With the decrease in credit card interchange fees in Canada, we have seen the disappearance of credit cards offering 2% on all purchases in recent years.
Actually, only ONE credit card today still offers 2% cash back on any purchase. And there is no annual cash back limit. This is the SimplyCash™ Preferred Card from American Express.
10% Cash Back as a Welcome Bonus
For a limited time, when you sign up for the SimplyCash™ Preferred Card from American Express, you can earn 10% cash back for the first 4 months.
This 10% accelerated cash back applies to the first $4,000 in Card purchases. This means you can get up to $400 cash back as a welcome bonus!
2% cash back on all purchases
Once you reach the first $4,000 in purchases in 4 months, you will then get 2% cash back on all your purchases.
And that’s the main advantage of this credit card: there are no purchase categories. It is an exciting credit card for those who have large purchases and only earning today the base rate offered by their credit card (often between 0.5% and 1%).
Especially since there is no annual limit on the amount of cash back you can receive, whereas many credit cards cap purchases at $25,000!
For example, if you are a contractor spending $5,000 a month on materials, or a business owner spending $5,000 a month on online advertising, you could get $1,200 cash back, every year!
Or, if you don’t want to be burdened with other credit cards that offer accelerated cash back based on purchase categories and own a simple credit card to use: this 2% cash back everywhere credit card is the card for you.
Starting October 12, 2022, you will earn 4% cash back on gas and grocery purchases.
As a SimplyCash™ Preferred Cardmember, you have access to many benefits:
- American Express Online Promotional Offers: Each month, you will receive personalized offers to earn more cash back at selected merchants
- Out of Province/Country Emergency Medical Insurance up to $5,000,000
- Flight Delay Insurance
- Baggage Delay Insurance
- Hotel Burglary Insurance
- Lost or Stolen Baggage Insurance
- $100,000 Travel Accident Insurance
- Car Rental Theft and Damage Insurance
- Buyer’s Assurance® Protection Plan for up to 1 additional year
- 90-day Purchase Protection® Plan
The SimplyCash™ Preferred Card from American Express is one of the best cash back credit cards in Canada. This Card is mainly intended for those who do not wish to multiply the credit cards in their wallet or have many purchases that don’t fit in spending categories of other cards.
It is also a perfect Card for those who do not have the minimum income required by other cards. Actually, there is no minimum income required to apply for this card.
And for a limited time, now is the best moment to get this card with this welcome bonus of up to $400 cash back. Would you like to get it? Apply for this Card via the American Express website.