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SimplyCash® Preferred Card from American Express

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Network Provider: American Express
Provider: American Express
Type: Rewards
Annual fee: $119.88 $9.99 monthly
Purchase interest rate: 20.99%
Cash advance rate: 21.99% *provided you make your minimum monthly payments on time
Balance transfer rate: N/A
Credit Needed: Good (650-749)

Card description

Earn accelerated earn rates on eligible gas and grocery purchases
Earn 4% cash back on eligible gas station purchases in Canada, 4% cash back on eligible grocery store purchases in Canada (up to $1,200 cash back annually) and 2% cash back on all other purchases
No limit to the amount of cash back you can earn
No annual fee for additional cards
Penalty APR on missed payments ranges from 24.99% to 26.99%
Access events and special offers curated for Cardmembers with American Express® Experiences
Extensive insurance coverage and 24/7 customer service
American Express is not responsible for maintaining or monitoring the accuracy of information on this website. For full details and current product information click the Apply now link. Offer subject to change without notice. Conditions apply

Card Features

24/7 Customer Service
Entertainment Benefits
Extended Warranty
Purchase Protection
Rental Car Insurance
Travel Insurance

About This Card

The American Express SimplyCash Preferred Card credit card is a premium cash back card for people with a good credit score. Like many premium cards, the SimplyCash Preferred comes with a monthly fee of $9.99 (equal to $119.88 annually), but it doesn’t have a minimum income requirement like many similar higher-end cards.

In your first 10 months as a new SimplyCash® Preferred Card from American Express Cardmember, you can earn a $40 statement credit for each monthly billing period in which you spend $750 in purchases on your Card. This could add up to $400 in statement credits in the first 10 months. Cardholders can earn 4% cash back on eligible gas station purchases in Canada, 4% cash back on eligible grocery store purchases in Canada (up to $1,200 cash back annually) and 2% cash back on all other purchases

The card has a standard annual interest rate of 20.99% on purchases and 21.99% on cash advances.

Why get the SimplyCash® Preferred Card from American Express?

Entertainment benefits - Cardholders can take nights out on the town to a new level with American Express Invites. Once they register, cardholders can purchase tickets for a variety of events before they go on sale to the public. They’ll also be able to access tickets specially reserved for American Express members and will receive special offers on exclusive experiences like advanced film screenings.

All the latest payment options - In addition to chip-and-PIN purchases, you can also tap the card for contactless payment, or use Apple Pay or Android Pay with your smartphone and smartwatch.

Get covered automatically - The SimplyCash Preferred Card comes with a comprehensive coverage plan that includes insurance for out-of-province and international emergency medical coverage, car rental theft and damage insurance, flight delay insurance, lost or stolen baggage insurance, hotel burglary insurance, and last but not least, purchase protection on most items you can buy using your card. The manufacturer’s warranty will be doubled and eligible items are covered against accidental damage and theft, which can save you hundreds of dollars.

Want to know more about the SimplyCash Preferred Card from American Express?

Read an in-depth review of this card from our team.