases during the first three months ($200 maximum), plus a $50 statement credit awarded in the 13th month if the account remains active. The free SimplyCash pays up to $100 (5% on $2,000 in the first three months). All cash back is automatically applied as statement credits, with no minimum redemption threshold and no manual claim process. You’ll see the credits appear on your monthly statement within one billing cycle.

What insurance and perks come with the SimplyCash Preferred?

The Preferred includes $100,000 in travel accident insurance, car rental theft and damage coverage, purchase protection (90 days against loss, theft and damage) and extended warranty doubling the manufacturer’s term up to one extra year. Cardholders also unlock American Express Front Of The Line presale tickets to concerts, theatre and sporting events, plus invitations to Amex Experiences. The free SimplyCash carries a similar but slightly lighter insurance suite, missing some travel-related coverage that the Preferred includes.

Come to discuss that topic in our Facebook Group!

Jean-Maximilien Voisine

Jean-Maximilien Voisine is the President and Founder of Milesopedia and a leading expert in rewards programs, credit cards, and travel across Canada, France, and the U.S.A. Now 40 years old and a father of two, he has explored more than 100 countries—many of them alongside his wife Audrey and their children. Specializing in loyalty programs such as Aeroplan, Flying Blue, American Express Membership Rewards, and Marriott Bonvoy, Jean-Maximilien helps travellers unlock the full potential of their points and benefits. His mission: empower others to travel better and smarter across North America and Europe.

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