SimplyCash American Express Preferred Card
Earn up to $100 in bonus cash back
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📋Card Overview
🎁Welcome Bonus & Eligibility
Welcome Offer
Earn up to $100 in bonus cash back.In your first 3 months as a new SimplyCash Card from American Express Cardmember, you can earn a bonus 5% cash back on all purchases (up to $2,000 in purchases)
Eligibility Requirements
Current or former Cardmembers with this Card are not eligible for this offer
✨Key Card Features
- Earn 2% cash back on eligible gas purchases
- 2% cash back on eligible grocery purchases (up to $300 cash back annually)
- and 1.25% cash back on all other purchases. Cash back is applied annually as a statement credit
🏆Rewards Program
CASH BACK
Earn rewards on every purchase with the CASH BACK program. Redeem for travel, merchandise, gift cards, or statement credits.
👤Who Can Apply?
Residency
Canadian residents
Eligibility
Be a Canadian resident and have a Canadian credit file.Be the age of majority in your province or territory of residence.
🤔Is This Card Right For You?
✅ This card is great for:
- •People who want CASH BACK rewards
- •Those who want rewards without paying an annual fee
- •Anyone looking for a generous welcome bonus
❌ Look elsewhere if:
- •You don't spend enough to justify the rewards structure
- •You prefer a different rewards program
⚖️Pros & Cons
Pros
- +No annual fee
- +Generous welcome bonus: Earn up to $100 in bonus cash back
- +CASH BACK rewards program
Cons
- −High interest rate (21.99%)
🏆Our Verdict
The SimplyCash American Express Preferred Card is an excellent choice for those seeking a no-annual-fee card with solid rewards. The welcome bonus adds immediate value. Ideal for everyday spending without the commitment of an annual fee.
Apply on Issuer Site❓Frequently Asked Questions
What is the annual fee for the SimplyCash American Express Preferred Card ?
The SimplyCash American Express Preferred Card has an annual fee of $0. No annual fee.
What are the interest rates for the SimplyCash American Express Preferred Card ?
The purchase interest rate is 21.99% and the cash advance rate is 21.99%.
Who can apply for the SimplyCash American Express Preferred Card ?
Be a Canadian resident and have a Canadian credit file.Be the age of majority in your province or territory of residence.
What welcome bonus does the SimplyCash American Express Preferred Card offer?
Earn up to $100 in bonus cash back.In your first 3 months as a new SimplyCash Card from American Express Cardmember, you can earn a bonus 5% cash back on all purchases (up to $2,000 in purchases)
Is the SimplyCash American Express Preferred Card worth it?
The SimplyCash American Express Preferred Card is a great no-annual-fee option. The welcome bonus of Earn up to $100 in bonus cash back adds significant value. The CASH BACK program offers flexibility for redemptions.
